In April UGK Group purchases Schelkovsky Secondary Precious Metals Works, a major Russian precious metals processing works. The works is engaged in refining of Dore alloy and processing precious metals-containing secondary raw materials. The works has the London Good Delivery certificate. At present the machinery and equipment are being modernized. After that the works will…
As of May 6, all the 10 dredgers of the Solovievsky mine have started operating. The largest alluvial gold site in Amur region is in Tyndinsk and Skovorodinsk districts. In January-April the enterprise yielded 392 kg of alluvial and ore gold. The first dredger started operating on March 28. Taking into account weather conditions, so…
Rails produced by Chelyabinsk Iron and Steel Works has demonstrated high strength during the tests at the Russian scientific and research institute of railroad transport. ChMK products have withstood the loading of 750 million ton-km. The rails have been tested since 2014. ChMK started producing new rails in 2013 having put a rail-beam mill into…
In January-April Ukraine produced 3.326 million tons of 6% moisture metallurgical coke, down by 25.2% YoY. According to Ukrkoks, in April 744 thousand tons of coke were produced, and 773 thousand tons in March. Avdiivka Coke and Chemical Works started increasing output thanks to batteries No. 7 and 9 put into operation. So in May…
Belarus’ investment climate is comfortable for business, director of the Belarusian-Danish company BuySteel Yuri Firko said as he attended the Gomel Economic Forum. An investment agreement to set up a manufacturing facility in Mozyr District with the participation of the Belarusian-Danish BuySteel was signed during the plenary session of the forum on May 19. The…
Russian gold producer GV Gold aims to be ready to hold an initial public offering (IPO) by spring 2018 but would not necessarily go ahead with a listing at that time, CEO German Pikhoya declared. GV Gold, a privately held firm whose shareholders include U.S. fund BlackRock, has repeatedly delayed plans for the IPO that…
National Atomic Company of Kazatomprom has held a coordination meeting in Shymkent attended by the heads and specialists of subsidiaries’ IT departments. The meeting was mainly dedicated to the targets of rapid technology modernization including implementation of digital technologies and robot automation at uranium production, the company press-service reports. CEO of Kazatomprom Askar Zhumagaliyev said…
Metinvest mining and metal group has paid $5.202 million of interest on new $1.197 billion notes due on December 31, 2021, the group has reported on the website of the Irish Stock Exchange (ISE). In addition, Metinvest capitalized $12.253 million of interest over the period, as the group did not have extra free funds exceeding…
