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Author Archives: admin

Russia: Polymetal secures $200 million loan with UniCredit

PolymetalBy admin16.05.2017Leave a comment

Silver and gold producer Polymetal International and UniCredit bank have agreed on terms of a 5-year $200 million loan to finance existing debt from May, the company said in a statement on May 15. Polymetal is also considering options to refinance its $400 million loan with Sberbank due in November 2018 and is in talks…

Russia: Chinese investors to get only 15% in Polyus

PolyusBy admin16.05.2017Leave a comment

A consortium of China’s Fosun Group, Zhaojin Mining and Hainan Mining may get only 15% in Russian gold producer Polyus instead of 25% expected earlier. In April, the documents of the Russian-Chinese investment commission provided that Fosun agreed to acquire 20-25% of Polyus for up to $2 billion. A relevant agreement can be signed in…

Armenia: GeoProMining spends $1.84 million on AMMK

Agarak Copper-Molybdenum WorksBy admin16.05.2017Leave a comment

In Q1 GeoProMining (GPM) spent $1.84 million to modernize the Agarak Copper-Molybdenum Works. According to the company statement, a Komatsu PC-400, 10 quarry dump-trucks and a Shtanui SD32 have been purchased for the works. In 2009-2012 AMMK and its deposit were completely modernized and reached the full capacity of 3.5 million tons of ore per…

Ukraine: Cabinet to give 200 million UAH to improve labor safety at state mines

coalBy admin16.05.2017Leave a comment

The Cabinet of Ministers of Ukraine intends to provide 200 million UAH to increase labor safety at state mines. “The commission that checked safety at mines has presented results of its work. The situation is pretty bad. I don’t want to go into detail, but we have to start improving the safety of our miners…

Ukraine: Lvivugol gets 4 million UAH for new long faces

LvivugolBy admin16.05.2017Leave a comment

Lvivugol has received 3.9 million UAH from the Ministry of energy and coal industry to put new long faces into operation and purchase equipment for mine modernization and development. From the year start the enterprise has received 49.3 million UAH. In the first half of the year three new long faces will be put into…

Ukraine: coal output in Lugansk down in January-April 2017

Lisichanskugol, PervomayskugolBy admin16.05.2017Leave a comment

In January-April two coalmining enterprises of Lugansk region considerably decreased output. According to the Ministry of energy and coal industry, Lisichanskugol output dropped by 29.4% YoY, to 67.5 thousand tons of coal, and Pervomayskugol – by 38.2%, to 78.3 thousand tons. (Ukrainian metal)

Ukraine: Interpipe to participate in railroad scrap auctions

Interpipe, scrapBy admin16.05.2017Leave a comment

Interpipe intends to take part in the second auction of large scrap batches sales by Ukrzaliznytsia. But it does not have the task to win at any cost, the company CFO Denis Morozov said. “We plan to apply for participation, but we don’t have the goal to win. Our goal is for the Ukrainian scrap…

Russia: Evraz NTMK ships rails to Rusal in Guinea

EvrazBy admin16.05.2017Leave a comment

Evraz NTMK has produced a batch of R50 OT350 rails for Rusal to develop the infrastructure of bauxites deposits in Guinea – Compagnie des Bauxites de Kindia. According to the company statement, the rails will be used to repair railroad connecting the company to the Konakri seaport. Africa is one of the target regions for…

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…1,9371,9381,9391,9401,941…
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