Russia: Kuzbass Fuel Company to raise coal output in 2018

Kuzbass Fuel Company plans to raise its coal output by almost 21%, to 15.9 million tons in 2018, the company said on March 15.

The company plans to invest 3 billion rubles in development of production this year, including 1.4 billion rubles in the purchase of mining and transport equipment. (Prime/Ukrainian metal)

Russia: Interros buys 2.1% of Norilsk Nickel

Investment company Interros of the Russian businessman Vladimir Potanin has closed an acquisition of 2.1% in mining and metallurgic company Norilsk Nickel from Crispian Investments of businessman Roman Abramovich’s Millhouse to raise its stake to 32.9%, a representative of Interros reported on March 15. Earlier in March aluminum giant UC RUSAL of businessman Oleg Deripaska…

Azerbaijan: gold price continues to rise

Prices for the precious metals in Azerbaijan increased on March 14. The cost of gold increased by 14.88 manats (by 0.7%), to 2257,25 manats per troy ounce, according to the data published by the Central Bank. The cost of gold in Azerbaijan over the past 30 days (February 14 – March 14, 2018) decreased from…

Russia: coal and ferrous metals port throughput up in January-February 2018

In January-February the throughput of Russian seaports grew by 4.4% YoY, to 121.7 million tons.

According to the Association of sea trade ports, in particular, the throughput of coal increased to 22.4 million tons, or by 7.5%, while that of ferrous metals – by 14.3%, to 5.1 million tons. (Ukrainian metal)

Belarus: gold mining in Sudan considered

Belarus and Sudan are considering gold mining in the African country, Head of the Belarus President Property Management Directorate Viktor Sheiman said.

“We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted. (BelTA/Ukrainian metal)

Ukraine: Selidovugol buys belt conveyer parts

The state enterprise Selidovugol has concluded an agreement with Donenergoexport LLC for the delivery of spare parts for belt conveyers valued at 22.19 million UAH. The agreement provides for the payment of the goods ordered within 90 calendar days upon receipt. The spare parts are ordered for the 1/3 Novgorodovskaya, Kotlyarevskaya, Ukraina and Kurakhovskaya mines.…