Russia: Chukotka to mine 25-30 tons of gold

Chukotka has been decreasing gold output lately. The local authorities believe this is because of the thinning of gold deposits. In 2016 the region obtained 29.184 tons of gold, down by 9.17% YoY. “We are settling issues with new projects. We’re constructing electricity lines. We are prepared to work at the Kupol deposits, and at…

Ukraine: coal output down in January-August 2017

In January-August coal enterprises produced 23.592 million tons of coal, down by 9.4% YoY. According to the Ministry of energy and coal industry, coking coal output decreased by 24.5%, to 4497.3 thousand tons, power-generating coal – by 5%, to 19094.7 thousand tons. In August Ukraine produced 2543.2 thousand tons of coal, down by 26.1% YoY.…

Russia: Rusal starts supplying aluminum to the new segment of the local market

Rusal announces the manufacture of the first in Russia high-voltage power transformer with aluminum winding. The project was carried out by the Engineering-Construction division in 2016-2017 within the program to improve the stability of electric equipment operation at Rusal aluminum plants. The first transformer has already arrived at the Bratsk Aluminum Works. Rusal plans to…

Ukraine: occupied Makeevka mine flooded

At the Horizon mine in the pro-Russia terrorist-occupied Makeevka following the accident at least two miners perished. The accident happened on September 1, when the mine was flooded. The body of a miner – the Makeevka citizen (born 1987) – was recovered. Soon after that the body of another miner was found – also Makeevka…

Kazakhstan: energy minister lambasts repairs at ArcelorMittal Temirtau’s TPP

The Minister of Energy of the Republic of Kazakhstan, Kanat Bozumbayev, has dubbed the troubled facilities in terms of the preparation for the upcoming heating season. “In a number of regions, there are outstanding issues that require additional measures to ensure the stability of the upcoming heating season,” Kanat Bozumbayev said at a government session.…

Ukraine: Lviv against uniting mines

The Lviv region state administration is against uniting all the state mines into one company, the administration fuel and energy saving department director Mikhail Melnik reported. “We don’t like the idea of turning separate enterprises into manufacturing subdivisions. We want money invested into each mine, we want them modernized. The country is carrying out the…

Russia: Rost Bank bankrupting Rezhnickel

Rost Bank has filed a bankruptcy claim to the Arbitrary court of Sverdlovsk region as to Rezhnickel. The amount of the claim is 202.6 million rubles. In late August Rost Bank filed a similar claim as to Ufaleinickel, demanding 202.6 million rubles as well. Rusal enterprises in the Ural Federal District stopped operating because of…

Russia: Nornickel modernizing manufacture

Kola MMC has finished reconstructing the nitrogen-oxygen plant, having put into operation a new air-separation unit with compressor equipment. The modernization will allow Kola MMC to considerably decrease expenses when manufacturing air separation products widely used in the non-ferrous metals manufacture. The company believes the economic impact from the implementation of new techniques will amount…

Russia: NLMK to road show its eurobonds

NLMK is planning to start a road show with dollar-nominated eurobonds in USA and Europe on September 6. Meetings with investors will be held in London, Zurich, New York and Boston. J.P. Morgan, SG CIB, ING and UniCredit will act as organizers. Depending on the market situation NLMK intends to offer mid-term bonds to investors.…

Ukraine: AMKR to borrow from EBRD

The European Bank fro Reconstruction and Development intends to lend ArcelorMittal Kriviy Rih 200 million euro.

The total amount of the loan could reach 350 million euro, with 150 million provided with the help of other institutions.

The loan will be used to support the AMKR investment program valued at $1.1 billion. (Ukrainian metal)

Russia: Reserv to lose Utinka gold

The Russian Environment Surveillance Service in Magadan region wants to annul the license to use subsoil resources given to Reserv LLC to operate at the Utinskoye deposits. According to the service the company has not started constructing infrastructure objects, nor has it prepared the mining object to be put into operation. The company director Victor…

Russia: Rosgeologia starts prospecting tin site

A subsidiary of the state concern Rosgeologia – Dalnevostochnoye PGO – is prospecting at the Arminskaya field in Primorsky region. The work is being financed from the federal budget under the state contract, the company being a subcontractor. The site with the size of 5706 square meters is situated on the territory of 3 administrative…