Russia: Susumanzoloto yields 5 tons of gold

As of November 19, the gold-mining company Susumanzoloto has obtained 5042 kg of gold in Magadan region, up by 14% YoY. The increase is the result of the investment in the mining machinery fleet expansion. Thus, this year Susumanzoloto has purchased 3 loading complexes. During the current gold-mining season the company has invested 1.2 billion…

Ukraine: Ferrexpo invests 1.5 billion UAH in GOKs

In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…

Russia: Severstal finishes repairs at Kolpino sites

Severstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop).

The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH.

The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)