Russia: En+ Group stake in RUSAL rises

The stake of multi-industry holding En+ Group in the Russian aluminum giant UC RUSAL has grown to 56.88% following the closure of an asset swap with Swiss trader Glencore, En+ Group said in a statement on February 3. “The company announces conclusion of the second stage of the agreement on a swap of securities with…

Ukraine: AMKR holds public hearings on the project for construction of Tretya Karta tailing pond

At the public hearings, ArcelorMittal Kriviy Rih presented EIA report of the project for construction of Tretya Karta tailing pond – water-engineering structure designed to dispose of mill tailings. The new facility of mining and beneficiation complex is planned to be constructed in the territory of Shyrokovskiy district – on land plots, which are in…

Ukraine: pipes output down in 2019

In 2019 Ukraine produced 1.002 million tons of pipes, down by 9.1% YoY, with 64 thousand tons produced in December 2019. Ukrtruboprom enterprises decreased output by 10.2%, to 715.1 thousand tons (41.1 thousand tons in December 2019). In particular, Interpipe-NTZ produced 218 thousand tons (13.7 thousand tons), down by 21.8%, Interpipe NMTZ – 103.3 thousand…

Russia: Olimp wins gold deposit in court

The Arbitrary Court of Moscow has declared ineffective the decree of the Federal Agency on Subsoil Use on the revocation of license to prospect and mine gold ore at the Zegengolskoye deposit in the Republic of Buryatia issued to the Mining Company Olimp LLC. The 9th Arbitrary Court of Appeals declared the decree ineffective in…