Businessman Roman Trotsenko is raising his ownership in the mining business and can boost the stake Geopromining metals company to 98.51% by acquiring a stake from the current controlling shareholder Siman Povaryonkin. According to the Federal Antimonopoly Service, Cyprus-based Nakilep Overseas Limited controlled by Trotsenko has asked the agency to allow it to buy a…
Gold production of Polyus increased by 7% QoQ, to 804,000 ounces in October-December 2019, the company said in a statement. Revenue rose by 20%, to $1.277 billion, while an average gold price stood at $1,482 per ounce. In the whole of 2019, gold output increased by 16%, to 2.841 million ounces. Sales revenue rose by…
Gazprombank is interested in selling its 49% stake in the Elga coalfield to A-Property, a company of co-founder of telecom operator Yota Albert Avdolyan, Gazprombank’s press secretary Anton Trifonov reported on January 28. On January 27, a source said that A-Property asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga…
First President of Kazakhstan-Elbasy Nursultan Nazarbayev has held a meeting with Chairman of the Board of Kazatomprom JSC Galymzhan Pirmatov. Galymzhan Pirmatov briefed Elbasy on the results of the company’s work in 2019 and revealed its plan for the current year during the meeting. The Chairman of the Board highlighted the fact that Kazatomprom remained…
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of the Navoi Mining and…
Blagoveschensk Fitting Works has confirmed its correspondence to the international quality management system standard. The company QMS fully corresponds to the API Specification Q1 and ISO 9001:2015 requirements. BAZ received its first API certificate in April 2018, and had been confirming correspondence annually since then. The API auditors inspected the whole chain of pipefittings manufacture:…
In 2019 PMH increase pig iron output to 2.362 million tons. Coke manufacture grew by 2%, to 2.592 million tons, and sales – by 10%, to 2.689 million tons due to the increase of exports. Coal mining in the second half of 2019 increased by 43% HoH and by 8% YoY, to 1354 thousand tons.…
The government must pay attention to low consumption of metal products in Ukraine, Metinvest CEO Yuri Ryzhenkov declared. According to him, in Ukraine steel consumption per capita is one of the lowest. In particular, it’s much lower than in neighboring Poland and Russia. “The government should think on how to improve the domestic demand for…