Russia: KHERGU decreases output target

The Amur region gold-extracting enterprise KHERGU intends to yield 650 kg of the precious metal this season, down by 18.4% YoY. The drop is due to the decrease of gold content in the sand. The company started the washing season on April 29. So far, the output target has been 41.2% fulfilled, as the company…

Ukraine: Metinvest gets loan to modernize Mariupol Ilyich rolling mill

Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…