In January-July industrial metallic ores output grew by 2.2%, while metal and wares – by 1%. According to the State Statistics Service, in July ores output went up by 0.4% MoM, while metal – by 9.5%. In particular, in 7 months Ukraine produced 93.9 million tons of non-sintered iron ore, down by 1.3%, 37 million…
Centerra Gold Inc. announced that the remaining Kyrgyz legal proceedings affecting Kumtor project and the international arbitration proceeding at the Permanent Court of Arbitration had been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic. Accordingly, the parties have achieved the…
Ukrainian Railways have ordered Interpipe Ukraine LLC the delivery of tyres valued at 149.8 million UAH. This year the company will supply 5713 pieces of tyres of carbon steel produced by Interpipe NTZ not earlier than March 2018. The price of the agreement was 0.001% below the expected cost of the purchase. The only competitor…
Energomashspetsstal has cast a bulk ingot weighing 415 tons. The ingot will be used to produce a Tianwan nuclear power plant reactor body shell. This is the sixth ingot of such a weight produced at EMSS. For the first time the 415-ton ingot was produced in 2012. The production lasted for 18 hours and 32…
The Federal Antimonopoly Service has approved a bid of U.K.-based mining giant Evraz, which operates mainly in Russia, to buy 50% plus two shares in container shipping company TransContainer from Russian Railways, the service’s Director Igor Artemyev announced on August 27. “Evraz has filed this bid, and we have approved it,” he said, adding that…
The board of directors of the Russian gold producer Polymetal International has recommended paying $0.2 per share in dividends for January-June, the company said in a statement on August 27. The dividends would account for 50% of the net profit for the period. Polymetal paid $0.17 per share in dividends for January-June 2018 and $0.31…
In the first half of 2019 MMK Group allocated 1.04 billion rubles to social support programs and charitable causes. Among the priority areas of social support were assistance to pensioners and children, as well as the improvement of health conditions for the employees of the company. The full range of social and charitable programs implemented…
Construction of a 4.8-gigawatt (GW) thermal power plant and an open-pit mine at the Yerkovetskoye coal field with a projected capacity of 25 million tons per year will cost 289.8 billion rubles, the Energy Ministry said in its 2035 draft coal industry program. The project’s deadline was set in 2021, but the draft also included…