There are 12 valid licenses for uranium prospecting and exploration in Kyrgyzstan, website of the State Committee for Industry, Energy and Subsoil Use says. Table of valid licenses says that in total in the country has issued 20 such licenses. However, only 12 are valid. Mineral Explorer holds two licenses for uranium exploration in Panfilov…
Gold mining company Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% YoY, to about $80 million in 2019, the company said. “We remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment program will put us in the…
IRC Ltd, an iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 9.2% YoY, to 522,875 tons in January-March, but decreased by 6.3% QoQ, the company said. Sales of iron ore concentrate increased by 7.4%, to 527,365 tons. The company sold its products to clients…
The board of directors of the Russian integrated steel producer Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.488 rubles per share in dividends for January-March, in line with the managers’ proposals, the company said in a statement. The total sum will amount to $260 million, or 100% of the company’s free cash flow.…
Investor Manson Group and administration of Toguz-Toro district will sign an agreement on employee benefits in the near future as a part of a project to resume work at Makmal field, Kyrgyzaltyn OJSC reported. Management of the company has held public hearings in 13 villages together with the investor and head of the Toguz-Toro district…
The Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…
In January-March, steel output in the world totaled 444.12 million tons, up by 4.48% YoY. According to Worldsteel, China remained the leader with 231.07 million tons of steel produced, up by 9.92%. China’s share totals 52.02%. Ukraine remained on the 13th position with 5.51 million tons of steel produced, up by 4.6%. (Ukrainian metal)
In 2018 Pokrovskoye Mine Group, the largest manufacturer of coking coal in Ukraine, received 1.077 billion UAH of net losses as opposed to net profit of 2.008 billion UAH in 2017. Negative EBITDA was 1.336 billion UAH, as opposed to EBITDA of 1.968 billion UAH in 2017. Net income fell by 21.1%, to 7.267 billion…
