In 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant. “We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said. Last year Rusal was building Tayshet with its own funds. The new commission time is now Q4 2020. (Ukrainian metal)
In 2018 the net profit of ChTPZ grew by 91.6% YoY, to 7.726 billion rubles, Gross profit increased by 18%, to 44.286 billion rubles, and EBITDA – by 19%, to 28.223 billion rubles. Revenue went up by 13%, to 178.84 billion rubles. The company net debt as of late 2018 was 68.4 billion rubles. The…
TZRK, a part of Vysochaishiy (GV Gold), has won an auction to develop and mine ore gold at the Ergelyakh field. The size of the site is 69.1 square km. The R1 resources are estimated at 0.12 tons, R2 – 0.6 tons and R3 – 9.3 tons. Last year TZRK mined 93 thousand ounces of…
In February Beloretsk Iron and Steel Works increased metal wares sales by 11% YoY, to 38 thousand tons. The company has increased sales to the aviation, machine-building, construction and bearing industry enterprises. Rods with specially treated surface for the manufacture of springs and fasteners, as well as the cold-deformed rebars for the manufacture of various…
A new player has appeared on the gold-extraction market of Sverdlovsk region. Severouralskaya Mining Company LLC has received a license to prospect and mine gold at the Vilyuiskaya field. The C1 reserves are estimated at 206 kg, and C2 – 377 kg of ore gold. The company has paid 118 million rubles for the right…
In May gold extraction will start at the Polyanka deposit in Khabarovsk region. So far the Resurs LLC has already prepared the crushing complex of the processing factory with the capacity of 600 tons of ore per hour. In the first year of operation it is expected to produce 1.5 tons of gold. The gold…
The Vostoc-2 miners team intends to extract 67 kg of alluvial gold this season. In particular, the team will finish developing the Moiga site, though the license is valid until March 2022. The team will also be developing the site at the Kuzkin Brook. Last year the team extracted 64 kg of gold. (Ukrainian metal)
According to the current development strategy of Kyrgyzaltyn OJSC, work will be aimed at transforming the company from a production enterprise into a management company with a holding structure, Chairman of the Board of Kyrgyzaltyn, Almaz Alimbekov, declared. According to him, in the future, the main areas of activity of the holding company should be…