Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, targets to produce up to 72,000 gold equivalent ounces in 2017, said the company’s CEO Reza Vaziri at an annual meeting. These excellent financial and production results reflect the ongoing success of the AAM’s long-term plan of sustainability and cost reduction,…Details
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After the strike of workers, the processing plant Ak-Tyuz has been launched, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. The plant works, but the employees have not been paid yet. Workers are ready to wait until July 10. If they don’t get their money, manufacture…Details
Prime Minister Sooronbai Jeenbekov got acquainted with the possibility of developing a gold deposit in the section “Kyldoo” in Toguz-Torou district of Jalal-Abad region near the State Natural Park “Saimaluu-Tash”, the information department of the government reported. According to it, the need for gold mining in the mine arose in connection with the depletion of…Details
The volume of Russian gold producer Polyus’ secondary public offering (SPO) amounted to $879 million taking into account the option of oversubscription or $799 million without this option, the company said in a statement. Polyus said earlier its board of directors set the SPO price at $66.5 per share. Around 9% of the company’s shares…Details
The import of coal from USA will ultimately destroy Ukrainian industry because of the high tariffs on electricity manufacture. “The increase of coal price will affect tariffs for industry, not to worsen the social tension, which is high anyway. All of us will be affected indirectly, as the prices will rise”, the energy expert Valentin…Details
Interpipe was among the companies, hit by the cyber attack on June 27. According to the company statement, at present the manufacturing and shipping processes operate in normal mode. “Some non-critical IT-services have been damaged, in particular postal client. As of early June 29 some of them have been restored”, the company said. Because of…Details
Dneprospetsstal, the largest alloyed steel manufacturer in Ukraine, is experiencing difficulties because of the scrap shortage. In case the scrap export duty of 30 euro per ton is cancelled, Ukrainian companies will have to compete with each other for the raw materials, DSS believes. “The issue of the duty for us is the issue of…Details
The Freedom of Labor Union has said on its Facebook page that it is starting its own ArcelorMittal Kriviy Rih employees flash mob. “The position of the administration is “Stay and bear it”, our is “Stay and fight”, the union said. The idea is to stay working at AMKR and struggle for the salary increase…Details
The first 120 thousand tons of coal from the USA will arrive in Ukraine by the end of July, Ukrenergo acting head Vsevolod Kovalchuk noted. According to him, Ukraine and the USA have already clarified all the conditions of the deal on purchasing American coal. (Ukrainian metal)Details
Turkish ports refuse to accept ships with scrap coming from Crimea. “As to the scrap bound for Turkey, we see that the country does not accept the ships. Ship owners ask us not to fine them”, the acting director of the Crimean seaports “state enterprise” Yuri Chernenko declared. In late October last year Turkey resumed…Details
Novgorodsky Iron and Steel Works, a part of Russian Copper Company, is repairing gas filters of its MAERZ copper furnace. The scheduled repairs of the filter will end in early July. “The operation of the MAERZ furnace is impossible without the gas filter, as it provides for the environment and labor safety. After the modernization…Details
In January-May Kamensk-Uralsk Non-Ferrous Metals Processing Works increased output – mostly following the restoration of local demand. In particular the company produced 525 tons of non-ferrous wire, 99 tons of ingots, 446 tons of strips and sections, as well as 5340 tons of rods, all up by 49%, 79%, 103% and 1% YoY respectively. “These…Details