Ukraine: Ogneupornerud fires CEO

The supervisory board of Ogneupornerud, controlled by the System Capital Management through its daughter company UMG, has fired the company director Evgeny Tsimarman. The decision on resignation was taken on June 26. Tsimarman’s office expired on June 30. The vacant position of the CEO has been taken by the chief engineer of Druzhkovka Mine Group,…

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Kyrgyzstan: government considering possibility of gold mining near Natural Park

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…

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Russia: Polyus SPO volume at $879 million

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…

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Ukraine: Interpipe hit by hacker attack

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…

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Ukraine: US coal to arrive by July 2017 end

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)

Russia: HERGU gets 114 kg of gold

The gold-mining company HERGU has so far obtained 114 kg of alluvial gold.

This year the company intends to yield 700 kg, down by 40 kg YoY.

In 2015 HERGU obtained 675 kg of gold. (Ukrainian metal)

Russia: CherMK increases CHG capacity

Cherepovets Iron and Steel Works has improved the output of the continuous hot galvanizing machine in its plating shop No. 1.

The machine speed was increased to 180 meters per minute.

With the improved operation the shop has already produced 4 coils of galvanized metal with the total weight of 100 tons. (Ukrainian metal)

Ukraine: EMZ to put second BF in operation

Yenakievo Iron and Steel Works, “nationalized” by the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, intends to put its second blast furnace in operation in July.

The head of the local terrorists Alexander Zakharchenko has also promised to solve the coking coal sales problem. (Ukrainian metal)

Azerbaijan: AzerGold gets over $20 million from export of gold and silver

Azerbaijan’s AzerGold CJSC sold a batch of gold and silver on the world stock exchange, gaining profit worth $20.905 million (35.6 million manats). “72 gold-silver alloys extracted by AzerGold at the Chovdar mining complex processing gold-bearing ores in Azerbaijan’s Dashkesan district were sent for refining to the world-renowned Argor-Heraeus gold refinery in Switzerland,” AzerGold said…

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