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The militants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, have transferred the Dokuchaevsk Flux-Dolomite Complex, once a part of SCM, to Vneshtorgservice, a company linked to the fugitive oligarch and the accountant of the Yanukovich family – Sergey Kurchenko. The transfer has to do with the fact, that,…
DetailsTwo locomotives collided at the Annovsky quarry of the Severniy Mining and Processing Works. The accident resulted in 3 dead and 1 wounded. All of them were SevGOK employees. The Annovsky quarry output is 10 million tons of ore per year. (Ukrainian metal)
DetailsAustria’s RHI Magnesita may invest 250-300 million euros in a magnesite field and construction of an electro-cast magnesium plant in Russia’s Krasnoyarsk region, the region’s government said in a statement on October 16 following a meeting of the governor Alexander Uss with representatives of the Austrian company. “RHI Magnesita is considering investing about 250-300 million…
DetailsIn September steel output in Kazakhstan dropped by 15.2% YoY, to 0.309 million tons. In January-September the output fell by 2%, to 3.3369 million tons. Ferroalloys manufacture in September was 0.176 million tons and in 9 months – 1.535 million tons, up by 9.6% and by 6.5% YoY respectively. In September metal companies produced 0.188…
DetailsIn January-September Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 12.9% YoY and amounted to 71,361 kg, the Statistics Committee of the Kazakh Ministry of National Economy reported. In the accounting period, the production of raw silver and semi-processed silver, or in powder form, reached 711,280 kg, down by…
DetailsAzerbaijan Industrial Corporation (AIC) OJSC is preparing a strategy to expand aluminum production, the general director of the AIC Kamran Nabizade declared. “Presently, the Ganja aluminum plant, which is on our balance sheet, produces 50,000-55,000 tons of aluminum products annually, mainly aluminum ingots and sheets. A new strategy is being prepared to increase the range…
DetailsThe gold production of Russia’s Polyus increased by 15% QoQ, to 691,200 ounces in July-September, the company said in a statement on October 16. In January-September the output rose by 14% YoY, to 1.8 million ounces. Sales amounted to $2.112 billion at the average price of $1.275 per ounce. (Prime/Ukrainian metal)
DetailsThe Russian government has allowed the TEMI Company, a part of Petropavlovsk, to mine for ore gold at the subsoil site, which includes Elginskoye field in Amur region. The company discovered the Elginskoye ore gold deposits in February 2017. The C1+C2 reserves are estimated at 72 tons of gold, 14 tons of silver and 56235…
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