The Russia-China Investment Fund for Regional Development on March 12 signed an agreement to become a co-investor of construction of a 18.5 billion ruble uranium mine of Priargunsky Industrial Mining and Chemical Union, part of state nuclear power corporation Rosatom’s unit Atomredmetzoloto. The company plans to launch the first stage of the mine in 2023.…Details
The manufacturing complex of the gold-mining company Omchak is getting ready for operation. All the infrastructure has been prepared: roads, sites, electricity line and a settlement for 430 people. Omchak is expected to become one of the major mining companies in Zabaykalye region. The company obtained a right to develop and mine for ore gold…Details
In January-February Chukotka Autonomous District obtained 3.425 tons of gold, down by 4% YoY. Silver output dropped by 13%, to 19.546 tons. In January gold output in the district decreased by 7.3%, and silver – by 20%. 2 Kinross Gold companies, a Polymetal Company, as well as Rudnik Karalveem LLC and Rudnik Valunisty LLC mine…Details
Bratsk Aluminum Works intends to spend 1.4 billion rubles on environment protection this year. According to the company statement, last year the works used the same amount. In particular, in 2017 the company relocated citizens from the sanitary zone of the works. BrAZ invested 1.1 billion rubles in construction of 408 flats for 379 families.…Details
In 2017 United Mining and Chemical Company produced 392.2 thousand tons of ilmenite concentrate, up by 18.7% YoY. In particular, Irshansk Mining and Processing Works produced 224.4 thousand tons. Sales last year grew by 20%, to 2.769 billion UAH. Volnogorsk Mining and Processing Works increased sales by 41%, to 124 thousand tons. At the same…Details
Interpipe reports the shortage of employees in the pipe and wheel manufacture, with the combined need at 600 people. “We already see financial losses due to the absence of the employees. We cannot make the full shift at our plant in Nikolayev. I estimate the losses because of the lack of employees at 5 thousand…Details
In January-February Ukraine imported 4.015 million tons of coal, up by 63% YoY. According to the State Statistics Service, the cost of the coal imported was $516.656 million, up by 44.5%. Russia supplied $304.05 million worth of coal (or 58.85%), USA – $149.5098 million (28.94%), Canada – $48.365 (9.36%) and other countries – $14.733 million…Details
Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…Details
In 2017 Sukhaya Balka received 1.174 billion UAH of losses, up 7.46-fold or by 1 billion UAH YoY. According to the company statement, its assets as of the end of 2017 totaled 2.454 billion UAH, current liabilities – 196.207 million UAH and the consolidated accounts receivable – 254.696 million UAH. On December 28, 2017 the…Details
On the eve of the holidays Paramjit Kahlon, CEO of PJSC ArcelorMittal Kriviy Rih announced an increase in the salaries for the company employees. This was communicated at the proximity meeting attended by the company managers on March 7. The specialists of the company have already started to adjust the salaries within a grade so…Details
The cost of gold increased by 9.73 manats (0.4%), to 2250.528 manats per troy ounce in Azerbaijan on March 12, according to the data published by the country’s Central Bank. The cost of silver increased by 0.87%, to 27.178 manats per ounce, the cost of platinum by 1.4%, to 1641.571 manats and the cost of…Details
Irshansk Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 6.45 million UAH. Until the end of the year the company will have to supply 22 tons of AI-95-K5 Euro petrol at 39360 UAH per ton, 145 tons of A-92 Euro 5-E5 petrol at 37740 UAH per…Details
The automobile base of Pavlogradugol caught fire.
The fire has almost completely destroyed 17 automobiles.
In particular, according to the emergency service message, 9 buses and 8 cars were destroyed.
The fire covered the size of 900 square meters.
There were no casualties. (Ukrainian metal)
Raspadskaya Coal Company has put 2 unmanned flying vehicles in operation. They will increase the safety and speed of mining operations, as well as the precision of calculations. During a 30-minute flight the drone can take 500 pictures. The maximum height of the quadrocopter filming is 500 meters. The new drones can operate under complex…Details
Sberbank will provide the Sredneuralsky Copper Smelting Works with a multi-currency renewable limit on trade operations within the framework of the general agreement dated January 11. The minimum amount is 95 million euros. The money is provided until January 10, 2021. The limit of the loan is 22.77% of the company assets cost as of…Details
Priisk Solovievskiy, which is extracting gold in Amur region and Zabaykalye territory, intends this year to obtain 3.5 tons of gold. Just like in 2017, this year the company plans to obtain 3.1 tons of gold in Amur region. Zabaykalye territory is projected to supply 400 kg of alluvial gold. In 2017 the company obtained…Details
This year Standart LLC, which extracts gold in the Khabarovsk territory, intends to obtain 80 kg of gold. The washing season will start in May. The company will wash for gold at the deposits on the Malye Bitki River. The machinery was left standing at the sites, so the company is prepared to start working…Details
In January-February Amur region yielded 2823.7 kg of gold, up by 3.4% YoY, or by 93.4 kg. The main volume was provided by Petropavlovsk enterprises: Pokrovsky mine obtained 918 kg of gold and Albyn mine – 842.2 kg. At the same time Malomyr mine reported the yield of 581.6 kg of gold. Berezitovy mine (a…Details
Karabashmed has carried out scheduled repairs of its chemical and metallurgical machinery. All the planned work was performed in full and according to the schedule. From the moment of the complete halt of the process till the start of the furnace warming, only 9 hours elapsed. In the metal shop the company repaired the main…Details
In 2017 the ChTPZ group shipped 1.988 million tons of pipes to customers, up by 16% YoY, or by 275 thousand tons. ChTPZ share in pipes sales in Russia grew last year by 1%, to 17.5%. The sales of seamless pipes increased by 19%, to 1.2 million tons. The group also sold 800 thousand tons…Details
The supervisory board of Russia’s republic of Tatarstan-based Alabuga special economic area approved a $250 million cold-rolled flat metal products facility to be built by Gemont Metal until July-September 2020, the area said in a statement on March 12. The first stage of the plant will have a capacity of 770,000 tons annually. It will…Details
Petropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…Details
The Supreme Court of London has cancelled the prohibition to Crispian Investment of Roman Abramovich and Alexander Abramov, owning 6.3% in Norilsk Nickel, to sell some 4%. Since February 16 Rusal has been struggling against the sell of Crispian share in Nornickel for $1.47 billion to Bonico Holdings, a Whiteleave company, claiming the breach of…Details
The Ukrainian government is taking steps to remove Ukrainian products from under the U.S. sanctions for steel and aluminum products, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska has said. “We believe that Ukrainian products, which have been represented on the American market for a long time, do not pose…Details
The court has ordered Valki-Ilmenit LLC to pay 5.92 million UAH to Irshansk Mining and Processing Works. In particular, the fine itself amounts to 1.28 million UAH, annual interest to 848 thousand UAH and inflation payment is 3.79 million UAH. The company will be paying this amount by installments (493 thousand UAH a month) till…Details
For the International Women’s Day on March 8 Zaporizhstal has prepared a number of events for its women employees and the veterans of the company, as well as provided monetary aid to single mothers, mothers with many children and children with special needs. According to the company statement, all the women employees received money prizes…Details