Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has completed delisting of its global depositary receipts (GDRs) from the London Stock Exchange (LSE), the company said in a statement on March 16. Nordgold offered to buy the GDRs at $3.45 per security and said it could spent a total of up to $118…Details
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Russian metals producer Norilsk Nickel is ready to consider participation in the development of the Udokan copper field, CEO and key shareholder Vladimir Potanin said on the sidelines of a meeting of the Russian Union of Industrialists and Entrepreneurs on March 16. “We have received no detailed proposals so far. We will negotiate once it…Details
Prime Minister of Kazakhstan Bakytzhan Sagintayev visited Ulba Metallurgical Plant as part of his working trip to East Kazakhstan region, PM’s press service reported. PM familiarized himself with the process of high capacitive tantalum powders production. UMP is one of the world’s recognized producers of uranium and tantalum. The enterprise is a part of the…Details
The Mine Group Yuzhnodonbasskoye No. 1 (Ugledar, Donetsk region) has ordered Company Promtorg LLC the delivery of filtering equipment valued at 21.75 million UAH. By the end of 2018 the company would have supplied 2050 self-rescuers at 8326 UAH apiece, 1500 regenerative cartridges at 2781 UAH apiece and 6 respirators at 85587 UAH. On the…Details
The supervisory board of Makeevkoks has stopped the office of the board (5 persons), including its chairman Alexander Kolomiychenko. The matter was discussed on March 14, because of the expiration of the office. None has been appointed to the board. The board consisted of Alexander Kolomiychenko, Igor Chebotarev, Irina Ukrepina, Ivan Zolotarev and Tatiana Yemelyanova.…Details
Metinvest has transferred 50% of the Central Mining and Processing Works shares from Metinvest B.V. to Metinvest Management B.V. (both registered in the Netherlands at the same address). The share of Metinvest B.V. decreased from 99.7481% to 49.7481%. At the same time the share of Metinvest Management B.V. increased from 0% to 50%. The press-service…Details
In 2019 Tau-Ken Altyn plans to produce 25 tons of gold. According to the works financial director Zhanar Rakhimova, a part of gold from the Bakyrchik deposits with high arsenic content Polymetal will export to China for processing, and after that return it to Kazakhstan. Some gold with lower arsenic content will be turned into…Details
Power generating company RusHydro has postponed a decision on joint construction of the Boguchansky aluminum plant or the Taishetsky aluminum plant with Russian aluminum giant UC RUSAL to April, CEO Nikolai Shulginov told reporters on March 16. “We are making preparations. A meeting of the board of directors has been put off to April 1-10.…Details
In 2017 ArcelorMittal Temirtau intends to increase coal concentrate output by 84% YoY, to 4.722 million tons. In February the Vostochnaya central processing factory started a pilot project on increasing concentrate output. With 210 thousand tons according to the business-plan, the shortest month in the year saw 225.1 thousand tons of concentrate produced. In January…Details
The chairman of the self-proclaimed Donetsk People’s Republic Alexander Zakharchenko has set up a program on partial clearing of the salary debts to miners of the state enterprises Artemugol (Gorlovka) and Ordzhonikidzeugol (Yenakievo). According to Zakharchenko’s order, the so-called ministry of finances will provide 182 million rubles for the cause. Coalmining in Gorlovka stopped in…Details
In 2016 Polymetal produced 1.27 million ounces of gold equivalent, up from its target of 1.26 million ounces. The annual gold output totaled 890 thousand ounces, up by 3% YoY, silver – 29.2 million ounces, down by 9% YoY. The gold output plan is 1.4 million ounces for 2017 and 1.55 million ounces in 2018.…Details
The State Property Fund has announced the sale of the Aluminum Foil Works in Zaporozhye. The starting price is 966.43 million UAH, or 1.16 billion UAH with VAT. The fund accepts all offers by April 3. The company has not been operating since the date of its creation – in 2004. It employs the director,…Details
The Vysochaishy Company intends to get the state support from the Ministry of economical development for the investment projects in the Baikal region. The company wants to get into the list of regional projects participants by submitting an inquiry to the ministry of the economical development of the Irkutsk region. The Vysochaishy project deposits are…Details