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Ukraine: EGOK taxes up in 2016

In 2016 Yeristovo Mining and Processing Works, a part of Ferrexpo, increased taxes payments by 16% YoY, to 176.7 million UAH. In particular, the state budget received 93.7 million UAH, regional – 43.7 million UAH, local – 39.3 million UAH, or 53%, 25% and 22% respectively. The budget of Gorishniye Plavni received 29.1 million UAH,…

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Russia: Ormet to launch underground mine

Ormet, a part of Russian Copper Company, continues the construction of an underground mine at the Dzhusinskoye deposit, Chelyabinsk region. Currently, the surface objects of the mine are being assembled, ore is mined at the prepared site as part of a pilot project for approbation of development systems, which should guarantee the safety of mining…

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