Russia: Kimkano-Sutarsky GOK produces 600 thousand tons of iron ore concentrate

Since being put into operation Kimkano-Sutarsky Mining and Processing Works has produced 600 thousand tons of iron ore concentrate.

In May the works produced 125 thousand tons.

The company management expects it to reach its target capacity in summer. (Ukrainian metal)

Uzbekistan offers 29 mineral deposits to foreign investors

Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits, to foreign investors for industrial development. In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each. In addition, potential…

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Russia: OMK earnings down in 2016

In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…

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Russia: SUEK puts new face into operation at Taldinskaya-Zapadnaya 2 mine

SUEK has put a new long face No. 70-10 at the Taldinskaya-Zapadnaya 2 mine into operation.

The expected output is 500 thousand tons of coal per month. The reserves of the face will be enough till the end of the year.

SUEK invested over 2.3 billion rubles into the project. (Ukrainian metal)