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Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has postponed delisting from the London Stock Exchange (LSE) to March 16, from Thursday to synchronize the delisting with closing of a buyback offering, the company said in a statement. Nordgold may acquire global depositary receipts (GDRs) from minority shareholders for $118 million, or $3.45…
DetailsAt present Azovstal Iron and Steel Works is operating at 50-55% capacity, but it could drop to 40% in case the railroad blockade is not stopped. According to the company CEO Enver Tskitishvili, the works is not receiving coking coals of the necessary quality, while coke from Russia is expensive – $360 per ton. “Altaikoks…
DetailsCentral Mining and Processing Works, a part of Metinvest, plans to start supplying pellets to the Western Europe and Japan. “Having completed the second stage of the pelletizing factory modernization we can now produce such pellets that will be in demand on every market, including in Western Europe and Japan,” the company CEO Dmitry Shevchik…
DetailsThe Ministry of energy and coal industry has not included anthracite coal into the forecast structure of TPPs fuel for March. The ministry expects anthracite deliveries only to Lugansk TPP. In particular DTEK will supply 100 thousand tons of anthracite. In March TPPs on controlled territory are expected to consume 403.1 thousand tons of anthracite.…
DetailsInvestments into the project of oxidized quartzite processing at Mikhailovsky Mining and Processing Works in Kursk region could reach 65 billion rubles, according to the regional governor Alexander Mikhailov. The project is expected to be realized by 2019. Mikhailovsky GOK is the largest iron ore mining and processing enterprise in Russia with reserves of 10.3…
DetailsGold output in Russia has been growing for 7 years in a row. In 2016 it increased by 1.2% YoY, to 297.4 tons. This year it is planned to mine 304-405 tons. Several regions provided for the growth of the output: Krasnoyarsk Krai increased gold production by 5%, to 52 tons, Magadan region – by…
DetailsOlcha gold-silver deposits have supplied the first batch of ore to processing works. All the roads were constructed last year. “This is a very ambitious project. And the implementation of new projects in precious metals mining confirms the fact that Magadan region is firmly moving forward, increasing gold and silver output from year to year”,…
DetailsChelyabinsk Iron and Steel Works has made 23 deals with Mechel and its divisions on providing the group with 6.5 billion rubles and 9.7 billion rubles to its divisions. The total cost of the contracts is 16.2 billion rubles. One loan of 2.2 billion rubles will be given till April 1, 2022. 3 agreements with…
DetailsIn 2016 gold output in Sverdlov region dropped by 15% YoY, to 6710 kg. The region also produced 348 kg of platinum, up by 20%, and 37664 kg of silver, down by 21%. The major gold-miner of the region – Zoloto Severnogo Urala, a part of Polymetal, – mined 476 kg of gold, demonstrating a…
DetailsRinat Akhmetov’s Metinvest companies have devised a plan to avoid environment control in Mariupol. “Yesterday at noon near the Silpo supermarket on the left bank there was a horrible smell from Azovstal. And so what? It’s Saturday-Sunday. Stationary environment control posts are not operational (because of the weekends). Neither is the mobile laboratory”, a local…
DetailsMine No. 10 Stepnaya of Lvivugol resumed operation. According to Lvivugol, coal is mined in normal mode. Emergency rescuers are present at the mine. On March 2, following the explosion 8 miners perished and 20 were rushed to hospital. (Ukrainian metal)
DetailsMinerfin (Slovakia) and Zaporizhstal will not stop investing into the Zaporozhye Iron Ore Complex. “Despite the very difficult situation – two years ago iron ore world prices dropped sharply – we still carried on investing in the construction of the grinding complex. I hope the development of the enterprise will not stop, and together with…
DetailsMariupol Ilyich Iron and Steel Works is continuing the reconstruction of the gas-purifying system at its sintering factory. “Builders are active in the construction of the desulfurization complexes of sintering machines No. 7-9”, the company CEO Yuri Zinchenko reported. “In a month all the metal structures will be assembled (120 tons have been assembled so…
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