Russia: Chukotka gold and silver output down in January-July 2018

In January-July Chukotka Autonomous District yielded 13.49 tons of gold, down by 7% YoY.

12.57 tons accounted for ore gold, with alluvial gold at 930 kg, down by 7% and by 15% respectively.

Silver output decreased by 15%, to 64.44 tons. (Ukrainian metal)

Russia: Moscow supplier bankrupting KUMZ

Kamensk-Uralsky Iron and Steel Works has received a bankruptcy action for the debt of 753.6 thousand rubles.

The claimant is a Moscow company TD Trackt.

The Sverdlovsk arbitrary court is entertaining another action against KUMZ for the debt of 782.3 thousand rubles. (Ukrainian metal)

Russia: Cheboksary Works of Industrial Casting output up in H1 2018

In January-June Cheboksary Works of Industrial Casting manufactured 650 million rubles worth of metal, up almost 1.5-fold YoY. “In addition to the railroad castings we are also mastering the manufacture of new types of products for agriculture machine-building and car industry, as well as spare parts for crushing machinery, mining and quarry machines”, the company…


Russia: Usmanov yields MGOK shares to Sberbank

Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts.

The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK.

USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)

Kyrgyzstan: $30 million to revive Makmal

Kyrgyzaltyn OJSC conducts consultations with the population of Toguz-Toro district. People are being persuaded that it is necessary to create a joint venture with a foreign investor at Makmal mine. Only this can extend its life and provide people with stable work. Deputy Chairman of Kyrgyzaltyn OJSC Nurdin Kanymbetov explained the peculiarities of the project.…


Tajikistan: cooperation with Azerbaijan in aluminum production interesting

Tajikistan is very interested in close cooperation with Azerbaijan in the production and further export of aluminum, the Minister of Economic Development and Trade of Tajikistan Nematullo Hikmatullozoda declared.

In particular, Tajikistan is interested in using the transit potential of Azerbaijan for the export of Tajik aluminum, Hikmatullozoda added. (Trend/Ukrainian metal)

Russia: Primorskugol net profit up in 2017

Last year Primorskugol LLC received 871 million rubles of net profit, up 5-fold YoY (163 million rubles).

In 2015 the company net profit reached 1.27 billion rubles.

Revenue in 2017 grew by 21% YoY, to 6.304 billion rubles.

Coal output increased by 4.5%, to 3.6 million tons. (Ukrainian metal)