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The Georgian Industrial Group (GIG), the largest industrial holding in Georgia owning Saknakhshiri coal mining company, is ready to gift the company to the state in the wake of the fatal incident in the Tkibuli Mindeli Mine, which claimed the lives of four miners and left six others with severe injuries. GIG states that despite…
DetailsRussia’s production of finished, semi-finished, and powdered gold fell by 13% YoY but rose by 26.5% MoM in June, the Federal State Statistics Service said in a report. In January-June gold production decreased by 1.2% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but…
DetailsPrime Minister of Georgia Mamuka Bakhtadze has announced the closure of Mindeli coal mine where four died and six injured as a result of a methane explosion on July 16. “I express my wholehearted condolences to the families of the victims in this difficult moment. The state cannot allow the vulnerability of health and life…
DetailsIn January-June Electrozinc fulfilled zinc manufacturing plan by 101.5%. According to preliminary data, sales are expected on the level of 2863 million rubles, up from 2507 million rubles in H1 2017, and net income – 330 million rubles (252.388 million rubles). Payments to all budgets will reach 564 million rubles. In H1 the company produced…
DetailsRusolovo intends by the end of 2022 to have constructed and commissioned the mining and processing works at the Pravourminskoye tin ore deposits. Investments will total 9.7 billion rubles. Construction of the GOK itself will cost 6.7 billion rubles. The company will also have to construct a road from the site to the settlement of…
DetailsIn June, according to the railroad statistics, direct deliveries of ferrous metals to the enterprises of the railroad machine-building industry reached 137.2 thousand tons. This is by 57.4% more YoY. In January-June deliveries grew by 21.7% YoY, to 760.8 thousand tons. (Ukrainian metal)
DetailsUralmashzavod will supply the sixth EKG-18 excavator to Kuzbassrazrezugol, a part of UGMK. Since the beginning of the year the company has already received 3 excavators. Assembly of the two of them has begun. 3 more machines will have been supplied by the end of the year. EKG-18 is one of the most sought after…
DetailsThe chairman of the Samara region Dmitriy Azarov has visited Arkonik SMZ, the largest manufacturer of aluminum semi-finished products in Russia. The company manufactures unique products – light-alloyed drilling pipes, parts for the newest Russian aircraft MS-21, as well as the first in Russia aluminum hoppers and bridges. In 2016 the company underwent modernization, the…
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