The shares of Russia’s Polymetal International will be included in the MSCI Russia index on November 30 for the first time since their listing on the Moscow Exchange in June 2013, the company said in a statement. CEO Vitaly Nesis said, “I am proud that Polymetal has successfully met the criteria of MSCI Russia Index…
DetailsCenterra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2018. In the first nine months KGC produced 306,467 ounces or 9,532.2 kg of gold and contributed more than 5.66 billion soms in taxes and mandatory payments. Kumtor produced 122,445 ounces, or 3.81 tons of…
DetailsLviv region miners are striking against the delay in paying salary. Late on November 12 two miners of the state enterprise Lvivugol from the Mezhdurechenskaya and Stepnaya mines announced a hunger strike. They are striking at the Lvivugol premises in Sokal. The miners only drink water and refuse eating because of the non-payment of salary…
DetailsOn November 12 Valentin Kiselev, the CEO of Lisichanskugol, signed his resignation letter.
Kiselev has already removed his personal belongings form the CEO office.
Earlier Lisichanskugol miners staged a strike demanding their salary debts of 170 million UAH to be cleared and the CEO fired. (Ukrainian metal)
Novokuznetsk Aluminum Plant expects the revenue at the level of 16.083 billion rubles in 2018. “By 2021 the revenue might have increased to 18 billion rubles”, the company managing director Victor Zhirnakov declared. In 2017 the company revenue was 14.206 billion rubles. Thus, this year the plant intends to increase it by 13%, and by…
DetailsIn October direct deliveries of rolled steel to the major oil and gas companies of Russia, as well as to the construction sites of new projects in the sphere totaled 288.7 thousand tons. According to the railroad statistics, this is down by 39.3% YoY. In January-October deliveries reached 3.44 million tons, down by 16.7% YoY.…
DetailsAccording to Severstal, the growth of demand for steel on the local market in 2018 and until 2023 will be 1% due to the slow down of the economy. Earlier the company predicted a growth of 3-4%. The main reason for the decrease of demand is the drop in the construction sector, even though an…
DetailsPrices of gold, silver and platinum decreased in Azerbaijan on November 14, according to the data published by the Central Bank. The price of gold dropped by 2.7115 manats, to 2,044.8195 manats per ounce on November 14 compared to the price on November 13. The price of silver went down by 0.1235 manats, to 23.8236…
DetailsThe Eurasian Mining and Geology Forum “Digitalization of the Mining Industry for Joint Development and Prosperity in Eurasia” is taking place in Minsk, the press service of the Ministry of Natural Resources and Environmental Protection of Belarus reported. Taking part in the forum are about 300 participants from 17 countries of the CIS, Europe and…
DetailsReceipt of applications from potential investors for participation in a tender for creation of a joint venture on the basis of Makmalzoloto combine branch has begun, press service of Kyrgyzaltyn reported. Applications for participation in the competition are reportedly accepted within 30 calendar days (November – December) in the central office of Kyrgyzaltyn OJSC. The…
DetailsIn 2017 Russia saw the largest output of gold. “This was the year of gold output record. We have also almost reached the record, set in the Soviet Union. And we have a chance this year to produce more gold than the Soviet Union”, Kraszvetmet CEO Mikhail Dyagilev Last year Kraszvetmet produced 220 tons of…
DetailsLugansk region is carrying out an investment project to commission the 13th Western long face at the Carbonite mine of the state enterprise Pervomayskugol with the purchase and modernization of coal and mining machinery. This is the first and the largest investment project in the region. It was designed by several European companies. Investments in…
DetailsThe Arbitrary court of Volgograd region has declared the Volgograd Iron and Steel Works “Krasniy Octyabr” bankrupt. According to the court decision, bankruptcy proceedings at the company will last for 6 months. The bankruptcy of the company was initiated by the tax service, as Krasniy Octyabr had tax debts of 130 million rubles. The works…
DetailsLvivugol miners have been paid 10 million UAH for September. Now the September salary has been paid for 63%. On November 12 Lvivugol received the second part of payment for coal sold – 15 million UAH. 10 million UAH were spent to clear salary debts. So far the miners have been paid 88.1 million UAH,…
DetailsSeverniy Mining and Processing Works is modernizing its processing factory. By the end of the year the company intends to have assembled 64 separators there. The new machinery has been purchased under an investment program. After the modernization all the separators will be of the same type. This will help decrease repair time and ease…
DetailsEvraz is carrying out a project to reconstruct the Tashtagol mine. The project will improve the company raw materials safety thanks to the increase of iron ore mining 1.5-fold, from 2.2 million tons to 3.25 million tons per year. Investments in the project will reach 6.8 billion rubles. The balance reserves of the mine as…
DetailsThe construction of the “7 November-new” mine started in Kemerovo region. The mine will be developing the Sychevskiy-Perspektivniy site deposits. The license for the site was purchased in 2015 to replace the mine named after November 7, which had depleted its resources. The miners have been transferred to the Magistralniy site of the mine named…
DetailsIn January-October Chukotka Autonomous District mined 601.5 thousand tons of coal, up 1.5-fold YoY, and by 35% from the whole last year. The main coal output is provided by Beringpromugol LLC. Since late 2016 the company has been developing the Fandyushkinskoye field deposits. This year the company has mined 471 thousand tons of coal, up…
DetailsIzhstal has mastered the manufacture of a contact rail used to provide the subway wagons with current. Previously such rails have been imported. The billet for the manufacture of this rail is made of low-carbon steel, and then is rolled at the bar mill-450. The trial batch of rails with the volume of 50 tons…
DetailsIn January-October Zaporizhstal increased payments to budgets of all levels by 29% YoY, to 3.2 billion UAH. According to the company statement, payments to local budgets grew from 505 million UAH to 574 million UAH. The increase in tax payments is due to the growth of salary at the company. Thus, as of October the…
DetailsThe Ministry of Energy and Coal Industry has not taken any decision yet on the shut down of the Novovolynskaya mine No. 9. According to the deputy minister Anatoly Korzun, the mine is intended to yield 90 thousand tons of coal next year and commission two new long faces. “We see no need to shut…
DetailsSvyatogor has started using the overpass No. 6 to unload loose cargo. “This overpass is very important for the stable provision of the processing manufacture with raw materials and the production of raw copper. The reconstructed overpass replaced an old one, which had been in the operation since 1947”, the company said. The construction of…
DetailsSeverstal Steel Ropes has registered two new trademarks – Alerion and Talpa.
They will be used for elevator steel ropes and steel ropes for mining industry.
The Alerion mark has been given to the elevator steel ropes, while the Talpa mark to mining, excavator and drilling rig ropes. (Ukrainian metal)
In October direct deliveries of ferrous metals to railroad machine-builders totaled 119 thousand tons.
According to the railroad statistics, this is up by 3.9% YoY.
In 10 months deliveries grew by 21.4% YoY, to 1.25 million tons. (Ukrainian metal)