Russian steelmaker Severstal may invest up to $15 million in the Yakovlevsky mine in 2018, and will present a business plan for the asset by May 2018, CEO Alexander Shevelev said on November 2. “Next year investment will amount to up to $15 million,” he said. The company acquired full control over the mine two…
DetailsRussian metals and mining group Mechel will export up to 300,000 tons of coal per year to Japan’s Itochu Corporation under a long-term contract, the company said in a statement on November 2. “We have been shipping coal to Itochu Corporation only under spot contracts for the past two years, and the signing of a…
DetailsThe Prosecutor General’s Office of Ukraine has returned to the U.S.-based Avellana Gold international mining company the previously withdrawn special permit for the development of Muzhievo polymetallic ore deposit in Zakarpattia, the west of Ukraine, as well as confidential geological information about the field, according to the company’s press service. “The General Prosecutor Office has…
DetailsRussian gold producer GV Gold has bought back 5.26% of its shares from the European Bank for Reconstruction and Development (EBRD) early, the company said on November 2. GV Gold’s unit Sakha Gold Mining acted as the buyer. The final payment amounted to $39 million, while the total payment stood at $62 million. Under the…
DetailsIn 2017 a record commissioning of new long faces is expected at the state mining companies. “This year a record number of new long faces will be put into operation at the state mines – 38. 19 long faces have already been commissioned, 19 more will be commissioned in these two months. For comparison, in…
DetailsThe need in the machine resulted from the switch of the company in March from underground mining to open-pit mining at the Jebariki-Khay. The machine will crush large fraction coal appearing after explosion works. The volume of pieces could be 1.5-2 cubic meters. Jebariki-Khay supplies coal to housing and municipal companies of the northern and…
DetailsIn just three months after Amurmetal resumed operation (the works has been idle for half a year) it has already produces 72.5 thousand tons of continuous-cast billets. Now the main task is to reach the scheduled capacity of 800 thousand tons of liquid steel per year. Later it would be possible to increase output to…
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