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Polyus intends to put the Sukhoi Log gold deposits in Irkutsk region in operation by 2026. So far the company has bored 43 thousand running meters. The capacity of the factory is expected to be 30 million tons of ore per year. Extraction share will reach 88-90%. Average annual output will be 1.6 million ounces…
DetailsThe Moscow Coke-Gas Works has begun the final stage of the gasholder construction to regulate gas pressure in the gas system of the company. The total amount of investments is 114 million rubles. This is the first gasholder construction in Russia in the past 30 years. The gasholder is expected to be put into operation…
DetailsIn May industrial prices in Ukraine grew by 0.8% YoY after a zero growth in April, an increase of 0.3% in March, 1.2% in February and 4.4% in January. According to the State Statistics Service, coal became 4.3% more expensive, while coke – 3.6%. Since the beginning of the year industrial prices have grown by…
DetailsUkrainian companies can count on being excluded from the US steel and aluminum sanctions lists. “We believe that we can seriously rely on being excluded from the duties lists. US is rather seriously reviewing our arguments”, deputy minister of economical development and trade, trade representative of Ukraine Natalia Mikolskaya said following the negotiations with US…
DetailsCorum Group will become a heavy engineering arm of the country’s biggest energy group, DTEK Energy. The company will retain its brand and continue operations in Ukraine and internationally. Corum businesses that have joined DTEK Energy will continue to operate on competitive external markets both in Ukraine and abroad. Moreover, Corum will keep its brand…
DetailsIn 2017 Trading House MMK sold 1.2 million tons of metal valued at over 46 billion rubles. The share of the end customers reached 65%. TH MMK, an official seller of MMK products, has 30 divisions in Russia and 5 in Kazakhstan. Its strategic regions are the Urals, Povolzhye and Siberia. (Ukrainian metal)
DetailsElgaugol LLC has put into operation 2 Volvo loaders. The new machines to load coal have the capacity of up to 200 thousand tons per month. The special construction of the ladle with the volume of 12 cubic meters makes it easier to load coal, resulting in the speed up of the operation and the…
DetailsHundreds of Krasniy Octyabr employees stopped working and went on a strike. The reason was the news on the labor condition changes because of the FIFA World Cup. The workers were enraged by the tiny salary they would receive during the forced delay in the company operation. According to FIFA environment demands, since May 25…
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