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In 2017 the state enterprise Vostochniy Mining and Processing Works produced 836.1 tons of uranium concentrate and mined 647.3 thousand tons of uranium ore, all down by 16.8% and by 19.9% YoY respectively. In 2011 VostGOK produced 890 tons of concentrate, in 2012 – 960.2 tons, in 2013 – 922.3 tons, in 2014 – 925.7…
DetailsUral Mining and Metallurgical Company will invest about 3.5 billion rubles in development of Gaysky GOK, which exceeds equivalent figures for 2017 by 1 billion (by 34%). Over half the investment budget, about 2.25 billion rubles is planned to be channeled into implementing a project “Underground mine development” on the level of 830-1310 m. “The…
DetailsThe Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…
DetailsSumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih. The capacity of the pumps is 300 cubic meters per second. AMKR will receive 3 pumps. The weight of each machine is 13 tons. (Ukrainian metal)
DetailsIn April Energomashspetsstal produced and shipped 263 tons of goods to the European companies of ArcelorMittal. According to the company statement, the rolls were shipped to AM works in Spain, Romania, France, Belgium and Germany. The EMSS rolls will be used in cold- and hot-rolling mills. One roll weighing 39.4 tons was shipped to Voestalpine…
DetailsThe prices of main precious metals increased in Azerbaijan on May 11, according to the data published by the Central Bank. The cost of gold increased by 7.1825 manats, to 2243.2775 manats per troy ounce compared to the price on May 10. The cost of silver increased by 0.2671 manats, to 28.3985 manats per ounce.…
DetailsA fire raging 500 meters under the ground of the Raspadskaya in the Kemerovo region stopped its operations and forced evacuation of 195 miners, a source in the regional emergency services reported. “Operations of the mine have been suspended. The systems of ventilation and life support are working normally,” the source said. In 2010 two…
DetailsThe revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…
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