Shareholders of the Yuzhniy Mining and Processing Works have decided to spend 9.947 billion UAH of net profit for 2013 and 2017 to pay dividends. This equals to 6.253381 UAH per ordinary share. The decision was taken on June 21. The 2013 net profit accountable for dividends is 1.341 billion, while that of 2017 is…Details
The first stage of the Ozernovsky GMK mining and metallurgic plant was launched on the Kamchatka Peninsula’s gold deposit on June 25, the regional government said in a statement. “This is the largest unit developed on Kamchatka and one of the most difficult from the point of view of logistics, weather conditions, characteristics arising from…Details
Centerra Gold Inc. agreed with the Government of the Kyrgyz Republic to further extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017, Kumtor Gold Company website says. The First Longstop Date is the date by…Details
Last week the price of precious metals decreased in Azerbaijan. The price of one ounce of gold decreased by 11.509 manats or by 0.5%. Accordingly, the average price of one ounce of gold stood at 2,157.504 manats. On June 15, 18 and 19 the exchange rate of manat in relation to the precious metals was…Details
The prices of main precious metals varied in Azerbaijan on June 25, according to the data published by the Central Bank. The cost of gold decreased by 0.6545 manats, to 2,153.968 manats per ounce compared to the price on June 22. The cost of silver increased by 0.0716 manats, to 27.819 manats per ounce. The…Details
Rosgeologia will carry out prospecting works within the Spokoyninsky ore node in Aldan district of the Republic of Sakha (Yakutia). According to the tender documents, the enterprise will have to investigate the site with the size of 178.7 square km. Their main task is to estimate the forecast resources of R2 ore gold in the…Details
The state enterprise Selidovugol has been transferred 15 million UAH. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the money will be spent to partially pay salary debts to the employees. Earlier the minister of energy and coal industry Igor Nasalik declared, that of the 85 million UAH on salary…Details
In May industrial output in Ukraine increased by 2.2% MoM and by 2.9% YoY.
According to the State Statistics Service, in January-May the industrial output grew by 102.6%.
In particular, in mining and quarrying it increased by 102%. (Ukrainian metal)
The EU is ready to cooperate with Ukraine to reduce the risks in the energy sector, in particular, to assist in closing the exhausted and dangerous coalmines. “I congratulate Ukraine on including the tasks of decarbonization of its economy in the strategy until 2035. This means a cautious approach to solving the challenging issues in…Details
The environment activists of Mariupol, one of the most polluted cities in Ukraine, protest against construction of a new continuous casting machine No. 4 with the capacity of 2.5 million tons and the ladle furnace instead of the outdated CCM No. 1 with the capacity of 0.75 million tons per year at Mariupol Ilyich Iron…Details
PJSC ArcelorMittal Kriviy Rih started installing new diesel engines, Cummins, produced in the USA, at its locomotives. In the result of modernization, the company has already got one locomotive with a new engine. Three more locos with new American engines will be available by the end of the year – the contract has been signed…Details
The prime cost of 1 ton of coal at some state mines exceeds 18 thousand UAH. “When people say of Rotterdam+, which is 2.5 thousand UAH, the state buys coal at 18 thousand UAH per ton”, the minister of energy and coal industry Igor Nasalik said. In particular, the help to Selidovugol mines with the…Details
In May, according to the railroad statistics, direct supplies of ferrous scrap to Amurmetal totaled 46.6 thousand tons.
This is higher than in April by 17.2%, and 10-fold than in May 2017.
In January-May the company received 170 thousand tons of scrap, up 4-fold YoY. (Ukrainian metal)
VNIGRIugol, a part of the state holding Rosgeologia, has begun the summer season at the Lakhskaya field in Sakhalin.
The agreement on the work was concluded in autumn 2017.
The specialists will have to examine the quality of the coal and determine its grade contents. (Ukrainian metal)
MMK investments in environment protection measures this year will reach 5.5 billion rubles, up by 40% YoY. According to the company chief specialist of the environment protection laboratory Maxim Yurchenko, since 2004 the environment management system has been running at MMK, which in 2016 was certified to confirm to ISO 14001. Last year the company…Details
Karelsky Okatysh has shut down its factories for 72 hours as scheduled to carry out machinery repairs. More than 200 repairmen participated in the work. “For the first time in the company history the specialists had to restore the lining of the wall between medium and small crushing bunkers”, the company manufacturing and pellets director…Details
The prices of main precious metals varied in Azerbaijan on June 22, according to the data published by the Central Bank. The cost of gold increased by 2.8645 manats, to 2,154.6225 manats per ounce compared to the price on June 21. The cost of silver increased by 0.1318 manats, to 27.7474 manats per ounce. The…Details
Korshunovsky Mining and Processing Works has started the program to renovate the fleet of its 130-ton BelAZ dump trucks. According to the company press service, the renovation will help increase output. So far KGOK has already purchased two Cummins engines, and the company specialists have repaired three more engines. At present the working fleet at…Details
Evraz NTMK completes preparations for launching the fifth railway wheel machining line. The line has already been assembled, and four new automated machines have been installed at the wheel shop. Currently the wheel-block robotic transport and handling equipment, chip breaker and disposal systems, a cutting-fluid management station are being mounted. Cable networks and fences that…Details
Russian state geological exploration company Rosgeo has won a contract to explore ore gold on the Spokoininskoye deposit in the republic of Yakutia with a bid of 160 million rubles. The works must be completed before 2021. The resource estimate is 40 tons of ore gold under the P2 category under the Russian industrial standards.…Details
Pavlik Gold estimates the cost of scaling up production of an ore enrichment plant at the Pavlik deposit at 15.5 billion rubles. “A significant increase of the reserves will allow us to raise capacity of the ore enrichment plant to more than 10 million tons of ore and more than 12 tons of gold per…Details
Russian Copper Company intends to buy the rights to develop the Malmyzhskoye copper-porphyry deposits in Khabarovsk region. IG Copper LLC will be the seller. The company owns 51% in the project. The estimated price of the deal is $200 million. The deal is to be finalized in Q3. The license for the Malmyzhskoye project is…Details
The decrease of cargo trains throughput in the direction of Mariupol has affected the Mariupol Ilyich Iron and Steel Works output. In particular, the company pig iron manufacture in June is decreased by 25 thousand tons. Raw materials stocks are enough for 1-2 days, while the losses of non-received currency revenue and non-fulfillment of obligations…Details
The prices of main precious metals varied in Azerbaijan on June 21, according to the data published by the Central Bank. The cost of gold decreased by 14.374 manats, to 2,151.758 manats per ounce compared to the price on June 20. The cost of silver decreased by 0.144 manats, to 27.6156 manats per ounce. The…Details