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The Kremlin will not interfere in disagreements between shareholders of Norilsk Nickel, but hopes they will not hurt its operations, presidential spokesman Dmitry Peskov declared. Tycoon Vladimir Potanin’s Interros, the owner of 30.3% in Norilsk Nickel, offered to buy a 4.95% stake in the company from Crispian Investments Ltd, affiliated with Roman Abramovich and his…
DetailsOn February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…
DetailsIn January the Zabaykalye region mined 281.7 kg of ore gold, up by 3.5% YoY. As of February 1, Mangazeya Mining LLC, Darkhan LLC and Novoshirokinsky Mine have been mining for gold. Silver output reached 1200 kg. Only Novoshirokinsky Mine extracts silver. In 2017 the region obtained 13 tons of gold and over 40 tons…
DetailsAn enterprise of Rosgeologia has completed the prospecting works within the Dakhovskoye gold deposits in the Republic of Adygeia. Following the prospecting, gold-quartz-sulfide ores were found. Estimated reserves are 73.79 tons of R2 gold, including 50.98 tons with 2.8 g per ton at the Shibaba site, 13.02 tons with 1.66 g per ton at the…
DetailsThis year Severstal will supply some 209 thousand tons of rolled metal to railroad car building companies of the United Wagon Company. Cherepovets Iron and Steel Works has been supplying sheets and coils, as well as pipes and bars to the OVK enterprises. The metal is used to manufacture various parts of railroad cars. Last…
DetailsIn 2017 the mining industry of Kyrgyzstan paid to the budget 9,861,212.7 billion soms in taxes, the Mining and Metallurgical Trade Union reported. The organization noted that the mining industry provided more than 8.5% of Kyrgyzstan’s GDP, over 50% of the country’s industrial production and exports, and more than 15% of tax revenues. After the…
DetailsThe Cabinet of Ministers has ordered the Finance Ministry to solve the issue of repayment of wage arrears to coal mining industry workers. The relevant report has been posted on the Finance Ministry’s website. “Under the instruction of Prime Minister Volodymyr Groysman, the Finance Ministry is involved in solving the problem of wage debts to…
DetailsIn January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9%, or by 984 thousand tons, to 2.1 million tons, and coking coal – by 2.95%, or by 16 thousand tons, to 559 thousand tons. State mines decreased…
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