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Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021. According to the company statement, $3.69 million were spent on paying loans on pre-export financing. After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)
DetailsSAT&Company intends to build a mining and processing works at the Gornostayevskoye deposits in the East Kazakhstan region valued at $252.5 million. The GOK will process cobalt-nickel ores and extract nickel, cobalt and FN-20 ferronickel. The project capacity will be 1.9 million tons of ore and 9.5 thousand tons of nickel material per year. In…
DetailsThe Ministry of Finances suggests increasing the volume of sanctions for the breach of precious metals and stones mining, using and storing rules. The maximum fines for companies and individual entrepreneurs could increase 5-fold, to 250 thousand rubles, for officials – 4.7-fold, to 70 thousand rubles. The decision is aimed at decreasing the grey market.…
DetailsArcelorMittal Temirtau has been fined for 600 million tenge for the damaged caused to the environment. The Department of ecology says that this fine has nothing to do with the black snow. At the same time the company has been fined for polluting the environment. “The air pollution exceeded the norms. The company also failed…
DetailsSince the start of the year the prices of precious metals have increased by 6% as opposed to the 1.5% growth in the last week of 2017. For January 8-14 the following sales prices are set: gold – 20462.92 drams per 1 gram (up by 4.8%), silver – 266.26 drams (up by 6.8%), platinum –…
DetailsIn 2017 the uranium holding ARMZ mined 3 thousand tons of uranium, having 100% fulfilled its annual target. In particular, its Khiagda enterprise obtained 693 tons of uranium. It is expected that the company will reach the project capacity of 1 thousand tons per year in 2019. Dalur retained its output volume and extracted 592…
DetailsIn 2017 Kosaya Gora Iron and Steel Works sold 63.6 thousand tons of ferromanganese, up almost by 8 thousand tons YoY. At the same time ferromanganese output increased by 7.8 thousand tons YoY. (Ukrainian metal)
DetailsIn 2017 Priisk Solovievsky, which extracts gold in Amur and Zabaikalye regions, obtained 3.5 tons of gold, up by 40% YoY, or by 1 ton. The main volume – 3127 kg – was mined in Amur region deposits. The rest was obtained from alluvial gold sites in Zabaikalye. The increase has to do with the…
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