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Energomashspetsstal has produced a large batch of rolls for ABB. According to the company statement, products were supplied to ABB enterprises in Finland and Poland. The total weight of the batch is 154.55 tons. The rolls will be used in the manufacture of electric engines. In 2016 EMSS received 1.49 billion UAH of net loss,…
DetailsThe license for the development of Bozymchak, the country’s largest copper-gold deposit, was renewed, the press secretary of KAZ Minerals Bozymchak LLC Elena Tregubova informed. Earlier, the company received a notice on suspending the license for three months with reference to Article 27 of the Law of the Kyrgyz Republic On Subsoil. Ulanbek Ryskulov, Chairman…
DetailsRussian steelmaker Severstal may invest up to $15 million in the Yakovlevsky mine in 2018, and will present a business plan for the asset by May 2018, CEO Alexander Shevelev said on November 2. “Next year investment will amount to up to $15 million,” he said. The company acquired full control over the mine two…
DetailsRussian metals and mining group Mechel will export up to 300,000 tons of coal per year to Japan’s Itochu Corporation under a long-term contract, the company said in a statement on November 2. “We have been shipping coal to Itochu Corporation only under spot contracts for the past two years, and the signing of a…
DetailsThe Prosecutor General’s Office of Ukraine has returned to the U.S.-based Avellana Gold international mining company the previously withdrawn special permit for the development of Muzhievo polymetallic ore deposit in Zakarpattia, the west of Ukraine, as well as confidential geological information about the field, according to the company’s press service. “The General Prosecutor Office has…
DetailsRussian gold producer GV Gold has bought back 5.26% of its shares from the European Bank for Reconstruction and Development (EBRD) early, the company said on November 2. GV Gold’s unit Sakha Gold Mining acted as the buyer. The final payment amounted to $39 million, while the total payment stood at $62 million. Under the…
DetailsIn 2017 a record commissioning of new long faces is expected at the state mining companies. “This year a record number of new long faces will be put into operation at the state mines – 38. 19 long faces have already been commissioned, 19 more will be commissioned in these two months. For comparison, in…
DetailsThe need in the machine resulted from the switch of the company in March from underground mining to open-pit mining at the Jebariki-Khay. The machine will crush large fraction coal appearing after explosion works. The volume of pieces could be 1.5-2 cubic meters. Jebariki-Khay supplies coal to housing and municipal companies of the northern and…
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