The shares of Rusal at the opening of trade at Hong Kong stock exchanged fell by 6%. Rusal is preparing to decrease output because of the US sanctions. The term of business operations with Rusal expires on October 23. Deripaska’s representatives are in constant contact with the Department of Finances, but there is no evidence…
DetailsUkrainian journalists tracked down former employees of the Crimean Titanium plant, who explained why a chemical disaster occurred. The reason lays in grave violations of the technology process to dispose of hazardous substances – leftovers of titanium production. “For three years, hydrolysis acid has been drained into settling reservoirs in full violation of technology,” ex-worker…
DetailsThe prices of precious metals increased in Azerbaijan on September 11, according to the data published by the Central Bank. The price of gold grew by 1.4535 manats, to 2,029.7575 manats per ounce on September 11, compared to the price on September 10. The price of silver went up by 0.0665 manats, to 24.0502 manats…
DetailsRussian metals producer Norilsk Nickel has launched a $2.5-billion environment protection initiative Sulphur Project at one of the two planned facilities, the company said.
The project was started on the Medny plant and will later be launched at the Nadezhdinsky smelter. (Prime/Ukrainian metal)
Russia’s Economic Development Ministry expects aluminum producer UC RUSAL to finish registration in a special administrative region in October, Minister Maxim Oreshkin declared on the sidelines of the Eastern Economic Forum on September 11. “The law will come into force soon, now all bylaws are being prepared, there will be some adjustments including legislative adjustments.…
DetailsChina Minmetals Corporation subsidiary has asked the Arbitrary court of Chelyabinsk region to recover the debt from Chelyabinsk Iron and Steel Works under the contract to construct the rail and beam mill. The Chinese company is claiming $16.69 million and interest. At the same time ChMK has filed a counter claim because of the bad…
DetailsKyshtym Electrolytic Copper Plant has assembled the main equipment of the LUHR gas filter.
It is used to purify gases of the main copper-smelting machine of the company – the MAERZ furnace.
The filter is expected to be commissioned this year.
The cost of the project is 200 million rubles. (Ukrainian metal)
President of Nornickel Vladimir Potanin has visited the deepest mine of the company, which is also the deepest in Eurasia, – the Skalisty Mine at the depth of 2056 meters. The Skalisty project is estimated at 134 billion rubles. Last year the mine yielded 1.9 million tons of ore, and this year 2.2 million tons…
DetailsOn September 7 Electrozinc shut down its zinc manufacture to carry out annual repairs. Until the end of the month all the machinery will be checked, cleaned and repaired. Some 1 thousand employees are participating in the work, both contractors and shop workers. The main object of the repair is the sulfur acid shop. The…
DetailsAlexander Popov has been appointed the CEO of Bystrinskoye Mining and Processing Works effective as of September 3.
He has previously worked in Kuzbassugol, Vorkutaugok, Olkon and Krasniy Kotelschik.
The ex-CEO of BGOK Vladimir Nakivayko has been working at Nornickel enterprises for 25 years. (Ukrainian metal)
The Titanium Investments LLC subsidiary in the town of Armyansk, in the north of the Russia-occupied Crimea, the manufacturer of titanium dioxide, has shut down all of its 8 furnaces. “The last furnace was shut down on September 9”, the company deputy CEO Andrei Dogadov said. According to him, the water used in the manufacture…
DetailsRushydro has taken a pause in entering the Taishet Aluminum Project of Rusal. “There is a pause, not only on our behalf, but also on behalf of our colleagues, the banks. They have to settle the project financing based on their own vision of what’s going on”, Rushydro chairman Nikolay Shulginov said. “Taking all the…
DetailsEnergomashspetsstal has produced equipment for the fourth power unit of the Kudankulam nuclear power plant. According to the company station, a representative of the Nuclear Power Corporation of India visited the works to check the equipment. “The EMSS specialists have produced the tube for the main reactor coolant pipe with the diameter of 1130×65. The…
DetailsIn January-August Azovstal produced 2.689 million tons of rolled metal, up by 29.2% YoY. According to the company statement, steel output grew by 0.5%, to 2.824 million tons, while that of pig iron – by 6.3%, to 2.623 million tons. In August Azovstal produced 308 thousand tons of rolled metal, 336 thousand tons of steel…
DetailsThe government of Sverdlovsk region has approved the removal of over 300 hectares of forests on the territory of Bilimbayevskoye and Nizhne-Tagilskoye forestries. The former will lose the largest part (254 ha). The sites thus retrieved will be used to extract ore gold and platinum at Kostarevskiy gold-bearing site and Rublevikskaya platinum alluvial site. (Ukrainian…
DetailsKinross Gold intends to commission the project to develop Moroshka gold deposits in Chukotka Autonomous District by the end of the year. At present the construction works are nearing their end at the site. Ore mining will start in Q4. The deposits will be in development in 2019-2020. After the mine is commissioned the annual…
DetailsThe department on subsoil use in Central-Siberian district has declared Zoloto Ynykchana LLC the winner of the auction to prospect and develop an alluvial gold site in Irkutsk region. With the initial price of 79 thousand rubles the company has offered 114.968 million rubles, or 1.46 times more. Another license – for alluvial gold site…
DetailsIn January-August Electrum plus LLC, a part of Susumanzoloto, developing the Vetrenskoye deposits, extracted 250 kg of gold, having processed 108 thousand tons of ore. The output has slightly decreased compared with January-August 2017 mostly due to the drop of average gold contents in ore. By the end of the year the company intends to…
DetailsMikhail Volynets, the chairman of the Independent Miners Union of Ukraine, has reported a raider attempt to seize the Novovolynskaya mine No. 9. “Early on September 10 some 30 unidentified people arrived at the enterprise with the acting CEO of the state enterprise Volynugol Andrei Pilipyuk. They refused to identify themselves, they all wore black…
DetailsThe prices of precious metals changed in Azerbaijan on September 10, according to the data published by the Central Bank. The price of gold decreased by 14.4755 manats, to 2,028.304 manats per ounce compared to the price on September 7. The price of silver dropped by 0.0582 manats, to 23.9837 manats per ounce. The price…
DetailsThe government of Armenia is negotiating with US the non-application of sanctions on Rusal Armenal. According to the minister of economical development and investments Artsvik Minasyan, the negotiations are held with participation of Rusal Armenal and the Ministry of foreign affairs. Armenian party does not want sanction against Rusal to be imposed on Rusal Armenal.…
DetailsIn January-August Ukraine imported 1.01 million tons of nickel ore and concentrate valued at $49.17 million, up by 16.4% and by 15.6% YoY respectively. According to the State Fiscal Service, Guatemala supplied 73.09% of nickel ore and Indonesia – 26.91%. In 8 months Ukraine neither exported nor re-exported nickel ore and concentrate, just like in…
DetailsThe price of one ounce of gold increased by 2.7965 manats or by 0.1371% last week in Azerbaijan, to 2037.4075 manats. The price of one ounce of silver decreased by 0.5609 manats or by 2.2798%, 24.28162 manats. The price of one ounce of platinum grew by 6.375 manats or by 0.4766%, to 1336.1048 manats. Last…
DetailsThe German DMT Group will study the labor conditions in mines located in Tkibuli, western Georgia, in the wake of a deadly blast earlier this year claiming the lives of four miners and leaving another six injured. The Mindeli coalmine has been closed since the blast took place on July 16. The DMT Group will…
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