Ukraine: VostGOK miners on strike

On August 16, Vostochniy Mining and Processing Works uranium miners went on a strike. The ore mining and salary payment were stopped three months ago because of the expiry of the license to use subsoil resources. The company received the license 20 years ago and now it has expired. But the State Service on geology…

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Russia: Rosgeo starts exploration for gold and copper at new Khabarovsk field

Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika.

According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)

Uzbekistan: AGMK saves 6892 million soums worth of fuel in July 2017

In July Almalyk Mining and Processing Works saved 6892.482 million soums worth of fuel and energy resources. In particular the company decreased electricity consumption by 13.2%, or by 29842.9 thousand kW-h, valued at 5898.5 million soums. The cement shop decreased electricity consumption by 30%, lime shop by 25.3%, Angren ore group by 21.6%. Natural gas…

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Russia: Nornickel fund buys 5 tons of palladium in H1 2017

In January-June the Norilsk Nickel palladium investment fund Global Palladium purchased some 5 tons of metal (170 thousand troy ounces).

“The purchase volume in H2 will depend on the market situation”, the company CFO Sergey Malyshev reported.

According to him, the fund has been working quite actively, with revenue up 2-fold YoY. (Ukrainian metal)

Russia: steel structures output up in January-July 2017

In January-July Russia produced 2.4 million tons of steel structures and metal wares for construction, up by 11.8% YoY.

According to the Federal Service of State Statistics (Rosstat), in July output increased by 22.8% YoY, but dropped by 12.9% MoM. (Ukrainian metal)

Latvia: talks with potential KVV Liepājas metalurgs buyers to conclude in August 2017

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis. Information published in the insolvency registry states that a clarified KVV Liepājas metalurgs property sales plan has been submitted. The company’s insolvency process administrator Guntars Koris has extended the…

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