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International rating agency Moody’s has improved its outlook of corporate ratings of Russian aluminum giant UC RUSAL to Positive from Stable, affirmed the corporate credit rating at Ba3 and the probability of default rating at Ba3-PD, the agency said in a research note late on September 26. Moody’s improved the outlook due to deleverage of…
DetailsReclamation of the uranium-tailing dump near Min-Kush village in Naryn region of Kyrgyzstan has started, the Director of the Center for State Regulation of Environmental Protection and Ecological Safety under the State Agency for Environmental Protection and Forestry, Baigabyl Tolongutov, reported. According to him, the reclamation was started by Rosatom (Russia). It plans to spend…
DetailsUzbekistan transferred the state share in the authorized capital of JSC “Uzmetkombinat” to the trust management of SFI Management Group. According to the agreement, all the deputies of the chairman of “Uzmetkombinat” will be appointed and dismissed from their positions by the supervisory board on the proposal of the SFI Management Group. The company will…
DetailsIn January-July, according to the customs statistics, Russia imported 345.1 thousand tons of polymer-coated steel, up by 34.3% YoY, and by 3.3% from 2015, but much lower than in the previous 5 years. The main supplier was China (62%). The average price was $796.7 per ton. Deliveries went up by 85.4% YoY, and price –…
DetailsIn July, according to the customs statistics, imports of rolled plate from Austria totaled 16.3 thousand tons, up by 24.4% MoM. In June exports dropped by 57%, but May saw the highest monthly result of 30.7 thousand tons since October 2016, when Russia started importing plates from Austria. In January-July Russia imported 146.7 thousand tons…
DetailsBy the end of the year Central Asia Metals intends to have concluded the deal on buying 100% of Lynx Resources Limited, which owns zinc-lead-silver deposits SASA in Macedonia. The deal is estimated at $402.5 million. In H1 SASA yielded 391 thousand tons of ore, producing 10.7 thousand tons of zinc and 14.9 thousand tons…
DetailsKorshunovsky Mining and Processing Works has started supplying iron ore concentrate to the Elgaugol LLC Elga factory. So far the first batch of 190 tons has been shipped. By the end of the year KGOK will have supplied some 1140 tons of concentrate. In 2018 the Elga factory will be receiving 190 tons of concentrate…
DetailsThe Zeyskaya Taiga LLC, which extracts alluvial gold in Amur region, has so far obtained 80 kg of gold, up from its target of 65 kg. According to the company statement, the season is expected to be completed in early October. In 2014 the company yielded 14.3 kg of gold, in 2015 – 32.2 kg,…
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