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The supervisory board of Ogneupornerud, controlled by the System Capital Management through its daughter company UMG, has fired the company director Evgeny Tsimarman. The decision on resignation was taken on June 26. Tsimarman’s office expired on June 30. The vacant position of the CEO has been taken by the chief engineer of Druzhkovka Mine Group,…
DetailsAn accident happened at the seized Donetsk Iron and Steel Works. The pig iron has destroyed the tap hole and spilled on the rails in the foundry shop. There were no casualties. The tap mass, used to cover the hole after pig iron manufacture, each two hours, has not been supplied to the works since…
DetailsAnglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, targets to produce up to 72,000 gold equivalent ounces in 2017, said the company’s CEO Reza Vaziri at an annual meeting. These excellent financial and production results reflect the ongoing success of the AAM’s long-term plan of sustainability and cost reduction,…
DetailsAfter the strike of workers, the processing plant Ak-Tyuz has been launched, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. The plant works, but the employees have not been paid yet. Workers are ready to wait until July 10. If they don’t get their money, manufacture…
DetailsPrime Minister Sooronbai Jeenbekov got acquainted with the possibility of developing a gold deposit in the section “Kyldoo” in Toguz-Torou district of Jalal-Abad region near the State Natural Park “Saimaluu-Tash”, the information department of the government reported. According to it, the need for gold mining in the mine arose in connection with the depletion of…
DetailsThe volume of Russian gold producer Polyus’ secondary public offering (SPO) amounted to $879 million taking into account the option of oversubscription or $799 million without this option, the company said in a statement. Polyus said earlier its board of directors set the SPO price at $66.5 per share. Around 9% of the company’s shares…
DetailsThe import of coal from USA will ultimately destroy Ukrainian industry because of the high tariffs on electricity manufacture. “The increase of coal price will affect tariffs for industry, not to worsen the social tension, which is high anyway. All of us will be affected indirectly, as the prices will rise”, the energy expert Valentin…
DetailsInterpipe was among the companies, hit by the cyber attack on June 27. According to the company statement, at present the manufacturing and shipping processes operate in normal mode. “Some non-critical IT-services have been damaged, in particular postal client. As of early June 29 some of them have been restored”, the company said. Because of…
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