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Azerbaijan: Anglo Asian Mining forecasts $100 million in revenue

Revenues of UK’s Anglo Asian Mining company that operates Azerbaijan’s gold mining fields is projected at $100,000,000, the company’s CEO Reza Vaziri has said, while disclosing the company’s revenue and production guidance for 2020. “We expect that the company’s revenue in 2020 will increase significantly and exceed $100 million at current prices for precious metals.…


Russia: ChelZinc to invest 4.6 billion rubles in environment protection

In 2020-2024 Chelyabinsk Zinc Works will invest 4.6 billion rubles in environment protection. According to the company CEO Pavel Izbrecht, in 2021 a concentrate warehouse No. 2 will be constructed, which will enable decreasing pollution – dust emission when loading concentrate. In 2022 the company will construct a site to purify gases, decreasing pollution 2-fold.…


Russia: NLMK Group launches new startup portal

NLMK Group has launched NLMK.lab, a new internet platform, designed to attract partners for joint innovation projects. This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group’s production sites around the world. NLMK offers its…


Russia: Metalloinvest to invest 1.7 billion rubles in Belgorod region development

Metalloinvest has signed a program of social and economic partnership with the government of Belgorod region for 2020. The volume of the program will exceed 8.55 billion rubles, and Metalloinvest will contribute 1.7 billion rubles. Metalloinvest is the city-forming company of Starooskol and Gubkinskaya agglomerations, accounting for a third of the region population. The money…


Russia: Trubodetal confirms API certificate

Trubodetal has successfully passed its second annual supervisory audit by the American Petroleum Institute, API. Following the inspection the company has confirmed the correspondence of its quality management system to ISO 9001:2015 and the new edition of API Spec Q1 Edition 9, which sets additional requirements to oil and gas industry enterprises. The inspection has…