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Metinvest has transferred 50% of the Central Mining and Processing Works shares from Metinvest B.V. to Metinvest Management B.V. (both registered in the Netherlands at the same address). The share of Metinvest B.V. decreased from 99.7481% to 49.7481%. At the same time the share of Metinvest Management B.V. increased from 0% to 50%. The press-service…
DetailsIn 2019 Tau-Ken Altyn plans to produce 25 tons of gold. According to the works financial director Zhanar Rakhimova, a part of gold from the Bakyrchik deposits with high arsenic content Polymetal will export to China for processing, and after that return it to Kazakhstan. Some gold with lower arsenic content will be turned into…
DetailsPower generating company RusHydro has postponed a decision on joint construction of the Boguchansky aluminum plant or the Taishetsky aluminum plant with Russian aluminum giant UC RUSAL to April, CEO Nikolai Shulginov told reporters on March 16. “We are making preparations. A meeting of the board of directors has been put off to April 1-10.…
DetailsIn 2017 ArcelorMittal Temirtau intends to increase coal concentrate output by 84% YoY, to 4.722 million tons. In February the Vostochnaya central processing factory started a pilot project on increasing concentrate output. With 210 thousand tons according to the business-plan, the shortest month in the year saw 225.1 thousand tons of concentrate produced. In January…
DetailsThe chairman of the self-proclaimed Donetsk People’s Republic Alexander Zakharchenko has set up a program on partial clearing of the salary debts to miners of the state enterprises Artemugol (Gorlovka) and Ordzhonikidzeugol (Yenakievo). According to Zakharchenko’s order, the so-called ministry of finances will provide 182 million rubles for the cause. Coalmining in Gorlovka stopped in…
DetailsIn 2016 Polymetal produced 1.27 million ounces of gold equivalent, up from its target of 1.26 million ounces. The annual gold output totaled 890 thousand ounces, up by 3% YoY, silver – 29.2 million ounces, down by 9% YoY. The gold output plan is 1.4 million ounces for 2017 and 1.55 million ounces in 2018.…
DetailsThe State Property Fund has announced the sale of the Aluminum Foil Works in Zaporozhye. The starting price is 966.43 million UAH, or 1.16 billion UAH with VAT. The fund accepts all offers by April 3. The company has not been operating since the date of its creation – in 2004. It employs the director,…
DetailsThe Vysochaishy Company intends to get the state support from the Ministry of economical development for the investment projects in the Baikal region. The company wants to get into the list of regional projects participants by submitting an inquiry to the ministry of the economical development of the Irkutsk region. The Vysochaishy project deposits are…
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