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Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…
DetailsThe revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…
DetailsIn 2016 the Kamchatka Krai registered an increase in precious metals mining. “The precious metals mining is one of the most prosperous mining activities in the region. The active development of the industry allowed us to mine 373 kg of platinum, 6.329 tons of gold and 11.794 tons of silver in 2016”, the regional natural…
DetailsThe Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop. This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole. Investments into the project totaled 61 million rubles. (Ukrainian metal)
DetailsIn 2016 the Federal Cargo Company transported 15.6 million tons of ore, up by 30% YoY. The largest volumes were carried from KMAruda to Tulachermet, and then exported through Russian and Baltic ports. The increase in ore transportation was noted at the Krasnoyarsk (by 146% YoY), Sverdlovsk (by 117%), Zabaikalsk (by 107%), Northern (by 76%),…
DetailsThe ArcelorMittal CIS CEO Paramjit Kahlon has presented new top-managers of ArcelorMittal Temirtau. In particular the team was joined by Ashok Sontalia, the financial director, Vadim Basin, the repairs director, Andrei Berg, the steel department director, Yevgeny Romashin, the coal department director, Maurilio Botelo, Orken LLC director, Anna Adom, HR director, Serik Bekembayev, legal director,…
DetailsIn 2016 industrial output in Donbass (without the Anti-terrorist operation zone) increased by 6%, with December 2016 indexes up by 12.2% YoY and by 3.8% MoM. Mining and quarry industry increased output by 7.8% YoY, metal – by 8.7%, coke – by 15.3%. Coal mining in 2016 went up by 9.3% YoY, to 14.3 million…
DetailsThe minister of energy and coal industry Igor Nasalik has created a working group to check the purchases of equipment by state mines. By January 31, the group will have checked products, services, operations as well as correspondence to the current legislation of purchases of mining equipment valued at 300 million UAH. Directors of coalmining…
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