Kyrgyzstan: agreement of Centerra with government to attract new investors

“The less conflict fields, the better the dialogue, the sooner the positive investment climate in the country is formed and it becomes more attractive for foreign partners,” head of the Association of Markets, Service and Trade Enterprises Sergei Ponomarev said, commenting on the agreements reached between the Kyrgyz government and Centerra. “All major world investors,…

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Russia: MMK mining and processing turns 86

The mining and processing complex of Magnitogorsk Iron and Steel Works comprises of a mine shop, an ore-dressing factory, a sinter shop, a grinding-kilning shop and the sinter charge preparation shop. For the past several years the shop has undergone a massive reconstruction. In particular, the company has reconstructed the sulfur-exhaust machine, which allowed increasing…

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Russia: Norilsk Nickel to decide on participation in Baimsky project 2017

Mining and metallurgic company Norilsk Nickel plans to make a final decision on its participation in development of the Baimskoye field in Russia’s northernmost Chukotka Autonomous District until the end of 2017, Vice President Yelena Bezdenezhnykh reported on the sidelines of the Eastern Economic Forum on September 6. “We have been evaluating the potential of…

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Ukraine: ferrous metals export-import in January-August 2017

In January-August Ukraine increased ferrous metals export revenue by 16.2% YoY, to $5.48 billion. According to the State Fiscal Service, ferrous metals accounted for 19.93% of the total exports, down from 20.76% in January-August 2016. In August Ukraine exported $732.55 million worth of ferrous metals, up from $667.7 million in July. In 8 months Ukraine…

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Russia: Rashnikov sells 3% in MMK

Mintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…

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Ukraine lacking gas coal

The minister of energy and coal industry Igor Nasalik says Ukraine is experiencing the shortage of gas coal to replace anthracite. In 2017 anthracite consumption dropped by 3.5 million tons and is expected to decrease by 3 million tons more in 2018. Nasalik has addressed the Ministry of finances to provide funds for investments into…

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Ukraine: Zaporizhstal remechanizing loco fleet

Zaporizhstal is implementing the project on remechanization of its diesel-locomotive shunters. According to the company statement, this will improve the lifetime of its fleet comprising 80 locomotives. In August the works carried out a pilot project. Investments totaled 8 million UAH. The modernization of the locomotive has been carried out by Nikolayev Locomotive-Repair Plant. Modernization…

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