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The miners of the Magadan region produced 40.23 tons of gold in January-October, setting a record since 1979, the regional government said. “Gold miners of the region produced 40.23 tons of gold as of November 1, up by 7 tons YoY,” the authority said. Alluvial gold output amounted to 17.36 tons as of November 1.…
DetailsLaw enforcers have searched steel plant Amurstal, owned by Torex Group’s subsidiary Torex-Khabarovsk, a spokesperson for the plant reported. A source in the law enforcement authorities of the Khabarovsk region said that investigative activities were held at the Torex offices in the region without disclosing the reason for searches. “The law enforcers were actually here…
DetailsOMZ-Spetsstal has produced 16 bottoms of reservoirs for the system of the passive watering of the active zone for the second power unit of the Akkuya Nuclear Power Plant in Turkey. The products were manufactured under the order from the Izhorskiye Zavody. The bottoms are produced by ways of stamping. The bottoms have already been…
DetailsKAZ Minerals has signed an agreement with Caterpillar Financial Services (UK) Limited on the loan of $100 million. Caterpillar is the main supplier of mining machinery to KAZ Minerals mines – Bozshakol and Aktogay. The new loan line consists of two sub-lines of $40 million and $60 million. KAZ Minerals has pledged Caterpillar machinery (both…
DetailsBlack Iron has reached an agreement with the government of Ukraine to receive a land plot for the construction of a new mining and processing works near Krivoy Rog. A corresponding memorandum of understanding has been signed with the Ministry of Defense. The ministry agreed to provide the Canadian company with 1236 ha of lands…
DetailsIn January-October Krivoy Rog Iron Ore Industrial Complex decreased ore output by 9% YoY, to 3.65 million tons. In October the enterprise manufactured 370 thousand tons. In 2018 KZhRK decreased output by 9.7% YoY, to 4.6 million tons. In spring the Octyabrskaya miners went on a strike, and as a result, the management recalculated their…
DetailsEnergomashspetsstal is busy producing supporting rolls for Essar Steel. Another batch was shipped in October. The weight totaled 73 tons. This was the third batch of rolls supplied to Essar Steel this year. So far 9 rolls have been shipped to India. Two more supporting rolls will be delivered until the end of the year.…
DetailsSeverin Development will carry out the Malmyzh deposit financial and technical audit for the Russian Copper Company. The availability of the professionally done technical expertise will allow attracting long-term financing to the project and control the usage of loan funds. RCC intends to construct a processing works with the capacity of 56 million tons of…
DetailsOn November 18 Trubodetal, a part of OMK, celebrated its 70th anniversary. The company is one of the largest manufacturers of metal products for the construction of fuel and energy as well as power industries objects. Trubodetal has supplied metal for the construction of the Druzhba, Bovanenkovo – Ukhta, Sila Sibiri, Blue Stream pipelines, etc.…
DetailsAggregate investment in a joint venture (JV) between metals companies Norilsk Nickel and Russian Platinum is estimated at $15 billion, Russian Platinum CEO Musa Bazhayev told president Vladimir Putin. Bazhayev also said that the platinum group metals reserves of the joint venture, which was at a final stage of establishment, would amount to 4,500 tons,…
DetailsIn January-September the Belebey Works Avtonormal received 51.7 million rubles of net profit, up 9-fold YoY. The company is mastering manufacture of new production techniques as well as applying protective coating and developing new fastener structures. Revenue dropped by 2.4%. (Ukrainian metal)
DetailsIn January-September Nordgold extracted 759.6 thousand ounces of gold, up by 12% YoY. The increase is mostly due to the commission of the Gross mine last year, which has extracted 191.9 thousand ounces, as well as the output growth at the Berezitoviy mine by 8%, to 44.3 thousand ounces. At the same time, the Bissa…
DetailsThe Vostochnaya GRE Group of Companies has finished the season having extracted 520 kg of alluvial gold, up by 27% YoY. The extraction was carried out by two daughter companies – Korolevskoye LLC and Yablonevoye LLC. This year they were operating at two sites. The season started in mid-May. The group reserves are estimated at…
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