Gazprombank plans to sell a 34% stake in the Elga coal project to metals and mining group Mechel for slightly over 30 billion rubles, a source familiar with the situation reported. He also said the deal should be closed by January 20, 2020. On September 30 a spokesman for Mechel said that the company accepted…Details
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Perzhanskaya Ore Company LLC has for the second time entered information on its plans to start mining beryllium at the Perzhanskoye deposit in Zhytomir region in the Environment impact registry. The company states that the total size of the deposit is 402.7 ha, and the expected capacity of the mines is 200 thousand tons of…Details
Volnogorsk Mining and Metallurgical Works has ordered Energy Trade Group LLC the delivery of electrical energy valued at 144 million UAH. In October-December the company has to supply 72 million kW-h of electricity at 2 UAH per kW-h. This is slightly below the August-September price of 2.07 UAH per kW-h. At the same time in…Details
On October 1 after a major overhaul the concentrate factory of the quarry No. 4 resumed operation at Irshansk Mining and Processing Works. New Mineral Technologies (Australia) equipment has been installed at the factory – 8 models of various MG-6 spiral separators (68 pieces) and 24 pieces of HG-10. This will allow increasing ilmenite extraction…Details
In September ArcelorMittal Kriviy Rih received the most VAT – 1.154 billion UAH, up 2-fold MoM (633.737 million UAH). According to the State Treasury Service, the other four largest VAT receivers are Zaporizhstal (864.27 million UAH as opposed to 467.64 million UAH in August), Mariupol Iliych Iron and Steel Works (476.712 million UAH and 678.07…Details
In January-September Uskovskaya mine extracted 2 million tons of coal, including 1.7 million tons from the long face 50-20, and the rest from the face 50-22. When the face 50-22 is developed, the miners will turn to the long face 52-04. Next year the long face 48-8 will be commissioned. This is the fourth mine…Details
Uralelectromed has produced elevator parts to transport people and rock into the mine. The order came from miners developing the Korbalikhinskoye deposit in Altai region. The parts are made of angles with the length of 12 meters and the size of 200×200 mm. So far UEM has produced three batches of parts. Until December the…Details
The physical volume of deals with gold on the Moscow Exchange fell by about 60% YoY, to 11.64 tons in January-September, the exchange said in a statement. Deals with silver more than doubled to 7.334 tons. In monetary terms, gold and silver deals amounted to 29.6 billion rubles, down from 76.1 billion rubles in the…Details
Nikopol Ferroalloy Plant has sued Privatbank demanding 22 million UAH, which have been paid by the company to the National Bank of Ukraine for the amicable agreement. The funds are Privatbank’s debts on refinancing. As the bank previously belonged to Igor Kolomoysky and Gennadiy Bogolyubov, the enterprises, affiliated with it, acted as bails. When the…Details
In July Russia exported 254.7 tons of tungsten ore and concentrate, down by 17.8% MoM, but up by 146.7% YoY. Deliveries to Austria remained unchanged at 60 tons, but to Korea dropped by 32%, to 126 tons. In 7 months exports totaled 1.2 thousand tons, up by 79.5% YoY. In monetary terms since the start…Details
Evraz KGOK has put a new NP-1 locomotive in operation. Until the end of the year another similar locomotive will be commissioned. The machines will be used both at the operating quarries and in the development of the new Sobstvenno-Kachkanarsky deposit of titanium-magnetite ores. The locomotive with two engine dump-cars can drag 11 loaded dump-cars…Details
Sberbank Leasing will lease special machinery to the international gold-extracting company Nordgold. Under the agreements, the company will finance the purchase of HD 785-7 quarry dump trucks and Komatsu PC2000BH-8 excavators. The machines will be supplied by Sumitek International LLC. The special machinery is needed to develop the Gross mine, the main Nordgold asset in…Details
In September RZD throughput totaled 106 million tons, down from 109 million tons in August and 108 million tons in July, as well as down by 1% YoY. In 9 months throughput decreased by 0.9%, to 956.6 million tons. Iron and manganese ores accounted for 89.2 million tons, up by 3.2% YoY. Transportation of ferrous…Details