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Financial Express reported that Bhushan Power and Steel Limited’s highest bidder JSW Steel has informed the National Company Law Appellate Tribunal that it would be impossible for it to implement the resolution plan for BPSL if it has to share profits earned by the insolvent firm during the resolution period with creditors. JSW has also…
DetailsUkrainian steelmakers’ association Ukrmetprom says that payments of royalties from mining iron ore increased almost 5-fold from 2012 to 2018. At the same time, payments of royalties from minerals of state importance, including ore, increased only 1.6-fold, while those from crude oil production 1.1-fold. The Servant of the People Party parliamentary faction proposes a change…
DetailsInterpipe has successfully passed the Tatweer Petroleum pre-qualification and has been added to the list of trusted suppliers of linear pipes to the Bahrain market. Tatweer is developing several deposits, for which it uses large-diameter pipes. Earlier Interpipe could not supply the pipes to the state company, as it was not included in the registry.…
DetailsThe department of the inner market protection of the Eurasian Economic Commission has reported on the results of the investigation, which began on September 4, 2018. In 2015-2017 the volume of consumption of stainless steel hot-deformed seamless pipes on the Union market increased by 62.1%, with imports from China growing 6.9-fold, and during the investigation…
DetailsA new shapemeter has been installed at the line of 100-meter rails non-destructive method in the Evraz ZSMK rail and beam shop. The new equipment measures 9 elements of sections according to GOST. The shapemeter has passed state attestation and tests. (Ukrainian metal)
DetailsAlmalyk Mining and Metallurgical Complex intends to mine up to 74 million tons of copper ore per year at the Yoshlik I deposit. The development of the deposit, situated next to the Kalmakir deposit, started in 2017. Art present the company employs 1330 people and 54 quarry dump trucks there. The first copper ore will…
DetailsSince the start of the year and as of mid-September Magadan region extracted 30.2 tons of gold, up by 23.1% YoY. Ore gold accounted for 17.75 tons, up by 43.8%. Alluvial gold extraction reached 12.44 tons, up by 2%. This year 3.49 tons of alluvial gold more are needed to be extracted. Silver output totaled…
DetailsIn August Korshunovsky Mining and Processing Works increased iron ore concentrate manufacture by 35% YoY, to 254 thousand tons. The concentrate was shipped to Chelyabinsk Iron and Steel Works. Ore mining grew by 11%. In H1 iron ore concentrate output increased by 31% YoY. (Ukrainian metal)
DetailsIn July Russia exported 15.5 thousand tons of aluminum wire, down by 20.8% MoM, but up by 45.8% YoY. Deliveries to Switzerland dropped by 39%, to Belarus by 8% and to Poland by 14%. In January-July exports totaled 95.2 thousand tons, up by 24% YoY. In monetary terms since the start of the year the…
DetailsIn July Russia imported 2.1 thousand tons of aluminum scrap and wastes, down by 32% MoM and by 29.4% YoY. Kazakhstan, USA and Kyrgyzstan have decreased their deliveries by 33%, 31% and 40% respectively. In 7 months imports totaled 16.4 thousand tons, down by 27.8% YoY. In monetary terms since the start of the year…
DetailsMining holds the largest share in the industrial production in Azerbaijan. Mining of precious metals such as gold and silver is increasing in volume. Thus, gold mining amounted to 2,405 kg in January-August, up by 7.2% YoY, the State Statistics Committee stated. In August alone 344.8 kg of gold was mined in Azerbaijan and transferred…
DetailsThe gold-bearing deposit Polyanka, situated in the Nikolayevsk Advanced Development Territory, has been put into operation. NGK Resurs will be mining and processing some 1.5 million tons of gold-bearing ore per year. The resources of the deposit amount to 100 tons of gold. Until 2025 the investor plans to mine 7.7 tons of gold and…
DetailsThe three-month nickel price on the London Metal Exchange was higher during morning trading on Wednesday September 18, edging back above the $17,000-per-tonne resistance level despite moderate turnover, while the rest of the complex consolidated lower. Nickel’s outright price was recently seen at $17,170 per tonne, while trading volumes over the morning were modest at…
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