In January-March, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. The GOK fixed liabilities decreased from 352.6 million rubles to 337.8 million rubles, while short-term liabilities grew from 2.047 billion rubles to 2.053 billion rubles. Gross profit increased 18.5-fold, to 1.572…
DetailsGold and silver prices increased in Azerbaijan on April 22 compared to the prices on April 19. The price of gold grew by 5.9075 manats, to 2,175.048 manats per ounce. The price of silver went up by 0.0649 manats, to 25.5949 manats per ounce. The price of platinum increased by 6.511 manats, to 1,541.679 manats.…
DetailsHead of the State Committee for Industry, Energy and Subsoil Use, Emil Osmonbetov, suggested residents of Ton district of Issyk-Kul region of Kyrgyzstan to join the commission that would work at the uranium deposit. He stated this at a meeting with the villagers. Last weekend, an on-site meeting of members of the interdepartmental commission to…
DetailsCollecting of signatures under a petition, demanding to ban development of Tash-Bulak uranium deposit in Issyk-Kul region of Kyrgyzstan, started on social networking sites. The author of the petition is some Alena Khromenko. She invites everyone to sign the petition on a special site. As of today, 7,495 people have signed the petition with the…
DetailsCivil activists have held a flash mob “We are against uranium” near the monument to Urkuya Salieva in Bishkek. Organizer of the event was Ak-Zhol Ytymagi Public Foundation. Director of the foundation told reporters that he did not trust the company that wanted to develop Tash-Bulak uranium deposit in Issyk-Kul region. The activist demanded from…
DetailsGerman company Aurum Deutschland AG will build a mining and metallurgical plant in the Kordai district of the Zhambyl region. The major construction project was discussed at a meeting of Zhambyl regional administration with representatives of German business. The idea of the project arose after Nursultan Nazarbayev urged German investors to invest in Kazakhstani projects…
DetailsThe price of one ounce of gold decreased by 22.831 manats or by 1.04% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,176.0646 manats. The price of one ounce of silver increased by 0.0832 manats or by 0.3%, to 25.4735 manats. The price of one ounce of platinum…
DetailsBelarus will resume negotiations with Sudan on the second site for gold extraction after the situation in the country is stabilized, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared. The second site has been chosen but conditions for using it have not been totally agreed upon. “We will definitely keep an eye on…
DetailsIn January-March, Kremenchuk Steel Works produced 4292 tons of casting, down by 27.7% YoY.
Moreover, the plant is forced to fire over 500 employees in March-April.
This is done in order to bring the number of employees to the order volume and the debt to Ukrzaliznytsia. (Ukrainian metal)
SANY cutter-loader machinery has been tested at the Capitalnaya mine of the Mirnogradugol state enterprise. According to the chairman of the Donetsk regional military-civilian administration Alexander Kuts, the state will finance the creation of four more long faces to develop the mine. The cost of the machinery is 208.6 million UAH. The financing comes from…
DetailsThe volume of transportation of mining and metallurgical cargo via the Dnepr River could grow 2-fold, to 2.5 million tons. But so far the depth of the river does not correspond to the sizes of ships necessary to transport such cargo. At present the ships with the capacity of 6 thousand tons are operating at…
DetailsFrom now on DCH Steel Management will manage the operation of both Sukhaya Balka and Dneprovsky Iron and Steel Works. Still, this is not enough to make a full vertically integrated mining and metallurgical group. Coal mining and ore processing are the group’s weak links. In 5 years DCH intends to invest $150-200 million in…
DetailsRZD International LLC under the project to construct and repair railroads in Serbia will buy metal structures valued at more than $5.8 million from Voronezhstalmost. The viaducts to be constructed and repaired are situated on the Stara Pazova – Novi Sad site on the Belgrad – Stara Pazova – Novi Sad – Subotitsa – state…
DetailsTOREX, owner of Amurstal in Komsomolsk-on-Amur, hopes to get a subsidy from the federal budget. The Ministry of industry and trade intends to provide major enterprises with support. The company plans to spend money to clear interest rate on loans, thus decreasing them by 4.5%. At present the ministry is choosing companies to participate in…
DetailsIn 2018 Kurilgeo LLC gold output grew by 37% YoY, to 1.325 tons, and silver – 9%, to 3.8565 tons. Ore mining increased by 28%, to 760 thousand tons. Revenue went up by 46%, to 3.452 billion rubles. Net profit amounted to 447.8 billion rubles, up by 75.8%. Ainskoye deposit, developed by the company, has…
DetailsKarelsky Okatysh is preparing to put into operation three new Caterpillar 777E dump trucks with the lifting capacity of 90 tons. 7 such machines are already operating at the quarries and have proven their efficiency. “Small dump trucks have a number of advantages. They are universal thanks to their compact size. Where the 220-ton machines…
DetailsRUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…
DetailsGold output of Khabarovsk region hit a historical record of 24.8 tons in 2018, the regional government said. “In 2018, production of gold grew by 7%, to 24.8 tons. This was an absolute historical record for the region. A company producing tin metal also showed good results, its amount of production grew by 50%, to…
DetailsMetinvest was the first among Ukrainian companies to get a Vision Zero certificate. According to the group statement, it is operating based on the principles of sustainable development. One of the most important directions of the company is the labor safety and employee health protection. At present the group is implementing a couple of investment…
DetailsAt the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the company’s free cash flow according to NLMK Group’s consolidated statements prepared in accordance with IFRS. Considering the previously paid interim dividends, the amount outstanding to be paid…
DetailsAt the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders voted to confirm Grigory Fedorishin as the group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were elected: Vladimir…
DetailsLocal workers at Altynken held a strike demanding to increase their wages. The information was confirmed by the First Deputy Director of the company Turusbek Akmatov. At least 5-6 people did not come to lunch a day before in protest against the fact that their wages were not increased. Some other people held a rally…
DetailsThe Antimonopoly Committee of Ukraine has allowed Metinvest to buy over 50% shares of Dneprovsky By-Product Coke Plant. In particular, the AMKU decision says that Private Limited Liability Company Metinvest BV, the Netherlands, has been granted the right to purchase shares of the Dneprovsky Coke Plant, as a result of which the share of the…
DetailsThe mining and metallurgical complex of Ukraine expects no critical consequences from the new limitations of coal supplies to Ukraine, as well as imports of some metal products, including pipes. According to Ukrkoks CEO Anatoliy Starovoyt, limitations cover power-generating coal in the first place, and not coking coal. “So we see no special problem here.…
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