Ukraine: Firtas’ titanium business working positive in 2016

In 2016 the two mining and processing works of Group DF (Mezhdurechensky GOK and Valki-Ilmenit) produced 170.2 thousand tons of 42% ilmenite concentrate (Ti2o). The maximum capacity of Mezhdurechensky GOK is 200 thousand tons of ilmenite concentrate per year, that of Valki-Ilmenit – 65 thousand tons. Group DF investments into the development of the two…

Details

Ukraine: shareholders of Severniy GOK to pay dividends for 2014 and previous years

Shareholders of the private joint-stock company Severniy Mining and Processing Works, a part of Metinvest Group, have sent UAH 11.546 billion to pay dividends for 2014 and previous years. “At a general meeting of shareholders on January 30, it was decided to pay dividends implementing the draft decision,” the company reported. Some UA 1.545 billion…

Details

Russia: Polymetal buys out Tarutinskoye Copper

Polymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…

Details

Ukraine: Metinvest to invest over UAH 7 billion in the development of Kriviy Rih GOKs

In 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…

Details

Ukraine: AMKR thanking PM

ArcelorMittal Kriviy Rih achieved stable output in 2016 and is looking forward to further improve its performance in 2017. “ArcelorMittal Group remains committed to modernizing its operations and expanding its business in Ukraine – with plans to invest $375-400 million this year (capital and operational investments), we will help create directly and indirectly over 30,000…

Details

Kazakhstan: raw zinc output up in 2016

In 2016 Kazakhstan produced 325.5 thousand tons of raw zinc, up by 0.5% YoY. The local demand increased by one third, to 38.7 thousand tons, while exports dropped by 3.2% YoY, to 259.4 thousand tons. The East-Kazakhstan region yielded the most of raw zinc – 325.4 thousand tons. Karaganda region produced 66 tons. The Kazakh…

Details