Russia: KSGOK produces 180 thousand tons of iron ore concentrate in January 2018

In January Kimkano-Sutarsky Mining and Processing Works LLC produced 180 thousand tons of iron ore concentrate. Last year the company produced 2 million tons of iron ore concentrate and this year expects to increase output to 3.2 million tons. KSGOK is a part of IRC ltd. It was created on the basis of Kimkanskoye and…

Details

Russia: Norilsk Nickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…

Details

Russia: NLMK Board approves CEO candidate

At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…

Details

Russia: gold output up in 2017

Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…

Details

Armenia: investments in metal deposits at $235 million in 2017

In 2017 companies developing metallic deposits invested $235 million in the operation.

In the next 3 years some 3 billion drams more will be invested in the field.

Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)

Russia: MMK-Metiz to increase minimal salary

MMK-Metiz is going to increase the size of the minimal salary.

As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%.

The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)