This year Polymetal intends to start constructing a factory in Krasnoturyinsk to process polymetallic ores in order to extract gold, silver, as well as copper and zinc concentrate. The factory is expected to be commissioned in 2022. Its design capacity will be 450 thousand tons of ore per year. Investments in the project will exceed…Details
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Lvivugol miners have announced a strike and blocked an international highway as a protest to non-payment of salary. The participants of the strike demand the payment of hard-earned money. So far, only media have drawn their attention to the strike. Neither representatives of the enterprise administration nor regional authorities have spoken to them. Wage arrears…Details
Railroad deliveries of limestone in January-May dropped by 8% YoY, to 4.5 million tons. At the same time, in May they grew by 3%, to 1.1 million tons, the largest result since the start of the year. In 5 months deliveries to Donetsk region increased from 30% to 40%. Deliveries to metal companies decreased by…Details
In January-May railroad deliveries of lime grew by 42% YoY, to 180 thousand tons. The first months of the year witnessed the growth of deliveries to metal companies, while chemical enterprises considerably decreased their purchases. The main consumers of lime were ArcelorMittal Kriviy Rih (didn’t buy lime last year), Dneprovsky Iron and Steel Combine (+43%)…Details
Russian Copper Company investments in the development of its mining and metal capacities in Russia and Kazakhstan will exceed $1 billion in 2019, up by 4% YoY. More than $900 million will be invested in Russia, including $652 million in mining. The main investment projects this year will be the construction of the Tominsky Mining…Details
The annual shareholders meeting of Ferrexpo has approved record-high dividends for 2018 – $0.231 per share, up by 40% YoY ($0.165). Shareholders owing 99.73% of shares voted for the final dividends in the amount of $0.06 per share. The meeting also reviewed the company operational report for 2018, with 66.69% voting in favor of it,…Details
Russian aluminum giant RUSAL plans to finance its 2019 capex of $800-900 million with its own funds, CEO Yevgeny Nikitin declared. “Speaking about capital expenditures of the company in general, we forecast them at the level of the last year, I mean, about $800-900 million. Everything will be financed from our own money, we do…Details
The shareholders of the Russian metals giant Norilsk Nickel have approved paying 792.52 rubles per common share, or a total of 125.4 billion rubles, in dividends for 2018. The record date is June 21. The company earlier paid 776.02 rubles per common share, or a total of 122.8 billion rubles, in interim dividends for 2018.…Details
The Kharkiv territorial department of the Antimonopoly Committee of Ukraine has fined Megametalgroup and Donremtechmash for 544 thousand UAH for the breach of the competition legislation by corrupting the results of four tenders held by the state enterprise Selidovugol. The committee has studied four tenders with the total expected cost of 209.77 million YAH. It…Details
Energomashspetsstal has shipped rolls to the Indian company Essar Steel. The total weight of the rolls was 154 tons. The corresponding agreement was signed in 2018. According to the document, EMSS has to produce 12 rolls for hot- and cold-rolling mills with the combined weight of 461.55 tons. The manufacturing cycle of each roll is…Details
Prices of gold and silver decreased in Azerbaijan on June 10 compared to the previous prices. The price of gold dropped by 7.871 manats, to 2,258.059 manats per ounce. The price of silver fell by 0.1359 manats, to 25.1671 manats per ounce. At the same time the price of platinum went up by 1.4535 manats,…Details
Kolmar, Inaglinsky Mining and Processing Works and AVIC will jointly build a processing factory Inaglinskaya-2. The construction will be carried out in two stages. The first stage will be commissioned in 2020, and the second – in 2022. The capacity will reach 12 million tons of coal per year. Over 1 thousand jobs will be…Details
In May, Noviy Put LLC, a part of Susumanzoloto, extracted 15.5 kg of gold, up more than 3-fold YoY. In the first washing month of last year the company extracted 4.1 kg of gold. The company extracts gold in the Yagodinskiy district of the Magadan region at the Shakh, Khatynnakh, Mokhovoy and At-Uryakh deposits. In…Details