Zaporozhye Iron Ore Complex has increased wages from April 1, by 15% on average. In Q1, two mines of the enterprise extracted 1.123 million tons of iron ore, up by 1% from the target, and sold 1.242 million tons, up by 7.8%. In March, ZZhRK mined 384.7 thousand tons of ore, up by 1% from…Details
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Shareholders of Makeevkoks, situated on the Ukraine-uncontrolled territory, refreshed the supervisory board, by removing two of its members, as well as changing the auditor. The decisions were taken at the shareholders’ meeting on April 18. In particular, the shareholders have re-elected Igor Nadych and Olga Vinogorodskaya as members of the supervisory board for three years,…Details
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…Details
Gold 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.…Details
Head 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…Details
Collecting 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…Details
Civil 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…Details
German 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…Details
The 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…Details
Belarus 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…Details
In 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)Details
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…Details