Uzbekistan: AMMC to channel $420 million towards development of “Yoshlik II” deposit

The President of the Republic of Uzbekistan signed a decree “On additional measures on further development of JSC “Almalyk MMC”. The document was adopted in order to accelerate the sustainable development of production facilities of JSC “Almalyk MMC”, expanding the raw material base of the plant, attracting the advanced technologies in the development of deposits…


Russia: Amurmetal makes 30,000 tons of steel

The Amurmetal plant, the only metallurgical facility in Russia’s Far East, resumed operations in late July after a 6-month shutdown to produce 30,000 tons of steel, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area. “Torex bought the facility in late January to become…


Tajikistan: TALCO output up amid world prices rise

Tajikistan Aluminum Company is increasing primary aluminum output, the country main export product. According to the company representatives, the output increase is spurred by the world prices growth. “We have both resources and ability to increase output and reach the annual target by year-end”, TALCO information-analytical department director Igor Satarov said. This year the company…


Russia: Lermontovsky GOK not to go bankrupt but to remain idle

Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy.

According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled.

Still, until September most of the employees will not be working. (Ukrainian metal)

Russia: ChTPZ earnings up in H1 2017

In January-June ChTPZ Group received 72.566 billion rubles, up by 6% YoY. Gross profit decreased by 21%, to 17.297 billion rubles, EBITDA – 11.001 billion rubles. In H1 the group profits totaled 2.101 billion rubles (5.81 billion rubles in H1 2016). In January the group was able to refinance its consortium loan of 75.689 billion…


Russia: new cold-rolled sheet standard to be implemented in 2018

According to the Federal Agency on technical regulation and metrology (Rosstandart), the GOST R 52146-2003 “The cold-rolled sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has been terminated, and a new standard GOST 34180-2017 “Cold-rolled steel sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has…


Ukraine: VostGOK miners on strike

On August 16, Vostochniy Mining and Processing Works uranium miners went on a strike. The ore mining and salary payment were stopped three months ago because of the expiry of the license to use subsoil resources. The company received the license 20 years ago and now it has expired. But the State Service on geology…


Russia: Rosgeo starts exploration for gold and copper at new Khabarovsk field

Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika.

According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)

Uzbekistan: AGMK saves 6892 million soums worth of fuel in July 2017

In July Almalyk Mining and Processing Works saved 6892.482 million soums worth of fuel and energy resources. In particular the company decreased electricity consumption by 13.2%, or by 29842.9 thousand kW-h, valued at 5898.5 million soums. The cement shop decreased electricity consumption by 30%, lime shop by 25.3%, Angren ore group by 21.6%. Natural gas…