The Arbitrary court of the Krasnodar region has started a bankruptcy procedure at the Krasnodar Metal Structures Works. The case was initiated by SBK-Retail claiming the recovery of 1.4 billion rubles. In 2011 KZMK borrowed 1.2 billion rubles from Sberbank to finance modernization. Later the bank sold its rights to SBK-Retail. In 2017 KZMK revenue…Details
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Mining company Darkhan LLC has completed the stage of the pilot operation of the Kirchen deposit in Zabaikalye district. Soon the company will reach design capacity. The Kirchen factory will annually process at least 340 thousand tons of ore and produce some 600-650 kg of gold. 350 jobs will be created. This year 30 million…Details
Government of Kyrgyzstan asks for permission to process uranium at Kara-Balta Mining Combine, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev said at a meeting of the Committee on Fuel, Energy Complex and Subsoil Use of the Parliament. He stressed that the Cabinet had passed a resolution banning development of uranium in the country. “Thorium was…Details
Government of Kyrgyzstan asks members of the Parliament to hold hearings on Kumtor without participation of the media. Chairman of the Committee on Fuel, Energy Complex and Subsoil Use of the Parliament Kozhobek Ryspaev announced at its meeting. MPs supported the proposal of the Cabinet. The Prime Minister Mukhammedkaly Abylgaziev will personally inform MPs on…Details
An enterprise to process ore containing rare and non-ferrous metals is expected to be constructed. A corresponding memorandum has been signed between the Ministry of industry and new techniques and Resource Company Tibet-Everest LLC (created by the Tajik-Chinese Mining Company). When the enterprise is commissioned the ore processing at the company will grow 2.4-fold, from…Details
According to the State Statistics Committee, in January-May Uzbekistan mined 1239.2 thousand tons of coal, down by 15.3% YoY. The decrease in coal mining is accompanied by the rapid price growth. Compared with May 2018, the price has increased 1.7-fold. The need in investments in coal industry is estimated at $420 million. (Ukrainian metal)Details
Since the start of the year Polyus Aldan has obtained 3 tons of gold. Last year the result was reached several weeks later – on July 12. Polyus Aldan is developing 11 gold deposits on the territory of the Kuranakh ore field in the Republic of Sakha (Yakutia). (Ukrainian metal)Details
Mechel-Service LLC has supplied 1.8 thousand tons of rolled metal for the construction of the high-speed motorway M-11 Moscow – St. Petersburg sites 7 and 8. Alloyed rebars and welded mesh is used in the construction of bridges, traffic intersections and other road infrastructure in Leningrad and Novgorod regions. The rolled metal is produced at…Details
Russky Ugol is modernizing the mining and transport fleet at its enterprises. Recently a Komatsu RS-400 has been put into operation at the Sayano-Partizansky pit in Krasnoyarsk region. Earlier this year the pit has received 2 BelAZ-7555V dump trucks, a crawler-mounted Chetra T-35.01 bulldozer and a Hitachi ZW310-5A forklift truck. The modernization of the machines…Details
This year Ormet will buy four new dump trucks, a truck crane, forklift truck as well as crawler-mounted and wheeled excavators. Investments will reach 76 million rubles. The company has already received 4 dump trucks and a dump-trailer. The new special machines will allow decreasing environment impact. (Ukrainian metal)Details
MMK – Lysva Iron and Steel Works LLC has successfully passed a supervisory audit of the quality management system for compliance with the ISO 9001:2015 and the IATF 16949:2016. The audit has been carried by UTAC. “The MMK-LMZ QMS is operating efficiently and is demonstrating stable improvement”, the UTAC expect Oleg Marchenkov stated. (Ukrainian metal)Details
Donetskstal has become a full member in the European Coal Association EURACOAL. The decision has been made at the association meeting in Krakow. According to the company CEO Ildar Saleyev, this will enable Donetskstal to get expert support when switching to European standards, start exchanging experience with EU colleagues and get access to technological expertise…Details
In January-May Ukrzaliznytsia transported 29.8 million tons of iron and manganese ores, up by 5.7% YoY. According to the State Statistics Service, metal cargo transportation grew by 2.2%, to 43.1 million tons. Scrap transportation fell by 13.9%, to 1.1 million tons. Ukrzaliznytsia has also decreased ferrous metals transportation by 2.5%, to 8.5 million tons, and…Details