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There are 12 valid licenses for uranium prospecting and exploration in Kyrgyzstan, website of the State Committee for Industry, Energy and Subsoil Use says. Table of valid licenses says that in total in the country has issued 20 such licenses. However, only 12 are valid. Mineral Explorer holds two licenses for uranium exploration in Panfilov…
DetailsGold mining company Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% YoY, to about $80 million in 2019, the company said. “We remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment program will put us in the…
DetailsIRC Ltd, an iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 9.2% YoY, to 522,875 tons in January-March, but decreased by 6.3% QoQ, the company said. Sales of iron ore concentrate increased by 7.4%, to 527,365 tons. The company sold its products to clients…
DetailsThe board of directors of the Russian integrated steel producer Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.488 rubles per share in dividends for January-March, in line with the managers’ proposals, the company said in a statement. The total sum will amount to $260 million, or 100% of the company’s free cash flow.…
DetailsInvestor Manson Group and administration of Toguz-Toro district will sign an agreement on employee benefits in the near future as a part of a project to resume work at Makmal field, Kyrgyzaltyn OJSC reported. Management of the company has held public hearings in 13 villages together with the investor and head of the Toguz-Toro district…
DetailsThe Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…
DetailsIn January-March, steel output in the world totaled 444.12 million tons, up by 4.48% YoY. According to Worldsteel, China remained the leader with 231.07 million tons of steel produced, up by 9.92%. China’s share totals 52.02%. Ukraine remained on the 13th position with 5.51 million tons of steel produced, up by 4.6%. (Ukrainian metal)
DetailsIn 2018 Pokrovskoye Mine Group, the largest manufacturer of coking coal in Ukraine, received 1.077 billion UAH of net losses as opposed to net profit of 2.008 billion UAH in 2017. Negative EBITDA was 1.336 billion UAH, as opposed to EBITDA of 1.968 billion UAH in 2017. Net income fell by 21.1%, to 7.267 billion…
DetailsRally against development of Tash-Bulak uranium deposit has been held in Balykchi town. About 200 people reportedly participated in the rally. According to their data, the court prohibited activists from marching from Balykchi to Bishkek. They were allowed to hold only the protest. However, activists still claim that they will march to the capital. YurAsia…
DetailsAccording to the agreement between UGMK and the regional authorities, on April 30, Electrozinc will shut down its rotary shop and hydrometallurgical shop that have been operating since December 2018 on unloading the unfinished production. The work to prepare the manufacturing capacities of Electrozinc for shut down has been complete. 23 thousand tons of sulfide…
DetailsIn January-March, consolidated steel output by Evraz enterprises grew by 12.4% QoQ, to 3.5 million tons. The increase has to do with the growth of pig iron output following the capital repairs of the blast furnace No. 3 at Evraz ZSMK last year. Steel sales increased by 8.4%, with semi-finished products sales up by 29%.…
Details13 bodies of miners have been taken to the surface from the Skhidcarbon mine on the territory of the so-called Lugansk People’s Republic, a terrorist organization created and controlled by Russia. 4 more bodies remain lost. On April 25-26, the rescuers brought to the surface bodies of 5 miners, and then at the depth of…
DetailsIn January-March, Zaporozhye Ferro Alloys Plant increased output by 13.6% YoY, to 67.3 thousand tons. In particular, silicomanganese manufacture grew by 18.2%, to 34.23 thousand tons, ferrosilicon – by 12%, to 21.9 thousand tons, and ferromanganese – by 6.6%, to 9.33 thousand tons. At the same time, the output of metallic manganese decreased by 6.6%,…
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