The Ural Aluminum Works has commissioned a modernized manufacture. The decomposition substitutive module will increase alumina output by 130 thousand tons per year, to 900 thousand tons. Investments in the construction, which began in 2014, totaled some 640 million rubles. At the same time, the works intends to reach the capacity of 1 million tons…
DetailsNLMK Group has topped the “Leader in Procurement Process Digitalization” nomination of the “Competitive Procurement Leader” Award. The Award Ceremony was held in Moscow at the Russian “Corporate Procurement 2018” Summit. The jury applauded NLMK Group’s achievements in the digitalization of procurement. Currently over 90% of tender procedures of the company are done through e-tendering…
DetailsThe delegation of the Federal Republic of Germany has visited PJSC ArcelorMittal Kriviy Rih, the biggest mining and metallurgical company of Ukraine. The visit took place on October 26 as a part of business visit to Ukraine of the representatives of German industrial companies united by non-government organization German Eastern Business Association. At the plant…
DetailsChaarat Gold Holdings Limited made a proposal for the all-cash acquisition of the whole of Centerra at a premium of not less than 35% above Centerra’s prevailing share price, statement of Chaarat Gold says. The proposed price amounted to 2 billion Canadian dollars (about $1.52 billion.) As the company said, “the ultimate objective of this…
DetailsIn January-September Metinvest kept the iron ore concentrate output unchanged YoY, at 20.54 million tons. Pellets manufacture increased by 32%, to 5.754 million tons, while saleable concentrate output dropped by 18%, to 5.671 million tons. In Q3 the manufacture of iron ore concentrate decreased by 7% QoQ, to 6.554 million tons because of the drop…
DetailsCenterra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date was extended until January 31, 2019, statement of…
DetailsBrazil is eager to continue supplying Kazakh uranium ore concentrate, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Brazil Kairat Sarzhanov said at a briefing in Astana on October 31. He reminded that the list of products exported from Kazakhstan to Brazil had been updated and now included uranium ore concentrate. In April Kazatomprom won a…
DetailsThe Prime Minister of Ukraine Vladimir Groysman has reacted to the address of the Lugansk regional state administration and called a meeting on problem issues of coal industry and the clearing of salary debts to miners. Deputy chairman of the regional administration Yuri Klimenko reported on the situation at the Mine named after Kapustin, where…
DetailsYurga Machine-Building Works LLC and the Yubileynaya Mine LLC have signed an agreement on the delivery of 50 sections of mechanized anchoring. The first batch of 10 pieces the mine will receive in March 2019. The company has created a special type of anchoring for the mine. It does not look different from older models,…
DetailsIn July-September Metalloinvest increased pellets output by 2.4%, to 7.1 million tons, mostly because of the change in the schedule of repairs at LGOK. In January-September the group produced 20.8 million tons of pellets, up by 11.8% YoY. Metalloinvest also produced 10 million tons of iron ore in Q3, down by 1.3% QoQ, and 30…
DetailsIn January-September Metinvest increased steel output by 3% YoY, to 5.597 million tons. Steel manufacture in Q3 dropped by 8% QoQ, to 1.803 million tons, mostly because of the decrease at Azovstal by 171 thousand tons due to the shut down of converters Nos. 1 and 2 for scheduled repairs, which lasted for 7 and…
DetailsKyrgyzaltyn OJSC commented on speculations about possible sale of Centerra Gold’s shares and Kumtor project to a Chinese company Shadong Gold. Kyrgyzaltyn sent a request to the Canadian investors to clarify the information. They replied that since Centerra Gold was a public company, it could receive various offers from third parties, including Chinese investors, about…
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