Gold producer Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to invest more than $360 million over the next 15 years in development of the Lefa mine in the Republic of Guinea. “Nordgold is pleased to announce that a new mining permit will be effective starting from March 21. The new permit as well…
DetailsIn 2018, demand for steel continued to recover, coupled with a rise in protectionism in key markets. “In this context, NLMK Group’s flexible business model that helped it secure its presence in key sales markets, enabled the company to grow its sales by 7% YoY, or by 1.1 million tons, to 17.6 million tons, hitting…
DetailsResidents of Akolon village in Ton district of Issyk-Kul region oppose development of Tash-Bulak uranium deposit, local activist Akzholtoi Tukunov reported. According to him, the villagers intend to hold a rally against the development of the uranium deposit. “Villagers are concerned about the health, the future of our children, since we do not know how…
DetailsThe project to develop Ozernoye lead-zinc deposit in the Republic of Buryatia has been presented to the president representative in the Far East District, Yuri Trutnev, in order to receive state support. The license from December 2018 is owned by Ozernoye LLC. The deposit is one of the 10 largest zinc deposits in the world.…
DetailsIn 2018 Vostsibugol, developing coal deposits in Irkutsk and Krasnoyarsk region, mined 15.5 million tons of coal, up by 12.3% YoY. The output at Cheremkhovsky pit was 4.6 million tons, up by 22%. Tulunugol pit yielded 7.5 million tons, up by 10%. Coal extraction at Zheronsky pit grew by 19%, to 861 thousand tons. 2.6…
DetailsIn 2018 GRK Darkhan LLC, developing the Kirchenovskoye deposit in Zabaikalye, sold 327.3 kg of gold and 17 tons of silver, up 1.9-fold and 2.5-fold YoY respectively. The increase is due to the growth of ore processing. While in 2017 Darkhan processed 83 thousand tons of ore, in 2018 it processed 303.1 thousand tons. Revenue…
DetailsIn January Tulachermet set a new record on monthly pig iron output operating just two blast furnaces. Last month the company produced 216.768 thousand tons of pig iron, having exceeded the target by 8.768 thousand tons. The previous record was set in December 2018 – 215.24 thousand tons. Tulachermet has been steadily increasing pig iron…
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