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Kyrgyzaltyn 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…
DetailsTechnological equipment of the Italian company Danieli will be used for the production of cold-rolled steel with protective coatings at the Tashkent Metallurgical Plant (TMP), the Uzbek company reported. According to the information, the total production of the enterprise will amount to 500,000 tons of metal products per year, of which 200,000 tons will account…
DetailsPJSC ArcelorMittal Kriviy Rih has run an open international competition on professional skills of drivers. Seven teams took part in the competition. There were teams of Zaporizhstal, Poltava Mining Complex, Kryvbass Belaz Service JV, and teams of Ukrainian and Kazakhstan Companies of ArcelorMittal Group. PJSC ArcelorMittal Kriviy Rih has been running such competitions for drivers…
DetailsIn January-September Ferrexpo invested over 2.4 billion UAH ($90.1 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 1719 million UAH, while EGOK and BGOK – 710.3 million UAH. The main capital expenditures at PGOK were the maintenance of the current manufacture at 568 million UAH ($21.1…
DetailsIn January-September Primorye region produced 1748 tons of tungsten concentrate, up by 33% YoY. Two enterprises are mining for the concentrate in the region – Primorsky Mining and Processing Works and Lermontovsky GOK LLC. Primorsky GOK produced 1513 tons of tungsten concentrate and Lermontovsky GOK – 235 tons. Primorsky GOK also produced 366 tons of…
DetailsThe railroad shop of Uralelectromed has received 100 cathode trolleys with the lifting capacity of 8 tons each. The shop has also purchased 50 anode trolleys of the new design to transport heavy copper anodes (the weight of an anode is 396 kg). “The new trolleys will allow us optimizing transportation of anodes and cathodes…
DetailsSeverstal has concluded contracts for the manufacture of metal structures for the blast furnace jacket and the delivery of refractory materials and the cooling system under the project to construct the blast furnace No. 3 at Cherepovets Iron and Steel Works. The jacket will be produced by Vitkovice (the Czech Republic). Refractory materials will be…
DetailsThe drop-hammer shop of the Volgograd Iron and Steel Works has finished the modernization of automobile scales. The modernization has been carried out in 3 months, according to the schedule. At the first stage the logistics specialists have determined the best place for the weighing complex. Then the constructors started preparing the site. The lifting…
DetailsIn January-September Ukraine mined 24.849 million tons of coal, down by 5.1% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 11.8%, to 4.463 million tons, and of power-generating coal by 3.5%, to 20.385 million tons. In September coal output grew by 8.3% YoY, to 2.781 million tons. The…
DetailsIn January-September Norilsk Nickel received 146.38 billion rubles of net profit as calculated under the Russian standards, up by 49.8% YoY. According to the group statement, its revenue increased by 45.6%, to 447.53 billion rubles, gross profit amounted to 279.52 billion rubles, up by 57.5%, and sales profit went up by 63.1%, to 249.35 billion…
DetailsThe Subsoil Use Licensing Commission denied Alliance Altyn’s application for obtaining permission to pledge a license for development of Jerooy gold deposit in a bank for taking a loan, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. The commission denied the application due to litigation over the accrued fines under the…
DetailsPrices of precious metals decreased in Azerbaijan on October 31, according to the data published by the Central Bank. The price of gold dropped by 18.9975 manats, to 2,068.4155 manats per ounce on October 31 compared to the price on October 30. The price of silver fell by 0.2183 manats, to 24.4553 manats per ounce.…
DetailsThe bank Otkrytie has provided the Ural Mining-Metallurgical Company with a financing in the volume of 15 billion rubles to be returned in October 2021. The funds will be spent to refinance the current loan obligations and cover operational expenses. “The financing from the bank Otkrytie will allow UMMC to increase business volumes, including by…
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