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The new owner of the Tkibuli mines, Steel International Trade Company, has fully paid the salaries of miners formerly on strike demanding back pay, announced Georgian Economy Minister Natia Turnava. Turnava noted that she personally was in communication with miners and the new company. She also said that reopening the coalmines and building a thermal…
DetailsNew strategic agreement between the government of Kyrgyzstan and Centerra Gold Inc. “completely justifies itself in terms of ensuring a more efficient and stable operation of the enterprise”, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev stated during a visit to Kumtor mine in Issyk-Kul region. According to the Information Support Department of the Government’s Office,…
DetailsIn 2019 coal output could grow by 1.1%, to 445 million tons, according to a forecast of social-economic development for 2020 and 2021-2022. In 2024 the expected output could be 510 million tons and in 2022 – 483 million tons. In 2018 Russia exported 196.8 million tons of coal, including 23 million tons of coking…
DetailsIn July Russia imported 11.1 tons of tungsten, including scrap, up by 44.3% MoM, but down by 13.4% YoY. China supplied 10 tons of tungsten, up by 40% MoM. In 7 months imports totaled 75.4 tons, down by 32% YoY. In monetary terms since the start of the year the imports have decreased by 15.7%.…
DetailsIn January-August Sakhalin region mined 8.5 million tons of coal, up by 19.7% YoY. This year the region plans to have extracted 11.4 million tons of coal. 96.5%, or 8.2 million tons of coal mined was exported to the Asian Pacific region countries, including 3.5 million tons to China, 3.4 million tons to the South…
DetailsIn September Ukraine produced 1.759 million tons of steel, down by 9.2% MoM. Pig iron manufacture decreased by 4.6%, to 1.744 million tons, while that of rolled metal grew by 3%, to 1.583 million tons. In 9 months Ukraine produced 16.41 million tons of steel, 15.47 million tons of pig iron and 14.1 million tons…
DetailsMechel agreed to buy a part of Gazprombank share in its largest project – Elga coal complex. The company has accepted an offer to buy 34% of the Gazprombank’s 49%. Mechel owns 51% in the project with the reserves of 2.2 billion tons of coking coal. Gazprombank bought 49% of Elga in summer 2016 for…
DetailsThe shareholders of the Russian gold producer Polyus have approved payment of 162.98 rubles per share in dividends for January–June, Polyus said. The record date for the dividends is October 10. Previously, the company paid 131.11 rubles per share in dividends for January-June 2018 and 147.12 rubles per share in final dividends for the year.…
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