The head of Buryatia Alexei Tsaydenov has reviewed the construction of a plant at the Egitinskoye fluorspar deposits. In December 2017 Druza LLC and the republic government concluded an agreement on the development of the deposits. Investments total 18 billion rubles. The first stage of the plant has been completed. 619 jobs will be created.…
DetailsA number of foreign investors have shown their interest in constructing copper-smelting facilities. According to the acting Prime Minister Nicol Pashinyan, such a project is very important for the country, as it will allow processing ore on the spot, without exporting it. At the same time, the finished products could find their customers not only…
DetailsIn January-September Vysochaishiy (GV Gold) received 10.03 billion rubles of revenue, up by 36% YoY. Sales revenue grew by 20.8%, to 4.075 billion rubles. Net profit was 2.3787 billion rubles, up by 2.4%. The increase in financial statements is due to the growth of gold output. In 9 months the company has produced 220.3 thousand…
DetailsIn January-October Chukotka Autonomous District yielded 20998 kg of gold, down by 4% YoY. Ore gold accounted for 18424 kg, down by 6%. Alluvial gold output totaled 2573 kg, up by 11%. Silver extraction dropped by 12%, to 96.6 tons. (Ukrainian metal)
DetailsGazprom has signed a contract for the delivery of 500 thousand tons of large diameter pipe for the Kovykta – Chayanda site of the Sila Sibiri gas pipeline with Zagorsky Pipe Works. Other major pipe suppliers, including TMK and ChTPZ, refused to participate in the tender. They did not like the price, according to the…
DetailsThe Russian Progress Gor Tech company can receive in trust the shares of Uzbekugol JSC. The draft presidential decree on measures to improve the effectiveness of the Uzbekugol joint-stock company has been published on the portal for discussion of draft legal and regulatory documents. The Uzbekistan Railways JSC will transfer 45% of shares in the…
DetailsThe Radical party demands from the government and the Ministry of Economy and Trade to initiate a special investigation of the steel imports. The party members also want to introduce protective measures against the import from China, Russia, Turkey and other countries. Ferrous metals imports have already grown by 25%, threatening thousands of jobs in…
DetailsAccording to the Statistics Committee of the Ministry of the National Economy, in January-October raw steel output totaled 3.758 million tons. In October steel output grew by 2.8% YoY, to 0.389 million tons. Rolled metal manufacture in 10 months increased by 2.8%, to 2.377 million tons, but dropped in October by 13.1%, to 0.172 million…
DetailsThe shares of Russia’s Polymetal International will be included in the MSCI Russia index on November 30 for the first time since their listing on the Moscow Exchange in June 2013, the company said in a statement. CEO Vitaly Nesis said, “I am proud that Polymetal has successfully met the criteria of MSCI Russia Index…
DetailsCenterra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2018. In the first nine months KGC produced 306,467 ounces or 9,532.2 kg of gold and contributed more than 5.66 billion soms in taxes and mandatory payments. Kumtor produced 122,445 ounces, or 3.81 tons of…
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