Alfa-Bank has provided financing of 2.5 billion rubles to Seversky Pipe Works, a part of TMK. The funds have been issued for 4.5 years. “Alfa-Bank is supporting the long-term partner relations with TMK. Strong capital positions, flexibility, speed and the industry expertise allow the bank to successfully compete with state banks for the largest borrowers…Details
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According to preliminary data, Makmal field will have been put up for competition by November 1, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, about 200-300 million soms are needed for additional exploration of the two sections of the field. Kyrgyzaltyn JSC…Details
Jerooy deposit is expected to be commissioned in the first half of 2019, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, a gold extraction plant and a tailing dump are being actively constructed at the field. The committee has confirmed that the…Details
Price of gold increased in Azerbaijan on October 18, while prices of silver, platinum and palladium decreased, according to the data published by the Central Bank. Thus, the price of gold grew by 3.0515 manats, to 2,080.46 manats per ounce on October 18 compared to the price on October 17. The price of silver dropped…Details
Swiss coal trader Mercuria, a potential investor in a 24-billion ruble Lavna coal terminal in Murmansk, is unhappy with Russia’s State Transport Leasing Company’s (STLC) decision to work with a company of tycoon Andrei Bokarev, according to Mercuria’s letter to Transport Minister Yevgeny Ditrikh. Lavna with a projected annual capacity of 18 million tons is…Details
Gold output of GV Gold rose by 50% YoY and by 27% QoQ, to 92,500 ounces in July-September, the company said in a statement on October 18. In January-September production grew by 64% YoY, to 220,300 ounces. In 2018 the company plans to produce 280,000-300,000 ounces of gold. (Prime/Ukrainian metal)Details
The employees of the Alaverdi Copper Works have started striking demanding the government to allow it to increase sulfur dioxide emissions. Otherwise the fines, imposed by environment protection authorities, will make the company operation unprofitable. Earlier the State Inspection on Environment Protection has fined the works for 380 million drams ($700 thousand) for the serious…Details
In January-September Polymetal Int. produced 801 thousand ounces of gold, up by 6%, 19.4 million ounces of silver, down by 4%, 2.5 thousand tons of copper (+33%) and 4.3 thousand tons of zinc (+20%). The overall output of gold equivalent was 1066 thousand ounces, up by 4%. Ore processing grew by 14%, to 11.4 million…Details
In January-September Kapan Mining and Processing Works, a part of Polymetal International plc, processed 470 thousand tons of ore as opposed to 389 thousand tons in 9 months of 2017. In Q3 ore processing volumes totaled 158 thousand tons against 143 thousand tons. Ore output in Q3 was 159 thousand tons (136 thousand tons in…Details
In January-September MMK produced 7.301 million tons of pig iron and 9.552 million tons of steel, down by 2.8% and by 0.2% YoY respectively. Metal products output grew by 0.6%, to 8.599 million tons. Bars accounted for 1.372 million tons, up by 0.3%, hot-rolled sheets – 3.92 million tons, up by 3.2%, and cold-rolled sheets…Details
According to the Federal Service of State Statistics, in January-September Russia produced 38.9 million tons of pig iron, up by 0.4% YoY. In September manufacture dropped by 2.2% YoY and by 4% MoM. Rolled metal output increased by 2.5%, to 46.3 million tons. In September production fell by 3.1% MoM and by 0.2% YoY. Pipe…Details
Corum has produced a KA200 shearer for the Mine named after Space Heroes of DTEK Pavlogradugol. The Space Heroes miners intend to extract some 2750 tons of coal per day. To decrease coal losses, Corum machine-builders have additionally equipped the shearer with rake-in devices and Lechler multi-injectors. Corum has also repaired a scrapper machine. (Ukrainian…Details
In January-September Chelyabinsk Iron and Steel Works received 4.1 billion rubles of net profit, up 2.4-fold YoY. Revenue grew by 7.6%, to 94.5 billion rubles. The company accounts payable dropped from 21.8 billion rubles in early 2018 to 16.8 billion rubles at the end of Q3. Accounts receivable also decreased – from 27.8 billion rubles…Details