In January-November Lvivugol increased coal sales by 66.5 thousand tons YoY, to 1.29 million tons, which should be enough to keep the enterprise profitable. This year the enterprise has also received almost 90 million UAH of state money to clear salary debts and carry out modernization of machinery. According to Lvivugol press service, as of…Details
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Ingulets Mining and Processing Works has shipped the second batch of iron ore concentrate to Mexico. “The first batch supplied in July was highly praised by the customers, hence the second order. In late November the Port of Yuzhniy shipped the second batch of 82 thousand tons of concentrate”, the company press service said. The…Details
Metall-Don has sent its application to Novatek to participate in the competition to supply metal for the construction of the Arctic LNG-2. The companies have already cooperated. In 1.5 years Metall-Don has delivered 3.1 thousand tons of metal structures for the construction of Yamal-LNG valued at 620 million rubles. The company was also paid a…Details
Energomashspetsstal continues the long-term cooperation with its Ukrainian partners. Last month it manufactured and supplied products to Azovstal, Zaporizhstal, CGOK, Magna LLC, etc. The total weight of the products supplied was over 200 tons. At present the company is manufacturing rolls for Zaporizhstal and Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)Details
The government of Belarus has set a state order for ferrous and non-ferrous metals scrap procurement. It is expected to procure 1.285 million tons of ferrous scrap and 19.2 thousand tons of non-ferrous scrap. The Ministry of Industry received the largest order – 470.47 thousand tons of ferrous and 5.4 thousand tons of non-ferrous scrap.…Details
Technoinvest Alliance, carrying out a project to construct a mining and processing works at the Zashikhinskoye rare-earth metals deposit, is viewing the city of Sayansk as one of the sites to create the works. The city mayor Oleg Borovskiy has shown the potential investor the site for the construction of a new enterprise and enumerated…Details
The rating was initiated by the World Wide Fund for Nature (WWF) of Russia and the United Nations Environment Programme (Russian Federation Mission). The rating was carried out by the National Rating Agency on the basis of data on the activities of companies, which was publicly available (reports, reports, media, official websites of companies). The…Details
Precious metal prices decreased in Azerbaijan on December 14. The price of gold dropped by 5.2955 manats, to 2,110.7115 manats per ounce on December 14 compared to the price on December 13. The price of silver fell by 0.0999 manats, to 24.969 manats per ounce. The price of palladium went down by 7.7775 manats, to…Details
Russian VTB Bank agreed to issue a loan of $180 million to Alliance Altyn for the construction of a gold recovery plant and a tailing dump at Jerooy, Director General of the mining company, Mikhail Shubin, declared. According to him, the issue of license pledge for the loan has not yet been resolved. The State…Details
Russian Platinum won the competition for Jerooy thanks to the best technical and economic proposals, as well as the offer for a license of $100 million (which it paid in June 2015) and the obligation to remove from Kyrgyzstan the court claims for $580 million (the problem was resolved in August of the same year).…Details
Azerbaijan has exported various types of aluminum sections to Denmark, Sumgait Technology Park reported. In November, Sumgait Technology Park signed a contract with a Danish company to sell 100 tons of aluminum sections. The company has completed the preparation of the order and sent the ready products to the client. The aluminum plant, established at…Details
The board of directors of Russia’s gold producer GV Gold has approved payment of 1.9 billion rubles in dividends for January-September, the company said in a statement on December 14. The shareholders will consider the recommendation at an extraordinary general meeting scheduled for December 28. In April, GV Gold approved a new dividend policy, under…Details
Zinc and non-ferrous metals producer Electrozinc, a part of Ural Mining and Metallurgical Company (UMMC), plans to terminate its operations, a spokesperson for the plant reported on December 14. “We have decided to stop production fully, and equipment and the industrial site will undergo conservation procedures. We are to unload the remaining raw materials and…Details