Chaarat Gold Holdings Limited made a proposal for the all-cash acquisition of the whole of Centerra at a premium of not less than 35% above Centerra’s prevailing share price, statement of Chaarat Gold says. The proposed price amounted to 2 billion Canadian dollars (about $1.52 billion.) As the company said, “the ultimate objective of this…Details
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In January-September Metinvest kept the iron ore concentrate output unchanged YoY, at 20.54 million tons. Pellets manufacture increased by 32%, to 5.754 million tons, while saleable concentrate output dropped by 18%, to 5.671 million tons. In Q3 the manufacture of iron ore concentrate decreased by 7% QoQ, to 6.554 million tons because of the drop…Details
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date was extended until January 31, 2019, statement of…Details
Brazil is eager to continue supplying Kazakh uranium ore concentrate, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Brazil Kairat Sarzhanov said at a briefing in Astana on October 31. He reminded that the list of products exported from Kazakhstan to Brazil had been updated and now included uranium ore concentrate. In April Kazatomprom won a…Details
The Prime Minister of Ukraine Vladimir Groysman has reacted to the address of the Lugansk regional state administration and called a meeting on problem issues of coal industry and the clearing of salary debts to miners. Deputy chairman of the regional administration Yuri Klimenko reported on the situation at the Mine named after Kapustin, where…Details
Yurga Machine-Building Works LLC and the Yubileynaya Mine LLC have signed an agreement on the delivery of 50 sections of mechanized anchoring. The first batch of 10 pieces the mine will receive in March 2019. The company has created a special type of anchoring for the mine. It does not look different from older models,…Details
In July-September Metalloinvest increased pellets output by 2.4%, to 7.1 million tons, mostly because of the change in the schedule of repairs at LGOK. In January-September the group produced 20.8 million tons of pellets, up by 11.8% YoY. Metalloinvest also produced 10 million tons of iron ore in Q3, down by 1.3% QoQ, and 30…Details
In January-September Metinvest increased steel output by 3% YoY, to 5.597 million tons. Steel manufacture in Q3 dropped by 8% QoQ, to 1.803 million tons, mostly because of the decrease at Azovstal by 171 thousand tons due to the shut down of converters Nos. 1 and 2 for scheduled repairs, which lasted for 7 and…Details
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…Details
Technological 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…Details
PJSC 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…Details
In 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…Details
In 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…Details