Ukrainian Prime Minister Volodymyr Groysman has instructed the Minister of Energy and Coal Industry, Ihor Nasalyk, within three months starting from January 1, 2018 to draft and submit for consideration by the Cabinet of Ministers a step-by-step plan for the development of the state coal industry. “We need to increase the volumes of extraction of…Details
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The new shareholders of Evraz Sukhaya Balka, sold in May to DCH, at their meeting on December 27 made several decisions regarding the company. “The shareholders have decided to rename the company into Sukhaya Balka”, the company statement reports. The corresponding changes will be introduced to the state registries. The company annual output is over…Details
AzerGold CJSC exported 60,552 ounces of gold and 86,806 ounces of silver in April-December, the company said in a message on December 27. The export of precious metals brought an income of 121 million manats to Azerbaijan’s economy. Having successfully passed the procedures of KYC (Know Your Customer) and due diligence required by international refining…Details
Seven companies of Russia’s Arkhangelsk region, engaged in mining, are interested in cooperation with their colleagues from Azerbaijan. The list of these Russian companies has been published by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO). These are PJSC Severalmaz, JSC Arkhangelskgeoldobycha (diamond mining), LLC Onega Nerud (mining), JSC Severo-Onega bauxite mine (bauxite, clay, basalt…Details
Companies controlled by tycoon Viktor Vekselberg have sold a combined stake of 22.3% in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. Bahamas-based Renova Assets sold its entire 14.7496% stake in the gold mining company, while Metkombank, controlled by Vekselberg, sold its stake of 4.4211%, and Lamesa group, a subsidiary of Vekselberg’s multi-industry holding Renova…Details
SBI Carioca bulk carrier has delivered 60,000 tons of coking coal from the United States to the port of Chornomorsk in Odessa region, according to the port’s dispatcher service. The bulk carrier was moored to berth No. 1 of the first terminal on December 26. “It has delivered coking coal of Rocklick and Premium Eagle…Details
In January-September Seligdar received 950.26 million rubles of net profits, up by 14% YoY. According to the company statement, its EBITDA decreased by 5.1%, to 3.111 billion rubles, while profits before taxation grew by 13.8%, to 1.193 billion rubles. Revenue increased by 6.1% YoY, to 8.333 billion rubles, with gold sales revenue down by 1.5%,…Details
In November average daily output of iron ore raw materials increased from 132.1 thousand tons to 150.1 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, in November Ukraine produced 6234 thousand tons of iron ore raw materials, up by 303.7 thousand tons MoM. Since the start of the year output has decreased by 1.46 million…Details
In November Ukraine exported 2721 thousand tons of iron ore raw materials, down by 8.3% YoY, or by 247 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, since the beginning of the year Ukraine has exported 34.4 million tons of iron ore raw materials, down by 1.5 million tons YoY. Deliveries to Slovakia increased the…Details
In October Russia exported 34.3 thousand tons of steel pipes to Finland, down by 49% MoM and by 41% YoY. In January-October steel pipe exports grew 7-fold YoY, to 555.8 thousand tons. Vyksa Iron and Steel Works accounts for 56% of exports, and ChTPZ – 38%. Large diameter pipes account for around 97% of all…Details
In 2020 AzerGold plans to finish the above ground (oxide) development of its Chovdar deposits. After that, in 2021, the underground development stage will begin. Soon the company will also start drilling at the Ortakend site of the Goydag-Alindzha ore field. (Ukrainian metal)Details
Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…Details
The Magadan region enterprises intend to obtain 37 tons of gold in 2018. “That’s an ambitious goal. This year the miners set a goal of 31 tons, but have already mined 32 tons. In March next year we will meet to set the goals for the year and see if they are realistic”, the regional…Details
The Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…Details
PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…Details
The Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…Details
In January-October Russia supplied 2.9 million tons of steel products to Taiwan, up by 15.5% YoY and the highest result in the history of deliveries there. Semi-finished products of non-alloyed steel account for 90% of all exports. Taiwan’s share in Russia’s exports has reached 23%. Bars and sections account for around 7% of the exports.…Details