The State Duma will provide 950 million rubles from the federal budget for the construction of the mine No. 6 of Priargunskoye Mining and Chemical Enterprise in Zabaikalye region. The enterprise will receive the money for the uranium mine construction within the program on the investment projects in Baikal region. By the end of 2021…Details
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MMK-Metiz share on the domestic market in 2017 grew by 2% YoY, to 352 thousand tons. Exports increased by 2.8%. The largest Russian metal wares manufacturers sold 2 million tons of goods, with MMK-Metiz share on the level of 22%. Last year the company sold 435.15 thousand tons of metal wares, with 352 thousand tons…Details
Ukrainian metal companies are forced to decrease output because of the failure of the Ukrainian Railroads to provide enough cargo trains. The critical situation is witnessed at the Kamysh-Zarya – Volnovakha route, leading to the city of Mariupol. Because of the delay in cargo train provision Mariupol metal works produce twice as little metal, than…Details
Shareholders of Nikopol Ferroalloy Plant intend to change the ownership of the company from the public to the private joint-stock company, and not pay dividends for 2017. The corresponding decisions will be taken at the meeting on August 3. The net profit for 2017 will be set in the amount of 2.665 billion UAH, 26.46…Details
Shareholders of the Yuzhniy Mining and Processing Works have decided to spend 9.947 billion UAH of net profit for 2013 and 2017 to pay dividends. This equals to 6.253381 UAH per ordinary share. The decision was taken on June 21. The 2013 net profit accountable for dividends is 1.341 billion, while that of 2017 is…Details
The first stage of the Ozernovsky GMK mining and metallurgic plant was launched on the Kamchatka Peninsula’s gold deposit on June 25, the regional government said in a statement. “This is the largest unit developed on Kamchatka and one of the most difficult from the point of view of logistics, weather conditions, characteristics arising from…Details
Centerra Gold Inc. 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, Kumtor Gold Company website says. The First Longstop Date is the date by…Details
Last week the price of precious metals decreased in Azerbaijan. The price of one ounce of gold decreased by 11.509 manats or by 0.5%. Accordingly, the average price of one ounce of gold stood at 2,157.504 manats. On June 15, 18 and 19 the exchange rate of manat in relation to the precious metals was…Details
The prices of main precious metals varied in Azerbaijan on June 25, according to the data published by the Central Bank. The cost of gold decreased by 0.6545 manats, to 2,153.968 manats per ounce compared to the price on June 22. The cost of silver increased by 0.0716 manats, to 27.819 manats per ounce. The…Details
Rosgeologia will carry out prospecting works within the Spokoyninsky ore node in Aldan district of the Republic of Sakha (Yakutia). According to the tender documents, the enterprise will have to investigate the site with the size of 178.7 square km. Their main task is to estimate the forecast resources of R2 ore gold in the…Details
The state enterprise Selidovugol has been transferred 15 million UAH. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the money will be spent to partially pay salary debts to the employees. Earlier the minister of energy and coal industry Igor Nasalik declared, that of the 85 million UAH on salary…Details
The EU is ready to cooperate with Ukraine to reduce the risks in the energy sector, in particular, to assist in closing the exhausted and dangerous coalmines. “I congratulate Ukraine on including the tasks of decarbonization of its economy in the strategy until 2035. This means a cautious approach to solving the challenging issues in…Details