IFG Metals & Mining and the State Committee on Geology and Mineral Resources have signed an exclusive agreement on the prospecting and development of 7 tungsten deposits. Under the agreement a tungsten cluster will be created in Uzbekistan. Investments in 25-30 years will reach $300 million, and some 1500 jobs will be created. IFG will…Details
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In September Ukraine produced almost 2.8 million tons of coal, down by 1.5% from the plan, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In September coal mining enterprises of Ukraine of all forms of ownership produced 2,781,626 tons of coal. The…Details
Russian Prime Minister Dmitry Medvedev has signed a ruling to hold a 413.07-million ruble auction. The right to develop the Zapadny Kara-Kulsky bismuthiferous copper and cobalt ore site in the Altai region will be sold, according to the ruling published on the government’s website on October 2. (Prime/Ukrainian metal)Details
The founder and co-owner of USM Holdings, a well-known Russian businessman of Uzbek origin Alisher Usmanov talked about his plans to invest in projects in Uzbekistan. Speaking about business projects in Uzbekistan, Usmanov, first of all, noted the Uzbek metallurgical complex. “I will help only in business. The companies I own, where I am a…Details
The pipe arc welding shop No. 3 of the Vyksa Iron and Steel Works will have a site to apply inner coating to pipes. The commission of the site is scheduled for late 2018. According to the company statement, the new site will have a Selmers line. The assembly has already been completed. In October…Details
On September 27 the state enterprise Lvivugol hosted a meeting of the board of directors chaired by the acting CEO Alexander Safonov. The meeting discussed rock and coal mining in September and the goals for October, delivery of explosives, as well as sales of coal. The payment of salary for August is still the priority…Details
Petropavlovsk Plc, extracting gold in Amur region, has published its financial results for January-June. According to the company report, in H1 it received $24.8 million of net losses against $24.5 million of net profit last year. Revenue dropped by 11.2%, to $270 million because of the decrease in gold sales – 201.4 thousand ounces against…Details
The board of directors of Susuman Mining and Processing Works “Susumanzoloto” has decided to take a loan of 3.5 billion rubles from Sberbank. The funds will be spent to finance gold mining in 2019. Since 2017 the company has been constructing a mining and processing works at the Shrumovskoye deposits in Magadan region. The commissioning…Details
High quality of platinum-rhodium alloys produced by Yekaterinburg Non-Ferrous Metals Processing Works has been confirmed by foreign specialists. They have analyzed the manufacture and contents of the platinum-rhodium alloys and are sure that the quality and control management system is of such a high level, that the cases of faulty material provision are almost excluded.…Details
The Republic of Chuvashia is open to investments and is ready to support projects in aluminum sphere. According to the republic governor Mikhail Ignatiev, there are now 10 projects in the pipeline, including the construction of an aluminum bridge. Together with the Aluminum Association a welding center has been created at the State University named…Details
The arc steel shop No. 3 of Uralskaya Kuznitsa has celebrated its 60th anniversary. The shop was one of the first to create “special metallurgy” in Russia. The sphere had to provide for the development of high-tech industries: rocket construction, nuclear industry, submarine construction, space exploration, etc. For this, materials were needed with characteristics far…Details
Ukrzaliznytsia (Ukrainian Railways) has ordered Interpipe Ukraine LLC the delivery of tyres valued at UAH 43.92 million. This year the company has to supply 2250 tyres of carbon steel produced by Interpipe NTZ and Huta Bankowa Sp. z o. o. (Poland) not earlier than January 1, 2018. The price of the agreement is 8% below…Details
Irshansk Mining and Processing Works has concluded an agreement with Allied Mineral Laboratories Pty Ltd (Australia) for the research valued at $128 thousand, or UAH 3.61 million. This year the company will probe and analyze the titanium ore samples from Bukinsky site of the Mezhirichnoye deposits, as well as develop a technique for the ore…Details