Corum Druzhkovka Machine-Building Works has produced a skip for the Obukhovskaya Mine Group. The volume of the skip body is 25 cubic meters. The machine is able to get over 23 tons of mined materials to the surface in one go. The total length of the machine is 17.6 meters. Previously Corum Druzhkovka has produced…Details
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In 2017 the state enterprise Vostochniy Mining and Processing Works produced 836.1 tons of uranium concentrate and mined 647.3 thousand tons of uranium ore, all down by 16.8% and by 19.9% YoY respectively. In 2011 VostGOK produced 890 tons of concentrate, in 2012 – 960.2 tons, in 2013 – 922.3 tons, in 2014 – 925.7…Details
Ural Mining and Metallurgical Company will invest about 3.5 billion rubles in development of Gaysky GOK, which exceeds equivalent figures for 2017 by 1 billion (by 34%). Over half the investment budget, about 2.25 billion rubles is planned to be channeled into implementing a project “Underground mine development” on the level of 830-1310 m. “The…Details
The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…Details
In April Energomashspetsstal produced and shipped 263 tons of goods to the European companies of ArcelorMittal. According to the company statement, the rolls were shipped to AM works in Spain, Romania, France, Belgium and Germany. The EMSS rolls will be used in cold- and hot-rolling mills. One roll weighing 39.4 tons was shipped to Voestalpine…Details
The prices of main precious metals increased in Azerbaijan on May 11, according to the data published by the Central Bank. The cost of gold increased by 7.1825 manats, to 2243.2775 manats per troy ounce compared to the price on May 10. The cost of silver increased by 0.2671 manats, to 28.3985 manats per ounce.…Details
A fire raging 500 meters under the ground of the Raspadskaya in the Kemerovo region stopped its operations and forced evacuation of 195 miners, a source in the regional emergency services reported. “Operations of the mine have been suspended. The systems of ventilation and life support are working normally,” the source said. In 2010 two…Details
The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…Details
Polyus intends to get the results of the engineering survey on constructing a mining and processing works at the Sukhoy Log gold deposits in Irkutsk region in autumn. The company will spend some $30 million on Sukhoy Log this year out of its total expenses of $850 million. The share of Polyus in the Zoloto…Details
In January-March Russia exported 931.9 thousand tons of aluminum valued at $1.827 billion, up by 8.5% and by 27% YoY respectively. According to the Federal Customs Service, nickel exports dropped by 11%, to 33.7 thousand tons, valued at $444.2 million, up by 20%. Copper exports reached 175.9 thousand tons valued at $1.2 billion, up by…Details
Evraz, belonging to Roman Abramovich, Alexander Abramov and Alexander Frolov, could decrease the charter capital of Evraz Plc by $1.43 billion to pay dividends to the shareholders. The Evraz dividend policy adopted in March presupposes annual payments of not less than $300 million. But in 2017 the company paid $860 million, and both investors and…Details
The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government. The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)Details