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Norilsk Nickel shareholders at the annual meeting have set financial dividends for 2017 in the amount of 607.98 rubles per share, or 96.2 billion rubles total. Taking into account the interim dividends for H1 2017 ($600 million), the total amount will reach $2.162 billion. Last year the company net profit dropped by 16%, to $2.123…
DetailsYakutia intends to create a priority development area on the territory of Ust-Tanskiy, Oimyakonsky and Tomponsky districts. The project will attract over 27 billion rubles of private investments and create some 1700 jobs. 4 anchor investors plan to mine and process tin ore, as well as precious metals ore and sands. The new PDA could…
DetailsRise LLC, which develops alluvial gold deposits in Magadan region, has already obtained 150 kg of precious metal since the start of the washing season. This year operations started in the first half of May. The company is operating at two sites on the Pravaya Vizualnaya brook and the Nelgyu River. This season it is…
DetailsRotek has started assembling the transformation substation at the Kekura gold deposits in Chukotka Autonomous District ahead of schedule. The commissioning of the power machinery is scheduled for late 2018. The transformer substation will be providing the gold-extracting enterprise with electricity for 30 years. Kekura is developed by a Highland Gold subsidiary. (Ukrainian metal)
DetailsIn May Russia produced 6.23 million tons of steel, up by 6% YoY (5.877 million tons), while in April the output totaled 6.03 million tons. In January-May steel output grew by 2% YoY, to 30.027 million tons. Ukraine increased steel manufacture by 2.9% YoY, to 1.695 million tons, while in April it produced 1.721 million…
DetailsProizvodstvo polymetallov (Polymetal manufacture), the subsidiary of Uralelectromed, has commissioned the coke deck of the railroad shop after repair. Its length is 113 meters and height – 8 meters. The coke deck is an important transportation unit of the manufacture. The cost of the project is 4 million rubles. (Ukrainian metal)
DetailsThe miners team Aleksandrovskaya-1 LLC, which extracts alluvial gold in Amur region, has already obtained 60 kg of gold this year. The company is operating at two deposits – Djalon and Djuvaskit. This year the team plans to obtain 180 kg of alluvial gold, up by 75% YoY. (Ukrainian metal)
DetailsKyshtym Electrolytic Copper Plant has started assembling metal structures, which will later serve as the basis for the new Luhr Filter filtering machinery to purify gases of the Maerz furnace. The new machine will trap both solid and gaseous impurities. The gas-purification rate will reach 99.9%. The commissioning of the filter is scheduled for this…
DetailsNLMK has selected the supplier of machinery and started design work to replace the transfer table of the hot-rolling mill-2000. The project will increase the reliability of the machine and the quality of the products. The mill has been operating since 1977. The new machinery will be supplied by Novokramatorsk Machine-Building Works (Ukraine). Commissioning is…
DetailsIzhstal has successfully passed the KamAZ audit. The truck manufacturer checked high quality metal manufacture at Izhstal. In particular, attention was paid to the rolling shop with its machinery. “The audit has become another step to improve cooperation with KamAZ. We are successfully cooperating with domestic car manufacturers and hope that KamAZ also becomes our…
DetailsThe Government of Kyrgyzstan draws up a new agreement on Kumtor, the Speaker of the Parliament Dastan Dzhumabekov told the press conference on the results of the 4th session of the Parliament. According to him, the government intends to revise the agreement with Centerra Gold, signed in autumn 2017 by the Cabinet of Ministers of…
DetailsThe prices of the main precious metals, except for silver, decreased in Azerbaijan on June 29, according to the data published by the Central Bank. The cost of gold decreased by 1.258 manats, to 2,127.176 manats per ounce compared to the price on June 28. The cost of silver increased by 0.0022 manats, to 27.3829…
DetailsRussian investigators are searching the office of coal producer Kuzbassrazrezugol, but the search is unrelated to the company’s operations, spokeswoman for parent holding Ural Mining Metallurgical Company (UMMC) Nina Pelevina reported. “Document withdrawal by officials of the Investigative Committee in the framework of an investigation of a criminal case directly unrelated to the producing activities…
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