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The High Court of London has ruled that Crispian Investments, a unit of businessman Roman Abramovich’s Millhouse, should not have proposed and sold a stake in the Russian metals giant Norilsk Nickel to Interros of tycoon Vladimir Potanin. The sale infringed a shareholder agreement on preemptive rights between Interros and aluminum giant UC RUSAL, the…
DetailsKyrgyzaltyn OJSC conducted preliminary public consultations on extending the life of Makmalzoloto mine and attracting of investors. The consultations took place in 13 villages of five rural areas of Jalal-Abad region within a week. “The main task is to extend the life of Makmalzoloto combine and to attract investors by an open competitive selection. We…
DetailsThe prices of main precious metals decreased in Azerbaijan on June 28, according to the data published by the Central Bank. The cost of gold decreased by 5.2275 manats, to 2,128.434 manats per ounce compared to the price on June 27. The cost of silver decreased by 0.1834 manats, to 27.3807 manats per ounce. The…
DetailsIn January-May the Republic of Buryatia mined 2.731 million tons of coal, up almost 2-fold YoY. Tugnuysky Pit provided 1.434 million tons of coal, while three companies – East-Siberian Mining Company, Coal Pit and Buryatia Mining and Ore Company – mined 1.298 million tons. Most of the coal mined is exported to the Asian-Pacific region…
DetailsThis year Seligdar intends to mine 6 thousand kg of gold, up by 30% YoY. The increase has to do with the Ryabinovoye gold-extracting factory reaching project capacity and the increase of output at Ryabinoviy Mining and Processing Works. The Ryabinovoye LLC output plan is 1805 kg of gold. The Sininda 1 miners team intends…
DetailsZEMZ has repaired one of its main machines, which will allow in future to rationally use energy resources and avoid unscheduled delays in operation. The electric arc furnace No. 15 with the volume of 12 tons is a part of the manufacturing complex of the second electric arc shop. The repair, which has been completed…
DetailsSeverstal is modernizing the extraction machine in the SSM-Tyazhmash mass production shop. The cost of the project is over 20 million rubles. The shop is situated on the territory of the Cherepovets Iron and Steel Works. The machine is being assembled at the site of the electric arc furnaces used to produce powder pig iron.…
DetailsVIZ-Stal has equipped all of its machines with the automated system of satellite monitoring. The goal of the project is to improve the safety and efficiency of some 440 units of special machines, trucks and cars usage. The satellite monitoring allows in real time to control the location and movement of the machines. The system…
DetailsThe Ministry of economic development and trade together with Kobe Steel has approved of the road map to implement latest techniques at the Krivoy Rog Mining and Processing Works of Oxidized Ores. In March the ministry, Kobe Steel Ltd and Hares Engineering GmbH concluded a Memorandum of Understanding on the project. The road map touches…
DetailsThe prices of main precious metals varied in Azerbaijan on June 27, according to the data published by the Central Bank. The cost of gold decreased by 20.31 manats, to 2133.6615 manats per ounce compared to the price on June 25. The cost of silver decreased by 0.25 manats, to 27.5641 manats per ounce. The…
DetailsResidents of Aknazar rural area in Bakai-Ata district held a rally against gold mining in Urmaral gorge, the press service of the State Committee for Industry, Energy and Subsoil Use reported. According to it, about a hundred people held a rally in front of the local administration. They are afraid that after the beginning of…
DetailsThe limitation of sulfuric acid imports will affect the whole economy, as the shortage of this raw material could halt the metal industry. “If, because of the lack of sulfuric acid, by-product coke plants shut down, the whole metal industry will halt as well”, Azovstal CEO Enver Tskitishvili said. According to him VostGOK and Sumykhimprom…
DetailsIn January-May Ukrainian by-product coke plants increased 6% moisture coke output by 8% YoY, to 4.508 million tons. According to the association of by-product coke enterprises Ukrkoks, in May output totaled 896 thousand tons. At present the by-product coke enterprises are working in stable mode. In late June coke output has even increased. (Ukrainian metal)
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