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Polymetal Int, uniting the assets of the Russian precious metals producer Polymetal International, will receive a 3.5% stake in company Chaarat after converting $10-million of bonds received as payment for the Kapan gold mine in Armenia, the company said in a statement on July 30. “Exchange of convertibles into Chaarat stock, working capital settlement, and…
DetailsChinese company, which is developing a gold deposit in Solton-Sary, will pay compensation for the death of livestock, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reports. According to the committee, its Chairman Emil Osmonbetov asked the company’s management to resolve the issue in order to create a positive image of the…
DetailsPromoting steady growth and improving the efficiency are important for the Belarusian steel mill BMZ, Dmitry Korchik declared. On July 29 the president approved the appointment of Dmitry Korchik as director general of the Belarusian Steel Works Management Holding Company. “The company is known not only in Belarus but also throughout the world. The main…
DetailsThe Federal Antimonopoly Service of Russia has approved the merge of the Satka Pig Iron Works and Kosaya Gora Iron and Steel Works. According to the FAS, the merge will not result in domination on the manganese ferroalloys market. SChPZ manufactures FMn78 and FMn75 manganese ferroalloys, while KMZ produces only FMn78 ferroalloys. After the merge…
DetailsSeverniy Mining and Processing Works is replenishing and modernizing its water-sprinkling fleet to fight dust. In July, 10 special machines were put into operation. In particular, for Pervomaysky and Annovsky quarries the fifth BelAZ water-sprinkling machine with the tank of 119 cubic meters has been purchased. Another BelAZ with a smaller tank (32 cubic meters)…
DetailsEnergomashspetsstal has received a major order for the manufacture of billets for Tianwan Nuclear Power Plant, China. Under an agreement, signed in July, EMSS will produce spare parts of the reactor machinery for the power units Nos. 7 and 8. The parts are to be supplied in 2020-2021. EMSS has already produced the first ingots…
DetailsA titanium tetrachloride leak occurred at the Zaporozhye Titanium and Magnesium Works. According to the rescuing team, the accident happened because of the tank leakage. As of 11:40 the accident has been eliminated. Chemical materials evaporations have not left the shop territory. There is no danger to the lives of the citizens. There were no…
DetailsKhuzhir Enterprises LLC intends by the end of the year to have resumed operation of the gold-extracting factory at the Konevinskoye deposit in the Republic of Buryatia. In 2020 the company plans to produce at least 400 kg of gold. Investments in the project reach 400 million rubles. Khuzhir Enterprises started developing the deposit in…
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