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…
DetailsRussian 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)
DetailsThe 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…
DetailsThe 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…
DetailsOn 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…
DetailsPetropavlovsk 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…
DetailsThe 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…
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