Rio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)Details
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Personal belongings of employees were stolen from the territory of the Chinese enterprise GL Makmal Developing at Makmal. According to the company, all the employees of the enterprise have started working, but the Chinese investors do not yet know at whose expense the burned objects will be restored. It is known that the government and…Details
Last week the price of one ounce of gold increased by 13.2345 manats or by 0.58%, to 2,276.3956 manats. The price of one ounce of silver increased by 0.1846 manats or by 0.66%, to 28.0715 manats. The price of one ounce of platinum increased by 16.4305 manats or by 1%, to 1578.8835 manats And the…Details
Some politicians are involved in the riots that occurred in Toguz-Toro district, where the gold processing plant under construction was set on fire, the Prime Minister of the country announced at a meeting of Kyrgyzstan parliamentary faction. Sapar Isakov said that the Ministry of Internal Affairs asked for time for investigation. But the names of…Details
Zaporizhstal has opened the season of shipping metal products via water transport. This year the company intends to deliver some 600 thousand tons of metal via the River Dnepr. Zaporizhstal metal has already been delivered over the water to Greece, Bulgaria, Turkey, Romania, Georgia, Serbia and Macedonia. “This year we will keep the volumes of…Details
The Armyansk City Court has found Titanium Investments – Crimean Titanium LLC guilty of not paying for negative influence on the environment. The company did not pay over 3 million rubles for harming the environment. Now it has 6 months to pay the debt. The company, situated in Russia-annexed Crimea, covers a third part of…Details
In March, according to the railroad statistics, direct supplies of ferrous scrap to MMK totaled 64 thousand tons, down by 8.6% MoM and by 43.7% YoY. In February the results were up by 4.3%, but down by 39%, while in January – down by 72% and by 36% respectively. In January-March the company received 192.1…Details
Neryungri-Metallik LLC, a part of Nordgold, is preparing for the prospecting season, which will last from April till October. This year the main operation will be carried out at the Tokko field on the Anomalia-13, Vrezannyi and Roman sites. The company plans investing some 85 million rubles in drilling. Earlier it was planned to spend…Details
In January-March Chukotka Autonomous District mined 183 thousand tons of coal, up by 6.6% YoY. Beringpromugol, operating at the Fandyushkinskoye Pole deposits, mined 140 thousand tons of coal, up by 32% YoY. This year the company intends to extract 600 thousand tons of coal. (Ukrainian metal)Details
Energomashspetsstal has shipped a large batch of rolls to ABB. The total weight of the shipment was 177.29 tons. The rolls will be used in the manufacture of electric engines. The companies have been cooperating for 10 years. (Ukrainian metal)Details
Sinarsky Pipe Works has produced the 35-millionth ton of pipes. The milestone has been reached in 82 years after the manufacture of the first pipe. The casing pipe with the diameter of 101.6 mm and wall thickness of 6.5 mm was produced at the pipe-rolling shop No. 2. Thanks to modernization, last year the company…Details
Russian gold producer Polyus has asked the government for support in construction of a bridge across the Yenisei River, Vice President Sergei Zhuravlyov said. The bulk of gold reserves of the region is located on the right bank of the river, where reserves of antimony, zinc, lead, and magnesite are also located. Their production is…Details
The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…Details