Russia: Prokhorov sells Amurmed

Intergeo, belonging to Mikhail Prokhorov, has sold Amurmed. According to Intergeo, Amurmed is a less attractive asset for the group than the Ak-Sug in Tuva (5.7 million tons of copper) and Kingash in Krasnoyarsk Krai (2.2 million tons of nickel, and 1 million tons of copper, as well as cobalt, platinoids and gold). Amurmed has…

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Kyrgyzstan: agreement of Centerra with government to attract new investors

“The less conflict fields, the better the dialogue, the sooner the positive investment climate in the country is formed and it becomes more attractive for foreign partners,” head of the Association of Markets, Service and Trade Enterprises Sergei Ponomarev said, commenting on the agreements reached between the Kyrgyz government and Centerra. “All major world investors,…

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Russia: MMK mining and processing turns 86

The mining and processing complex of Magnitogorsk Iron and Steel Works comprises of a mine shop, an ore-dressing factory, a sinter shop, a grinding-kilning shop and the sinter charge preparation shop. For the past several years the shop has undergone a massive reconstruction. In particular, the company has reconstructed the sulfur-exhaust machine, which allowed increasing…

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