An enterprise of Rosgeologia has completed the prospecting works within the Dakhovskoye gold deposits in the Republic of Adygeia. Following the prospecting, gold-quartz-sulfide ores were found. Estimated reserves are 73.79 tons of R2 gold, including 50.98 tons with 2.8 g per ton at the Shibaba site, 13.02 tons with 1.66 g per ton at the…Details
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This year Severstal will supply some 209 thousand tons of rolled metal to railroad car building companies of the United Wagon Company. Cherepovets Iron and Steel Works has been supplying sheets and coils, as well as pipes and bars to the OVK enterprises. The metal is used to manufacture various parts of railroad cars. Last…Details
In 2017 the mining industry of Kyrgyzstan paid to the budget 9,861,212.7 billion soms in taxes, the Mining and Metallurgical Trade Union reported. The organization noted that the mining industry provided more than 8.5% of Kyrgyzstan’s GDP, over 50% of the country’s industrial production and exports, and more than 15% of tax revenues. After the…Details
The Cabinet of Ministers has ordered the Finance Ministry to solve the issue of repayment of wage arrears to coal mining industry workers. The relevant report has been posted on the Finance Ministry’s website. “Under the instruction of Prime Minister Volodymyr Groysman, the Finance Ministry is involved in solving the problem of wage debts to…Details
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9%, or by 984 thousand tons, to 2.1 million tons, and coking coal – by 2.95%, or by 16 thousand tons, to 559 thousand tons. State mines decreased…Details
In 2017 Irkutsk Aluminum Works manufactured 335.208 thousand tons of high-added valued products, or 80% of the total output. In 2016 the figure stood at 72%. Last year IrkAZ produced over 419 thousand tons of metal, up by 19 thousand form the project capacity. This is the first time that the company reaches such results.…Details
In 2017 Uralelectromed produced 44 tons of tellurium with the purity of 99.95%, up by 2.5% YoY. Moreover, for the first time the company produced 130 kg of 99.999% tellurium. UEM commissioned the tellurium production site in 2013. The cost of the project was 105 million rubles. (Ukrainian metal)Details
In 2017 Evraz NTMK decreased air pollution by 3.7% YoY. Last year the company repaired dust exhaust systems at major divisions, including at three ladle furnaces in the converter shop, foundry shops and slurry utilization site. The modernized machine of dry coke quenching was put into operation in the by-product coke shop. The project will…Details
Evraz ZSMK has for the first time sold a batch of 54 E1 rails weighing 1650 tons to Greece. The rails will be used to expand the Athens subway. “The strategic goal of Evraz is to become a serious player on the European market of railroad transportation. We are counting on the further development of…Details
Vladimir Potanin’s Interros Holding has offered Crispian Investments Ltd, affiliated with Roman Abramovich and his partners, to buy its share in Norilsk Nickel. Interros already has 30.3% in Nornickel. Rusal owns 27.8% and Crispian Investments – 4.95%. The cost of the shares that Interros wants to buy is estimated at 90 billion rubles. (Ukrainian metal)Details
PJSC ArcelorMittal Kriviy Rih decided to support its employees, who served in ATO zone. Starting from this year, they can take a course on health improvement and therapy in the company’s healthcare center Dzherelo. They will be provided with the full remedial complex, accommodation in comfortable rooms and meals. The healthcare center is of general…Details
PJSC ArcelorMittal Kriviy Rih presented its investment activity during the meeting with regional deputies and representatives of German society for international cooperation GIZ. The seminar took place with participation of Consul-General of German Federal Republic Wolfgang Mössinger and Head of Dnipropetrovsk Regional Council Gleb Prygunov. Environment, infrastructure and trade became the main seminar themes. GIZ…Details
In 2017 Polyus received $1.241 billion of net profit, down by 14% YoY, or 72.191 billion rubles, down by 24.2%. Revenue grew by 11%, to $2.721 billion, EBITDA – by 11%, to $1.7 billion. In Q4 2017 Polyus net profit dropped by 28% QoQ, to $267 million, and corrected net profit by 19%, to $242…Details