Russian Copper Company has purchased technologies and equipment from Finnish companies for its enterprises in Russia and Kazakhstan valued at over 300 million euros. According to the group president Vsevolod Levin, these are ball mills, flotation equipment, converters and other machines, used to extract and process copper ore and produce refined copper. The Finnish companies…Details
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The Uzbek State Committee for Geology and Mineral Resources and the Turkish Ministry of Energy and Natural Resources signed an agreement on geological exploration. Exploration will be carried out at the promising areas – Khurob, Aydim-Dzhetymtau and Sarytau ore field – in two regions of Uzbekistan. Turkish side will explore gold in Khurob square, located…Details
In 2017 Avdiivka Coke and Chemical Works increased net income 2.1-fold YoY, to 24.899 billion UAH. According to the company statement, its net profit grew 3.52-fold, to 2.850 billion UAH. Undistributed profit as of late 2017 totaled 7.015 billion UAH. Last year the company produced 2.628 million tons of blast furnace coke, up from 2.397…Details
A fire broke out on the territory of the Kapitalnaya mine of the state enterprise Mirnogradugol. When the fire brigades arrived at the site they found out there was thick smoke on the fourth floor of the 5-story building on the territory of 360 square meters. 7 people have been evacuated from the premises. The…Details
Prices on gold, platinum and palladium in Azerbaijan decreased on may 2, while that of silver increased, says the message published by the Central Bank. Thus, compared to May 1, the price of gold fell by 3,349 manats, to 2227.2805 manats per Troy ounce, while silver rose in price by 0.0494 manats, to 27,7224 manats.…Details
The Chief state expertise agency of Russia has approved the first stage of the Zashulanskoye deposits pit development in Zabaykalye region. Razrezugol LLC is carrying out the project. The company plans to carry out mining operations, as well as construct a coal warehouse and inner road network. The enterprise is expected to reach its project…Details
Dalnevostochnoye PGO, a part of the state geological holding Rosgeologia, will continue prospecting for gold at two promising sites in Amur region in summer and carry out regional research on 4 more sites. The two promising sites are situated on the territory of Selemjinsky and Tyndinsky municipal districts. The geological operations within the Solovievsky gold…Details
In January-March Siberian Coal Energy Company mined 28.6 million tons of coal, up by 1% YoY. Sales in Q1 grew by 10%, to 31.7 million tons, including non-coal goods. Exports reached 14.2 million tons, up by 10%. The main customers were China, South Korea, Japan, Taiwan, the Netherlands, Poland, Spain, Turkey and Germany. Growth of…Details
The Tajik government has reportedly agreed to give Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA) the rights for further mining of deposits if the profit made from two gold deposits doesn’t cover the cost of building the Dushanbe-2 combined heat and power (CHP) plant. TBEA top manager Zhang Xin said that according to data…Details
VaninoTransUg, a part of Kolmar, has started constructing a berth under the project to create a coal terminal in the bay of Muchka in the port of Vanino. The project has been carried out since April 2017. All infrastructure has been created. The machinery is being manufactured and has been paid for. It is expected…Details
The metal shop of Svyatogor, a part of UGMK, has put into operation 2 smoke exhausters manufactured by Krasnogvardeysky Machine-Building Works. The maximum capacity of each machine is 450 thousand cubic meters per hour. The weight of the exhausters is 16 tons each. Investments in the purchase and assembly of the machinery exceeded 60 million…Details
In 2017 Komsomolskoye Mine Group, situated in Ukraine-uncontrolled territory, received 370.17 million UAH of net loss as opposed to 20.93 million of net profit in 2016. The company net income fell 11.9-fold, to 30.356 million UAH. Undistributed profit totaled 243.284 million UAH. Last year the company produced 37.584 thousand tons of limestone. (Ukrainian metal)Details
While commissioning the newly repaired largest blast furnace No. 9 at ArcelorMittal Kriviy Rih, molten pig iron was spilled. The blast furnace has been in repairs since February. But while commissioning “an uncontrolled slopping of liquid pig iron occurred accompanied by a loud sound”. “The situation is under control. The blast furnace No. 9 has…Details