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Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The deadline for the implementation of the agreement with Centerra expired on April…
DetailsCenterra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says. In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest…
DetailsThe prices of gold, silver and platinum increased, while the prices of palladium decreased in Azerbaijan on April 25, according to the data published by the Central Bank. The cost of gold increased by 1.3515 manats, to 2256.6905 manats per troy ounce compared to the price on April 24. The cost of silver increased by…
DetailsBy the end of 2018 a document will have been prepared on the feasibility study of the sulfide phase in the operation of the Chovdar Deposit located in the Dashkasan region of Azerbaijan, Chairman of the Board of AzerGold Company Zakir Ibrahimov said. “At the moment we are producing non-ferrous and precious metals at the…
DetailsChaarat Gold Holdings Limited made a proposal in relation to the potential acquisition of Kumtor mine from Centerra Gold Inc. The acquisition would form part of a proposed three-way transaction between Chaarat, Centerra and the Kyrgyz state consortium, Kyrgyzaltyn OJSC. Chaarat has proposed that Chaarat and Kyrgyzaltyn acquire Kumtor from Centerra, in an arrangement that…
DetailsOn April 19 DTEK Dneprovskoye Mine Group yielded the 1-millionth ton of coal since the beginning of the year. Investments in the development in Q1 totaled 92.3 million UAH. Coal is mined at 5 sites. Average daily output is 9453 tons, or 598.5 tons per month. This year DTEK Dneprovskoye Mine Group intends to invest…
DetailsIn January-March Ukraine increased pig iron exports by 63.9% YoY. “Since the start of the year pig iron exports have been demonstrating a positive dynamics, having increased by 63.9%, to 850.1 thousand tons. And exports have been growing each month: in January they totaled 233.6 thousand tons, in February – 291 thousand tons, and in…
DetailsIn January-March Donetsk region mined 3 million tons of coal, down by 1.1% YoY. Coking coal share increased by 20.9%, while that of power-generating coal dropped by 6.3%. Coke output totaled 1.3 million tons, up by 14.6%. Steel manufacture decreased by 11.6% YoY, to 1.9 million tons, while that of rolled metal – by 17.7%,…
DetailsIn January-March Petropavlovsk Plc decreased gold output by 5% YoY, to 112.556 thousand ounces (3.5 tons). According to the company statement, gold sales dropped by 5%, to 112.244 thousand ounces. The average price grew by 4%, to $1295 per ounce. This year the company intends to obtain 420-460 thousand ounces of gold. Petropavlovsk Plc is…
DetailsDenis Novozhenov, who headed Evraz Ukraine, was appointed the director of the Ural division. “The division unites Nizhniy Tagil Iron and Steel Works and Kachkanarsky Mining and Processing Works. Novozhenov will continue developing Evraz assets in Sverdlovsk region according to the group strategy”, the company said. Novozhenov has been working at Evraz since 1996. This…
DetailsD-Steel (Italy) specialists have started working at the only steel works in the Far East – Amurmetal. According to the plant CEO Sergey Kuznetsov, soon the company will double rolled metal output and improve rebars characteristics. “The reconstruction of the bar-rolling shop will be carried out in several stages. The first stage will increase furnace…
DetailsSeverstal-Metiz has passed the audit of its key client – the automobile components manufacturer Sherdel Kaluga. Following the audit the company was granted the highest rating. Such audits are carried every three years. Severstal-Metiz wire is used to produce metal frames of cushions and seats. (Ukrainian metal)
DetailsThe department of fine grinding of the Uchaly Mining and Processing Works processing factory has modernized the fine grinding unit of the ball mill No. 5, having assembled the pump hudrocyclone unit of better capacity. The machine has been put into operation. “As a result we have increased the grinding of ores by 5-6%. This…
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