NLMK Group, a global steel company, has appointed Dmitriy Kolomytsyn Director, IR & Capital Markets. Kolomytsyn previously held the position of Head of Corporate Development. Sergey Takhiev, who previously headed NLMK Group’s Investor Relations, has decided to continue his professional growth in another company. Dmitriy Kolomytsyn joined NLMK Group in 2016. As Head of Corporate…Details
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The prices of main precious metals varied in Azerbaijan on May 14, according to the data published by the Central Bank. The cost of gold decreased by 0.306 manats, to 2242.9715 manats per troy ounce to the price on May 11. The cost of silver decreased by 0.0016 manats, to 28.3969 manats per ounce. The…Details
AzerGold State Company is completing the procedure of buying out the share of foreign contractors in some mines and deposits in Azerbaijan, said Zakir Ibrahimov, Chairman of the Management Board of the Company. “Works on handover and acceptance with the founding companies of the operating company AIMROC are at the final stage,” Ibrahimov said. In…Details
Last week the price of one ounce of gold in Azerbaijan increased by 5.746 manats or by 0.2568%. Accordingly, the average price of one ounce of gold stood at 2,236.57525 manats. The price of one ounce of silver increased by 0.2795 manats or by 0.994%, to 28.1539 manats. The price of one ounce of platinum…Details
The Belozerskaya mine site No. 2 of the DTEK Dobropolyeugol Mine Group mined 93 thousand tons of coal in April, up by 20 thousand tons MoM. On April 29 they set a record of coal mining, having obtained 5410 tons. Average daily output at the site is 3208 tons of coal. The combined coal output…Details
The Lugansk state military-civilian administration has presented to the Ministry of energy and coal industry the projects to open new long faces. In particular, these are the long face 13th Western at the Carbonite mine and the 4th Northern long face at the Gornaya mine of the state enterprise Pervomayskugol. The estimated coal reserves of…Details
In April direct deliveries of ferrous metals (pig iron, rolled metal, pipes and semi-finished products) to the major domestic automobile holdings (AvtoVAZ, KamAZ, GAS, Zil, Sollers, etc.) via railroad totaled 95.6 thousand tons, up by 4.5% MoM, but down by 1.3% YoY. In March the results were +17.4% and +6.9%, while in February –9.9% and…Details
In January-April Amur region obtained 5485.6 kg of gold, including 5433 kg of ore gold and 51.6 kg of alluvial gold, down by 11% YoY. In April the output totaled 1243.8 kg, down by 17% YoY. The drop in output has to do with the halt of operations at the Pokrovskoye deposits and the scheduled…Details
Novolipetsk Iron and Steel Works has started the program to replace the locomotive fleet, under which the company has already received 3 new TEM9 locomotives. Such machines have not previously been used by the company. They will replace the outdated TEM1 locomotives. In the next 5 years NLMK railroad fleet will get 27 new locomotives,…Details
Corum Druzhkovka Machine-Building Works has produced a skip for the Obukhovskaya Mine Group. The volume of the skip body is 25 cubic meters. The machine is able to get over 23 tons of mined materials to the surface in one go. The total length of the machine is 17.6 meters. Previously Corum Druzhkovka has produced…Details
In 2017 the state enterprise Vostochniy Mining and Processing Works produced 836.1 tons of uranium concentrate and mined 647.3 thousand tons of uranium ore, all down by 16.8% and by 19.9% YoY respectively. In 2011 VostGOK produced 890 tons of concentrate, in 2012 – 960.2 tons, in 2013 – 922.3 tons, in 2014 – 925.7…Details
Ural Mining and Metallurgical Company will invest about 3.5 billion rubles in development of Gaysky GOK, which exceeds equivalent figures for 2017 by 1 billion (by 34%). Over half the investment budget, about 2.25 billion rubles is planned to be channeled into implementing a project “Underground mine development” on the level of 830-1310 m. “The…Details
The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…Details