Omutninsk Iron and Steel Works is continuing the technical revamping of its repair-mechanical shop. “The main task of the shop staff is to provide the works divisions with spare parts and jigging. Lately under the technical revamp program we have purchased three CNC machines”, the shop director Yuri Prilukov said. In December the shop received…Details
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The road police of Belarus have detected a truck with metal scrap without any registration marks on the road to the Russian border. The police tried to stop the truck, but it turned to another road. When the truck entered the forest the police opened fire. After 16 shots the rear wheel was damaged. When…Details
The board of directors of Metalloinvest has decided to pay 8 billion rubles of dividends to the shareholders following the work in January-September. On the results of H1 Metalloinvest has already paid 20 billion rubles of dividends. In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY. EBITDA grew by 80.8%, to…Details
In November Yuzhniy Mining and Processing Works produced 1.079 million tons of concentrate, up by 8% YoY. According to the company statement, sinter output dropped by 3%, to 164.5 thousand tons. In January-November UGOK produced 11.361 million tons of concentrate, up by 10.8% YoY, and 1.725 million tons of sinter, down by 9.5%. In 2016…Details
The state enterprise Pervomayskugol has concluded agreements with Ekvives LLC for the delivery of 2 pump units valued at 4.8 million UAH. The agreements presuppose 100% prepayment. The products will be paid for from the state budget. The seller has to deliver the pumps to the Zolotoye mine warehouse within 45 days of the payment…Details
An accident happened at the Dneprovskaya mine of DTEK Pavlogradugol resulting in the injury to three miners. A winch rope broke off when the trolley with miners was hoisted from underground. The miners, not waiting for the breaks to start operating, began jumping out of the trolley. Injured miners have been transported to the Pavlograd…Details
In January-November Zabaykalye region extracted 12.375 tons of gold, up by 6% YoY. Silver output totaled 38 tons. Alluvial companies provided for the most output – 8.988 tons of gold. Ore gold accounted for 3.387 tons. This year 50 companies are extracting gold in the region. 10 companies provided for over 8.3 tons of gold.…Details
Electrozinc has commissioned a new site of sublime milling at its hydrometallurgical shop. Together with the start of the zinc manufacture, after the repairs in October the new ball mill was put in operation. After grinding in the new mill the sublimes are processed in the hydrometallurgical shop. Thanks to modernization impact on environment will…Details
Shareholders of the Magnitogorsk Iron and Steel Works decided to pay dividends for the operation in Q3 in the amount of 1.111 rubles per ordinary share. The total amount is around $209 million, or 59% of the company funds. This corresponds to the dividend profit of 2.5%. The shareholders entitled to receive dividends will be…Details
The member of the Mariupol city council Maxim Borodin has published on his page in Facebook a video of another major air pollution by the local Ilyich Iron and Steel Works. “In broad daylight Mariupol Ilyich is polluting the air over the city”, he wrote. “I’m sure that neither the CEO, nor the blast furnace…Details
Gold production on Russia’s Chukotka peninsula decreased by 12.34% YoY, to 23.646 tons in January-November, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on December 11. Silver production in the area fell by 18.96%, to 121.533 tons in the period. Chukotka Mining and Geological Company, a unit of Kinross…Details
Metinvest Mining and Metallurgical Group intends on December 18 to pay $6.509 million non-guaranteed interest income on eurobonds for the period from August 18 to September 18 to the holders of eurobonds with maturity of up to December 31, 2021. According to a group report on the website of the Irish Stock Exchange, the interest…Details
In 2018 RG Gold intends to increase gold output to 45-48 thousand ounces (1.4-1.5 tons) per year. “Now the capacities of our two grinding complexes allow us processing some 1.3 million tons of ore per year. When the third complex is commissioned, we will reach the annual level of over 2 million tons”, the company…Details