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Sberbank will provide the Sredneuralsky Copper Smelting Works with a multi-currency renewable limit on trade operations within the framework of the general agreement dated January 11. The minimum amount is 95 million euros. The money is provided until January 10, 2021. The limit of the loan is 22.77% of the company assets cost as of…
DetailsPriisk Solovievskiy, which is extracting gold in Amur region and Zabaykalye territory, intends this year to obtain 3.5 tons of gold. Just like in 2017, this year the company plans to obtain 3.1 tons of gold in Amur region. Zabaykalye territory is projected to supply 400 kg of alluvial gold. In 2017 the company obtained…
DetailsThis year Standart LLC, which extracts gold in the Khabarovsk territory, intends to obtain 80 kg of gold. The washing season will start in May. The company will wash for gold at the deposits on the Malye Bitki River. The machinery was left standing at the sites, so the company is prepared to start working…
DetailsIn January-February Amur region yielded 2823.7 kg of gold, up by 3.4% YoY, or by 93.4 kg. The main volume was provided by Petropavlovsk enterprises: Pokrovsky mine obtained 918 kg of gold and Albyn mine – 842.2 kg. At the same time Malomyr mine reported the yield of 581.6 kg of gold. Berezitovy mine (a…
DetailsKarabashmed has carried out scheduled repairs of its chemical and metallurgical machinery. All the planned work was performed in full and according to the schedule. From the moment of the complete halt of the process till the start of the furnace warming, only 9 hours elapsed. In the metal shop the company repaired the main…
DetailsIn 2017 the ChTPZ group shipped 1.988 million tons of pipes to customers, up by 16% YoY, or by 275 thousand tons. ChTPZ share in pipes sales in Russia grew last year by 1%, to 17.5%. The sales of seamless pipes increased by 19%, to 1.2 million tons. The group also sold 800 thousand tons…
DetailsThe supervisory board of Russia’s republic of Tatarstan-based Alabuga special economic area approved a $250 million cold-rolled flat metal products facility to be built by Gemont Metal until July-September 2020, the area said in a statement on March 12. The first stage of the plant will have a capacity of 770,000 tons annually. It will…
DetailsPetropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…
DetailsThe Supreme Court of London has cancelled the prohibition to Crispian Investment of Roman Abramovich and Alexander Abramov, owning 6.3% in Norilsk Nickel, to sell some 4%. Since February 16 Rusal has been struggling against the sell of Crispian share in Nornickel for $1.47 billion to Bonico Holdings, a Whiteleave company, claiming the breach of…
DetailsThe Ukrainian government is taking steps to remove Ukrainian products from under the U.S. sanctions for steel and aluminum products, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska has said. “We believe that Ukrainian products, which have been represented on the American market for a long time, do not pose…
DetailsThe court has ordered Valki-Ilmenit LLC to pay 5.92 million UAH to Irshansk Mining and Processing Works. In particular, the fine itself amounts to 1.28 million UAH, annual interest to 848 thousand UAH and inflation payment is 3.79 million UAH. The company will be paying this amount by installments (493 thousand UAH a month) till…
DetailsFor the International Women’s Day on March 8 Zaporizhstal has prepared a number of events for its women employees and the veterans of the company, as well as provided monetary aid to single mothers, mothers with many children and children with special needs. According to the company statement, all the women employees received money prizes…
DetailsKarelsky Okatysh has put into operation the forth water boiler after capital repairs. The cost of the reconstruction was 8 million rubles. Capital repairs of the water boilers are carried out once a 4-year. Previously the repair of each water boiler lasted for almost a year. Now it was possible to decrease the term 2-fold.…
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