Insolvency administrator to the bankrupt KVV Liepājas metalurgs Guntars Koris has decided to sell property owned by the company at an auction, as confirmed by the administrator’s representative Dzintars Hmieļevskis. This decision was made because none of the contenders to purchase KVV Liepājas metalurgs had complied with conditions put up by creditors and had not…Details
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The joint Tajik-Chinese precious metals manufacturer Zeravshan is undergoing a reconstruction. “At present we are renewing the production line, thus mining has been suspended”, the company reported. Zeravshan is the largest precious metals miner in Tajikistan with the share of 70%. It was founded in 1994 on the basis of the gold-extracting factory, which began…Details
In 2017 the Russkiy Ugol Company mined 14.1 million tons of power-generating coal, up by 4% YoY. Krasnoyarsk region pits provided 6.5 million tons of coal, Republic of Khakasia – 4.2 million tons, and Amur region – 3.4 million tons. Pereyaslavsky pit in Krasnoyarsk region increased output by 8% YoY, to 5.6 million tons, while…Details
In 2017 Russian Railroads purchased 1 million 56.3 thousand tons of rails. In particular, Evraz sold 719.8 thousand tons and Mechel – 329 thousand tons. Some 7.5 thousand tons were purchased from Aktyubinsk Rail and Beam Works (Kazakhstan). RZhD uses rails both for new construction and for repair. In 2016 RZhD purchased 947.7 thousand tons…Details
Beloretsk Iron and Steel Works and the government of the Bashkortostan Republic have concluded an investment agreement on tax preferences for the development of the investment project on the manufacture of multi-thread steel ropes at BMK. The preferences will be provided from 2019 till 2021. And the volume of funds freed from taxes is over…Details
Tulachermet-Steel has commenced the commissioning works at the 9501 rolling mill. The assembly of the equipment started in August 2017. At present the assembly is 97% complete. The construction of the integrated foundry-rolling complex using the converter technology began in 2013. The first stage presupposes the manufacture of 1.7 million tons of sections and bars…Details
Residents of Oruktu village oppose development of Solomo gold deposit. According to them, in 2015 the company KGM Ltd. received a license to develop the field. At the same time, it pledged to pay 300,000 soms a month as a social package. However, the payments ceased after eight months. As of today, the company owes…Details
The activist of the newly created Independent Primary Union Organization of Pavlogradugol Andrei Karpenko, who has recently gone on a hungry strike, happened to be a fugitive from the uncontrolled territory of Lugansk region. According to the law-enforcing services, prior to moving to Pavlograd he has been working at a mine, now seized by the…Details
In 2017 Petropavlovsk Plc produced 13.62 tons of ore gold in Amur region, or 53% of the total output. The output increased by 9.7% YoY, or by 1.2 tons. The increase was provided by 3 out of 4 company mines: Pioner, Albyn and Malomyr. Pokrovsky mine decreased output. (Ukrainian metal)Details
Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka. The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month. By the end of the second quarter the company intends to have obtained 505 kg of…Details
Serebro Magadana, a part of Polymetal, has started processing ore from the Verkhne-Menkeche deposits. So far the gold-extracting factory has received 350 tons of ore. This ore contains 900-1600 grams of silver per ton, as well as lead, zinc and some other minerals. There is no gold in it. The factory plans to process 45…Details
Magnitogorsk Iron and Steel Works has concluded an investment contract with Danieli & Officine Meccaniche S.p.A. on the modernization of the 170 two-thread mill in the bar shop. The price of the contract is 5.5 million euros. The project is expected to be concluded in 2019. The project presupposes the modernization of the cooling rolling…Details
Chelyabinsk Iron and Steel Works has produced rails for the reconstruction of railroads near the Baikonur and Plesetsk cosmodromes. The products have been shipped to one of the Roskosmos enterprises. So far around 1 thousand tons of R65 rails have been supplied. The deliveries will continue this year. (Ukrainian metal)Details