Russian tycoon Oleg Deripaska plans to resign from the president positions at aluminum giant UC RUSAL and multi-industry holding En+ Group. Deripaska will remain a non-executive director at boards of directors of the companies. Current CEO of En+ Maxim Sokov will become the president of the holding, while RUSAL CEO Vladislav Solovyov will become the…Details
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The government of Tajikistan has bought 5% of shares in the Zarafshon gold mining facility, a Tajik-Chinese joint venture, for $1, a source in the Tajik government said on February 15. The agreement with the Chinese side was signed by Farrukh Hamralizoda, head of the Tajik State Property Committee, on the instruction of Tajik President…Details
The state enterprise Yuzhnodonbasskoye No. 1 Mine Group has ordered the Girnyk LLC the work to replace reinforcing of the cage shaft valued at 15.17 million UAH. The works have to be carried within 3 months. The contractor has to provide a 12-months guarantee. (Ukrainian metal)Details
PJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) after blocking the receipt of raw materials from the territory temporarily uncontrolled by Ukraine has started purchases in the Russian Federation. Girish Sardana, the head of the company’s supply department, said that basically the problems in 2017 concerned the supply of raw materials. According to him, “in connection with…Details
The Kremlin will not interfere in disagreements between shareholders of Norilsk Nickel, but hopes they will not hurt its operations, presidential spokesman Dmitry Peskov declared. Tycoon Vladimir Potanin’s Interros, the owner of 30.3% in Norilsk Nickel, offered to buy a 4.95% stake in the company from Crispian Investments Ltd, affiliated with Roman Abramovich and his…Details
On February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…Details
In January the Zabaykalye region mined 281.7 kg of ore gold, up by 3.5% YoY. As of February 1, Mangazeya Mining LLC, Darkhan LLC and Novoshirokinsky Mine have been mining for gold. Silver output reached 1200 kg. Only Novoshirokinsky Mine extracts silver. In 2017 the region obtained 13 tons of gold and over 40 tons…Details
An enterprise of Rosgeologia has completed the prospecting works within the Dakhovskoye gold deposits in the Republic of Adygeia. Following the prospecting, gold-quartz-sulfide ores were found. Estimated reserves are 73.79 tons of R2 gold, including 50.98 tons with 2.8 g per ton at the Shibaba site, 13.02 tons with 1.66 g per ton at the…Details
This year Severstal will supply some 209 thousand tons of rolled metal to railroad car building companies of the United Wagon Company. Cherepovets Iron and Steel Works has been supplying sheets and coils, as well as pipes and bars to the OVK enterprises. The metal is used to manufacture various parts of railroad cars. Last…Details
In 2017 the mining industry of Kyrgyzstan paid to the budget 9,861,212.7 billion soms in taxes, the Mining and Metallurgical Trade Union reported. The organization noted that the mining industry provided more than 8.5% of Kyrgyzstan’s GDP, over 50% of the country’s industrial production and exports, and more than 15% of tax revenues. After the…Details
The Cabinet of Ministers has ordered the Finance Ministry to solve the issue of repayment of wage arrears to coal mining industry workers. The relevant report has been posted on the Finance Ministry’s website. “Under the instruction of Prime Minister Volodymyr Groysman, the Finance Ministry is involved in solving the problem of wage debts to…Details
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9%, or by 984 thousand tons, to 2.1 million tons, and coking coal – by 2.95%, or by 16 thousand tons, to 559 thousand tons. State mines decreased…Details
In 2017 Irkutsk Aluminum Works manufactured 335.208 thousand tons of high-added valued products, or 80% of the total output. In 2016 the figure stood at 72%. Last year IrkAZ produced over 419 thousand tons of metal, up by 19 thousand form the project capacity. This is the first time that the company reaches such results.…Details