Pokrov Mining and Processing Works (previously – Ordzhonikidze GOK) has purchased a new JCB hydraulic excavator valued at 7.265 million UAH. A similar excavator was bought in February. The excavator with the ladle volume of 2.5 cubic meters will be operating at the ore loading, as well as construction works. As of today, the GOK…
DetailsZabaykalstalinvest has been holding the license to develop 2 sites in Zabaykalye region since 1993. The company intends to start developing the Chineysky deposits in 2018-2019. In particular, the company plans to construct a mining and processing works at the Rudny site to process copper, platinum, gold and palladium. Another works will be constructed at…
DetailsDuring the washing season of 2017 Dauria has obtained 768.2 kg of gold, up by 6.9% YoY. Next year the company has to obtain 550 kg of gold. Dauria is developing alluvial gold sites on the territory of Zabaykalye region. (Ukrainian metal)
DetailsDalgeophysica, a part of the state holding Rosgeologia, has finished the second stage of prospecting in Khabarovsk region. The prospecting will be complete in late 2018, but even now the specialists do not doubt that the Ponyisky site will be one of the largest gold-quartz and gold-copper-porphyritic deposits in the world. The size of the…
DetailsA pool of banks will provide Norilsk Nickel with a loan of $2.5 billion. Among roughly 15 lenders will be Raiffeisenbank, Unicredit Bank, China Construction Bank, Citibank, HSBC, J. P. Morgan, etc. The total sum of the deal, including interest and commissions, is 18.14% of Nornickel assets cost as of September 30. At that time…
DetailsIn January-November Russia produced 47.6 million tons of pig iron, up by 0.3% YoY. In November output increased by 1.9% YoY and by 0.9% MoM. According to the Federal Service of State Statistics, rolled metal output in 11 months increased by 0.7% YoY, to 55.5 million tons. In November the results decreased by 6.8% YoY…
DetailsThe governor of Kuzbass Aman Tuleyev wants to limit granting of coal licenses in the region and decrease output to 200 million tons. Officially, to decrease damages to the environment. This year 5 auctions for coal development have been cancelled. The existing mines provide enough coal. Over 100 coal companies operate in the region, including…
DetailsIn 2020 Glencore plans to commission the Zhairem Mining and Processing Works with the capacity of 160 thousand tons of zinc per year. This asset will replace the Maleevsky and Tishinsky mines, the operation of which will be stopped in 2023. Glencore expects the demand for zinc on world markets to grow in the next…
DetailsMining and metallurgic company Norilsk Nickel plans to issue green Eurobonds until the end of 2018, Deputy Chairman of the Board Andrei Bugrov said at a central bank meeting. “There have been no green bond issues on the domestic market yet. Norilsk Nickel is discussing an option to issue the instrument to support a program…
DetailsUnder the first stage of the investment project Naberezhniye Chelny Pipe Works has purchased equipment and started producing casing pipes for oil and gas industry. The manufacture started on the leased territories at the Chelny industrial park. The annual capacity of 48 thousand tons of pipes is expected to be reached by early 2020. “We…
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