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GV Gold has won an auction for geological exploration and development of ore gold on the Ergelyakh block in the republic of Yakutia, the company said in a statement. Ergelyakh is located 30 kilometers off the Drazhnoye deposit of GV Gold’s Tarynsky ore-enrichment plant. Ergelyakh’s forecasted ore gold resources stand at 0.12 tons under the…
DetailsIn July-December 2018, Coal Energy S. A. decreased net losses by 15.1% YoY, to $7.31 million. Income grew by 32.2%, to $6.96 million and EBITDA – by 55.1%, to $1.22 million. Coal mining increased by 27.8%, to 70.3 thousand tons, including 68.3 thousand tons of coking coal, up by 39.7%. Sales growth was 19.5%, to…
DetailsA draft decree has been registered in the Verkhovna Rada. It presupposes canceling the voted draft decree on the increase of scrap export duty from 42 euro to 58 euro per ton. According to the accompanying note, because of the implementation of this decree, the balance of interests of all participants will be lost, and…
DetailsSince the start of the year and as of March 3, Polyus Aldan has produced 1 ton of gold. In 2017 the first ton was produced on March 13, and in 2018 – on March 6. In 2018 the enterprise produced 6.2 tons of gold. (Ukrainian metal)
DetailsThe warehouse complex of ChTPZ has supplied 174 tons of large diameter pipes for the construction of a bridge over the Ob River. The pipes for the Novosibirsk bridge were produced at the Chelyabinsk Pipe Rolling Plant. The batch comprised electric-welded pipes with the diameter of 530 to 1220 mm and the wall thickness of…
DetailsUralelectromed has started preparations to laying the foundation for the third stage of the copper electrolysis shop. All the foundation work is expected to be completed in June 2020. The new site will house one circulation system consisting of 224 electrolysis baths with auxiliary equipment. (Ukrainian metal)
DetailsIn order to create safe labor conditions Russian Copper Company enterprises gradually implement the integrated management system according to ISO 14001:2015 and OHSAS 18001:2007. In February Karabashmed passed the first supervisory audit of the systems. The certificates were received in June 2018. (Ukrainian metal)
DetailsIn 2018 ChTPZ net profit grew 1.9-fold YoY, to 7.7 billion rubles. Sales revenue increased by 13%, to 178.84 billion rubles, and gross profit – by 17.9%, to 44.29 billion rubles. The product prime cost went up by 11.5%, to 134.56 billion rubles. The company fixed liabilities dropped by 5.3%, to 74.2 billion rubles. (Ukrainian…
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