Lermontovsky Mining and Processing Works, a town-building enterprise of a remote settlement of Svetlogorye, has partially suspended operation to decrease heating expenses and stock raw materials for the processing factory. 80% employees are laid up until mid-April. The company has been laying up its employees for several winters in a row, paying two thirds of…
The regional state enterprise Primteploenergo has announced a tender to estimate the market value of the 100% stake in Lermontovsky Mining and Processing Works in order to take a decision on selling it. The maximum price of the contract is 3.8 million rubles. The work has to be carried out within 20 days. Earlier the…
Lermontovsky Mining and Processing Works has resumed manufacture of tungsten concentrate after almost a 3-month hold to assemble new machinery. LGOK has been experiencing problems with ore mining and sales since 2003. The mining was suspended in September 2008. In June 2013 a new LLC was created to carry out operations. In October 2016 LGOK…
Lermontovsky Mining and Processing Works intends to resume operation on April 25, when the new machinery has been tested. Since the start of the year, the company has already shipped 51 tons of tungsten. Last year Lermontovsky GOK received a subsidy from the state (250 million rubles) to resume activities. The company purchased new machinery,…
Lermontovsky Mining and Processing Works has shipped the third wagon with 100% tungsten concentrate to its customers. Since the start of operation – in November 2017 – the company has shipped over 73 tons of concentrate. By the end of January LGIK intends to have shipped one more railroad car with 24.5 tons. After that…
Lermontovsky GOK has shipped 49 tons of tungsten concentrate since the start of its operation in early November. Concentrate was shipped in two batches of 24.5 tons each. According to the company director Yuri Danilov, it has received a subsidy of 250 million rubles to buy new equipment and materials. The company operation halted in…
The acting governor of the Primorye region Andrei Tarasenko while visiting the Lermontovsky Mining and Processing Works decided to fire the company director Vladimir Kalinovsky. According to the press-service of the regional authorities, the ex-top manager of the company Yuri Danilov has been appointed the new director. Lermontovsky GOK is one of the two tungsten…
Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy. According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled. Still, until September most of the employees will not be working. (Ukrainian metal)