Metals and mining

EVRAZ to sell the Vysokogorsky GOK to the company Ural for $20 million

EVRAZ plc has signed a contract on sale of its enterprise Vysokogorsky ore-dressing and processing enterprise (VGOK) to the company Ural for $20 million, taking into account absence of debt obligations at the VGOK’s balance, the company reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rusal not to stop the second line of Novokuznetsk aluminium plant

The company Rusal hasn’t made a decision on closure of the second line of the Novokuznetsk aluminium plant, the company’s press centre reported.
Earlier the agency Reuters reported, referring to the First Deputy General Director of the company Vladislav Soloviev, that Rusal had closed the first line of the Novokuznetsk aluminium plant and “considers the second one; this will mean the full closure of the enterprise in Novokuznetsk”.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Coal production at Taldinskya-Zapadnaya-2 has reached 2 million tons

In January – September, the team of D. Godin extracted 2 million tons of coal at the Taldinskya-Zapadnaya-2 mine. Monthly yield was 300,000 tons. Coal reserves in the face are over 1 million tons, and the team is going to extract 3 million tons of coal before the end of the year, the same as in 2011.
Translated by Nadezhda Poltoratskaya              

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Victor Rashnikov is again among the business-leaders of Russia

An Association of Russian managers and “Kommersant” publishing house have introduced the XIVth annual rating of leading managers of the country.
The rating “Top-1000 Russian managers”, published in newspaper supplement of “Kommersant” is an instrument of an objective assessment of professional reputation of the Russian leading top-managers.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russia may ban to import Ukrainian coal because of too high sulfur content

On September 20, the Governmental FEC Commission will consider an issue on reasonability to import coal with high sulfur content (over 1%) to Russia because of negative ecological consequences for population at territories that are near the generating capacities, the Vedomosti writes on Thursday, referring to a representative of the Ministry of Energy.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Nordgold reaches out to South America – the company to work in French Guiana

Nordgold of Alexei Mordashov may become the first Russia gold producer in South America. The company received an option for joint with Canadian Columbus Gold development of the large deposit Montagne d'Or in French Guiana. Experts note that Nordgold has to resort to overseas expansion because the resource base in Russian and the CIS states has been distributed among other players and potential of the reserves increase at Nordgold’s projects is small.
The gold-mining company Nordgold, controlled by Alexei Mordashov, has received a three-year option from Canadian Columbus Gold Corp for purchase of 50.01% of the company Sotrapmag Sas’ shares, which owns a license for the Montagne d'Or deposit in French Guiana (South America). The predicted resources of Montagne d'Or are 4.15 million ounces of gold, the metal content is 2.2 g per ton.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Kamensk-Uralsky non-ferrous metal working plant expanded the geography of export supplies

Kamensk-Uralsky non-ferrous metal working plant has expanded non-ferrous rolled stock
export geography over the 6 months of 2013. The enterprise has organized supplies to new clients from Europe, Baltic States and the CIS countries.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

UGMK to construct a safe furnace at Svyatogor

UGMK will construct a safe furnace at Svyatogor (UGMK, Krasnouralsk) and increase copper production by 20% without any damage to ecology.
In 2013 the investments in the project will make up 198.2 million RUR. Totally UGMK is going to invest about 5 billion in technical re-equipment of Svyatogor.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Highland Gold decreases capital expenses forecast-2013 by 29%

The British company Highland Gold Mining (HGM, 32.6% belong to Millhouse of Roman Abramovich), which mines gold in Russia, has decreased its capital expenses forecast by 29.3% in the current year to $140 million as compared with plans, voiced in April ($198 million).
“Our capital expenses forecast in 2013 is $140 million,” – the company’s Financial Director Alla Baranovskaya reported during the phone conference.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Petropavlovsk sells its placer deposits in Kolyma for $25 million

Petropavlovsk Plc. has signed an agreement with Susumanzoloto Plc. (the Magadan Region) about selling its 76.62% in Berelekh Plc. dealing with the development of placer gold deposits in Kolyma, the gold mining company reports.
The amount of the transaction makes up $25 million. The company is going to obtain the approval of FAS and the shareholders. The funds obtained will be spent on the reduction of debt.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer