Mining industry

Tag: Mining industry

Three defendants in Siberian gold-mining dike burst case to stand trial

Three defendants in a criminal case over a burst dike in a gold mine in Siberia’s Krasnoyarsk Region occurred in the fall of 2019 will go on tria.

17:36 31.07.2020

Two defendants in deadly mine flooding case get 2.5 years in penal colony settlement

Acting director of the Mirny Mining and Processing Division Alexander Kisilichin and former chief engineer of the enterprise Alexander Mann have been sentenced to 2.5 years in penal colony settlement each in a case over flooding of the underground mine Mir in Russia’s Yakutia and death of its employees.

10:59 20.03.2020

Investigators seek to seize gold found after deadly dam burst in Siberia

Investigators have filed a motion with court seeking to seize gold found in a safe box washed off by a burst dike in a gold mine in Siberia’s Krasnoyarsk Region.

14:00 22.10.2019

Three defendants in Siberian gold-mining dike burst case put in detention

A court in Krasnoyarsk, one of the largest cities in Russia’s Siberia, has ordered the owner of Sisim gold-mining artel Maxim Kovalkov to be detained for 2 months in a case over the deadly dike burst claiming lives of at least 15 people.

11:59 22.10.2019

Two ex-managers of Russian diamond producer detained in deadly mine flooding case

A court has detained two former managers of ALROSA diamond producer in a case over flooding of the underground mine Mir in Russia’s Yakutia and death of its employees.

12:55 07.10.2019

VTB Bank sues Mechel for $728 million

VTB Bank, Russia’s second largest bank by assets, filed on Monday a 50.2 billion rubles ($728 million) lawsuit with the Moscow Commercial Court against mining company Mechel, which has been tottering at the edge of bankruptcy.

17:08 02.02.2015

LUKOIL wins dismissal of US lawsuit over alleged fraud

Russia’s oil producer OAO Lukoil won the dismissal of a long-running action accusing the company of being engaged in an illegal scheme which led Archangel Diamond Corporation (ADC), a Canadian diamond development company, to bankruptcy.

15:09 23.12.2014

London court upholds validity of RUSAL’s purchase of Alscon in Nigeria

The London Court of International Arbitration (LCIA) has ruled in favor of RUSAL in a lawsuit the company filed against Nigeria on the validity of its purchase of the Alscon plant in that country, RIA Novosti reports citing the company’s statement.

17:28 16.10.2014

Montenegrin lawmaker brings suit over bankrupt aluminium plant

Branko Radulovic, Vice President of the Parliament of Montenegro, has filed a lawsuit against 32 individuals, including Russian businessman Oleg Deripaska and Montenegrin Prime Minister Milo Djukanovic, over bankruptcy of the Aluminum Plant Podgorica (KAP).

11:02 14.10.2014

Indian court revokes coal licenses issued since 1993

India’s Supreme Court on Wednesday revoked 214 of the 218 coal licenses issued to various private companies since 1993, India Today writes.

10:08 25.09.2014

Moscow court to hear $28 million lawsuit against Mechel affiliate on July 18

The Moscow commercial court has postponed the hearing of a RUB 947 million ($28 million) lawsuit filed by Rosbank against a company related to Russian mining and metals company Mechel until July 18, RAPSI reports from the courtroom.

13:37 14.07.2014

Sale of En+ Podgorica aluminum smelter’s assets halted by court

A Cyprus court has granted an injunction on transactions involving the assets of a Montenegrin aluminum smelter, KAP, including a recent deal to sell it to a local company, Uniprom, for EUR 28 million ($38 million), En+ Group’s Pavel Priymakov told RIA Novosti on Monday.

10:34 08.07.2014

Ukrainian government confiscates titanium assets from Firtash

The Ukrainian government has terminated the lease contract of Crimea Titan, a company of billionaire Dmytro Firtash, for two titanium mining and enrichment plants, said Prime Minister Arseniy Yatsenyuk, as quoted by RIA Novosti.

15:40 06.06.2014

Kyrgyzaltyn board chairman arrested in Centerra Gold case

Dilger Japarov, board chairman of Kyrgyzaltyn JSC, Kyrgyzstan's state-owned mining company, has been arrested on suspicion of an illegal dividend payment worth $200 million to Centerra Gold.

16:39 29.05.2014

Mechel owner could be suspended from management - report

Mechel’s creditors are ready to suspend Mechel owner Igor Zyuzin from management activity. Mechel is a major steel producer. Control of the group, which is on the verge of bankruptcy, could be handed over to the banks’ representatives, Vedomosti reports Monday.

15:06 26.05.2014

Diamond export from Customs Union simplified

The Board of the Eurasian Economic Commission (EEC) has released exporters from responsibility to put natural diamonds up for sale in the Customs Union before exporting them to other countries, according to a statement from the commission.

10:27 16.05.2014

Ukrainian businessman Firtash claims he was framed

Dmytro Firtash claims he was framed in the US bribery case tied to a $500 million titanium mining project in India, Ukrainian news agency UNN reported on Monday citing the Ukrainian businessman’s press office.

10:54 12.05.2014

US company sues Russian aluminum giant Rusal for $450k

American CITC company has filed a lawsuit with the Illinois court against Russian aluminum giant Rusal concerning contractual obligations breach, according to court documents obtained by RAPSI on Monday.

17:42 21.04.2014

Arkady Gaydamak loses another Angolan diamond trade case in London

London’s High Court of Justice held Tuesday that claims filed by Arkady Gaydamak against his business partner and diamond giant Lev Leviev should be dropped in connection with a 2001 Angolan diamond-trade agreement that went sour, according to court documents obtained by RAPSI.

17:30 16.04.2014

Ukrainian mogul Firtash faces US charges over Indian bribery scheme

Ukrainian businessman Dmitry Firtash has been indicted in the US in connection with an alleged international racketeering scheme that included the bribery of Indian government officials for titanium mineral mining rights, the US Department of Justice (DOJ) announced Wednesday.

18:00 03.04.2014