By the end of the year Central Asia Metals intends to have concluded the deal on buying 100% of Lynx Resources Limited, which owns zinc-lead-silver deposits SASA in Macedonia. The deal is estimated at $402.5 million. In H1 SASA yielded 391 thousand tons of ore, producing 10.7 thousand tons of zinc and 14.9 thousand tons…
Korshunovsky Mining and Processing Works has started supplying iron ore concentrate to the Elgaugol LLC Elga factory. So far the first batch of 190 tons has been shipped. By the end of the year KGOK will have supplied some 1140 tons of concentrate. In 2018 the Elga factory will be receiving 190 tons of concentrate…
The Zeyskaya Taiga LLC, which extracts alluvial gold in Amur region, has so far obtained 80 kg of gold, up from its target of 65 kg. According to the company statement, the season is expected to be completed in early October. In 2014 the company yielded 14.3 kg of gold, in 2015 – 32.2 kg,…
In 2017 zinc output at Chelyabinsk Zinc Works could grow by 5% YoY, to 183 thousand tons. According to the company CEO Pavel Izbrecht, indium output should total 4.5 tons. Favorable market situation allowed the company in 2016 to get the revenue of 28 billion rubles and the net profit of 3.2 billion rubles, investing…
By 2018 Sakha Sino Stal will have completed the construction of a plant to produce metal structures with the capacity of 500 tons per month near the city of Yakutsk. The structures will be made of steel used under low temperatures. Sakha Sino Stal was registered in September; its main activities are manufacture of metal…
Mechel-Service has shipped over 5 thousand tons of rebars for the housing construction in the city of Rostov-on-Don. The metal is used in the construction of a number of housing projects, in particular, Nikolayevsky, Yekaterininsky, and Arbat. All the rebars have been produced at Chelyabinsk Iron and Steel Works. “We have positive expectations of the…
In January-August industrial output in Donetsk region (not counting the antiterrorist operation zone) dropped by 12.6% YoY. In August metal output decreased by 16.9%, coke – by 17.5% YoY. In 8 months metal manufacture dropped by 7.5%, coke – by 23,7%. Coalmining totaled 7.2 million tons, down by 24.6% YoY, or by 2.3 million tons.…
DTEK intends to increase gas-coal output to 25 million tons per year to be able to fully cover Ukraine’s need in the fuel. “We have enough gas-coal stocks. But this is the matter of state policy, the issue of price creation and the market tools, which have to work. Coal industry needs constant investments”, the…