Russia will auction a license to develop the large tungsten and molybdenum field Tyrnyauzskoye in the republic of Kabardino-Balkaria until the end of 2017, the region’s head Yury Kokov said. “The auction for provision of a license for development of the Tyrnyauzskoye field is scheduled for December 28-29. State corporation Rostec will participate in it…
U.K.-based mining giant Evraz, which operates mainly in Russia, has temporarily suspended operation of the Yesaulskaya coal mine in the Kemerovo region due to a recent rockslide, the Energy Ministry said in a statement on December 21. The rockslide occurred in a blind ventilation drift on December 20, and 97 out of 100 miners evacuated…
Mechel has signed a memorandum for the delivery of coal to one of the largest cement manufacturers in the world – Jidong Cement (China). According to the document, Mechel will supply up to 3 million tons of energy-generating coal mined at the Elga and Neryungrinsky pits. The price will be determined each month. “Jidong Cement…
The authorities of Chelyabinsk region will not provide Chelyabinsk Pipe Works with state guaranties for the third time to cover its obligations to buy metal from Magnitogorsk Iron and Steel Works. According to the regional ministry of finances the company has no necessity to get such a guarantee. The regional state guarantee was granted to…
In January-September Metinvest B. V. (the Netherlands) sold 3.363 million tons of metal valued at $1.843 billion on the European market as opposed to 3.541 million tons at $1.447 billion in 9 months of 2016. According to preliminary results for January-September, in Ukraine the group sold 2.019 million tons of metal at $1.214 billion against…
The Magnezit Group, the largest manufacturer of refractory materials in Russia, has signed a memorandum of cooperation with Mitsui Bussan Metals Co Ltd (Japan) on the delivery of 4 thousand tons of refractories by 2020. In particular, the companies intend to conclude a long-term contract for the delivery of 4 thousand tons of fused magnesia.…
In November Ukraine decreased steel output by 4.9% YoY, to 1.85 million tons, having retained the 13th place among 66 countries – main steel producers, according to Worldsteel. Ukraine lags behind Taiwan with 1.9 million tons, up by 8.6% YoY. The rating is headed by China with 66.151 million tons produced in November, up by…
Magnitogorsk Iron and Steel Works was awarded by Russia’s Ministry of Natural Resources and the Environment for its active environmental protection policy. Government experts awarded MMK top marks for its large-scale environmental projects this year. The awards ceremony took place on December 12 at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational…