In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…
In 2018 ArcelorMittal Temirtau intends to increase steel output by 8.8% YoY, to 4.35 million tons per year. According to the company statement, metal sales are expected to grow to 4 million tons. “We also plan to produce 3.94 million tons of pig iron. We have to prove that we can reach this target, as…
The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…
In 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY. The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016. The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)
TMK Chermet has successfully passed the qualification audit as an independent supplier of scrap and ferrous metals wastes to the enterprises of the Pipe Metallurgical Company. The audit has been carried out by the Russian research institute of pipe industry. Following the check the company has been entered into the list of TMK approved suppliers.…
Izhstal specialists have capitally repaired the bar-wire mill 250. The repair was carried according to the schedule. This mill is important for the company, as it produces around 45% of the total output. In 2017 the 250 mill produced 222 thousand tons of rolled metal of structure, stainless, bearing, tool and speed steels, up by…
Russian gold producer Mangazeya Zoloto plans to raise production by 95%, to 1.5 tons in 2018, CEO and owner Sergei Yanchukov declared. The company will nearly triple geological exploration spending to 350 million rubles this year to increase the Baikal region reserves of the group to over 100 tons, he said. Production of the Savkino…
In January-November 2017 the share of Russian exports of metal and wares to far foreign countries reached 10.1%, up from 9.9% in 2016. The monetary volume of exports grew by 28%, while physical volume dropped by 3.2%. Pig iron exports decreased by 13.1%, aluminum – by 6%, ferroalloys – by 5.8%, and semi-finished products of…
