Russia: Krasnoye gold deposits up

Kopy Goldfields (Sweden) has published an adjusted estimate of the JORC mineral resources of the Krasnoye deposits. The licensed territory in the Irkutsk region contains two sites – Krasniy and Vostochniy. The evaluation was carried out by Micon International Co Limited on the basis of prospecting works in February. The deposit resources have increased by…

Russia: Rosgeologia to look for gold on Sakhalin

Dalnevostochnoye Manufacturing and Geological Enterprise, a part of the state geological holding Rosgeologia, intends to start prospecting for gold at the Koshkinskoye field on the island of Shumshu in the Sakhalin region. The geologists will be prospecting the site with the size of 82 square km for 3 years. The enterprise will start working in…

Russia: TMK Chermet buys trucks

TMK Chermet has invested over 80 million rubles in the purchase of 16 units of modern machines, including KamAZs with crane manipulators, Volvo artics and a Liebherr loader. The new machines arrived at the scrap-procuring sites of Yekaterinburg, Volgograd, Saratov and Bataysk. They will considerably increase the speed and volumes of delivery, loading and unloading…

Russia: rolled metal consumption to grow in 2018

The rolled metal consumption is expected to grow by 3-3.5% in 2018. According to Denis Dyatlov, MMK Trading House director, consumption will grow in car manufacture and machine-building, and will remain on the same level in pipe industry. Unfortunately, the construction industry shows negative results. In January-April rolled metal consumption dropped by 2%. This year…

Russia: used pipes shadow market still large

According to Igor Malyshev, director of the Fund of pipe industry development, the pipe market is still facing the problem of quality dumping, indicated by a growth of faked products sales, in particular, used pipes, which are sold as new under forged documents. The volume of the shadow market is considerable – over 1 million…

Ukraine: Lvivugol pays April 2018 salary

The state enterprise Lvivugol has completely cleared the salary debts for April to its miners. According to a company representative, the enterprise received a payment from the state enterprise Ugol Ukrainy (Coal of Ukraine), which allowed paying April salary in full. Soon May salary will also be paid. Earlier miners threatened to go on a…