Poliarm LLC intends to continue geological exploration at the Lichkvaz-Tey gold and copper deposits. Poliarm bought 100% of the Armenian company, owner of the license to develop the deposits, in 2015. JORC resources of the deposits are estimated at 600 thousand ounces (18.7 tons) of gold equivalent. The Lichkvaz contains 4.3 million tons of ore…
As of June 1, Priisk Solovievskiy has mined 656 kg of gold on the territory of Amur region. According to deputy CEO on economic issues Victor Sizhuk, the goal was 113.9% fulfilled. Solovievskiy mine provided the main volume of output. The mine operates all the year round. Alluvial sites are developed from May to October.…
Izhstal has capitally repairs a finishing line of the Xetran bar mill. The line is used to turn, polish and burnish hot-rolled metal. All the process is automated. Izhstal operates two more finishing lines made by Kieserling. The combined output of the lines is 35 thousand tons per year. (Ukrainian metal)
Uralmashzavod has successfully finished the main tests of one the largest winder machines on the world market, which can lift 50 tons of ore from the depth of 1300 meters. Gaysky Mining and Processing Works will be the first buyer. The construction of the machine began last year. Uralmashzavod is the only producer of winders…
In January-May Ukraine mined 13.9 million tons of coal, up by 0.2% YoY. According to the Ministry of energy and coal industry, state mines provided for 1.85 million tons of coal, up by 7.6% YoY. Power-generating coal output last year dropped by 14.6% YoY, to 34.916 million tons. (Ukrainian metal)
In January-May Ukrainian metal companies increased electricity consumption by 10% YoY, to 4.93 billion kW-h. In May natural gas consumption remained on the April level – 140 million cubic meters. In January-May 790 million cubic meters of gas were consumed. (Ukrainian metal)
In January-May Ukraine produced 25.22 million tons of iron ore concentrate, down by 1% YoY. In particular, sinter output increased by 22%, to 13.69 million tons, and pellets – by 12%, to 8.81 million tons. In May deliveries of iron ore raw materials to Ukrainian companies grew by 1% MoM, to 2.56 million tons. Iron…
In May 368 thousand tons of scrap were procured in Ukraine, up by 14% MoM. Of this 333 thousand tons were imported, up by 35% MoM. Scrap exports dropped to the 46% of the April volume, to 35 thousand tons. In January-May scrap procurement grew by 10%, to 1.561 million tons, with 1.31 million tons…