Gold production at the Kumtor mine in 2017 was 562,749 ounces or 17,503.46 kg, Public Relations Department of Kumtor Gold Company reported. Gold sales in 2017 were 550,134 ounces or 17,111.09 kg with a revenue totaling $685.2 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2017…
In January-February Avdiivka Coke and Chemical Works increased output 2-fold. According to the company CEO Musa Magomedov, at the same time in February the city of Avdiivka was on the brink of humanitarian catastrophe. “Because of the problems with electricity supply we had to shut down two coking shops to provide the city with heating”,…
Severstal has selected the supplier of the main machinery for the construction of the coking battery with coal charge tamping at Cherepovets Iron and Steel Works. Paul Wurth S.A. (Luxembourg) will supply the machinery and design the construction of the new complex. The total cost of the investment project is over 30 billion rubles. The…
Beloretsk Iron and Steel Works has put into operation new machinery in the high-strength wire shop. The modernization allowed the company to stop using acid in wire manufacture, decrease industrial wastewater volume 8-fold and considerably increase its purification. BMK began the project in 2015. Investments totaled 200 million rubles. Two new industrial lines made by…
In January-February the throughput of Russian seaports grew by 4.4% YoY, to 121.7 million tons. According to the Association of sea trade ports, in particular, the throughput of coal increased to 22.4 million tons, or by 7.5%, while that of ferrous metals – by 14.3%, to 5.1 million tons. (Ukrainian metal)
Belarus and Sudan are considering gold mining in the African country, Head of the Belarus President Property Management Directorate Viktor Sheiman said. “We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted. (BelTA/Ukrainian metal)
The state enterprise Selidovugol has concluded an agreement with Donenergoexport LLC for the delivery of spare parts for belt conveyers valued at 22.19 million UAH. The agreement provides for the payment of the goods ordered within 90 calendar days upon receipt. The spare parts are ordered for the 1/3 Novgorodovskaya, Kotlyarevskaya, Ukraina and Kurakhovskaya mines.…
In 2017 Ukraine exported 1.3 million tons of pig iron and 200 thousand tons of rolled metal to US. “Rolled metal accounted just for 1.3% of all Ukrainian metal exports. On the other hand, this is a perspective market, and our exports could have grown. So this is a bad news for us”, Ukrmetallurgprom president…