This year work will start on the largest tin deposit Syrymbet. Tin Yan Mining, the investor company, has confirmed that the excavation will start in May. Investment in the project this year will total 4 billion tenge. The project will be completed in 2021 with the total volume of investment of 100 billion tenge. (Ukrainian…
Kolmar has assembled machinery for underground coal extraction at the Denisovskaya mine with the length of 300 meters. “This will increase the monthly coal output to 250 thousand tons”, the company CEO Artem Levin said. Last year Kolmar commissioned a new 6-million ton factory and started constructing the rock excavations for the Vostochnaya Denisovskaya mine.…
In 2018 DTEK exported 486.3 thousand tons of coal, down by 35% YoY. All coal is exported by Obukhovskaya Mine Group. The decrease has to do with the growth of the sales to the Ukrainian market to minimize the anthracite coal shortage. Last year DTEK supplied 1.5 million tons of anthracite to Ukraine, up by…
According to the authorities of the Magadan region, as of January 1, there were 168 enterprises with license for subsoil use in the region. Of them 100 were developing alluvial gold and 9 – ore gold and silver. Last year 37 tons of gold were extracted, up by 4 tons YoY. In 2 years gold…
Severstal Steel Decisions has finished supplying metal structures for the construction of Kola Iron and Steel Company objects. The total weight of the structures was 825 tons. “So far this is one of the northernmost projects fulfilled by the company”, director Denis Chetverikov said. All the metal structures are covered with corrosion-resistant coating and the…
Bratsk Aluminum Works has successfully passed an audit for the correspondence to the ship classification requirements (DNV-GL-RU-SHIP) and has received a certificate for the alloys used in shipbuilding. The audit has been carried out at the request of the Kamensk-Uralsky Iron and Steel Works (KUMZ), which manufactures and supplies products to the shipbuilding plants. As…
The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…