In January Druza LLC extracted 68.3 kg of gold, down by 2.4% YoY. At present the company is developing the Nevskoye gold ore deposit in Irkutsk region. The development of alluvial sites will start in May and last through October. In 2018 Druza LLC yielded 944.4 kg of ore gold. (Ukrainian metal)
Karelsky Okatysh, a subsidiary of the Russian steelmaker Severstal, plans to raise investment in production by 50% YoY, or by 2.8 billion rubles, to 8.4 billion rubles in 2019, the company said. Karelsky Okatysh plans to spend the money on construction of a conveyor facility in the central open-pit mine that should make transportation of…
In 2018 Russia imported 7.137 million tons of ferrous metals, up by 4.9% YoY. In December 2018 imports grew by 3.9% MoM, to 0.487 million tons. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, waste and scrap, was 5.666 million tons, down by 0.4%. In December 2018…
The state enterprise Vostochniy Mining and Processing Works has concluded an agreement with Energy Trade Group LLC on the delivery of natural gas valued at 143.83 million UAH. This year the company will supply 13.15 million cubic meters of gas valued at 10,938 UAH per 1 thousand cubic meters. The price of the agreement is…
In January Energomashspetsstal sold 170 tons of products to 5 local companies. In particular, EMSS supplied to Azovstal, Mariupol Ilyich Iron and Steel Works, Kramatorsk Heavy Machine-Tool Works, Zaporozhkran and Magma LLC. Ukrainian customers ordered rolls, gondola frames, rods, gears, wheels, etc. (Ukrainian metal)
In 2018 Magadan region mined 401.7 thousand tons of coal, up by 21.4% YoY. The increase is due to the growth of supplies to the Republic of Sakha (Yakutia). 3 enterprises are mining for coal in the region: Kolyma Coal Company LLC, Association of Business Cooperation LLC and North-Eastern Coal Company LLC. Kolyma Coal Company…
Olkon, a part of Severstal, intends to invest 3.2 billion rubles in development this year, up 3-fold YoY. The investment program includes 130 projects. “This year we will continue improving the quality of the concentrate, as this is our competitive advantage”, the company executive director Denis Golubichniy said. In June Olkon will out into operation…
In 2018 ArcelorMittal Kriviy Rih sold 4.5 million tons of metal, down by 16.7% YoY. Ready-made products (rebars, rolled wire, etc.) accounted for 65% of sales. The share of square billet dropped by 2%, to 27%, while that of pig iron grew by 2%, to 9%. 62 countries purchased AMKR metal in 2018. The Near…