Russia: Nazarovsky pit mines 470 million tons of coal

On March 1, the 470-millionth ton of coal was mined at the Nazarovsky pit, since the enterprise has been put into operation.

Last year the output totaled 3.5 million tons, exceeding the target.

The 450-millionth ton was produced in 2013.

Nazarovsky pit started operating 68 years ago – in 1951. (Ukrainian metal)

Ukraine: Trubostal switches to losses in 2018

In 2018 Trubostal received 687 thousand UAH of net losses as opposed to 14.806 million UAH of net profit in 2017. The undistributed profit totaled 21.419 million UAH. The company current liabilities dropped by 4.2%, to 198.088 million UAH, while the long-term liabilities remained unchanged at 9 million UAH. Accounts receivable fell by 15.2%, to…

Russia: MMK increases production energy efficiency

Magnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…

Russia: mine collapses in Kemerovo region

Rescuers have evacuated seven miners from the emergency section of the Karagailinskaya mine in the Prokopyevsky district of the Kemerovo region, where the rock collapsed, a representative of local emergency services reported. A total of 59 people were in the mine at the moment of collapse, including seven people on the emergency section. One miner…

Uzbekistan: gold reserves to grow

The government of Uzbekistan has drawn up a plan of prospecting works to increase gold reserves from 2020 to 2024 by 474 tons. According to the plan, the gold reserves have to increase due to the opening and the further development of new gold deposits. As of the end of 2019 the gold reserve has…

Russia: Russky Ugol coal sales up in 2018

In 2018 Russky Ugol increased coal sales by 100 thousand tons.

The coal mined in Amur region is supplied to the local market.

In particular, the company sold 3.5 million tons of coal mined at the Yerkovetsky and Severo-Vostochniy pits.

In 2017 sales were on the level of 3.4 million tons. (Ukrainian metal)

Russia: steel exports down in January 2019

In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, steel semi-finished products accounted for 1.306 million tons, up by 9.3% YoY. Flat rolled metal exports dropped by 10.5%, to 0.652 million tons. In monetary terms ferrous exports decreased by 6.6%, to $1.567 billion, with…