Russian precious metals producer Polymetal International increased gold production by 25% YoY, to 1.005 million ounces, while silver output fell by 16%, to 16.4 million ounces in January-September. “Continued strong performance at Kyzyl is driving our production dynamics. We now expect to exceed our full-year production guidance (of 1.55 million ounces by up to 50,000…
In January-September gold output in Magadan region increased. In particular, as of October 1 the region has extracted 36.1 tons of gold, up by 6.3 tons YoY. Silver output totaled 492.8 tons. Tenkinsky City District mined the most ore gold – 14.5 tons. Alluvial gold accounted for 15.8 tons, with Yagodinsky City District yielding 6.2…
Zlatoust Electrometallurgical Works is carrying out a capital repair of one of its main technological machines of the first rolling cycle. The repair of the continuous heating furnace will last for 21 days and will be finished on November 3. The medium-section mill-400 produces wire rod and round sections with the diameter of 25 to…
On November 25 the Zaporizhstal shareholders meeting will approve of appointing Alexander Mironenko the new CEO of the company. Mironenko will replace Rostislav Shurma. Shurma has been chairing the company for the past 7 years, and have been working for Metinvest for 13 years. In early October local media spoke of the Metinvest supervisory board…
On October 29 miners from across Ukraine intend to hold a protest meeting in Kyiv. They demand to clear their salary debts of $47 million. As of October 21 the debts to miners have reached 1.172 billion UAH. Verkhovna Rada has already passed the amendments to the state budget at the first reading. But the…
In January-September Cherepovets Iron and Steel Works decreased energy resources consumption compared with the nine months of 2018. Thus, the company was able to save 156 million rubles. In particular, electricity consumption decreased by 17.6 million kW-h, fuel – by 12.5 thousand tons and oxygen – by 19.7 million cubic meters. Energy consumption at CherMK…
Russian Copper Company plans to spend 12.2 billion rubles on upgrade of its copper plant Karabashmed until 2022, the company said in a statement. “The company plans to raise the capacity of the blister copper plant by about one-third, to 230,000 tons per year and to set up a new site for production of copper…
Employees of Dneprovsky Iron and Steel Combine have made a video address to the President of Ukraine Vladimir Zelensky, in which they ask him to nationalize the company. “The management are doing all in their power to halt the enterprise: the metallurgical giant is simply being killed – out of three blast furnaces two have…
