ArcelorMittal’s Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment has been seized following a security service investigation, the plant’s acting head Oleksandr Ivanov said. The probe into Ukraine’s largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelensky, who has promised…
In Karaganda region Prime Minister of the Republic of Kazakhstan Askar Mamin participated in the grand opening of a ferroalloy plant and visited several mining and processing enterprises. The head of government congratulated those present on the launch of a new ferroalloy plant, underscoring the importance of a high-tech enterprise for further socio-economic development of…
Uzbekistan produces more than 100 tons of gold annually. Navoi and Almalyk mining and metallurgical plants account for 20% and 70% of the total precious metal production in the country, respectively. Uzbekistan intends to bring the annual gold and silver production to 300 tons by 2021, according to the Ministry of Justice. This is envisaged…
In May Russia imported 818 tons of magnesium, including scrap, down by 4.8% MoM, but up by 549.3% YoY. In 5 months imports grew by 32%, to 3.7 thousand tons. China decreased deliveries in May by 13%, to 704 tons, followed by Hong Kong – 12.7%. In monetary terms imports since the start of the…
In January-June Vorkutaugol, one of the largest coal-processing companies in Russia, increased output by 44% YoY. In particular, coal manufacture grew by 6%, to 4.3 million tons. Metallurgical coal output increased 4-fold, to 332.5 thousand tons. In H2 Vorkutaugol intends to commission two long faces at the Troynoy layer of the Vorkutinskaya and Zapolyarnaya mines.…
This year the Aldan district of Yakutia has set a record of gold output – 12.6 tons. “This means there is a development, new techniques are implemented, new jobs are created, and the district itself is developing”, the Yakutia governor Aisen Nikolayev noted while visiting Polyus Aldan gold-extracting factory. According to him, gold extraction is…
Krasnoyarsk region governor Alexander Uss has visited Boguchansky Aluminum Works where a construction of a foundry complex with the capacity of 120 thousand tons is drawing to an end. The alloys to be produced by the new line will be used in car manufacture. This is the first official visit to the site after the…
The authorities of Chelyabinsk region want to relaunch the manufacturing sites of Ufaleinickel, shut down several years ago. The regional governor Alexei Teksler has visited the town of Verkhniy Ufalei and the site of the plant. The main thing is to find investors. So far, only small investors have shown interest to the site. If…