In 2019, 5 gold deposits were discovered in the Republic of Sakha (Yakutia) in 2019. The deposit at the Tuora-Tas Brook holds the largest reserves – over 1.3 tons. The license to develop it belongs to Vostoc LLC. Dokhsun LLC estimated the reserves of the deposit at the Kener-Sala Brook at 370 kg. Three more…
Elkonskiy Iron and Steel Works has purchased a license to develop and extract gold at the Sovinoye deposit. The cost of the license is 24.2 million rubles. The reserves of the deposit are estimated at 10 tons of gold with the average content of 10 g per ton. The Sovinoye deposit is situated in Chukotka…
In 2019, Russia produced 207 thousand tons of zinc, while the consumption was 260-280 thousand tons. Thus, zinc shortage reaches 50-70 thousand tons. Kazakhstan supplies 14.84% of zinc and Uzbekistan – 2.8%. Under such conditions Chelyabinsk Zinc Works intends to increase zinc and alloy capacities. This year it is planned to produce 214 thousand tons…
NLMK-Kaluga Electrometallurgical Works has produced 5 million tons of rolled metal. The company produces some 20 types and sizes of bars and shapes. The main customers are construction companies, mostly from Moscow and Moscow region. At present NLMK-Kaluga produces steel angles (25×4 mm, 40×4.5, 50×4-5, 63×5-6, 75×5-9, 90×6-8 and 100×7-8 mm) and channels (50, 65,…
In January-February, Interpipe Steel increased steel output by 4.8% YoY, to 138.2 thousand tons. In February, the company produced 72.9 thousand tons of steel, up by 11.6% MoM. Last year Interpipe Steel increased steel output by 4.2% YoY, to 854.5 thousand tons. (Ukrainian metal)
Mechel is mulling the sale of Elga coal complex as a part of planned debt restructure. The company has been negotiating with a potential buyer since January. So far, no legally binding agreements have been concluded. In late January, it was reported that Yota wanted to buy the Elga coal deposit from Mechel and Gazprombank.…
Due to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders’ Meetings in 2020 by absentee voting, NLMK’s Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24 in the format of…
The net profit attributable to shareholders of the Russian metals and mining group Mechel dropped by 81%, to 2.409 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS). Consolidated revenue decreased by 5%, to 296.567 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) went down by 29%, to 53.428…
