Russia: Mangazeya Mining Ltd gold output down in H1 2018

In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…

Russia: KSGOK sales up in H1 2018

In January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…

Russia: gas supplies to MGOK suspended because of accident

The gas supplies to the Mikhailovsky Mining and Processing Works have been suspended following an accident at the gas pipeline in Kursk region.

This is the fifth accident on Gazprom pipelines since the start of the year.

Because of the accident MGOK has suspended the manufacture of pellets. (Ukrainian metal)

Ukraine: Corum Svet Shakhtera creates mine complex

Corum Svet Shakhtera has created a mine complex, consisting of a shearer, a longwall conveyer, a loader and anchoring.

While creating the complex, the machine-builders have taken into account the peculiarities of the Donbass mines, which are the main customers of Corum.

In particular, this complex was ordered by the Sadkinskaya mine. (Ukrainian metal)

Ukraine: AMKR upgrading beneficiation plants

PJSC ArcelorMittal Kriviy Rih keeps modernizing equipment. Section No. 9 of magnetic separation area was commissioned at OBP-2. 13 new separation units manufactured by Finnish company “Metso” were installed to replace 54 old ones, which enabled to reduce power consumption by 73 kW/h per day. There are five magnetic separation sections at OBP-2 in total.…

Ukraine: EBRD representatives visit AMKR

Senior Environment Adviser of European Bank for Reconstruction and Development (EBRD) Robert Adamczyk and Senior Manager for Sustainable Development and Corporate Responsibility of ArcelorMittal Аlan Knight paid a two-day working visit to ArcelorMittal Kriviy Rih. At the end of 2017 EBRD approved opening of a credit line for ArcelorMittal at 350 million euros to finance…

Russia: Seligdar losses up in H1 2018

In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…