Kyrgyzstan not to agree to 100% share in Kumtor

An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…

Ukraine: AMKR finishes construction of the first stage of Centralnoye tailings pond

ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…

Russia: Izhstal speed steel sales up in 2017

In 2017 Izhstal has increased sales of speed steel products by 47% YoY. The main consumers of this steel are local military and car manufacturers: Kalashnikov Concern, Kazan Helicopter Works, Sukhoy, Kamaz, UAZ, etc. The products are also exported to Belarus (MAZ and Belcard). Izhstal is the only Russian producer of cold-rolled belt of speed…

Russia: AEM-Tekhnologii to supply machinery for Severstal sheet-rolling shop

AEM-Tekhnologii has produced for Severstal a cylinder to modernize the accumulator station of the water decaling unit at the 2000 rolling mill.

In 2015 the company supplied 2 similar cylinders to Cherepovets.

The volume of the cylinder is 9.25 cubic meters. It has successfully passed the tests. (Ukrainian metal)

Ukraine: gold and silver exports prohibited

Ukraine has retained the zero quota on gold, silver, precious metals wastes and scrap exports for 2018.

The corresponding norm is contained in the Cabinet of Ministers decree dated December 20 and published in the state newspaper Uryadovy Courier on December 23. (Ukrainian metal)

CIS: pellets exports in January-November 2017

In January-November Ferrexpo exported 9.433 million tons of iron ore pellets. In particular, Poltava GOK exported 7.07 million tons and Yeristovo GOK – 2.362 million tons. In 11 months Metalloinvest exported 4.984 million tons of pellets (Mikhailovsky GOK – 2.916 million tons and Lebedinsky GOK – 2.068 million tons). Karelsky Okatysh exported 5.038 million tons…

Ukraine: DTEK state coal purchases up in January-November 2017

In January-November DTEK Energo increased purchases of coal from state mines of the Lviv-Volyn basin by 17.4% YoY, to 668 thousand tons.

According to DTEK press-service, in November purchases grew 3-fold YoY, to 73 thousand tons, but remained on October level. (Ukrainian metal)

Ukraine: Vesco and Druzhkivka Mine Administration to pay over UAH 1 billion in dividends

PJSC Vesco and PJSC Druzhkivka Mine Administration (Druzhkivka, Donetsk region) will pay UAH 795.6 million and UAH 204.8 million of dividends to shareholders in the period from December 22, 2017 to June 21, 2018. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the shareholders made…