In January-July Krivoy Rog Iron Ore Industrial Complex produced 2.896 million tons of iron ore, down by 7.1% YoY. In July the output was 428 thousand tons. Last year KZhRK increased iron ore manufacture by 1.5% YoY, to 5.074 million tons. (Ukrainian metal)
In January-July Electrostal (Donetsk region) produced 178 thousand tons of continuous cast billets, down by 27% YoY. In July the output totaled 33 thousand tons. Last year the company increased continuous cast billets manufacture by 34.54% YoY, to 437.729 thousand tons, of which 352.148 thousand tons were exported and the rest supplied to the domestic…
In January-July Sukhaya Balka produced 1.564 million tons of iron ore, up by 15.7% YoY. In July output reached 243 thousand tons. The enterprise was prolonged the license to use subsoil for the next 20 years on November 7, 2017. Last year Sukhaya Balka increased iron ore output by 2% YoY, to 2.513 million tons.…
Russian gold producer Polymetal International has shipped the first batch of gold concentrate from the Kyzyl field to China, the company said in a statement on August 20. “Polymetal International is pleased to announce that Kyzyl has shipped first concentrate to China. On August 18 approximately 2,000 tons of gold concentrate were shipped by rail…
The construction of a separating dam at Magnitogorsk Reservoir, part of rebuilding processes of Magnitogorsk Iron and Steel Works’ (MMK) circulating water supply system, is entering its final stages. The project, at a cost of approximately 660 million rubles, will significantly reduce the environmental burden on the reservoir. This is one of MMK’s most important…
Metinvest, the vertically integrated steel and mining group of companies, has secured additional long-term supply of high-grade coking coal by investing in production cooperation and acquiring up to 24.99% of some coking coal assets in Ukraine. This is in line with the group’s strategic priority of improving its self-sufficiency in coking coal to strengthen its…
The prices of precious metals increased in Azerbaijan on August 20, according to the data published by the Central Bank. The price of gold increased by 15.708 manats, to 2016.081 manats per ounce on August 20 compared to the price on August 17. The price of silver grew by 0.2018 manats, to 25.118 manats per…
Ukrainian President Petro Poroshenko has signed a law introducing amendments to Ukraine’s state budget for 2018 regarding the payment of wage arrears to miners, the press service of the head of state has said. “President Petro Poroshenko signed the law of Ukraine on the introduction of amendments to the law of Ukraine on Ukraine’s state…