Ukraine: Kobe Steel interested in KGOKOR

A Japanese and an Austrian company are interested in investing in Krivoy Rog Oxidized Ores Mining and Processing Works. According to the Ministry of economic development and trade, the first vice prime minister Stepan Kubiv met with Hiroshi Ishikawa of Kobe Steel. “The group of companies has developed a new technique of processing oxidized ores…

Russia: Severstal invests 48 million rubles in 2000-mill modernization

Severstal has modernized the 2000-mill in the machine-building center Tyazhmash shop. “The investment project estimated at over 48 million rubles will increase the press efficiency, improve the product quality and decrease its prime cost”, Severstal Russian Steel CEO Vadim Germanov noted. After modernization the precision of forgings increased, as tolerance dropped from 10 to 3-5…

Russia: gold output up in 2017

Russia’s gold production rose about by 6.8% YoY, to 317.660 tons in 2017, Sergei Kashuba, chairman of the Union of Gold Producers of Russia, said on March 6. Gold producers raised their output by 6.4%, to 254.216 tons in 2017, while by-product gold production gained 11.6%, to 16.459 tons, gold scrap production went up by…

Ukraine: Novogrodovskaya 1-3 and Rossiya mines sold

The Novogrodovskaya 1-3 and Rossiya mines have been sold to a new owner. According to the sources, Valery Atanov, a businessman from Makeevka, represented Eduard Bondarenko, chairman of Donbassenergo, who confirmed his relation to both mines. “By July we are prepared to put a new long face into operation at Novogrodovskaya , which will provide…

Russia: VostokUgol looking for new coal deposits in the Arctic

A new shift of 39 drillers has arrived at Dixon.

They will be responsible for the second stage of prospecting at the Reka Lemberova site.

The site is close to another site, where in 2016 the Malolemberovskoye deposit was discovered.

In 2017 VostokUgol obtained a license for coalmining there. (Ukrainian metal)

Russia: Ulan-Udestalmost cut from grid

The electricity supplier Chitaenergosbyt has cut the manufacturing premises of Ulan-Udestalmost from electric grid because of the debt in the amount of 41 million rubles. Only the boiler house of the enterprise receives the electricity, as it provides the nearby city districts with heating. This year the company intends to produce some 9.8 thousand tons…

Ukraine: employee dies at AMKR

Police has started investigating the accident resulting in the death of an ArcelorMittal Kriviy Rih employee.

On March 3 the roof of the converter shop under repair collapsed, killing one person.

On March 4 the body was found.

The person killed was born in 1992. (Ukrainian metal)

Russia: Susumanzoloto profits down in 2017

In 2017 Susumanzoloto received 1.816 billion rubles of net profits, down by 28.4% YoY. Revenue grew by 29.9%, to 12.925 billion rubles. Sales profit dropped by 15%, to 2.474 billion rubles. Last year the company sold 5415 kg of gold, up by 47.1% YoY. As of December 2017 Susumanzoloto had 49 licenses. Its estimated C1…