In January-February Severniy Mining and Processing Works increased pellets output by 1.6% YoY, to 1.431 million tons. Concentrate output grew by 12.8%, to 1.924 million tons. In February the company produced 595 thousand tons of pellets and 894 thousand tons of concentrate. In 2017 SevGOK decreased pellets output by 16.5% YoY, to 7.420 million tons,…
In 2017 MMK supplied 980 thousand tons of galvanized rolled metal to the domestic market, as well as 310 thousand tons of polymer-coated metal. According to the company statement, its share in the galvanized metal consumption reached 31%, and in polymer-coated metal – 15%. Exports of galvanized metal to far foreign countries last year totaled…
The state enterprise TALCO and its subsidiaries have signed 5 contracts valued at $460 million with Uzbekistan companies. In particular, Uzbekneftegaz will finance the commissioning of 200 electrolytic baths. The total cost of this agreement, to be carried out in 2018-2020, is $320 million. Krantas Group will help create a joint venture to produce automobile…
In January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY. According to the State Statistics Committee, in February gold output totaled 608.3 kg. Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY. Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)
In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…
Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…
As a result of a cave-in at the Gaysky GOK mine two miners were damaged. This is the third accident at the enterprise in a month. The employees are in the emergency clinic. The regional union promised to help. (Ukrainian metal)
The Siberian Mining and Metallurgical Alliance has decided to postpone the commissioning of the first stage of Ozernovsky Iron and Steel Works in Kamchatka for a month. Now the line with the capacity of 100 thousand tons of ore per year (2 tons of gold) will be put into operation in late April. “It is…
