In 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…
Far East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region. The prospecting will last for 3 years, from Q2 2018 till Q4 2020. The total size of the territory is 270 square km. (Ukrainian metal)
For three years MMK-Metiz together with the Magnitogorsk State Technical University named after Nosov have been creating import-substituting nanostructured rebar ropes. With the help of the Ministry of education and science subsidy the company has developed and implemented a technique to produce rebar ropes with nanostructure. The rope specifications exceed prEN 10138-3.3, as well as…
In January-March Elgaugol LLC mined 1.2 million tons of coal, up by 43% YoY. Coal processing increased by 21%, to 585 thousand tons. Sales totaled 962 thousand tons, up by 47%. “This year we had a good manufacturing start. The quarter results became the logical continuation of the successful operation last year”, the company managing…
Rusal has implied an emergency plan and asks its customers to pay in euros, not dollars, thus trying to avoid US sanctions. “The company has started a protection plan, just like Iran”, a source reported. Some years ago Iran used gold, oil and Japanese yen to pay for goods. Several Rusal clients have already started…
Residents of Toguz-Toro district of Jalal-Abad region hold a rally and set a gold-processing plant under construction on fire. About 3,000 people took part in the protest. “The main requirement of the local residents is to close the plant as it is harmful to the environment. At the moment, other people are joining the protest,»…
In 2017 Ukraine imported 2.66 million tons of anthracite from Russia, or 78.6% of the total imports. According to the state enterprise Gosvneshinform, imports totaled 3.38 million tons, up 3-fold YoY. “99.5% of all coal from Russia was imported via middlemen. Average price was $99.3 per ton. Directly Russia supplied only 12.1 thousand tons with…
Yenakievo Iron and Steel Works, situated on Ukraine-uncontrolled lands, saw a fire on April 6 in the converter shop. According to the so-called Emergency Ministry of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, the fire has destroyed computer monitors, cables on the size of 50 square meters, and some equipment.…