Ukraine: UGOK concentrate output up in August 2018

In August Yuzhniy Mining and Processing Works produced 1038.9 thousand tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output dropped by 36.2%, to 104.6 thousand tons. In January-August UGOK produced 8143.5 thousand tons of concentrate and 1055.7 thousand tons of sinter, down by 0.3% and by 12.8% YoY respectively. In…

Russia: Evraz shareholders change ownership structure

Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…

Russia: Mangazeya Mining Ltd gold output down in H1 2018

In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…

Russia: KSGOK sales up in H1 2018

In January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…

Russia: gas supplies to MGOK suspended because of accident

The gas supplies to the Mikhailovsky Mining and Processing Works have been suspended following an accident at the gas pipeline in Kursk region.

This is the fifth accident on Gazprom pipelines since the start of the year.

Because of the accident MGOK has suspended the manufacture of pellets. (Ukrainian metal)

Ukraine: Corum Svet Shakhtera creates mine complex

Corum Svet Shakhtera has created a mine complex, consisting of a shearer, a longwall conveyer, a loader and anchoring.

While creating the complex, the machine-builders have taken into account the peculiarities of the Donbass mines, which are the main customers of Corum.

In particular, this complex was ordered by the Sadkinskaya mine. (Ukrainian metal)