Highland Gold Mining Limited has reassessed the ore reserves at the Mnogovershinnoye deposit according to JORC (2012). Thus, gold quantity in ore as of January 1, 2018 increased to 771,569 ounces from 452,866 ounces. Gold contents dropped from 5.5 g per ton to 2.7 g per ton due to the considerable increase in ore volumes…
In December 2018 Ukraine produced 1.89 million tons of steel, 1.83 million tons of pig iron and 1.52 million tons of rolled metal, all up by 14%, 12% and 3% YoY respectively. The output increase is due to the completion of repairs at some enterprises. Also, last year Ukraine produced 60.32 million tons of iron…
Ukraine: gas consumption at metal plants up in 2018Ukraine: gas consumption at metal plants up in 2018
In 2018 Ukrainian metal enterprises consumed some 1.84 billion cubic meters of natural gas, up by 4% YoY.
In December 2018, gas consumption grew by 13% MoM, to 170 million cubic meters.
Energy consumption last year was 11.76 billion kW-h, up by 6% YoY. (Ukrainian metal)
In 2018 Ukraine procured 3.67 million tons of scrap, down by 2% YoY. Of this amount local companies received 3.34 million tons, up by 3%. 0.33 million tons were exported, down by 33%. In December 2018, 317 thousand tons of scrap were procured, up by 1% MoM, with 309 thousand tons supplied to local metal…
The Chairman of the Board of Directors of PJSC Magnitogorsk Iron and Steel Works (MMK) Victor Rashnikov made a statement in connection with the decision of the president of the Russian Federation Vladimir Putin regarding relocating residents of the building affected by the tragedy in Magnitogorsk. “In the first hours after the terrible tragedy that…
According to Ukrmetallurgprom, in February Ukraine will produce 1.7 million tons of steel, 1.6 million tons of pig iron and 1.5 million tons of rolled metal. As of January 16, 20 out of 21 blast furnaces, 8 of 9 open-hearth furnaces, 15 out of 16 converters, 6 out of 15 electric arc furnaces and all…
The Central Court of Appeals made the decision to return Zaporozhye Titanium and Magnesium Works to state ownership more than a month ago. But it still has not come into effect. The Special Anticorruption Prosecutor’s Office has asked the State Property Fund and the Prime Minister to intervene. In particular the office asks to develop…
The prosecutors of the Yamalo-Nenets Autonomous District have checked the compliance with the environment legislation by Chelyabinsk Electrometallurgical Works.
As a result, multiple violations have been found.
In particular, ChEMK pollutes the Makar-Ruz and Yengai rivers, stores wastes, and violates fire and industrial safety.
The company has been fined for 1.5 million rubles. (Ukrainian metal)
In 2018 Lermontovsky Mining and Processing Works produced 375 tons of tungsten concentrate valued at 528 million rubles, up from 79 tons and 98 million rubles in 2017.
Ore mining grew from 78 tons to 98 tons.
Average salary increased to 31 thousand rubles from 24 thousand rubles. (Ukrainian metal)
In 2018 Russian Railroad purchased 985.5 thousand tons of rails.
EvrazHolding LLC supplied 775.6 thousand tons and Mechel – 209.9 thousand tons.
In particular, RZhD bought 519.1 thousand tons of 100-meter rails: 204.7 thousand tons from Mechel and 314.4 thousand tons from EvrazHolding. (Ukrainian metal)
In 2018 Irkutsk region mined 24.838 tons of gold, up by 8.5% YoY.
Ore gold accounted for 13.935 tons, while alluvial for 10.9 tons.
Three enterprises covered 53% of the output (12.991 tons) – Polyus Verninskoye, Ugakhan and Vysochaishiy.
Alluvial gold leaders were Vitim and Lenzoloto (7.53 tons). (Ukrainian metal)
Karelsky Okatysh has put into operation a new 20 EKG-20 excavator with the capacity of 20 cubic meters.
Another such excavator, produced by Uralmashzavod, has been operating at the company for over 10 years.
The ladle can take up to 40 tons of rock.
A dump truck is fully loaded in 3 minutes. (Ukrainian metal)
In 2018 Elgaugol LLC mined 4.9 million tons of coal, up by 18% YoY.
The rock excavation exceeded 19 million cubic meters, up by 5%.
Coal processing grew by 11%, to 2.5 million tons.
3.4 million tons were sold, up by 18%. (Ukrainian metal)
Kenes Rakishev, the largest shareholder of Petropavlovsk, is prepared to buy 10-15% of IRC, if it decided to sell it. The group owns 31.1% in IRC, the only manufacturer of iron ore on the Far East. The company is operating at Kimkano-Sutarsky Mining and Processing Works. Rakishev believes now is a good time for a…
Severstal has chosen a contractor to carry out main works to construct a coke-oven battery No. 11 at Cherepovets Iron and Steel Works with the design capacity of 1400 thousand tons per year.
The main contractor is Koksokhimmontazh (Moscow).
The subcontractors are Intech (St. Petersburg) and Koksokhimmontazh-2 (Cherepovets). (Ukrainian metal)
The price of gold, platinum and palladium increased in Azerbaijan. The price of gold grew by 3.026 manats, to 2,195.6265 manats per ounce on January 17 compared to the price on January 16. The price of silver dropped by 0.0316 manats, to 26.4503 manats per ounce. The price of platinum went up by 6.5875 manats,…
The British Anglo Asian Mining Plc. company, engaged in the gold, silver and copper extraction in Azerbaijan, increased the gold production in Gadabay by 17%, to 83,736 in 2018, the company said. During the reporting period, the company mined 72,798 ounces of gold, 1,645 tons of copper and 210,184 ounces of silver. Gold production increased…
The U.S. Senate’s rejection of a bid to block the easing of sanctions on Russian aluminum company Rusal PLC will have the practical effect of reducing pressure on an Armenian aluminum mill, reported the Armenian National Committee of America. The mill, owned by Armenal, employs 700 in Yerevan, indirectly supports thousands of area families, and…
Severstal Steel Decisions has produced an additional set of crane beams weighing over 72 tons to be used to replace crane machinery over the mill-2000 at the Cherepovets Iron and Steel Works. The structures have non-standard sizes: the length of the main beam is 2 meters, while the weight is over 10 tons. This is…
Last year Uzmetallsavdo sold 30-35 thousand tons of various metal products.
This year it is planned to reach 70 thousand tons.
The company is a major metal supplier. Its clients are Almalyk and Navoi metal plants, as well as construction companies.
In November 2018 the company celebrated its 80th anniversary. (Ukrainian metal)
Cherepovets Iron and Steel Works, without shutting down manufacture, is finishing assembling the coil-rewinding machine with the capacity of 650 thousand tons per year. The total cost of the project is 1.2 billion rubles. The commission of the machine is scheduled for February, and it is exCherepovets Iron and Steel Workspected to reach the design…
The Verkhovna Rada committee on industrial policy has unanimously supported the draft bill No. 9474, which presupposes the increase of the scrap export duty from 42 euro to 58 euro per ton for 3 years. According to the committee chairman Victor Galasyuk, the new “metal law” will liquidate the raw material shortage for the metal…
A ceiling of the unused culture house belonging to ArcelorMittal Kriviy Rih between the third floor and the roof with the size of 1 thousand square meters collapsed.
One person was injured.
The total size of the floor is 2 thousand square meters.
The accident happened on January 15. (Ukrainian metal)