According to the Federal Service of State Statistics (Rosstat), in 2017 the manufacture of steel structures and their parts totaled 4.2 million tons, up by 7.9% YoY. The December 2017 results decreased by 13.8% MoM and by 1.7% YoY. The experts believe that the output decrease in the second half of 2017 has to do…
Lydian Armenia announced on January 24 that Lydian International’s Amulsar Gold Mine in Armenia has been pre-operationally certified in compliance with the International Cyanide Management Code (ICMC/Cyanide Code). Lydian’s Amulsar Project is the first project worldwide to receive Pre-operational certification since revisions to the Code, published in 2016 – following amendments to the Code, and…
The state enterprise Lvivugol has reported on the complete halt of coal purchases from the Lviv-Volyn region. Since September 2015 there has been a mechanism of mutual purchases of coal between Centerenergo and DTEK. To decrease transportation costs Centerenergo bought coal from DTEK Pavlogradugol and DTEK Dobropolyeugol, while the coal from the Lviv-Volyn basin was…
The so-called Ministry of coal and energy of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, is actively seeking sales markets for coal mined on the occupied territory of the region. In particular, the DPR representatives are trying to establish sales to Africa. (Ukrainian metal)
The increase in gold output will positively influence the economy of the Magadan region, the Council of the Federation member Anatoly Shirokov believes. In 2016 the region was one of the 3 largest gold producers in Russia. Last year Magadan region obtained 32.95 tons of gold, up by 18.2% YoY. The gold-extracting industry provides a…
Chelyabinsk Iron and Steel Works has been granted the DNV GL certificate for large-size ingots of special steel grades. The certificate allows the company to supply its products to the European market. Only a handful of companies produce such ingots in the world. ChMK started manufacturing ingots weighing up to 50 tons in summer of…
In 2017 Beloretsk Iron and Steel Works increased sales of high added valued products. In particular, the highest sales were in spring wire for machine-building and furniture manufacture – by 14%. Rebar threads for bridge construction sales increased by 13%, steel sections – by 10%. Steel wire sales grew by 9%, while welding wire for…
Gold output of precious metals producer Polymetal International rose by 21% YoY, to 1.075 million ounces, while silver production decreased by 8%, to 26.8 million ounces in 2017, it said in a statement on January 24. Total output in gold equivalent grew by 13% YoY, to 1.433 million ounces, overshooting the production plan by 2%.…