As of November 19, the gold-mining company Susumanzoloto has obtained 5042 kg of gold in Magadan region, up by 14% YoY. The increase is the result of the investment in the mining machinery fleet expansion. Thus, this year Susumanzoloto has purchased 3 loading complexes. During the current gold-mining season the company has invested 1.2 billion…
Russia has all the prerequisites to increase aluminum consumption from the current 6 kg per capita to 10 kg by 2020. And this is one of the tasks of the Aluminum Association, the organization chairman Valentin Trischenko declared. “For this we need to direct all our efforts to the import of all industries. We hope…
In January-October Severstal sold 912 thousand tons of coated rolled metal, up by 13% YoY. Galvanized metal sales increased by 20% YoY, or by 93 thousand tons, to 570 thousand tons. Polymer-coated metal sales reached 343 thousand tons, up by 2% YoY, or by 8 thousand tons. “We believe metal consumption in this sector will…
The state enterprise United company Ukruglerestructurizatsia has ordered Diviteya LLC the work on physical liquidation and environment protection within the project to shut down the mine named after Artem for 90.2 million UAH. By May 2019 the company will have to liquidate all the shafts, demolish all the buildings, recultivate land, organize landscape, plan territory…
Black Iron Inc. (Canada) has finished the new feasibility study for the construction of the Shimanovsky Mining and Processing Works in Kriviy Rih valued at $748 million. According to the document, the construction of the mine and the works will be carried out in 2 stages. The capacity of the first stage will be 4…
In the next three years Metinvest is going to buy 50 BelAZ quarry dump trucks with the lifting capacity of 30-50 tons and over 130 tons. According to the group statement, Metinvest and BelAZ have signed an agreement for long-term cooperation. Within 3 years BelAZ will be supplying Metinvest with trucks and spare parts. At…
In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…
The U.S. Department of Commerce has introduced a prohibitive antidumping import duty on carbon and alloy steel wire rod from Belarus, Russia, and the United Arab Emirates following an investigation, it said on November 22. The duty will be set at 280.02% for imports from Belarus, at 436.8-756.93% for imports from Russia and 84.1% for…