The Uzbek State Committee for Geology and Mineral Resources and the Turkish Ministry of Energy and Natural Resources signed an agreement on geological exploration. Exploration will be carried out at the promising areas – Khurob, Aydim-Dzhetymtau and Sarytau ore field – in two regions of Uzbekistan. Turkish side will explore gold in Khurob square, located…
In 2017 Avdiivka Coke and Chemical Works increased net income 2.1-fold YoY, to 24.899 billion UAH. According to the company statement, its net profit grew 3.52-fold, to 2.850 billion UAH. Undistributed profit as of late 2017 totaled 7.015 billion UAH. Last year the company produced 2.628 million tons of blast furnace coke, up from 2.397…
A fire broke out on the territory of the Kapitalnaya mine of the state enterprise Mirnogradugol. When the fire brigades arrived at the site they found out there was thick smoke on the fourth floor of the 5-story building on the territory of 360 square meters. 7 people have been evacuated from the premises. The…
Prices on gold, platinum and palladium in Azerbaijan decreased on may 2, while that of silver increased, says the message published by the Central Bank. Thus, compared to May 1, the price of gold fell by 3,349 manats, to 2227.2805 manats per Troy ounce, while silver rose in price by 0.0494 manats, to 27,7224 manats.…
The Chief state expertise agency of Russia has approved the first stage of the Zashulanskoye deposits pit development in Zabaykalye region. Razrezugol LLC is carrying out the project. The company plans to carry out mining operations, as well as construct a coal warehouse and inner road network. The enterprise is expected to reach its project…
Dalnevostochnoye PGO, a part of the state geological holding Rosgeologia, will continue prospecting for gold at two promising sites in Amur region in summer and carry out regional research on 4 more sites. The two promising sites are situated on the territory of Selemjinsky and Tyndinsky municipal districts. The geological operations within the Solovievsky gold…
In January-March Siberian Coal Energy Company mined 28.6 million tons of coal, up by 1% YoY. Sales in Q1 grew by 10%, to 31.7 million tons, including non-coal goods. Exports reached 14.2 million tons, up by 10%. The main customers were China, South Korea, Japan, Taiwan, the Netherlands, Poland, Spain, Turkey and Germany. Growth of…
The Tajik government has reportedly agreed to give Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA) the rights for further mining of deposits if the profit made from two gold deposits doesn’t cover the cost of building the Dushanbe-2 combined heat and power (CHP) plant. TBEA top manager Zhang Xin said that according to data…
VaninoTransUg, a part of Kolmar, has started constructing a berth under the project to create a coal terminal in the bay of Muchka in the port of Vanino. The project has been carried out since April 2017. All infrastructure has been created. The machinery is being manufactured and has been paid for. It is expected…
The metal shop of Svyatogor, a part of UGMK, has put into operation 2 smoke exhausters manufactured by Krasnogvardeysky Machine-Building Works. The maximum capacity of each machine is 450 thousand cubic meters per hour. The weight of the exhausters is 16 tons each. Investments in the purchase and assembly of the machinery exceeded 60 million…
In 2017 Komsomolskoye Mine Group, situated in Ukraine-uncontrolled territory, received 370.17 million UAH of net loss as opposed to 20.93 million of net profit in 2016.
The company net income fell 11.9-fold, to 30.356 million UAH.
Undistributed profit totaled 243.284 million UAH.
Last year the company produced 37.584 thousand tons of limestone. (Ukrainian metal)
While commissioning the newly repaired largest blast furnace No. 9 at ArcelorMittal Kriviy Rih, molten pig iron was spilled. The blast furnace has been in repairs since February. But while commissioning “an uncontrolled slopping of liquid pig iron occurred accompanied by a loud sound”. “The situation is under control. The blast furnace No. 9 has…
Following the auction Drazhnik LLC has received the right to develop the alluvial gold site. The Koro-Samyr site was sold to the company for 62.634 million rubles. 2 more companies participated in the auction. Since 2001 the company has been prospecting at the site. Koro-Samyr C1 balance reserves amount to 353.4 kg of gold, while…
In January-March Nizhny Novgorod region sold 322 billion rubles worth of industrial products, up by 13.8% YoY. According to the regional ministry of industry, metal companies sold 41.8% more goods, while metal wares sales increased by 25.9%. “The metal industry growth mostly has to do with the operation of the Vyksa Iron and Steel Works.…
Chelyabinsk Pipe-Rolling Works has hosted an annual meeting of shareholders, who jointly own 98.3% of the voting shares. It was decided to distribute the net profit for 2017 in full, as well as a part of net profit of past years, to the total amount of 5.46 billion rubles to pay dividends. The size of…
Bratsk Ferroalloys Works has repaired the electric equipment of the smelting shop furnace No. 1. The furnace repaired smelts over 44 tons of FS-75 ferrosilicon for exports and up to 57 tons of FS-65 ferrosilicon for the domestic market per day. That’s some 25% of the total output. The repair was carried out in two…
In March Russia produced 5.7 million tons of steel, down by 10% YoY (5.15 million tons in February). In January-March steel output dropped by 6.7%, to 16.55 million tons. Ukraine increased steel output by 4.7% YoY, to 1.711 million tons (1.608 million tons), with 5.225 million tons produced in Q1, down by 2.8% YoY. In…
In 2017 Susumanzoloto received 1.8 billion rubles of net profit, down by 18% YoY. The company revenue grew by 31%, to 13.39 billion rubles. Gold sales revenue totaled 13.27 billion rubles, also up by 31%. Last year the company acquired three enterprises – Nedra LLC for 71.5 million rubles, Sever LLC for 705 million rubles…
Olkon, a part of Severstal, has finished the drying season, which has lasted for half a year. The drying complex has been operating in a stable mode. In the 2017-2018 season the technological and qualitative indexes of the iron ore concentrate corresponded to the standards, including by moisture content. The average capacity of the drying…
In March Russia produced 4.3 million tons of pig iron, down by 5.5% YoY (3.885 million tons in February). In January-March pig iron output dropped by 3.4% YoY, to 12.485 million tons. Ukraine increased pig iron production by 7.6% YoY, to 1.678 million tons (1.632 million tons), with 5.247 million tons produced in 3 months,…
In January-March Amur region yielded 4.24 tons of gold, down by 9.3% YoY.
Petropavlovsk mines provided for the main part of the output – 1.4 tons at Pokrovsk, 1.12 tons at Albynsk, and 0.87 tons at Malomyr.
Gold mining in Amur region in 2017 grew by 15.6% YoY, to 25.77 tons. (Ukrainian metal)
By 2021 Kolmar intends to have mined 22 million tons of coal at the Yuzhnaya Yakutia territory of rapid development. “18 million tons of coal will be extracted from mines. That’s 12 million tons at Inaglinskaya-2 mine (two stages of 6 million tons each) and 6 million tons at the Denisovsky GOK mine. 4 million…
The government has ordered to include 20 land plots into the Komsomolsk territory of the rapid development in Khabarovsk region to carry out investment projects on construction and modernization of tin-mining enterprises. The order has been submitted by the Ministry of the Far East development. As the result of the projects’ implementation, the volume of…
Karelsky Okatysh has assembled a new fine crusher. It will be in operation for some 12 years. The crusher was produced by Uralmashzavod and was equipped with the 500 kW engine. The capacity of the crusher is over 600 tons of ore per hour. The company operates 8 fine crushers. 5 have already been replaced,…