In January-June Vysochaishy (GV Gold) mined 2.2 tons (71 thousand ounces) of gold, down by 15% YoY. “The drop in output has to do with the scheduled decrease of ore mining (by 13%) and processing of lower gold-containing ore (by 16%)”, the company explains. Gold sales in H1 totaled $84.1 million, down by 14% YoY.…
Dneprovsky Iron and Steel Combine has resumed the manufacture of square billets at its continuous casting machine No. 1 in the converter shop. The square billets will be used to produce metal structures at the 400/200 mill of the rolling shop. It should be noted that DMK is gradually resuming operation after a long idle…
In June Russia transported 9.4 million tons of ore, up by 2.2% YoY, and the highest result for the past 10 years. In January-June ore transportation decreased by 0.5% YoY, to 54.6 million tons. Local transportation grew by 4%, while exports dropped by 6% YoY. The main drop was seen in the exports to Ukraine…
The ArcelorMittal Kriviy Rih union has agreed with the company administration on paying for additional vacations. According to the first deputy chairman of the union Natalia Marinyuk, the text of the order has been approved. It should be noted, that, according to the current labor legislation, paying for additional vacations to its employees is the…
In January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works increased earnings by 25% YoY, to 3.9 billion rubles. Net profit went up by 54%, to 18.4 million rubles. The company has also increased its exports, as it has entered the markets of the Netherlands, Poland and UK. “In the Netherlands we will be cooperating at full scale…
The crushing and sorting factory of Mikhailovsky Mining and Processing Works has assembled a new air-purifying machine – smoke exhauster. The new exhauster’s capacity is 20% higher than that of the previous one. The new machine also has thicker walls, increasing its lifetime to 20 years. Reconstruction of the purification system is a part of…
Zagorsky Pipe Works has received a batch of rolled sheet from Uralskaya Stal. In particular, sheets for the manufacture of pipes with 530, 630, 720 and 820 mm diameter and wall thickness of 8-16 mm were delivered to ZTZ. The companies have been cooperating since December 2016. Since then UralStal has supplied around 15 thousand…
The city of Kriviy Rih was hit by an earthquake on July 29. It turned out that the earthquake was the result of explosion works at the Yubileynaya mine. Under the Soviet Union the mine was a part of the Mine Group named after the 20th Party Congress. Now it’s a part of Sukhaya Balka.…