Russia: gold output up in H1 2017
In January-June Russia increased raw and semi-raw gold, as well as powder output by 7.4% YoY. According to the official statistics, June output increased by 10.5% YoY and by 50.7% MoM. (Ukrainian metal)
Ukraine: Corum Group delivers trolleys to Vorkutaugol
In July Druzhkovka Machine-Building Works, a part of Corum Group, finished manufacturing and supplied 8 trolleys and 3 locomotives to Vorkutaugol. The machines will be used to transport people and cargo in mines. This is not the first order – Vorkutaugol mines have been receiving trolleys and locomotives since 2013, with the latest delivery occurring…
Russia: Kinross Gold preparing Moroshka and Sentyabrskoye deposits for development
Kinross Gold is preparing to start developing the Moroshka and Sentyabrskoye deposits in Chukotka. Moroshka reserves are estimated at 6.86 tons of gold and 60-70 tons of silver, enough for 2 years. Kinross Gold started operating at the Kupol deposits in 2008, and the Dvoynoy deposits are being developed since 2013. The combined reserves at…
Russia: Yakutugol invests 3.5 billion rubles into modernization
In 2017 Yakutugol plans to invest some 3.5 billion rubles into technical revamp of its subsidiaries. According to the manufacture director Ivan Tsepkov, investments will grow 3.5-fold YoY. This year the group has already purchased three Liebherr R9200 excavators, two Uralmash excavators and three KamAZs for its Neryungrinsky open-pit. Jebariki-Haya pit will receive equipment and…
Russia: BMK premium products sales up in H1 2017
In January-June Beloretsk Iron and Steel Works increased sales of its premium products by 5.5% YoY. In particular, BMK sold 237 thousand tons of metal wares, up by 1% YoY. Wire, rods, sections and ropes showed the increase of 2.6-fold. Sales of steel mesh and structural shapes increased by 42% and by 34% respectively. Steel…
Ukraine: DMK resumes operation
After almost 4 months of idleness Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass Corporation, has put into operation two of its blast furnaces. According to a company representative, the blast furnace No. 1M started operating on July 22, and BF9 on July 23. In several days the works will…
Ukraine: metal output in January-May 2017 in Donetsk region down
In May Donetsk region decreased pig iron output by 21.7% YoY, steel – by 18.4% and rolled metal – by 24.9%. Pig iron output in January-May dropped by 13.5% YoY, to 3.4 million tons, steel – by 6.4%, to 3.5 million tons, and rolled metal – by 7.9%, to 1.9 million tons. Despite the decrease…
Ukraine: metal and mining industry in H1 2017
In August Ukrainian metal companies intend to produce 1.7 million tons of steel. According to Ukrmetallurgprom, pig iron output is forecast at 1.4 million tons and rolled metal – at 1.6 million tons. For July Ukrmetallurgporm forecasts were: steel – 1.7 million tons, pig iron – 1.6 million tons, rolled metal – 1.4 million tons.…