Russia: gold output down in Q1 2018

In January-March Russia decreased output of raw and semi-refined gold, or gold powder by 1.6% YoY.

According to the Federal Service of State Statistics (Rosstat), in March gold output dropped by 7.1% YoY, but increased by 1.7% MoM. (Ukrainian metal)

Russia: TMK sales up in Q1 2018

In January-March TMK sold 980 thousand tons of pipes, up by 1% QoQ and by 16% YoY. Seamless pipes sales remained almost on the level of the previous quarter, but grew by 3% YoY, to 677 thousand tons. Welded pipes sales increased by 4% QoQ and by 64% YoY, to 303 thousand tons. OCTG pipes…

Ukraine: mining-metallurgical future depends on domestic market

The future of Ukrainian mining-metallurgical complex depends on the domestic market. “If the domestic market is strong, there will be construction, machine-building, car manufacture, subway construction. There will be development”, the opposition prime minister Boris Kolesnikov said during his visit to Zaporozhogneupor. According to him, the main problem of Ukrainian mining and metal complex is…

Ukraine: School of Young Engineers opens at ArcelorMittal University

This weekend the new education project for employees’ children has started at ArcelorMittal – School of Young Engineers. The educational program includes chemical and physical experiments, master classes in wood and metal work, electrical and robotics, and 3D-printing. Participants of the School of Young Engineers will be 320 children at the age of 9 to…

Russia: Polyus gold output up in Q1 2018

In January-March Poluys increased gold output by 13% YoY, to 507 thousand ounces. At the same time the output dropped from 580 thousand ounces in October-December 2017 due to the decrease in alluvial manufacture. Ore output reached 8.821 million tons, down by 12% QoQ, but up by 2% YoY. Sales revenue totaled $608 million, down…

Ukraine: methane explodes at Pokrovskaya mine

Late on April 16 there was an explosion of an air-methane mixture at the Pokrovskaya mine in Donetsk region.

The explosion occurred at the depth of 470 meters on the second south long face.

7 miners were injured. They have been taken to the hospitals in the cities of Kramatorsk and Mirnograd. (Ukrainian metal)