Russia: China to become co-investor of uranium mine

The Russia-China Investment Fund for Regional Development on March 12 signed an agreement to become a co-investor of construction of a 18.5 billion ruble uranium mine of Priargunsky Industrial Mining and Chemical Union, part of state nuclear power corporation Rosatom’s unit Atomredmetzoloto. The company plans to launch the first stage of the mine in 2023.…

Russia: Omchak preparing to launch operations

The manufacturing complex of the gold-mining company Omchak is getting ready for operation. All the infrastructure has been prepared: roads, sites, electricity line and a settlement for 430 people. Omchak is expected to become one of the major mining companies in Zabaykalye region. The company obtained a right to develop and mine for ore gold…

Ukraine: coal exports up in January-February 2018

In January-February Ukraine imported 4.015 million tons of coal, up by 63% YoY. According to the State Statistics Service, the cost of the coal imported was $516.656 million, up by 44.5%. Russia supplied $304.05 million worth of coal (or 58.85%), USA – $149.5098 million (28.94%), Canada – $48.365 (9.36%) and other countries – $14.733 million…

Russia: TMK happy about Trump’s steel duties

Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…

Ukraine: Pavlogradugol machines destroyed in fire

The automobile base of Pavlogradugol caught fire.

The fire has almost completely destroyed 17 automobiles.

In particular, according to the emergency service message, 9 buses and 8 cars were destroyed.

The fire covered the size of 900 square meters.

There were no casualties. (Ukrainian metal)

Russia: Raspadskaya starts using drones

Raspadskaya Coal Company has put 2 unmanned flying vehicles in operation. They will increase the safety and speed of mining operations, as well as the precision of calculations. During a 30-minute flight the drone can take 500 pictures. The maximum height of the quadrocopter filming is 500 meters. The new drones can operate under complex…

Russia: Karabashmed repairs machinery

Karabashmed has carried out scheduled repairs of its chemical and metallurgical machinery. All the planned work was performed in full and according to the schedule. From the moment of the complete halt of the process till the start of the furnace warming, only 9 hours elapsed. In the metal shop the company repaired the main…