In 2017 Tigers Realm Coal (Australia) intends to mine up to 400 thousand tons of coking coal at the Fandyushkinskoye pole deposits in Chukotka and export at least half of it through the port, which is under reconstruction at present. “Of course, this is the minimal, the initial plan, we will require some time to…
Karelsky Okatysh, a part of Severstal, is the largest producer of pellets in Russia, as it yields one third of all Russian pellets. In 2016 Uralmashzavod delivered 2 crushers to the works. The machinery has been put into operation and processes 571 tons of ore per hour on average each. Now the works has ordered…
For the past 4 years the share of Metinvest in the manufacture of iron ore concentrate hasn’t dropped below 64% in the total Ukrainian volume. In 2013 the share of 4 Metinvest mining and processing works (SevGOK, InGOK, CGOK and UGOK) in the national production of iron ore concentrate was 66%, in 2014 – 66%,…
In 2016 thermal power plants and steam power plants increased coal consumption by 9.4% YoY, or by 2.7 million tons, to 31.338 million tons. According to the Ministry of energy and coal industry, in December 2016 coal consumption increased by 22.3% YoY, or by 575.1 thousand tons, to 3.151 million tons. In 2015 TPPs and…
S&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to ‘B-‘ from ‘CCC’ and its short-term rating to ‘B’ from ‘C’, following the recent rally in the prices of iron ore in the world. “The recent rally in the price of iron ore, supported by a tight supply…
In 2017 Seligdar intends to produce over 830 tons of tin, up 1.5 times YoY. “In 2016 we mined 618 tons of tin, up by 7% YoY. In autumn 2016 we put the Solnechnaya processing factory into operation, which would allow us to increase output 1.5 times. We have also started the reconstruction of the…
Investments into the Jerui project will reach 32.6 billion soms in 20 years. In May 2015 the Russian Vostok-geoldobycha won the tender to develop the deposits. In early 2016 the Kyrgyz government said the construction of the gold-mining factory would start in autumn. But the year has passed, and the company was still discussing the…
In January the Makmalzoloto mine yielded 27 kg of gold. According to Kyrgyzaltyn information, this is up by 4.7% from the target. The increase is explained by the partial replacement of machinery at Makmalzoloto. At present the mine has over 1 thousand employees. Makmalzoloto is the largest asset of Kyrgyzaltyn. The deposits grew low 10…
