In November Russia produced 4.3 million tons of pig iron, 5.8 million tons of steel, 5.1 million tons of rolled metal and 0.8 million tons of pipes, up by 3.1%, 0.7%, 1.3% and down by 2.1% YoY respectively. In January-November pig iron output totaled 47.4 million tons, down by 1.3% YoY, that of steel –…
U.K.-registered Petropavlovsk Plc, which operates in Russia, has decreased its forecast for production of gold in 2016 to 415,000-430,000 ounces from 460,000-500,000 ounces with an average production cost of about $700 per ounce, the company said in a statement. The new forecast followed re-estimation of the impact from suspension of production at the Andreyevskaya deposit…
Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products. KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ. Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)
A new long face has been put into operation at the Osinnikovskaya mine, a part of Evraz. Its deposits are estimated at 1720 thousand tons of coking coal. In early December the mine reached its annual output plan in advance, yielding 1.5 million tons of coal. Such a result has been achieved for the first…
ArcelorMittal Kriviy Rih reports pressure on the company on behalf of the law enforcing agencies. “80 managers have been called for interrogation to the prosecutor’s office. This is a pressure in hope that we would share something with these people. Most of them serve in law enforcing agencies”, the company CEO Paramjit Kahlon said. He…
Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko says he will oppose Ukrzaliznytsia’s cargo transportation tariff increase in 2017. “Another round of this story begins. But I think we will battle them, though I’m unsure if we will succeed. It’s easier for Ukrzaliznytsia to increase tariffs to survive another year instead of modernizing and…
Chinese businessmen will invest $2 million into the project of copper-gold concentrate production in Kentau. The factory is expected to produce some 200 tons of products per day. Within the program a processing shop with the capacity of 65 thousand tons per year will be reconstructed in Kentau. Ore will be supplied from the Yubileynoye…
In summer 2017 construction of the Bratsk Electrometallurgical Works (Irkutsk region) will commence. At present the construction site for the mini-mill is being prepared. When the works is put into operation, it will create 600 jobs. In September the project was suspended because of the lack of investors. Investments are estimated at 7.3 billion rubles.…