In January-September Russia exported 160 thousand tons of transformer steel valued at $227 million, down by 14% and by 22.5% YoY respectively. These are the lowest results in 3 years. Some 22% was exported to India, down by 2% YoY. Turkey occupies the second position with 19%, down by 30% YoY, while last year it…
In 2016 Russia plans to produce 297 tons of gold, up by 1.2% YoY. Last year Russia produced 293.4 tons of gold, up by 2% YoY In January-September gold output went up by 0.4% YoY, to 219.25 tons. (Ukrainian metal)
The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19. The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)
The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…
Russian uncut diamond mining giant Alrosa and metals holding Norilsk Nickel have asked the natural resources minister to simplify the procedures needed to expand licensed fields. The licenses for the older deposits of the companies were given in the Soviet times or the early 1990s, when the depth and the area of drilling were severely…
Russia’s United Metallurgical Company (OMK) is seeking to sell or send to Russia the capacities of the Texas-based subsidiary OMK Tube and is in talks with South Korea’s SeAH Steel as a potential investor. The negotiations are not exclusive but other contenders for the asset have not been disclosed. OMK bought Tubular Solutions, a firm…
The Trubodetal Manufacturing Facility (AO Trubodetal, Chelyabinsk, a United Metallurgical Company (OMK) subsidiary) hosted an award presentation ceremony for the winners of the Best Employee competition in honor of Trubodetal’s anniversary. The manufacturing facility’s most successful and effective employees received awards in 24 categories, including worker and engineering occupations as well as for administrative and…
China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…