Russia: Neryungri to prospect at Tokko field

Neryungri-Metallik LLC, a part of Nordgold, is preparing for the prospecting season, which will last from April till October. This year the main operation will be carried out at the Tokko field on the Anomalia-13, Vrezannyi and Roman sites. The company plans investing some 85 million rubles in drilling. Earlier it was planned to spend…

Russia: Chukotka coal output up in Q1 2018

In January-March Chukotka Autonomous District mined 183 thousand tons of coal, up by 6.6% YoY.

Beringpromugol, operating at the Fandyushkinskoye Pole deposits, mined 140 thousand tons of coal, up by 32% YoY.

This year the company intends to extract 600 thousand tons of coal. (Ukrainian metal)

Ukraine: EMSS supplies large batch of rolls to Finland

Energomashspetsstal has shipped a large batch of rolls to ABB.

The total weight of the shipment was 177.29 tons.

The rolls will be used in the manufacture of electric engines.

The companies have been cooperating for 10 years. (Ukrainian metal)

Ukraine: VostGOK trying to pay $2 million to Steuermann

The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…

Ukraine: coal mining down in Q1 2018

In January-March Ukraine mined 8.359 million tons of coal, up by 19.3% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 9.9%, to 1.614 million tons, and that of power-generating coal – by 21.3%, to 6.744 million tons. In March coal mining grew by 1.3%, to 3.024 million tons.…

Ukraine: coke consumption up in Q1 2018

In March metal companies received 860 thousand tons of coke, up by 11% MoM. According to Ukrmetallurgprom, Ukrainian coke accounted for 785 thousand tons, up by 12% MoM, while imports – 75 thousand tons, flat MoM. In Q1 metal companies received 2.55 million tons of coke, up by 8% YoY, including 2.31 million tons of…

Russia: Q1 2018 NLMK group results

In Q1 steel output at NLMK totaled 4.33 million tons, flat QoQ, but up by 3% YoY.

Capacity utilization rate grew by 3%, to 99%.

Group sales in Q1 totaled 4.15 million tons, up by 13% YoY, but down by 5% QoQ. (NLMK/Ukrainian metal)

Russia: MMK presents report on use of digital technologies

The Magnitogorsk Iron and Steel Works (MMK) took part in the XVIII Urals Industrial and Economic Week international exhibition and the X International Industrial Forum on “Reconstruction of industrial enterprises – breakthrough technologies in metallurgy and machine building”. The events took place on April 10-12 at the World Trade Center in Chelyabinsk. As the largest…

Ukraine: AMKR to increase salaries of its employees from May 2018

PJSC ArcelorMittal Kriviy Rih, the largest mining and metallurgical company of Ukraine, will increase salaries of its employees from 5% to 20% from May 1. A new remuneration system, which was developed at the company, allows to review the employees’ salaries on a case-by-case basis – depending on the category of the personnel. The main…