In 2017 state mines, managed by the Ministry of energy and coal industry, are expected to increase coal output 1.6 times YoY, or by 3.336 million tons, to 9.125 million tons. “None should question our goal of mining 25 thousand tons of coal per day”, the minister Igor Nasalik said. In 2016 the ministry-run mines…
Zaporizhstal is finally going to replace its open-hearth shop with the new oxygen-converter shop. The city of Zaporozhye has been waiting for 20 years for the project to be implemented. Now the manufacturing process will be cleaner and safer. The construction of the new shop will decrease pollution 2-fold. (Ukrainian metal)
In January-October 2016 Russia produced 244.55 thousand tons of gold, up by 0.26% YoY. Silver output dropped by 9.9% YoY, to 897.65 tons. The first time when the Ministry of Finance provided precious metals output statistics was in 2014, when gold output reached 287.978 tons. (Ukrainian metal)
The Volyn region governor Vladimir Gunchik says there are no salary debts to state miners as of January 1. “As of January 1, the issue of debt to miners as to their salary has been settled”, he said. As of December 1, 2016 the salary debts to Volyn region miners totaled 8.792 million UAH. (Ukrainian…
Mines of the state enterprise Selidovugol have concluded contracts for the delivery of meat and water at really high prices. In late December 2016 “Rossia” mine bought 50 kg of meat valued at almost 200 thousand UAH, or 4 thousand UAH per 1 kg. Korner-Pak was the supplier of meat. “Rossia” bought 900 half-liter bottles…
Rusal intends to construct a terminal in the free port of Vanino with the alumina throughput capacity of 1.5 million tons. The capacity could be increased to 3 million tons per year. The investments total 5.4 billion rubles, with 2 billion planned on behalf of the state. (Ukrainian metal)
In 2016 Bratsk Ferroalloys Works, a part of Mechel, produced 31 thousand tons of FS-75 ferrosilicon, up by 27% YoY. The output growth has to do with the price and demand increase on world markets. Most of the products are exported to Japan, USA and Canada to be used in metal manufacture. In 2016 BZF…
Prices of the metal raw materials could decrease by 10-15% YoY in 2017, according to Severstal chairman Alexei Mordashov. “World steel consumption resumed its growth, but China is slowing down its steel production. I believe we can expect prices to start falling, though they are unlikely to drop below early 2016 level”, he said. (Ukrainian…