5 employees of Severniy Mining and Processing Works have been injured during a road accident on the territory of the enterprise. A truck, transporting shift employees, has collided with a cargo train. Three people have been taken to the city hospital No. 2. According to preliminary data, the accident occurred due to the failure of…
The Department of Subsoil Use of the Republic of Sakha (Yakutia) has announced three competitions for gold prospecting. The combined cost of the three tenders is 866 million rubles. Prospecting work will be carried out in three districts. In particular, the expected reserves of the Olekminskiy district on the territory of 104.72 square kilometers are…
Muruntau, located in Navoi region, has been affirmed as the world’s biggest mine, according to a rating compiled by the Kitco analytical center. When compiling the list, experts used official data from companies and rough estimates of mines that kept their data confidential. “The Muruntau mining complex, located in Uzbekistan and consisting of open-pit mine…
Severniy Mining and Processing Works is carrying out energy-saving projects. New techniques allow decreasing electricity expenses and the prime cost. In order to decrease energy carries expenses in shops, SevGOK uses modern electric equipment and lamps. Large-scale projects to replace lamps have been finished at two crushing and processing factories, as well as in the…
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)
In February, industrial prices in Kazakhstan increased by 3.1% YoY. According to the Bureau of the National Statistics, in particular, prices of metallic ores grew by 0.9%. In processing industry the prices of ferrous rolled metal increased by 4.4%, copper – by 2.6%, ferroalloys – by 0.5%, aluminum and lead – by 0.6% and zinc…
Centravis has agreed with Ukreximbank to take a loan of 35 million euros for 5 years. The company intends to spend the funds to produce new types of seamless pipes, implement environment and energy-saving techniques as well as further modernize its manufacture. Centravis plans to invest at least 7 million euros in the development of…
In January-February, Ukraine procured 639.2 thousand tons of scrap, up by 49.2% YoY. The increase is due to high prices. Scrap deliveries to metal companies grew by 45.7%, to 578.6 thousand tons. Scrap stocks are estimated at 250 thousand tons. Exports amounted to 30.2 thousand tons, up by 300%, while imports increased from 1.6 thousand…