Russia: export coal rail traffic up in H1 2017

Rail transportation of coal exported from Russia in January-June increased by 16.4% YoY, to 94.8 million tons. The railway transport statistics show that the largest coal exports volume was hauled to the Far East regional ports and border crossings points. According to Rosstat, in the first half of 2017 coal production in Russia increased by…

Russia: Polyus gold output up in H1 2017

In January-June Polyus increased gold output by 12%, to 938 thousand ounces (29.17 tons), mostly thanks to the growth of manufacture at Olimpiada and Verninskoye deposits. Gold sales increased by 17%, to 983 thousand ounces, including 71 thousand ounces in concentrate from Olimpiada. Sales revenue reached $1.217 billion, up by 14%, at the average price…

Kazakhstan: AMT fined for 36 million tenge

ArcelorMittal Temirtau has ordered the services of mining coal and loading it into railroad cars, but has not paid the contractor over 36 million tenge.

The company filed a complaint and the court ordered AMT to fulfill its contract obligations. (Ukrainian metal)

Russia: HERGU gold output down

Since the start of the alluvial gold season HERGU has obtained 247 kg of the precious metal, down by 11% YoY. As of early August 2016, the company has obtained 278 kg of gold from its sites, with the same result in 2015. This year HERGU intends to get 700 kg of gold, down by…

Russia: Onexim sells 7% in RUSAL

Russian billionaire Mikhail Prokhorov’s Onexim Group is selling a 7% stake in aluminum giant UC RUSAL to a company affiliated with Sual Partners of Viktor Vekselberg and Leonard Blavatnik for $503.9 million, RUSAL said in a statement on August 11. At present, Onexim holds 13.7% in RUSAL and Sual Partners has a 15.8% stake. As…

Kazakhstan: copper mining works to be put into operation in 2017

GRK MLD LLC intends to put its copper concentrate and cathode mining and processing works in the East-Kazakhstan region into operation this year.

According to the regional department of entrepreneurship and industrial-innovative development, investments into the project total 17.4 billion tenge. The works capacity will be 750 thousand tons of ore per year. (Ukrainian metal)

Russia: VIZ-Stal energy consumption down in H1 2017

In January-June VIZ-Stal thanks to its energy efficiency improvement program decreased electricity consumption by 529 thousand kWh and of gas by 722.5 thousand cubic meters. This allowed the company to save 5.1 million rubles In particular, the company has finished modernization of two nitrogen-producing mills used in the thermal treatment of metal. The project will…

Russia: Krasniy Oktyabr constructing new processing line

The Volgograd Iron and Steel Works “Krasniy Oktyabr” is carrying out modernization of the manufacturing capacities at its rolled metal finishing shop. According to the company statement, a new metal processing line is being constructed there. The foundation for the PL-250 centerless turning machine and RL-250 two-roll straightener has been complete. The foundation will be…

Ukraine: EMSS ships 170 tons of rolls to Azovstal

Energomashspetsstal has produced and shipped another batch of rolls to Azovstal Iron and Steel Works.

The rolls will be used in bar rolling.

According to the contract, signed in April, EMSS has produced 24 working rolls for hot-rolling with the weight of 6-16 tons. The total weight of the batch is 170.72 tons. (Ukrainian metal)