In 2019 Vorkutaugol increased coal output. Rock excavation totaled 10.3 million tons, up from 9.6 million tons in 2018. Rock processing grew from 7.9 million tons to 9.8 million tons. Coal manufacture went up from 3.4 million tons to 4.6 million tons. (Ukrainian metal)
In 2019 Stoylensky Mining and Processing Works pelletizing factory produced 7.007 million tons of pellets, up by 4% YoY. Since its commissioning in 2016, the factory has produced 20 million tons of pellets with the iron content of 64.5%. The factory with the design capacity of 6 million tons of pellets was commissioned in November…
In 2019 Polymetal increased gold output by 3% YoY, to 1614 thousand ounces. The result is 4% higher than the initial manufacturing target of 1.55 million ounces. In Q4 2019 gold output decreased by 15% YoY, to 383 thousand ounces. Annual revenue grew by 19%, to $2.2 billion, and in Q4 2019 – by 1%,…
The new continuous hot-dip galvanizing unit No. 3, built by Magnitogorsk Iron and Steel Works (MMK) in 2017, produced 334.6 thousand tons of galvanized metal in 2019. A year earlier, the unit produced 278.9 thousand tons of galvanized steel. As such, it is very close to the design capacity of 360 thousand tons per year.…
International rating agency Moody’s has affirmed the corporate family rating of Russian oil and gas pipe producer TMK at B1 and the company’s default rating probability at B1-PD, and improved the outlook to Positive from Stable, the agency said in a statement. “Our decision to change the outlook on TMK’s ratings to Positive mainly reflects…
IRC Ltd, the iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 12.5% QoQ, to 695,431 tons, in October-December 2019, the company said in a statement January 23. In 2019, production rose by 15.3% YoY, to 2.576 million tons. Sales of iron ore concentrate went…
Mining, drilling and blasting operations will be resumed at Kumtor gold mine in the coming days, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union Eldar Tadzhibaev has announced. According to him, Kumtor Gold Company CJSC received the necessary permission from the state bodies. The State Committee for Industry, Energy and…
In 2019 Ukraine decreased ferroalloys exports by 7.8% YoY, to 833.608 thousand tons, valued at $910.172 million, down by 6.9%. According to the State Customs Service, the main customers were Italy (17.44%), Turkey (16.13%) and the Netherlands (9.61%). Last year Ukraine imported 44.411 thousand tons of ferroalloys, down by 26.4% YoY, valued at $130.522 million,…