Russia: VostokUgol looking for new coal deposits in the Arctic

A new shift of 39 drillers has arrived at Dixon.

They will be responsible for the second stage of prospecting at the Reka Lemberova site.

The site is close to another site, where in 2016 the Malolemberovskoye deposit was discovered.

In 2017 VostokUgol obtained a license for coalmining there. (Ukrainian metal)

Russia: Ulan-Udestalmost cut from grid

The electricity supplier Chitaenergosbyt has cut the manufacturing premises of Ulan-Udestalmost from electric grid because of the debt in the amount of 41 million rubles. Only the boiler house of the enterprise receives the electricity, as it provides the nearby city districts with heating. This year the company intends to produce some 9.8 thousand tons…

Ukraine: employee dies at AMKR

Police has started investigating the accident resulting in the death of an ArcelorMittal Kriviy Rih employee.

On March 3 the roof of the converter shop under repair collapsed, killing one person.

On March 4 the body was found.

The person killed was born in 1992. (Ukrainian metal)

Russia: Susumanzoloto profits down in 2017

In 2017 Susumanzoloto received 1.816 billion rubles of net profits, down by 28.4% YoY. Revenue grew by 29.9%, to 12.925 billion rubles. Sales profit dropped by 15%, to 2.474 billion rubles. Last year the company sold 5415 kg of gold, up by 47.1% YoY. As of December 2017 Susumanzoloto had 49 licenses. Its estimated C1…

Russia: UEM output up in 2017

In 2017 Uralelectromed produced 378.4 thousand tons of copper cathodes, up by 10.3% YoY. Silver ingots manufacture grew by 17.4%, tellurium – by 10% and blue stone – by 49.5%. At present the company is busy constructing the second stage of the copper electrolysis shop. The capacity will increase to 400 thousand tons. Last year…

Russia: Severstal to supply 60 thousand tons of metal to KAMAZ

In 2018 Severstal will provide KAMAZ with at least 60 thousand tons of metal.

According to the group statement, it supplies cold- and hot-rolled sheets to the largest truck producer in Russia,

Last year Severstal sold 58 thousand tons of metal to KAMAZ. (Ukrainian metal)

Ukraine: Metinvest announces squeeze-out plans for shares

Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…

Belarus: Kronospan to invest over EUR 10 million in expanding metal structures production in FEZ Mogilev

The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…