The Mangazeia Group of Companies intends until the end of the year to produce up to 500-600 kg of gold at the Nasedkino Mining and Processing Works. The GOK is situated in the Zabaikalye region and is being commissioned. In 2021, the GOK is expected to reach its design capacity of 1million tons of ore…
YASNO has finished energy-servicing contract at the Central Mining and Processing Works 9 months earlier and transferred energy-saving equipment to the customer. 12 frequency converters, assembled at the ore-processing factory, have decreased energy consumption by 48.4%. In three years of operation this amounted to 9.2 million kW-h of electricity valued at 6.7 million UAH. The…
In January-June, Ukraine produced 160.1 thousand tons of metal structures, down by 30.7% YoY. According to the State Statistics Service, the manufacture of prefabricated construction structures of pig iron and steel decreased by 25.8%, to 18.9 thousand tons. The output of structures made of sheet metal dropped by 14.5%, to 50.4 thousand tons. Ukraine also…
In January-June, Kazakhstan extracted 11.4 million tons of gold-containing ore, down by 3% YoY. The mining of gold-containing concentrate amounted to 198.5 thousand tons. Production of raw and semi-raw gold, as well as gold powder grew by 11.2%, to 53.5 tons. Refined gold manufacture totaled 30.4 tons. Tau-Ken Samruk produced 7 tons of gold. This…
ArcelorMittal Kriviy Rih CEO Mauro Longobardo declared that he was mulling the possibility of buying electricity directly from nuclear power plants. According to him, recently it has become clear, that electricity tariffs in Ukraine are higher than in Europe. “Now we buy electricity from traders following auctions. But there have been some shifts on behalf…
Solway Investment Group, owner of he Pobuzhye Ferronickel Plant LLC, intends to increase nickel, copper and other non-ferrous metals output following the growth of demand. Historically the group has been focused on the manufacture of base/non-ferrous metals, the basis of infrastructure, construction and electrification development (copper, aluminum, zinc and nickel). “At present we are one…
In January-June, Chukotka extracted 11.5 tons of gold, up by 6.7% YoY. Chukotskaya Mining and Geological Company extracted the most gold – 5.2 tons, as well as 42.8 tons of silver. Rudnik Valunistiy has extracted 588.1 kg of gold and 5.7 tons of silver, while Mayskoye deposit yielded 2.4 tons of gold. Severnoye Zoloto LLC…
In January-June, Ismail Seaport decreased export transportation of iron ore by 30.2% YoY, to 1.19 million tons. This is the worst half-year result since 2014. Since then, iron ore transportation has been growing each year. In 2019, exports decreased by 13.9%, to 2 million tons, due to the decrease of demand in Europe. At the…