Russia: Petropavlovsk gold reserves up in 2017

Petropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…

Russia: coal exports up in January-February 2018

Export of Russian coal in January-February increased by 4% YoY, to 28.6 million tons, the Ministry of Energy said.

In February coal exports totaled 13.988 million tons.

Coal mining in January-February amounted to 69.233 million tons, of which 61.100 million tons were delivered. (PortNews/Ukrainian metal)

EEU: duty on Interpipe wheels up

The Eurasian Economic Committee has increased the import duty of Ukrainian steel wheels with the diameter of 710 mm from 4.75% to 34.22%. The decision has been published on the EEC site and comes into effect in 30 days. The previous investigation ended with the setting of the antidumping duty of 4.75% for 5 years…

Russia: scrap exports down on 2017

In 2017 Russia exported 5.37 million tons of steel scrap, down by 4.4% YoY. According to the customs statistics, this is the lowest volume of exports in the past 4 years. Revenue increased by 21%, to $1.329 billion. Turkey imported the most scrap – 44% of the volume, down by 3.9%, but Russia’s revenue grew…

Russia: ChMZ aiming at foreign markets

This year Chepets Mechanical Works intends to actively develop foreign markets by promoting its products.

“We understand, that if we want to further increase revenue, we have to enter the world markets”, the company CEO Deniz Anischuk said.

The company has already signed agreements on the supply of titanium products. (Ukrainian metal)

Russia: Severstal ships metal structures to polymer strip works

Severstal Steel Decisions has designed the works to produce polymer strips for food packaging.

The one-storey building will have the size of 60x66x11 meters.

The metal structures weighing 230 tons were manufactured at the Orel site.

The shipping was carried out according to the schedule. (Ukrainian metal)

Russia: Zarya to start gold extracting in May 2018

Zarya, extracting alluvial gold in Khabarovsk territory, has started preparations for the washing season. According to the company CEO Victor Shudrenko, the season begins in May. The employees have already started arriving at Ulch and Nikolayev sites. This year the company has purchased two new sites: the Bakan Bolshoy deposits and the Detysh deep alluvial…