Russian metals and mining giant Mechel has signed an agreement of intent to sell up to 1.2 million tons of coal to South Korea’s STX Corporation in 2020, the company said. “We continue with successful implementation of our strategy of diversifying our supply flow to Asia Pacific’s promising markets. Guaranteed sales enable us to ensure…
Russia’s output of unrefined and semi-refined or powder platinum and platinum group metals decreased by 0.2% YoY and by 9.7% MoM in September, the Federal State Statistics Service said without disclosing absolute figures. Silver output rose by 7.6% YoY, but fell by 3.7% MoM. In January-September the output of platinum and platinum group metals grew…
The supervisory board of ArcelorMittal Kriviy Rih has set terms to pay dividends in the amount of 10.85 billion UAH, or 2.81 UAH per ordinary share. According to its decision dated October 15, the dividends will be paid from November 4, 2019 till March 9, 2020. The dividends will be paid by installments from the…
In January-September Central Mining and Processing Works increased pellets output by 0.1% YoY, to 1.78 million tons. Iron ore concentrate manufacture grew by 1.8%, to 3.26 million tons. In September CGOK produced 209 thousand tons of pellets and 390 thousand tons of concentrate. (Ukrainian metal)
Belaya Kalitva Iron and Steel Works has turned 65 years old. In January-August the company increased sales by 116% and output by 120% YoY. The company capacity is around 180 thousand tons of aluminum semi-finished products. (Ukrainian metal)
Zapolyarnaya mine, a part of Vorkutaugol, has commissioned a new long face at the Troynoy layer. Its reserves are estimated at 1.12 million tons of coking coal. The breakage face 1312 has been put into operation 4 months earlier than planned. Having commissioned the new long face, Zapolyarnaya has become the only Vorkutaugol mine to…
In January-September Ingulets Mining and Processing Works produced 8.4 million tons of iron ore concentrate, up by 0.9% YoY. In September output totaled 918 thousand tons. This year InGOK intends to produce 10.8 million tons of concentrate, down from 10.9 million tons last year. (Ukrainian metal)
In July-September Yakutugol increased coal output by 2% QoQ, to 1.7 million tons. Rock excavation grew by 7%, to 12.5 million cubic meters. “Our employees are continuing implementing one of our chief goals – raising the volume of excavation works. For this we have carried out a major modernization – we have replaced our mining…