Russia: Mechel and Gazprombank not to find investor for Elga in 2018

Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year.

The share of Mechel in the project is 51%, and Gazprombank – 49%.

Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)

Russia: Rusal refuses state support due to bad terms

Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…

Kazakhstan: gold output to increase

In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…

CIS: pig iron output up in May 2018

In May Russia produced 4.465 million tons of pig iron, up by 3.9% YoY, with 4.32 million tons produced in April. In January-May pig iron production totaled 21.745 million tons, up by 0.5% YoY. Ukraine decreased pig iron output by 0.6% YoY, to 1.582 million tons (1.649 million tons in April), but increased by 7.7%…

Ukraine: DTEK Pervomayskoye to mine 800 thousand tons of coal from new long face

The Stepnaya mine of the DTEK Pervomayskoye Mine Group has commissioned the long face No. 175.

Some 800 thousand tons of coal will be mined from the new long face in 10 months.

The cost of repair and purchase of new machinery reached 153 million UAH. (Ukrainian metal)

Russia: Rotek starts assembling transformer substation at Kekura gold deposits

Rotek has started assembling the transformation substation at the Kekura gold deposits in Chukotka Autonomous District ahead of schedule.

The commissioning of the power machinery is scheduled for late 2018.

The transformer substation will be providing the gold-extracting enterprise with electricity for 30 years.

Kekura is developed by a Highland Gold subsidiary. (Ukrainian metal)

CIS: steel output up in May 2018

In May Russia produced 6.23 million tons of steel, up by 6% YoY (5.877 million tons), while in April the output totaled 6.03 million tons. In January-May steel output grew by 2% YoY, to 30.027 million tons. Ukraine increased steel manufacture by 2.9% YoY, to 1.695 million tons, while in April it produced 1.721 million…

Russia: UEM finishes coke deck repairs

Proizvodstvo polymetallov (Polymetal manufacture), the subsidiary of Uralelectromed, has commissioned the coke deck of the railroad shop after repair.

Its length is 113 meters and height – 8 meters.

The coke deck is an important transportation unit of the manufacture.

The cost of the project is 4 million rubles. (Ukrainian metal)

Russia: Aleksandrovskaya-1 gold output to increase in 2018

The miners team Aleksandrovskaya-1 LLC, which extracts alluvial gold in Amur region, has already obtained 60 kg of gold this year.

The company is operating at two deposits – Djalon and Djuvaskit.

This year the team plans to obtain 180 kg of alluvial gold, up by 75% YoY. (Ukrainian metal)

Russia: NLMK to upgrade hot-rolling mill

NLMK has selected the supplier of machinery and started design work to replace the transfer table of the hot-rolling mill-2000. The project will increase the reliability of the machine and the quality of the products. The mill has been operating since 1977. The new machinery will be supplied by Novokramatorsk Machine-Building Works (Ukraine). Commissioning is…