This season Dalnevostochniye Resursy Company has extracted 1,046 kg of alluvial gold. Compared with the previous year the output remained unchanged. The company operates in Khabarovsk region. “This year we washed at 5 deposits. At the start of the season we expected to obtain 986 kg of gold, but we were able to exceed the…
In January-September Mechel received 4.58 billion rubles of net profit as opposed to a net loss of 11.484 billion rubles last year. Revenue grew by 28%, to 12.157 billion rubles. Gross profit increased by 28.1%, to 12.094 billion rubles, and sales profit – by 31.7%, to 10.888 billion rubles. Mechel’s fixed liabilities decreased by 11.3%,…
In September Dneprospetsstal decreased steel output by 6% YoY, to 18,184 tons. Rolled metal output dropped from 13,229 to 11,843 tons. In July-September DSS steel output grew by 1.9% QoQ, to 56,645 tons, while rolled metal manufacture did not change – 38,987 tons. (Ukrainian metal)
In September limestone deliveries by railroad decreased by 9% YoY, to 0.95 million tons. In 9 months deliveries totaled 8.4 million tons. The largest consumer is Dniepropetrovsk region – 43%. The top-3 regions (Dniepropetrovsk, Donetsk and Zaporzhye) consume some 85% of limestone. Metal industry enterprises consume the most limestone. They have increased purchases by 2%.…
Five dams of LLC Sisim, a part of the Russian gold producer Sibzoloto, constructed illegally in the Krasnoyarsk region collapsed on October 19, flooding the workers’ settlement and killing at least 15 workers, according to the statements of the Investigative Committee. Sisim produced alluvial gold on the Seiba River, and five dams of their technological…
The output of U.K. Highland Gold Mining (HGM), which mines in Russia, grew by 0.3% YoY, to 75,000 ounces of gold and gold equivalent in July-September, the company said in a statement on October 21. Production at the Mnogovershinnoye deposit fell by 9.4%, to 28,950 ounces in the period, output at the Novoshirokinskoye fell insignificantly…
The Russian companies plan to sign a memorandum on finishing construction of the Ajaokuta steel plant in Nigeria during the Russia-Africa forum scheduled for October 23-24, Andrei Slepnev, CEO of the Russian Export Center, reported. “We plan to sign the most important cooperation memorandum to finish construction of the Ajaokuta Steel Plant in Nigeria. Returning…
Employees of Kara-Balta Mining Combine ask members of the parliament to hold off on passing a bill banning extraction and processing of uranium and thorium. According to Maxim Savosin, Deputy Director for Production at Kara-Balta Mining Combine, the bill may lead to complete closure of the combine. It has been working without failures for more…
