Ukraine: AMKR completing the preparation stage of CCM 2 and 3 construction

PJSC ArcelorMittal Kriviy Rih is completing the preparation stage of Continuous Casting Machines (CCM) 2 and 3 construction, the work of which will enable to significantly increase production of cast billets. In the frames of the large-scale investment program of the plant the company will invest over $100 million in construction of two new CCMs.…

Uzbekistan: second phase of largest copper deposit development starts

Almalyk Mining and Metallurgical Combine (AMMC, Almalyk city, Tashkent region), a monopoly copper producer in Uzbekistan, has started implementation of the second phase of the “Development of the Dalneye deposit” project, the press service of the AMMC reported. The work was started on the instruction of Uzbek President Shavkat Mirziyoyev, who arrived in Almalyk to…

Russia: export coal rail traffic up in H1 2017

Rail transportation of coal exported from Russia in January-June increased by 16.4% YoY, to 94.8 million tons. The railway transport statistics show that the largest coal exports volume was hauled to the Far East regional ports and border crossings points. According to Rosstat, in the first half of 2017 coal production in Russia increased by…

Russia: Polyus gold output up in H1 2017

In January-June Polyus increased gold output by 12%, to 938 thousand ounces (29.17 tons), mostly thanks to the growth of manufacture at Olimpiada and Verninskoye deposits. Gold sales increased by 17%, to 983 thousand ounces, including 71 thousand ounces in concentrate from Olimpiada. Sales revenue reached $1.217 billion, up by 14%, at the average price…

Kazakhstan: AMT fined for 36 million tenge

ArcelorMittal Temirtau has ordered the services of mining coal and loading it into railroad cars, but has not paid the contractor over 36 million tenge.

The company filed a complaint and the court ordered AMT to fulfill its contract obligations. (Ukrainian metal)

Russia: HERGU gold output down

Since the start of the alluvial gold season HERGU has obtained 247 kg of the precious metal, down by 11% YoY. As of early August 2016, the company has obtained 278 kg of gold from its sites, with the same result in 2015. This year HERGU intends to get 700 kg of gold, down by…

Russia: Onexim sells 7% in RUSAL

Russian billionaire Mikhail Prokhorov’s Onexim Group is selling a 7% stake in aluminum giant UC RUSAL to a company affiliated with Sual Partners of Viktor Vekselberg and Leonard Blavatnik for $503.9 million, RUSAL said in a statement on August 11. At present, Onexim holds 13.7% in RUSAL and Sual Partners has a 15.8% stake. As…