Russia: Tagmet produces 4 million tons of pipes

Taganrog Iron and Steel Works has produced 4 million tons of pipes.

The anniversary ton of pipes will go to the city of Surgut.

Tagmet was created in 1896, and is now one of the highly technological pipe works in the world. (Ukrainian metal)

Russia: Kinross gold output down in Q1 2018

In January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…

Kyrgyzstan: PM discusses fate of Makmalzoloto mine

The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev met with the Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov, the press service of the government reported. Mukhammedkaly Abylgaziev noted that the mining industry and, in particular, gold mining were one of the strategic sectors of the domestic economy. It is necessary to ensure maximum openness of…

Russia: VTB servicing 22% of gold-extracting market in Zabaykalye region

In 2017 VTB increased the number of gold-purchasing contracts with the Zabaykalye region enterprises by 32% YoY.

The bank concluded agreements to buy 2.9 tons of gold, or 22% of all gold produced in the region.

Last year Zabaykalye region yielded 13.2 tons of gold, up by 10% YoY. (Ukrainian metal)

Russia: cable industry to increase aluminum processing

Domestic enterprises of the aluminum-consuming industries are prepared to increase the volumes of purchases. “For example, the representatives of the cable industry say they can process up to 500 thousand tons of aluminum, up from the current levels of 200-300 thousand tons”, the Aluminum Association chairman Valentin Trischenko said. The small business also has ways…

Ukraine: Zaporizhstal passes energy audit

Zaporizhstal has successfully passed the second audit of the Energy management system for the correspondence with the ISO 50001:2011. The auditors have highly estimated the work of the company in energy resources management. Zaporizhstal has been certified and regularly confirming its compliance with the requirements of the international standards ISO 14001, ISO 9001 and OHSAS…

Ukraine: AMKR awarded for implementation of energy-efficient solutions and use of alternative fuel

PJSC ArcelorMittal Kriviy Rih has been awarded with a certificate for implementation of the best energy-efficient and resource-saving technologies that reduce the negative impact on environment. The company got the winner’s certificate during interregional conference, called Green Solutions of Business – Uniting for Sustainable Development, which took place in Dnepr. The Dnipropetrovsk Regional Council, the…

Russia: Ruspolymet profit down in 2017

In 2017 Ruspolymet received 199.6 million rubles of net profit, down by 25% YoY, as calculated under the International Financial Reporting Standards.

At the same time, the company income totaled 8.65 billion rubles, up by 10.3% YoY. (Ukrainian metal)

Russia: Mangazeya Mining gold output down in 2017

In 2017 Mangazeya Mining Ltd LLC produced 24.3 thousand ounces of gold, down by 11.2% YoY.

The main reason of the drop is the low gold contents in the ore.

Ore mining grew by 2.7%, to 951 thousand tons.

Last year gold sales totaled 24.1 thousand ounces, down by 12.3% YoY. (Ukrainian metal)

Ukraine: UGOK sinter output up in April 2018

In April Yuzhniy Mining and Processing Works produced 1000.3 thousand tons of concentrate, down by 0.1% YoY. According to the company statement, sinter output increased by 7%, to 133.5 thousand tons. In January-April UGOK concentrate output dropped by 0.7% YoY, to 4012.3 thousand tons, while sinter manufacture grew by 13.8%, to 654.9 thousand tons. (Ukrainian…