Russia: MMK’s environmental efforts and resource management recognized by industry competition

Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled “Metal and Mining Enterprises with Highly Effective CSR”. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category “Environmental Protection and Resource Management”. MMK’s investments in environment protection last…

Russia: Seligdar to increase gold output

By 2024 Seligdar intends to have increased gold output to 10 tons. According to the company development strategy, the first stage of 2018-2021 will see gold output increase to 8 tons. The second stage of 2022-2024 presupposes the commissioning of the Khvoyniy site in Yakutia with the capacity of over 2 tons of gold a…

Russia: Evraz continues selling slabs to US

Evraz still supplies slabs to the United States, despite the duty of 25%. According to the Evraz vice president on finances Nikolay Ivanov, “on one hand, the products sold to the US became more expensive, while on the other, because of the duty, as expected, domestic prices have grown“. “So we are still supplying slabs…

Ukraine: UGOK concentrate output up in June 2018

In June Yuzhniy Mining and Processing Works produced 1006 thousand tons of concentrate, up by 0.9% YoY. According to the company statement, sinter output dropped by 41.4%, to 88.1 thousand tons. In January-June UGOK decreased concentrate output by 0.4% YoY, to 6060.2 thousand tons, while sinter manufacture grew by 0.1%, to 894.6 thousand tons. (Ukrainian…

Ukraine: striking miner gets into hospital

Nikolai Kovalchuk, an employee of the Novovolynskaya-10 mine, who took part in the underground strike demanding salary debts to be cleared, ended up in the hospital. According to Mikhail Volynets, chairman of the Independent Miners Union of Ukraine, he suffered from vomiting and bleeding. Kovalchuk has been taken to the hospital by the mining rescuing…

Russia: ChelZinc shareholders left without dividends

Chelyabinsk Zinc Works has held an annual shareholders meeting.

It was decided not to distribute the profit of 5.4 billion rubles for 2017.

Thus, dividends for 2017 will not be paid. (Ukrainian metal)

Ukraine: coal output down in June 2018

In June Ukraine’s coal mining enterprises of all forms of ownership extracted 2.55 million tons of coal, down by 5.8% from the planned targets, the Trade Union of Coal Mining Industry of Ukraine informed with reference to the Ministry of Energy and Coal Industry of Ukraine. “In June the coal mining enterprises of Ukraine of…

Russia: lithium consumption low

According to VIAM CEO Yevgeniy Kablov, Russia experiences the problem of the lithium manufacture. The only lithium manufacturer in Russia is the Novosibirsk Works of Chemical Concentrates (NZKH), which supplies lithium both to the domestic customers and abroad. The enterprise started manufacturing lithium in 1960s. But Russia has no developed raw materials base to produce…