Russia: Amur region yields 8.4 tons of gold

In January-May Amur region obtained 8407 kg of gold, up by 22.6% YoY, including 7699 kg of ore gold and 708 kg of alluvial gold. The growth has been provided by Petropavlovsk group of companies (Pokrovsky, Pioneer, Malomyr and Albyn), as well as Priisk Solovievsky. In particular, Priisk Solovievsky yielded 782 kg of gold, up…

Ukraine: DTEK miners burned in methane ignition

At night there was a methane ignition at the DTEK Novodonetskaya mine.

As the result 4 miners got light burns.

The ignition occurred on the No. 3 northern face. At the time 122 miners were in the shaft. All of them returned to the surface. (Ukrainian metal)

Ukraine: coal stocks up in early June 2017

Coal stocks at Ukrainian thermal power plants from June 6 through June 12 increased by 1.8%, to 2.52 million tons.

According to the Ministry of energy and coal industry, anthracite coal stocks increased by 6.8%, to 608.8 thousand tons, gas-coal – by 0.4%, to 1.91 million tons. (Ukrainian metal)

Kazakhstan: Kazatomprom signs memos on digitalization of production with world’s leading companies

Within the framework of the International Exhibition “Astana EXPO-2017” in the pavilion The World of Nuclear Energy the signing of memorandums between NAC Kazatomprom JSC and Cameco Corporation, Uranium One Inc., CGN and AREVA was held. All four documents determine the opportunities for cooperation in implementing in Kazatomprom the tasks outlined in the Address of…

Ukraine: Evraz claims not cooperating with DPR

Evraz-Ukraine says is does not cooperate with the companies on the Ukraine-uncontrolled territories, nor does it supply metal there. The company notes that there are cases of illegal use of the Evraz brand without the corresponding consent. Earlier the Information Resistance group claimed that major Russian companies, including Evraz, were cooperating with the so-called Donetsk…

Russia: Nornickel to buy 5 tons of palladium

In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year.

According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors.

In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)

Russia: coal exports up in January-May 2017

In January-May Russian coal exports increased by 6% YoY, to 73.528 million tons.

According to the Ministry of energy, in May Russia exported 15.347 million tons of coal.

In January-May coal mining totaled 165.626 million tons. (Ukrainian metal)

Russia: Olkon to get new crushing complex

This year Olkon will get a new crushing complex. A site is being prepared for it at the entrance to Olenegorsk quarry. “The 130-million project will help Olkon produce the high quality breakstone for its own use and to sell”, Olkon executive director Alexei Borisov said. The capacity of the crushing machine is 60 thousand…

Russia: Nornickel to optimize logistics system

RZhD Logistika will provide services on logistics consulting to Norilsk Nickel. The corresponding agreement has been signed within the XII international railroad business forum “Strategic Partnership 1520”. RZhD Logistika will analyze the Nornickel transport schemes and its overhaul plans, creating the consulting report on the transport model. “Logistic consulting for such a major company as…

Ukraine: DTEK coal output up in Q1 2017

In January-March DTEK mined 8.36 million tons of coal, up by 15.7% YoY. Coal concentrate output in Q1 increased by 29.2% YoY, to 4.27 million tons. It should be noted that DTEK started buying coal for its thermal power plants in South African Republic and Poland to cover the shortages of coal deliveries from the…

Russia: Tulachermet borrows from Alfa-bank

The largest pig iron manufacturer of Russia – Tulachermet – has signed an 8-billion rubles loan agreement with Alfa-bank for 3 years. The money will be spent to refinance the company current debts. “Alfa-bank has offered good conditions, thanks to which we have been able to optimize the structure of our loan portfolio”, the Promyshlenno-metallurgichecskiy…