In May Russia imported 113.9 tons of raw copper, up by 100.9% MoM and by 0.1% YoY. In 5 months imports dropped by 58% YoY, to 622.6 tons. Since the start of the year in monetary terms imports have decreased by 53.9%. In May import prices dropped by 10.7%, to $14.1 per kg. (Ukrainian metal)
This washing season Diana LLC intends to extract 100 kg of gold. The company is operating its only license site in the Rodionovsky Brook valley in Magadan region. The washing season started on May 20. So far the company has obtained 45 kg of gold, down by 30% YoY. The washing season will end in…
Birobidzhan Metal Structures Works is finishing the construction of its main sandwich-panel shop on the Amuro-Khiginskaya territory of advanced development in the Jewish Autonomous District. Investments in the project totaled 937 million rubles. 40 employees already work at the plant, and 156 additional jobs will be created when the construction is complete. This year the…
The Amur region gold-extracting enterprise KHERGU intends to yield 650 kg of the precious metal this season, down by 18.4% YoY. The drop is due to the decrease of gold content in the sand. The company started the washing season on April 29. So far, the output target has been 41.2% fulfilled, as the company…
Since the start of the washing season Kseniyevskiy Priisk has extracted 648.1 kg of alluvial gold, up by 44.9% YoY. The company is developing sites in the Zabaikalye region. The output growth is due to the modernization of the machines operating at the sites. The corrected output target for this year is 1300 kg. Thus,…
Oskol Electrometallurgical Works has turned 45. OEMK is the only enterprise of the full cycle in Russia that implements the technique of direct iron reduction. In 2018 the company produced almost 4 million tons of iron ore pellets, 3.2 million tons of DRI and 3.4 million tons of steel. OEMK was created in 1974. The…
Shareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends. The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share. The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)
Until 2024 Mechel will carry out an environment program with the combined volume of investments of 10 billion rubles. As the result, pollution will decrease by 14.2 thousand tons per year. This is stipulated in the agreement between Mechel, the Ministry of Nature, the Russian Nature Oversight Service and the Chelyabinsk region authorities. The modernization…
