In April-June Elga Coal Complex improved its records. In particular, 1.2 million tons of coal were mined, up by 40% QoQ. The company has also improved mine stripping to 1.9 million cubic meters, up by 32%. (Ukrainian metal)
In January-June Severstal Distribution increased metal sales by 13% YoY, to 1.3 million tons. 22% more rolled metal of Severstal Russian Steel has been sold via the distribution network. Sales to Russian customers increased by 25%, to 550 thousand tons. SIA Severstal Distribution sales to Northern, Central and Eastern Europe increased by 9%, to 650…
Chitageologorazvedka, a part of the state complex Rosgeologia, is finalizing prospecting work at the Darasun ore-alluvial district at the Zharcha-Talatuy site. The object with the size of 13.3 square km is situated in Zabaikalye region. During its operation the enterprise has found 4 mineralized zones with the expected reserves of R1 gold of at least…
The share of UGMK-OTsM on the Russian market of non-ferrous metal has increased from 35% to 44%. This is the result of the first half-year. In particular, Kirov Non-Ferrous Metals Processing Works increased brass rods and sheet, as well as copper belt manufacture by 18%, while Revda Non-Ferrous-Metals Processing Works output of copper, brass and…
Highland Gold Mining Limited intends to commission the Blagodatnoye deposit in Khabarovsk region in 2024. The deposit resources are estimated at 777 thousand ounces of gold. At present the company is developing the Belay Gora deposit with the reserves of 601 thousand ounces of gold. Both deposits could be developed until 2032. Ore will be…
In May Russia imported 10.3 tons of tungsten and scrap, down by 31.8% MoM and by 61.5% YoY. In particular, deliveries from China decreased by 40.5%, to 8.6 tons. In 5 months tungsten imports totaled 56.6 tons, up by 0.9% YoY. In monetary terms since the start of the year imports have increased by 3.2%.…
In May Russia exported 26.5 tons of long rolled nickel, down by 50% MoM and by 39.5% YoY. Exports to Ukraine dropped by 86% MoM, to 3.5 tons, and to Latvia – by 10%, to 9.5 tons. Hungary imported 7.2 tons of rolled nickel, up by 43%. In 5 months exports totaled 225 tons, down…
Polymetal Int, uniting the assets of the Russian precious metals producer Polymetal International, will receive a 3.5% stake in company Chaarat after converting $10-million of bonds received as payment for the Kapan gold mine in Armenia, the company said in a statement on July 30. “Exchange of convertibles into Chaarat stock, working capital settlement, and…