Russia: Khiagda modernizing transport fleet

Khiagda has received new KamAZ shift automobiles. They will be used to transport employees from the settlement to the industrial objects and deposits. To carry out repair works at pipelines, assemble and disassemble pumps and for loading and unloading the company has bought an Ivanovets truck crane. Next year Khiagda will continue replacing its old…

Russia: Severstal buys Yakovlevsky GOK shares

Severstal has purchased 100% of Yakovlevsky Mining and Processing Works shares for 7.89 billion rubles. Their major part was received as part of the debt payment from Metal-group LLC. In July 2017 Severstal bought out the LLC debt to Gazprom. In 2018 Metal-group was declared bankrupt. Severstal will continue developing Yakovlevsky GOK. This year ore…

Ukraine: 25 million UAH envisioned in state budget for Novovolynskaya mine No. 10.

The state budget for 2019 will provide for 25 million UAH for the Novovolynskaya mine No. 10.

This will help keep the mine in trouble-free operation.

The volume of financing is optimal until the Ministry of energy and coal industry decides on the further operation of the mine or until it is privatized. (Ukrainian metal)

Ukraine: AMKR cooperation with Belarus to become more mutually beneficial

Mutual increase of purchases of in-demand goods will help expand trade and economic relations between Belarus and Ukraine, as Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, mentioned in his speech at Ukrainian-Belarusian forum “Cooperation and partnership”. The forum has been held in Kriviy Rih for the first time. Igor Sokol, the Ambassador…

Russia: Gran to increase gold output by 2020

Gran LLC, the gold-extracting company from Magadan region, intends to have increased alluvial gold extraction to 500 kg by 2020. In the 2018 season the company obtained 300 kg of gold. Last year the output was 281.1 kg. This year the company has commissioned a processing complex with the daily capacity of 1.5-2 thousand cubic…

Russia: metal prices down on November 16-22, 2018

On November 16-22 metal prices index in Central region dropped by 0.13% WoW.

Only rounds saw an increase of 0.18%.

Channel prices fell by 0.43%, cold-rolled metal – by 0.27%.

Hot-rolled sheet decreased in price by 0.24%, and pipes – by 0.22%. (Ukrainian metal)

Kyrgyzstan: annual demand for gold at 5 tons

Kyrgyzstan’s annual demand for gold is 5 tons, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev announced. According to him, the National Bank buys 2.5 tons annually, while jewelers import other 2.5 tons. “Having own gold reserves, Kyrgyzstan is forced to import pure gold. Our jewelers have to pay…

Ukraine: InGOK iron ore concentrate output up in January-October 2018

In January-October Ingulets Mining and Processing Works produced 9.104 million tons of iron ore concentrate, up by 7.2% YoY.

In particular, in October the company produced 825.3 thousand tons of iron ore concentrate, up by 0.16% from the target.

The iron content was 66.02% with the plan of 65.92%. (Ukrainian metal)