Russia: gold output up in H1 2017

Russian gold output increased by 5.93% YoY, to 122.3 tons in January-June, the Finance Ministry said in a statement on October 4 citing data on supplies to gold refineries. Mined gold output rose by 5.48%, to 96.3 tons in the period, while by-product gold output increased by 15.07%, to 8.4 tons, and gold scrap production…

Kazakhstan: Kostanay region to start mining coal

The Kostanay region has started implementing the project to mine coal at the pit No. 2 of the Kushmurunskoye deposits.

Investments are expected on the level of 209.5 billion tenge, and the site will be developed for 45 years.

Overall coal output will reach 188.2 million tons.

519 jobs will be created. (Ukrainian metal)

Russia: Electrozinc resumes operation

On September 30 Electrozinc finished the repair of its zinc manufacture and resumed operation at the main shops.

During the repairs a new sanitary discharge pipe was assembled at the sulfuric acid shop.

As of late October 2 the electrolysis shop produced 150 tons of zinc. (Ukrainian metal)

Russia: Amur region mines 2.4 million tons of coal

In January-September Amur region yielded 2.4 million tons of coal.

Amursky Ugol carries on its program to modernize mining and transport machinery. Thus, new bulldozers appeared at Yerkovetksy and Severo-Vostochniy pits.

In 2018 the program will continue.

Yerkovetsky pit was put into operation in 1991, Severo-Vostochniy pit – in 1932. (Ukrainian metal)

Russia: KMZ ferromanganese sales up in January-September 2017

Kosogorsky Iron and Steel Works increases ferromanganese sales to the local market and abroad.

In 9 months sales increased by 5.2 thousand tons YoY.

In particular the local market and neighbor foreign countries received 46.8 thousand tons, and to far foreign countries the company exported 0.3 thousand tons. (Ukrainian metal)

Russia: Krasnoyarskugol increasing coal output

In January-September Krasnoyarskugol mined 4.4 million tons of power-generating coal, up by 12% YoY. The increase is explained by the positive dynamics on the coal market. Analysts say that coal consumption by major power companies has increased, as have the exports. “Coal remains the cheapest and the most trusted type of fuel. According to our…

Russia: UEM repairs anode-baking furnace

The anode-baking furnace No. 2 at the copper-smelting shop of Uralelectromed has been repaired.

It took a month to repair the furnace.

The furnace capacity is 350 tons of anode copper per smelting. (Ukrainian metal)

Ukraine: EBRD approves granting 350 million euro to AMRK

The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…

Russia: Yakutugol mines 350 million tons of coal

Miners of the Neryungrinsky pit, a part of Yakutugol, have shipped the 350-millionth ton of coal since the company has been put into operation.

The previous milestone – 340 million tons – was reached in 2016.

The first train with coking coal was sent to consumers on October 26, 1978. (Ukrainian metal)

Ukraine: ferrous metals export revenue up in January-September 2017

In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…

Ukraine: Volyn miners on strike

Miners of the Novovolynskaya No. 9 and Buzhanskaya mines have been striking for two days, refusing to go underground. They demand payment of salary for July and August. They also want Alexander Zorin to remain the CEO of the state enterprise Volynugol. According to some sources Andrei Pilipyuk could become a new general director. The…

Ukraine: angles struck by EAEC duty

According to the decision of the Eurasian Economic Commission, the antidumping duty on Ukrainian hot-rolled angles will be 37.89%. The decision will come into effect in 30 days after its official publication, but not earlier than October 11. In May it was decided to impose a preliminary antidumping duty for 4 months (till October). With…

Russia: coal exports up in January-September 2017

Russian coal exports in January-September increased by 5.4% YoY, to 138.449 million tons, the Ministry of Energy of Russia statistics showed.

In September, the commodity exports totaled 15,257,000 tons.

Coal mining in the nine-month period reached 299,193,000 tons, with 260,204,800 tons delivered. (PortNews/Ukrainian metal)

Kyrgyzstan: three vice presidents leave Kumtor

Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…