Ukraine: Donetskstal to invest $100 million in development

This year Donetskstal intends to invest $100 in its development.

“And in the next 5 years we will carry out a number of projects, which will let us increase output 2-fold”, the company CEO Ildar Saleyev said.

Since the start of the year Donetskstal has created 600 jobs. (Ukrainian metal)

Uzbekistan: coal output down in January-May 2019

According to the State Statistics Committee, in January-May Uzbekistan mined 1239.2 thousand tons of coal, down by 15.3% YoY.

The decrease in coal mining is accompanied by the rapid price growth.

Compared with May 2018, the price has increased 1.7-fold.

The need in investments in coal industry is estimated at $420 million. (Ukrainian metal)

Russia: Polyus Aldan extracts 3 tons of gold

Since the start of the year Polyus Aldan has obtained 3 tons of gold.

Last year the result was reached several weeks later – on July 12.

Polyus Aldan is developing 11 gold deposits on the territory of the Kuranakh ore field in the Republic of Sakha (Yakutia). (Ukrainian metal)

Russia: Ormet replenishes machine fleet

This year Ormet will buy four new dump trucks, a truck crane, forklift truck as well as crawler-mounted and wheeled excavators.

Investments will reach 76 million rubles.

The company has already received 4 dump trucks and a dump-trailer.

The new special machines will allow decreasing environment impact. (Ukrainian metal)

Russia: MMK-LMZ QMS efficiency confirmed

MMK – Lysva Iron and Steel Works LLC has successfully passed a supervisory audit of the quality management system for compliance with the ISO 9001:2015 and the IATF 16949:2016.

The audit has been carried by UTAC.

“The MMK-LMZ QMS is operating efficiently and is demonstrating stable improvement”, the UTAC expect Oleg Marchenkov stated. (Ukrainian metal)

Ukraine: Donetskstal joins EURACOAL

Donetskstal has become a full member in the European Coal Association EURACOAL. The decision has been made at the association meeting in Krakow. According to the company CEO Ildar Saleyev, this will enable Donetskstal to get expert support when switching to European standards, start exchanging experience with EU colleagues and get access to technological expertise…

Russia: Izhstal repairs bar finishing line

Izhstal has carried out capital repairs of a Kieserling bar finishing line.

The line produces trimmed rods with the diameter of 14-75 mm.

Izhstal has two similar lines. Their combined output in 2018 was some 1.5 thousand tons, up by 6% YoY. (Ukrainian metal)

Russia: Kosaya Gora Works not to pay dividends for 2018

Kosaya Gora Iron and Steel Works has held a meeting of shareholders.

One of the issues of the June 24 meeting was the dividend payment for 2018.

The shareholders decided not to pay dividends, and to spend the profit on the development of the company. (Ukrainian metal)

Russia: Arkhara to extract 150 kg of gold

Arkhara LLC, extracting gold on the territory of the Jewish Autonomous District, intends to obtain 150 kg of alluvial gold this year. At present the company is operating at one licensed site – the Fedoseyka River. So far 40 kg of gold have been extracted Last year the output was 200 kg. Arkhara, operating since…

Russia: Rusal passes ASI certification

Three Rusal companies have passed a certification according to the standards of the Aluminium Stewardship Initiative (ASI). The certification will help improve the manufacturing-sales network. Bauxite of Timan, Ural Aluminum Works and Irkut Aluminum Works have successfully passed certification according to ASI Performance Standard and ASI Chain of Custody Standard. Rusal intends to certify all…

Azerbaijan: gold, silver and copper production up in January-May 2019

Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…