In January-March Irkutsk region mined 3247.3 kg of ore gold, on par with the corresponding period of 2018. At present Polyus Verninskoye, Druza LLC, Vysochaishiy and its enterprise Ugakhan LLC are mining gold in the region. Polyus Verninskoye accounted for the most gold in Q1 – 1882.2 kg. Alluvial sites development will start in May.…
Severouralsky Bauxite Mine has put into operation the final, third stage of the Cheremukhovskaya-Glubokaya mine. Investments totaled 460 million rubles. And the overall expenses on the construction of the mine exceeded 7.9 billion rubles. The depth of the mineshaft is 1.5 km. The design speed of the mine cage is 11.73 meters per second, which…
In 2018 Russia procured 25.95 million tons of scrap, with the average price at 17.727 rubles per ton, up by 2,817 rubles YoY. As metal companies did not want to buy scrap at that price, exports in December 2018 increased. Because of the increase of the domestic prices, some metal companies are lobbying the imposition…
Ferrexpo AG, owning 99.11% of Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine, intends to use squeeze-out from minority shareholders. At present Ferrexpo AG owns 189.313 million ordinary shares. (Ukrainian metal)
The campaign for repair of blasts furnaces has begun at ArcelorMittal Kriviy Rih. The main scope of repairs will be performed in the first half of the year. Category 3 intensive capital repair of the blast furnace No. 6 has begun. It will last for six days. Here charging equipment and main hoist skips will…
The state enterprise Yuzhnodonbasskoye Mine Group No. 1 has concluded an agreement with the power-generating company Ukrenergougol LLC on the delivery of electricity valued at 106 million UAH until the end of the year. This year a number of objects in the town of Ugledar (Donetsk region) and the recreation center in Berdyansk (Zaporozhye region)…
In April 1, the employees of the Rodinskaya mine of the state enterprise Mirnogradugol refused to go underground. For three months they have not been receiving salary in full and intend to strike until the debt is cleared. “The mine is in the restructuring process at the moment. We owed 2.59 million UAH to the…
Neryungrinsky Pit, the largest coal mining enterprise on the Far East, has turned 40. It was officially opened on March 19, 1979. The coal node of the pit has the size of 16 square kilometers with the maximum depth of 315 meters. (Ukrainian metal)
