The Chairman of the Board of Directors of PJSC Magnitogorsk Iron and Steel Works (MMK) Victor Rashnikov said that MMK would allocate 300 million rubles to relocate residents of the housing in Magnitogorsk that were affected by the accident on December 31, 2018. MMK has already donated around 100 million rubles to the victims, as…
Magnitogorsk Iron and Steel Works’ (MMK) hot-rolled products Mill 2000 achieved its maximum annual production rate in 2018, for the second time since its launch, breaking the 6 million ton mark for production of hot-rolled products. The previous record was set at the end of 2016, when the annual output of the mill reached 5.948…
Baikal Mining Company belonging to billionaire Alisher Usmanov will take a $1.4-1.45-billion loan from Russian banks to finish construction of a plant at the Udokan copper deposit, Chairman of the Board of Directors Valery Kazikayev said at a mining congress on January 29. “We have invested about $900 million of own funds, and three key…
Gold prices increased, while silver, palladium and platinum prices decreased in Azerbaijan. The price of gold grew by 1.904 manats, to 2,217.208 manats per ounce on January 29 compared to the price on January 28. The price of silver dropped by 0.0788 manats, to 26.7736 manats per ounce. The price of platinum fell by 7.327…
In 2018 the Sokolovsko-Sarbaiskoye Mining and manufacturing Enterprise, a part of ERG, increased iron ore raw materials (pellets and concentrate) output by 19% YoY, to 12.5 million tons. In particular, the enterprise produced 8 million tons of concentrate and 4.5 million tons of pellets, up from 6.6 million tons and 3.9 million tons respectively. (Ukrainian…
In 2018 Tajikistan mined 1.9 million tons of coal. 12 enterprises were involved in the process, developing 9 deposits. Shakhta Fon-Yagnob accounted for 46% of the total coal output, Talco-Resurs LLC – for 23% and Tajikistan Iron and Steel Works coal mining department – for 18%. 45 thousand tons were exported. Until 2012 the volume…
In 2018 Polyus produced 2436 thousand ounces of gold, up by 13% YoY. Ore processing grew by 33%, to 38025 thousand tons. The increase is due to Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity of 10 million tons of ore per year. Revenue increased by 7%, to $876 million. This…
In 2018 Evraz ZSMK shipped 6.1 million tons of metal via railroad, down by 2.6% YoY. This is also one of the lowest results in the past 7 years. Deliveries to local customers dropped by 0.2%, to 1.5 million tons, the lowest in 9 years. Exports fell by 3.8%, to 4.14 million tons. (Ukrainian metal)
