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On July 3 the Dokuchaevsk Flux-Dolomite Complex, in the occupied city of Dokuchaevsk, was on fire. According to the so-called ministry of emergencies of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, the fire has destroyed 50 square meters of bitumen roofing and 35 meters of cable at the one-storied building…
DetailsIn January-June Russian Railroads transported 620.7 million tons of cargo, up by 3.6% YoY. In particular, the company transported 177.3 million tons of coal, up by 9.4% YoY, 5.6 million tons of coke, down by 0.6%, 10.2 million tons of non-ferrous ores, down by 1.9%, 54.6 million tons of ferrous and manganese ore, down by…
DetailsThe mine named after Yalevsky was the first of SUEK-Kuzbass enterprises to exceed the 5-million tons of coal output this year. At present the mine is one of the most productive and efficient enterprises in Russia. Its power-generating coal reserves are estimated at 380 million tons. The mine is capable of yielding 10 million tons…
DetailsThe gold-mining company Vysochaishiy plans to produce 6.3-6.5 tons of gold this year (195-210 thousand ounces), up by 28% YoY. The increase will be achieved thanks to the putting in operation of the Ugakhan Mining and Processing Works in Irkutsk region and the first stage of Tarynsky GOK in Yakutia. As of 2016 the Vysochaishiy…
DetailsSeverstal-Metiz has supplied a large batch of rebar threads for the construction of port Alyat in Baku (Azerbaijan) and the bridge over the Ural River in Kazakhstan. The combined weight of the two batches is 2 thousand tons. The 7-wire threads are used as rebars in ferroconcrete structures. (Ukrainian metal)
DetailsIn June the largest VAT receiver among mining and metal companies was Azovstal Iron and Steel Works with 604.2 million UAH. According to the State Treasury Service, Mariupol Ilyich Iron and Steel Works received 505.9 million UAH, and Zaporizhstal – 272.1 million UAH. Then follows Poltava GOK (141.4 million UAH), Evraz DMZ (127.3 million UAH),…
DetailsKyrgyzstan should not bear losses from gold processing enterprise Altyn-Ken, the member of the Association of Mining Industry Duishenbek Kamchybekov said at a round table. According to him, the share of Kyrgyzstan from gold processing at this enterprise is 40%, and 60% is the share of the Chinese company. The enterprise was built to process…
DetailsThe state enterprise Selidovugol has concluded two contracts with Contest System LLC on the delivery of conveyors valued at 101.6 million UAH. By April 2018 the “Ukraine” mine will have received 6 conveyors, produced by the Krasnoarmeysk works “Promyshlennoye oborudovaniye” LLC and “Company “Profit Invest” LLC. The volume of the transaction is just 0.1% below…
DetailsIn January-June Zapadnaya Coal Company LLC (ZUK), developing the Krutoyarsky site of the Konstantinovskoye deposits in Sakhalin, mined 280 thousand tons of coal. In H1 2016 the company mined 106.314 thousand tons of coal, and 274.176 thousand tons in 2016. This year ZUK intends to mine a total of 450 thousand tons of coal. (Ukrainian…
DetailsMikhail Ispolov has been appointed the CEO of OMZ-Spetsstal, and he would also work as the deputy manufacturing director of OMZ. Ispolov replaced Serge Yeroshkin, who has been the OMZ-Spetstal CEO since 2012. The new director will have to increase manufacture efficiency, decrease expenses and improve product quality. (Ukrainian metal)
DetailsThe Kapitalnaya mine (previously mine named after Stakhanov) of the state enterprise Mirnogradugol (previously Krasnoarmeyskugol) has put into operation the fifth northern long face. The reserves of the long face are estimated at 510 thousand tons of coal, or 1 year of operation. Investments in the long face totaled 138 million UAH. In autumn the…
DetailsIn May railroad transportation of ferrous metals decreased by 3.3% YoY, to 5.9 million tons. From the beginning of the year the railroad transported 29.8 million tons of ferrous metals, down by 0.4% YoY. Ferrous metals exports to Italy decreased by 30%, to Spain by 75% and to Egypt by 60%. At the same time,…
DetailsMechel shareholders at the annual meeting decided to spend 1.426 billion rubles to pay dividends for 2016 (10.28 rubles per premium share). Thus the company will spend 20% of its 2016 profits on dividends. In 2016 Mechel for the first time received profit of 7.1 billion rubles. Last time Mechel paid dividends in 2011: 31.28…
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