Russian gold producer Polymetal International has increased gold reserves of the Komarovskoye field in Kazakhstan by 57%, to 1.374 million ounces, or 42.7 tons, Polymetal said in a statement on October 11. The reserves were calculated under the 2012 JORC standards and “incorporate data from 387 diamond drill holes completed after Polymetal had agreed to…Details
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In January-September Pervomayskugol decreased coal output by 48.1%, Lisichanskugol – by 14.2%. According to the Ministry of energy and coal industry, Pervomayskugol mines extracted 129.9 thousand tons of coal, while Lisichanskugol – 148.3 thousand tons. All in all coal output in Ukraine in 9 months decreased by 11.5% YoY. (Ukrainian metal)Details
Kuzbass is the main coalmining region of the country. In 2016 out of 385 million tons of coal mined in Russia the region supplied 59%, with 75% being coking coal. The regional authorities together with coal companies and Russian Railroads have carried out an important work on increasing coal deliveries. Thus, in 9 months some…Details
MMK Trading House LLC is expanding the sales of its sections for major construction projects. In August the company supplied profiled sheeting for the construction of the TMK scientific-technical center in Skolkovo, as well as delivered galvanized sheeting to a number of cattle-breeding projects under construction in the Central region. The volume of the delivery…Details
Izhorsky Pipe Works has completed the scheduled repairs in its electric welding shop. The work lasted for 3 days. According to the company statement, some 150 specialists participated in the repairs. “The repairmen demonstrated an efficient team work. The repair will provide for the faultless operation of the shop and prolong the lifetime of the…Details
The Stoylensky Mining and Processing Works has replaced an old crushing mill with a new KKD1500/180 machine. The capacity of the new mill is 1.9 thousand cubic meters per hour. The machine was manufactured by Uralmashzavod. The record-short time assembly allowed the company to keep output on the planned level. At present the new crushing…Details
Severstal announced its operational results for Q3 and the 9 months of 2017. Hot metal output remained almost unchanged at 2.23 million tons (Q2 – 2.24 million tons) compared with the previous quarter, whereas crude steel production was up by 4% at 2.94 million tons (2.83 million tons). Crude steel output at CherMK in Q2…Details
Metalloinvest has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will be used to purchase equipment for the implementation of investment projects at Ural Steel (part of Metalloinvest). One of the agreements, a EUR 11.5-million ten-year credit line guaranteed by Euler Hermes Aktiengesellschaft (Germany), will be…Details
In January-August Ukraine mined 26.175 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, of this 4.4 million tons were extracted at state mines, down by 16.4% YoY. In September Ukraine mined 2.6 million tons of coal, with 0.4 million tons extracted by state mines. The share…Details
In January-September metal consumption in Ukraine increased by 6.3% YoY. According to Ukrmetallurgprom, metal companies supplied 2.737 million tons of products to the local market against 2.574 million tons in 9 months of 2016. The local market share increased from 15.8% to 20.3%. At the same time exports dropped by 20.8% YoY, to 10.732 million…Details
The Central Mining and Processing Works has not supplied some 45 thousand tons of iron ore products to its customers in Eastern Europe because of the lack of railroad wagons. According to the company CEO Dmitry Shevchik, of this volume some 15 thousand tons are irreparable losses. At the same time Ukrzaliznytsia lost around 10…Details
Severstal – Bar Works Balakovo has received a certificate of correspondence to DIN 488 of B500B steel. In summer the works rebars were tested by Betonstahl. The independent experts confirmed the correspondence of the rebars to the DIN 488 standard. The certificate covers rebars with the diameter from 8 to 32 mm. Severstal-Balakovo is ready…Details
Vyksa Iron and Steel Works pipes have received the Gazprom certificate for the correspondence to InterGazCert system. The certificate confirms that the electric-welded large diameter pipes to be used in construction, reconstruction and repairs of pipelines completely correspond to the Gazprom standards. Earlier the works received the InterGazCert certificate of the quality management system according…Details