The Mangazeia Group of Companies intends until the end of the year to produce up to 500-600 kg of gold at the Nasedkino Mining and Processing Works. The GOK is situated in the Zabaikalye region and is being commissioned. In 2021, the GOK is expected to reach its design capacity of 1million tons of ore…Details
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YASNO has finished energy-servicing contract at the Central Mining and Processing Works 9 months earlier and transferred energy-saving equipment to the customer. 12 frequency converters, assembled at the ore-processing factory, have decreased energy consumption by 48.4%. In three years of operation this amounted to 9.2 million kW-h of electricity valued at 6.7 million UAH. The…Details
In January-June, Ukraine produced 160.1 thousand tons of metal structures, down by 30.7% YoY. According to the State Statistics Service, the manufacture of prefabricated construction structures of pig iron and steel decreased by 25.8%, to 18.9 thousand tons. The output of structures made of sheet metal dropped by 14.5%, to 50.4 thousand tons. Ukraine also…Details
In January-June, Kazakhstan extracted 11.4 million tons of gold-containing ore, down by 3% YoY. The mining of gold-containing concentrate amounted to 198.5 thousand tons. Production of raw and semi-raw gold, as well as gold powder grew by 11.2%, to 53.5 tons. Refined gold manufacture totaled 30.4 tons. Tau-Ken Samruk produced 7 tons of gold. This…Details
ArcelorMittal Kriviy Rih CEO Mauro Longobardo declared that he was mulling the possibility of buying electricity directly from nuclear power plants. According to him, recently it has become clear, that electricity tariffs in Ukraine are higher than in Europe. “Now we buy electricity from traders following auctions. But there have been some shifts on behalf…Details
Solway Investment Group, owner of he Pobuzhye Ferronickel Plant LLC, intends to increase nickel, copper and other non-ferrous metals output following the growth of demand. Historically the group has been focused on the manufacture of base/non-ferrous metals, the basis of infrastructure, construction and electrification development (copper, aluminum, zinc and nickel). “At present we are one…Details
In January-June, Chukotka extracted 11.5 tons of gold, up by 6.7% YoY. Chukotskaya Mining and Geological Company extracted the most gold – 5.2 tons, as well as 42.8 tons of silver. Rudnik Valunistiy has extracted 588.1 kg of gold and 5.7 tons of silver, while Mayskoye deposit yielded 2.4 tons of gold. Severnoye Zoloto LLC…Details
In January-June, Ismail Seaport decreased export transportation of iron ore by 30.2% YoY, to 1.19 million tons. This is the worst half-year result since 2014. Since then, iron ore transportation has been growing each year. In 2019, exports decreased by 13.9%, to 2 million tons, due to the decrease of demand in Europe. At the…Details
In June, Ukraine increased steel output by 9% YoY, to 1.809 million tons, having retained the 13th place in the ranking of 64 main steel manufacturers, compiled by Worldsteel. China remains the undisputed leader with 91.579 million tons produced, up by 4.5%. In June, all the 64 countries produced 148.295 million tons, down by 7%…Details
ArcelorMittal Kriviy Rih, the biggest mining and metallurgical plant in Ukraine, reports on the results of production in January-June. In particular, the company produced 2.4 million tons of steel, 2.5 million tons of pig iron and 2.2 million tons of rolled metal, all down from 2.6 million tons, 2.6 million tons and 2.3 million tons…Details
The state enterprise Lvivugol has ordered Azovcable LLC the delivery of conveyer belts valued at 47.06 million UAH. This year, the company has to supply 14,600 square meters of conveyer belt produced by the Kursk Factory of Technical Fibers (Russia) at 3,223 UAH per square meter. The price of the agreement is 1% below the…Details
The United States International Trade Commission has decided to prolong for 5 years the antidumping duties on the import of oil and gas pipes from 5 countries, including Ukraine. The commission believes that the cancellation of antidumping duties will result in a dumping of their deliveries and damage to American manufacturers. The duty for Ukraine…Details
In April-June, Verninskoye deposit yielded 2115 kg of refined gold, almost on par with the Q1 results. Dore gold output went up from 2021 kg to 2239 kg, mostly due to the increase in processing. Average gold content in ore was 2.11 g per ton as opposed to 1.99 g in Q1. Processing increased by…Details