Russia: HGM gold output up in Q1 2019

The output of the U.K. Highland Gold Mining (HGM), which mines in Russia, grew by 21% YoY, to 71,961 ounces, or 2.2 tons, of gold and gold equivalent in January-March, the company said in a statement on April 25. Production at the Mnogovershinnoye deposit jumped by 58% YoY, to 30,600 ounces, output at the Novoshirokinskoye…

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Russia: Mechel-Service supplies metal structures for incineration plant

Mechel-Service has supplied 350 tons of rolled metal to produce metal structures for the first incineration plant in the Moscow region. Of the metal supplied Krasnoyarsk Enterprise of Technological Machine-building produces frames for the incineration boiler. Most of the metal accounted for beams and sheets manufactured at the Chelyabinsk Iron and Steel Works. The plant…

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Kyrgyzstan: PM makes no decision on uranium mining in Issyk-Kul

Government of Kyrgyzstan has not yet decided what will happen to the uranium deposit, the Prime Minister Mukhammedkaly Abylgaziev announced at the meeting of the Parliament. Deputy Kamchybek Zholdoshbaev asked what would happen to the uranium deposit in Issyk-Kul region. Mukhammedkaly Abylgaziev noted that incorrect information about uranium was disseminated. “YurAsia company was registered in…

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Russia: TMK sales down in Q1 2019

In January-March, TMK sold 966 thousand tons of pipes, down by 2% YoY and by 4% QoQ. The negative dynamics was mostly caused by the drop in sales in the American division. At the same time OCTG pipes sales increased by 4% YoY, to 481 thousand tons. This year TMK expects pipe consumption by Russian…

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Russia: MMK invests more than 58 billion rubles in environmental programs in 2000-2018

Magnitogorsk Iron and Steel Works (MMK) invested over 58 billion rubles in environmental activities in 2000-2018, including 9 billion rubles in the last year alone, according to the company’s environmental report, published on its official website. The report was prepared in order to inform all stakeholders about the company’s efforts in the field of environmental…

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