The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months. The bank and the works have signed three corresponding agreements. The parties have been cooperating for over 5 years. “We highly value our cooperation with one of…Details
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In January-June Anglo Asian Mining mined 23.218 thousand ounces of gold, down by 31,4% YoY at the Kedabek deposits. “The company also mined 85.087 thousand ounces of silver, 1.322 thousand tons of copper and produced 6.431 thousand tons of copper concentrate”, the company said in a statement. In 6 months the company sold 15.689 thousand…Details
In January-June Polymetal International increased output by 7% YoY, to 558 thousand troy ounces of gold equivalent. “In the second half of the year the output will grow even more because of the seasonal sales of concentrate stocks at the Mayskoye deposits and the higher output at Amur Mining and Processing Works”, the company said…Details
In January-June Ukrainian thermal power and combined heat and power plants received 1.354 million tons of imported coal, including in June 313.4 thousand tons of coal from Russia and 44.6 thousand tons from the South African Republic. According to the Ministry of energy and coal industry, in 6 months Russia supplied 1.09 million tons of…Details
In 2017 ArcelorMittal Kriviy Rih will invest $267 million in modernization. According to the company CEO Paramjit Kahlon, the company has good results. “In a year we produced 7.5 million tons of steel. The company has been working stably for the past 4-5 years. Its proximity to the Black Sea makes it unique as to…Details
DTEK Trading LLC and the state enterprise Derzhvuglepostach have sold all the gas coal that they have previously auctioned at the Ukrainian energy exchange. The average price of purchase was 2461 UAH per ton (with VAT), with the minimal at 2420 UAH and the maximum at 2500 UAH per ton. “The auction prices are on…Details
After an almost 3-months idleness Beringpromugol has resumed mining coal at the Fandyushkinskoye deposits in Chukotka Autonomous District. In May the company management decided to stop operation until the 40-km road were constructed from the deposits to the port of Beringovsky. The construction has been completed. Moreover, office buildings, specialist workshops and an analytical laboratory…Details
Since the beginning of the year Mechel-Service has supplied 6.5 thousand tons of rebars for construction of housing in the city of Chelyabinsk. The company supplies rebars almost to all major construction project in the city. One of the latest batches was for the construction of the business-class housing complex Gagarin Residence in the downtown.…Details
Severstal has become the first Russian metal company to have switched to the SAP Transportation Management system. SAP TM is a part of the large-scale Business Standard program, within which Severstal has automated and improved all of its management functions. By using the tender procedures when dealing with transport companies on the online-portal Severstal was…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 13 million tons of coal this year. The milestone ton was loaded on July 23 onto the Panamax bulk carrier, Navios Gemini S, the 191st vessels handled from…Details
OMK has formed a new board of directors. Anatoly Sedykh, Vladimir Markin, Natalia Yeremina, Svetlana Sobolevskaya and Anastasia Poletayeva have been elected as the new board. Anatoly Sedykh, the ex-chairman, headed the new board. He will be responsible for the strategic development of the company. The deputy chairman Natalia Yeremina has been elected the OMK…Details
Siberia Mining and Metallurgical Alliance (SiGma) will put the first stage of Ozernovsky Mining Works with the capacity of 100 thousand tons of ore or 2 tons of gold per year into operation in December. According to the company CEO Dmitry Filichkin, by September the works will have received all the machinery. In October-November it…Details
In January-June Kuzbassrazrezugol enterprises mined over 22.9 million tons of coal, including 3 million tons of coking coal, up by 2% and by 5.3% YoY respectively. Sales increased by 6.4%, to 20.9 million tons, including exports by 4.4%, to 15.2 million tons and to local market by 12.3%, to 5.7 million tons. Processing factories have…Details