The share of Kyrgyzstan in Kumtor project decreased by 6%. The Canadian company Centerra Gold Inc. in 2016 bought Thompson Creek, which also specialized in gold and metal mining. The financial operation is estimated at a little more than $1 billion. To ensure a successful deal, additional shares were issued. A total of 26,599,500 new…Details
Severstal plans to continue hot-rolled steel exports to the E.U. market despite the European Commission’s plans to impose antidumping duties, the company said. Mass media said earlier that the E.U. intends to introduce a 5.3% to 33% import duty on hot-rolled steel imported from Russia, Ukraine, Brazil and Iran. According to Reuters news agency, the…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has cut its steel production by 9.5% QoQ, to 3.328 million tons in April-June, the company said in a statement on July 19.
In January-June, the steel output of Evraz rose by 4% YoY, to 7.007 million tons. (Prime/Ukrainian metal)
In June Chelyabinsk Iron and Steel Works shipped 256.5 thousand tons of metal to its customers via railroad, down by 4.5% MoM and by 5.2% YoY. Local deliveries accounted for 220 thousand tons, down by 8.7% MoM and by 4.7% YoY, while exports stood at 36.7 thousand tons, up by 32% MoM, but down by…Details
In January-June Russian seaports transshipped 384 million tons of cargo, up by 11.3% YoY.
According to the Association of sea trade ports, coal throughput increased by 16.2%, to 75.1 million tons, and of ferrous metals – by 0.1%, to 14.6 million tons. (Ukrainian metal)
In January-June the Russian Railroads transported 41.6 million tons of ferrous metals, up by 2.8% YoY.
Local transportation amounted to 21.8 million tons, up by 1.4% YoY.
International transportation increased by 4.3%, to 9.8 million tons. Imports accounted for 2.5 million tons, up by 60%, exports dropped by 0.5%, to 16.61 million tons. (Ukrainian metal)
In 2017 Tugnuysky Open-Pit Mine, a part of SUEK, intends to extract 13.5 million tons of coal, retaining the last year level. Nikolskoye deposits will provide 2 million tons of coal, the rest will be mined at Olon-Shibirskoye deposits. In 5 years reserves of the latter will be thinning out, while mining at Nikolskoye deposits…Details
The state enterprise Selidovugol (Donetsk region) has concluded an agreement with Energoopt LLC for the delivery of pick hammers valued at 193 thousand UAH. The company will buy 2B and 2K pick hammers with spare parts. The goods have to be delivered within 5 days of receiving the order. The cost of each pick hammer…Details
In January-June Zabaikalye region obtained 3756.7 kg of gold, in particular 1548 kg of ore gold and 2209 kg of alluvial gold. Novo-Shirokinsky Mine (HGM) mined over half of the ore gold. Aleksandrovsky Mine (Zapadnaya Mining Ltd) mined 20% and Mangazeya Mining LLC – 15%. Ksenyevsky Mine, Uryumkan LLC and Dauriya artel have exceeded 200…Details
Lisichanskugol is in the critical situation of non-payment of salary, which resulted in the miners’ strike. 55 miners have been striking at the mine named after Kapustin since July 15. At present the salary debt amounts to 135.4 million UAH (December 2015, December 2016 and this year). According to the minister of energy and power…Details
The Dneprovsky Iron and Steel Combine CEO Alexander Podkorytov held a meeting with the managers on the putting of the works into operation. At present DMK has received 16 gas analyzers for blast furnace shop and prepared them for operation. Electricity supplies to the works were renewed on July 13. At the same time the…Details
Over 10 years GeoProMining has invested some $504 million in Armenia. The group deals in gold, copper, molybdenum and antimony concentrate manufacture. Its main assets in Armenia are GPM Gold, operating at the Sotsky gold mine and Ararat gold-extracting factory, as well as Agarak Copper-Molybdenum Works (AMMK). Capital expenses on AMMK modernization totaled $30 million.…Details
In January-June the TALTEK enterprises mined 2.2 million tons of coal, up by 24.4% YoY. Sales increased by 25.5%, to 2.3 million tons. Local sales account for 40%, while exports – 60%. “Constant investments into optimization of manufacturing processes, modernization, decrease of expenses and the high level of labor motivation give us this considerable increase…Details
Zagorsky Pipe Works has started testing samples of the unique corrosion-resistant plating “Metalen PE-21” produced by Metaclay. This is the monolayer polyethylene coating made without adhesives. “Our long-term plans include the maximum increase of the range of pipe insulation materials suppliers. Soon we will start testing the Borealis materials”, the company CEO Denis Safin said.…Details
In January-June Chelyabinsk Zinc Works produced 91.943 thousand tons of zinc and zinc-based alloys. Local sales amounted to 61.1% against 49.7% in H1 2016. Nova Zinc in Kazakhstan produced 17.786 thousand tons of zinc concentrate, down by 3.6%. Lead concentrate output dropped by 38.1% YoY, to 2.207 thousand tons. Brock Metal Co. (UK) increased zinc…Details
In January-May Ukrainian thermal and combined heat and power plants consumed 9.16 million tons of coal, down by 26% YoY. According to the Ministry of energy and coal industry, in May coal consumption decreased by 40.8% YoY, to 1.343 million tons. The drop in consumption is the result of the stop of deliveries from the…Details
Sukhaya Balka, sold in May to DCH, in January-June decreased iron ore output by 16.5% YoY, to 1.091 million tons.
In June the mine yielded 261 thousand tons of ore.
In 2016 the enterprise produced 2.654 million tons of iron ore, down by 8.8% YoY. (Ukrainian metal)
In January-June Russia produced 25.8 million tons of pig iron, down by 0.5% YoY. In June pig iron output dropped by 2.1% YoY and by 4.4% MoM. Rolled metal manufacture in 6 months totaled 29.9 million tons, up by 0.2% YoY. In June rolled metal output decreased by 4.8% YoY and by 6.7% MoM. Pipe…Details
In January-June Geotekhnologia mined 3.76 thousand tons of nickel at its Shanuch deposits in Kamchatka. The enterprise processed 69 thousand tons of ore concentrate. In the second half of the year the company intends to mine 78 thousand tons of ore, and 200-250 thousand tons of copper-nickel ore in 2018. The Shanuch deposits are estimated…Details
The first stage of Tarynsky Mining and Processing Works with the project capacity of 700 thousand tons will be put into operation this autumn.
The GOK is expected to produce 2.7 tons (87 thousand ounces) of gold per year.
The reserves of the GOK are estimated at 35 tons of gold. (Ukrainian metal)
Chelyabinsk Zinc Works has started constructing the leaching department of its hydrometallurgical shop. The preliminary stage ended in mid-July: the concrete surface of the future construction site has been disassembled. “The decision to start constructing the department was taken under the program to increase capacity to 200 thousand tons of zinc per year. After the…Details
In January-June Ukraine produced 500.2 thousand tons of pipes, up by 26% YoY, including 93.8 thousand tons in June. Ukrtrubprom enterprises increased output by 34.6%, to 335.4 thousand tons of pipes, with 64.4 thousand tons in June. Khazrtsyzsk Pipe Works, situated in the uncontrolled territory, produced 3.4 thousand tons of pipes (2.8 thousand tons in…Details
In January-May Belarus exported $727.7 million worth of metal. According to the State Statistics Committee, the metal share in the total industrial exports was 6.8%. Rolled steel exports increased by 6.8% YoY, iron and steel wire – by 42.1%, steel pipes – by 3.8%, and metal structures – by 3.4%. Rolled metal amounted to 32.8%…Details
On July 13 the rating agency Fitch Ratings upgraded the Magnitogorsk Iron and Steel Works’s Long-Term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’ with Stable Outlook. In its press-release Fitch notes that the rating upgrade reflects MMK’s substantial deleveraging and Fitch’s view that the company’s financial profile will remain conservative, with projected leverage comfortably…Details
Steel output of Russia’s Magnitogorsk Iron and Steel Works (MMK) increased by 3.8% QoQ, to 3.182 million tons in April-June, the company said in a statement July 17. In January-June, steel production rose by 0.6% YoY, to 6.248 million tons. Metal products sales fell by 3.2% YoY, to 5.605 million tons, in January-June, but increased…Details
Mikhail Volynets, the chairman of the Confederation of Free Unions, reports that over 50 miners of Lisichanskugol (Lugansk region) are striking underground. “In particular 31 miners from the mine named after Kapustin and 21 miners from the Novodruzheskaya mine are on strike”, he wrote on his Facebook page. “The administration has forbidden other miners to…Details