In 2016 the Magadan region mining companies increased gold reserves by 12.9 tons, with 0.9 million tons being alluvial gold and 12 tons – ore gold. Silver reserves increase totaled 37.8 tons. In 2015 gold and silver reserves in the region increased by 12.3 and by 49.4 tons respectively. (Ukrainian metal)Details
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In 2016 Kolmar mined 3.6 million tons of coal at its deposits in South Yakutia, up 1.5-fold. Last year the company constructed and put into operation the processing factory at its Inaglinsky GOK and started building the factory at the Denisovsky GOK. “We have also prepared the new deposits for development and the construction site…Details
Izhstal, a part of Mechel, is now 257 years old. The best employees received various awards and medals. “The works has a good history. Our task is to retain and multiply the labor traditions of Izhevsk metal makers and to continue the legacy began by our predecessors”, the company managing director Sergey Kozennov declared. (Ukrainian…Details
The second oxygen-converter shop of Evraz ZSMK has started assembling the new 320-ton converter. The project cost is 1.2 billion rubles. Converter No. 5 has been working at Evraz ZSMK for some 12 years. The replacement of the converter will decrease air pollution by 30%. The steel-smelting complex of Evraz ZSMK includes 5 converters and…Details
Rusal acquires a share of the foundry and mechanical production facility Skad, producer of aluminum alloy car wheels, located in Krasnoyarsk region. Under the terms of the transaction, Rusal will own a stake in the authorized capital of Skad, while its founder Idris Zakriev will remain the Chief Executive Officer of the production facility. Skad…Details
Mednogorsky Copper Sulfate Plant (MCSP, enterprise of UMMC’s metallurgical division) purchased a new front-end loader for about 6 million rubles. The loader will be used at the area of briquetting and feed preparation for copper smelter to supplement a similar loader, which is said to have been efficiently used. “Our plant equipment includes many items,…Details
Dneprovsky Iron and Steel Works intends to launch production by the end of the month. “The IUD corporation is negotiating delivery of raw materials to the works, which will enable us to get back to work. After the negotiations, in two days the matter with resuming operation at DMK will be settled”, the company said…Details
Gold output on the Urup Island of Russia’s Kuril Islands fell by 9.1% YoY, to 1,530 tons in 2016 because of difficult logistics and operations on the uninhabited island, local precious metals producer Kurilgeo said in a statement on April 14. Revenue from the sales of gold rose by 6% YoY, to 4.07 billion rubles…Details
DTEK energy holding buys 600,000 tons of coal in South Africa, the company’s press service has reported. “DTEK confirms the purchase of 600,000 tons of coal from South Africa with the option to increase to 1 million tons. The arrival of the first vessel with 75,000 tons of anthracite to Ukraine is expected in June.…Details
China Nonferrous Gold Limited, the mineral exploration and mining company currently mining the Pakrut Gold Project in Tajikistan, intends to invest additional $70 million in the development of the deposit. According to the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest), an agreement on development of the Pakrut Gold Project in the…Details
Kramatorsk Ferroalloys Works had to stop manufacturing process because of the ban to transport cargo through the demarcation zone. The company had to take measures to decrease expenses during the time of idleness. “The prospects of development and modernization of the company under such conditions do not look good”, KFZ director Maxim Riss said. (Ukrainian…Details
The representatives of the so-called Donetsk People’s Republic, a terrorist organization supported by the Kremlin, demand access of their inspectors to Avdiivka Coke and Chemical Works on Ukraine-controlled territory because of the “ecological danger”. According to Denis Pushilin press-secretary Victoria Talakina, this was voiced during the Minsk meeting. She said, that during the military conflict…Details
Metinvest notes the importance of Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass, resuming operation, as it is the key consumer of raw materials on the Ukraine-controlled territory. “The company is very important for us. But I believe it is also important as an asset for its owners. That’s probably…Details