The State Committee for Industry, Energy and Subsoil Use has canceled a tender for the gold deposit because of the fact that it is located in a natural reserve, the press service of the committee reported. A violation of the law was revealed in preparation for the auction. The field is located on the territory…Details
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Russia has submitted a claim against E.U. antidumping duties on cold-rolled steel to the World Trade Organization (WTO), according to a statement of the Economic Development Ministry. “The Russian Federation sent a request on consultations with the E.U. on January 27, under a procedure of WTO disputes settlement in connection with an E.U. antidumping measure…Details
In 2017 Severstal plans to supply over 105 thousand tons of metal products to manufacturers of refrigerators, gas ovens, washing machines, industrial packaging, etc. The deliveries will be carried out under the already signed quarter, half-year and year contracts with companies both from Russia and abroad. (Ukrainian metal)Details
Severstal-Metiz has put into operation a new drawing mill, thus completing the third stage of the equipment modernization. Investments in the new machinery amount to 600 million rubles so far. The new site, consisting of 12 units of equipment, was opened on January 30. As the result of the three stages of modernization the shop…Details
In 2016 Metalloinvest increased iron ore output by 3.1% YoY, to 40.7 million tons. In Q4 2016, the company increased iron ore production1 to 10.3 million tons, up by 4% QoQ. Annual pellet output reached 25.2 million tons, up by 5.9% YoY, mainly due to the launch of Pellet Plant #3 at MGOK. In Q4…Details
Kosogorsky Iron and Steel Works keeps increasing ferromanganese sales on the local market. In 2016 the sales increased by 0.8 thousand tons YoY. Deliveries to the local market and to the neighboring foreign countries reached 55.1 thousand tons, with 0.4 thousand tons exported. (Ukrainian metal)Details
In 2016 the four works of Petropavlovsk Plc in Amur region produced 416.3 thousand ounces of gold, down by 17.4% YoY. In particular, Pioneer works decreased output by 39%, to 141.9 thousands ounces. Pokrovsky mine yielded 37.8 thousand ounces of gold, down from 56 thousand ounces in 2015. Malomyr mine kept the gold output almost…Details
In 2016 Magnitogorsk Iron and Steel Works shipped 1135.5 thousand tons of galvanized rolled metal to its customers, which was record high for the company. The previous record – 1115.7 thousand tons – was reached in 2014. For the past 15 years MMK has been gradually increasing galvanized rolled metal output. The development of coated…Details
Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…Details
The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…Details
In 2016 the Kamchatka Krai registered an increase in precious metals mining. “The precious metals mining is one of the most prosperous mining activities in the region. The active development of the industry allowed us to mine 373 kg of platinum, 6.329 tons of gold and 11.794 tons of silver in 2016”, the regional natural…Details
The Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop. This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole. Investments into the project totaled 61 million rubles. (Ukrainian metal)Details
In 2016 the Federal Cargo Company transported 15.6 million tons of ore, up by 30% YoY. The largest volumes were carried from KMAruda to Tulachermet, and then exported through Russian and Baltic ports. The increase in ore transportation was noted at the Krasnoyarsk (by 146% YoY), Sverdlovsk (by 117%), Zabaikalsk (by 107%), Northern (by 76%),…Details