In 2016 Russia decreased gold ingot output by 7.8% YoY, with December 2016 being the 5th consecutive month when the gold output decreased. In December 2016 gold output dropped by 4.6% YoY, but increased by 6.2% MoM. The Gold Manufacturers Union or Russia expects that in 2016 the country will produce 297 tons of gold,…Details
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In 2016 Kazakhstan will mine 60 tons of gold, the vice-minister on investments and development Albert Rau forecasts. “In 1990 we mined less than 20 tons of gold, in 1997 dropped to 6 tons. In 2015 we mined 57 tons, last year we hope to reach 60 tons”, he said. Thus output increase is expected…Details
In 2017 MMK-ugol plans to increase coal mining to 4.14 million tons from 3.42 million tons in 2015. For this the company will increase investments – from 1.99 billion rubles to 3 billion rubles. “Capital investments will be directed to the development of mines”, the company CEO Vladimir Kharchenko said. MMK-ugol also intends to prepare…Details
By the end of January Interpipe will have produced and supplied 3 thousand units of railroad tyres to Ukrzaliznytsia enterprises. According to the company statement, the tyres will be used to repair locomotives and battery locomotives. Interpipe won the tender to supply tyres in December 2016. “The main requirement of Ukrzaliznytsia was the production in…Details
Interpipe has officially registered its trademark with the Ministry of trade and industry of Saudi Arabia. This is the second country after the United Arab Emirates, where the company registered its trade mark to battle fake steel pipes. “In the past 5 years we supplied over 80 thousand tons of pipe products to Saudi Arabia.…Details
In 2016 Azerbaijan mined 1894.1 kg of gold, down by 15% YoY. According to the State Statistics Committee, in December 2016 the country mined 133.5 kg of gold, all the gold was sent for processing. In 2015 Azerbaijan mined 2229.3 kg of gold, up by 19.1% YoY. At present Azerbaijan mines gold and silver at…Details
In 2016 Mechel-Service, the metal trading company of Mechel, increased sales by 6% YoY. In particular, the company sold 1.9 million tons of metal. The growth was marked in rebars (by 6%), beams (by 24%), strips (by 31%), metal wares (by 5%), stainless steel (by 8%) and shaped sections (by 6%). Pipe sales showed the…Details
In 2016 Evraz shipped some 5 thousand tons of rolled metal for the construction of Universiade-2019 objects. In December 2016 Evraz NTMK flange beams and ZSMK bars were supplied to the construction site of the sport complex Rainbow in Krasnoyarsk. Evraz NTMK produced 4 types of flanged beam of low-alloyed steel to be used under…Details
In 2016 Orel Steel Works, a part of Severstal-metiz, sold some 24 thousand tons of fasteners. According to the company information, this is an absolute record in the works history. Last year Severstal-metiz enterprises sold over 520 thousand tons of products, up by 3% YoY. (Ukrainian metal)Details
In 2016 Russian metal companies produced 69.6 million tons of steel, up by 0.3% YoY. Ferrous rolled metal output dropped by 0.2% YoY, to 60.3 million tons, that of steel pipes – by 11.5%, to 10.1 million tons. In December 2016 steel output grew by 4.6% MoM and by 8.7% YoY. Rolled metal production increased…Details
In 2016 the Industrial-Metallurgical Holding, the largest coke manufacturer and pig iron supplier in Russia, mined 2.21 million tons of coking coal, up by 16.8% YoY. According to the company statement, its coal concentrate production increased by 19.8% YoY, to 2.637 million tons, while that of iron ore – by 1.2%, to 5.023 million tons,…Details
The state enterprise Vostochniy Mining and Processing Works has concluded two contracts with Temp LLC for the transportation of the uranium ore valued at 33.21 million UAH. This year 96 thousand tons of ore should be transported from the Novokonstantinovskaya mine to the Smolinskaya mine and the same volume of inert materials back; as well…Details
In 2016 Stoylensky Mining and Processing Works (a part of NLMK) produced a record of 15.63 million tons of concentrate, up by 2.9% YoY. Some 300 thousand tons of concentrate were used to produce pellets at the new factory with the capacity of 6 million tons per year. Sinter ore output totaled 1.6 million tons…Details