Since the start of the year Chelyabinsk Iron and Steel Works has shipped over 8 thousand tons of Z-sections. The products are supplied to the major car-manufacturers and repair plants in Russia and Belarus. ChMK mastered the manufacture of the Z-310 sections in January. The beam is produced of 2 steel grades with improved strength.…Details
Electrozinc has started unloading the unfinished products – cake and rotary oxides, as well as zinc-containing materials. For this the rotary and hydrometallurgical shops have been put into operation. 345 employees have been attracted to work. These products can’t be turned into sellable wares due to the fire destroying the electrolysis shop on October 21.…Details
Magadan region is one of the richest regions in Russia in terms of mineral deposits. It has the largest reserves of silver, and is in top-5 in gold reserves. This year Polyus Magadan will produce 35 tons of gold, which is the highest result so far. For next year the gold annual output level will…Details
Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook.
The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow.
The company has also noted Polyus output level and the resource base. (Ukrainian metal)
Russian Platinum has summed up its results for January-November. Yubileiniy GOK of Amur Zoloto LLC mined 74.6 thousand tons of ore. Yubileinaya factory processed 96.4 thousand tons of ore and 10192 tons of concentrate. The enterprise obtained 1037.8 kg of gold and 643.8 kg of silver. Perevalniy GOK mined 217.2 thousand tons of ore. The…Details
In 2018 MirBlagMet LLC has obtained 102 kg of alluvial gold in Amur region, up by 3% YoY. The output target for the year was 80 kg of gold. Last year the company yielded 99.3 kg of gold. The company has 2 licenses to develop alluvial gold sites. The Dugda deposit license is valid until…Details
Under the investment program to develop mining and transport complex of Mikhailovsky Mining and Processing Works, Metalloinvest has purchased two BelAZs with the lifting capacity of 220 tons. These are the first such machines at the GOK. They will start operating in January 2019. At present the enterprise specialists are assembling the trucks and preparing…Details
The state enterprise Energorynok has not determined the agreement on the electric energy purchase for Zaporozhye Ferro Alloys Plant. Thus, the company will not be able to conclude the agreement for the delivery of electricity from January 1, 2019. If Energorynok suspends the sale of electricity, ZZF will be forced to stop operation. The company…Details
According to the Department of Trade, in October US imported 28 thousand tons of construction pipes, up by 8.2% MoM, but down by 55.4% YoY.
Ukraine supplied 1300 tons of pipes.
Other sellers were Canada (16 thousand tons), Mexico (4800 tons), South Korea (1600 tons) and Taiwan (1100 tons). (Ukrainian metal)
Izhstal has confirmed the correspondence of its products to the European Union requirements. Following the audit according to CPR 305/2011 TUV Rheinland Group has granted the company a certificate and the right to mark its products with CE. At present Izhstal exports its products to Belgium, Germany, Hungary, France, the Czech Republic, Latvia and Bulgaria.…Details
In 2018 Lena Zoloto LLC, developing alluvial gold sites in Irkutsk region, extracted 155.1 kg of the precious metal.
The target for the year was 120 kg, thus, it had been exceeded by 29.2%.
The company did not disclose its output in 2017. (Ukrainian metal)
In 2018 Sever-Tech-Resurs LLC has obtained 163.2 kg of alluvial gold, up 1.7-fold YoY.
The target for 2018 was 100 kg.
The company, registered in September 2009, is operating in Magadan region.
So far Susumanzoloto enterprises have extracted 713.3 kg of gold. (Ukrainian metal)
In January-November Amur Zoloto, extracting gold in Khabarovsk region, yielded 1432.1 kg of gold. Ore gold accounted for the major part of the output. In particular, the Yubileyniy Mining and Processing Works processed 96.4 thousand tons of ore and 10.192 thousand tons of concentrate. Output totaled 1037.8 kg of gold and 643.8 kg of silver.…Details
In 2018 the Sayano-Partizansky pit, the only enterprise in Krasnoyarsk region extracting power-generating coal, has for the first time in its 15-year history reached full capacity of 1 million tons.
The anniversary ton was mined on December 21.
Coal output this year grew by 20% YoY. (Ukrainian metal)
In 2018 Beloretsk Iron and Steel Works has mastered the manufacture of 17 new steel wares: wire, ropes and belt. Trial batches have been shipped to customers. In particular, BMK started producing steel ropes with 6 to 12 strands with the diameter of 90 mm. The company has also mastered the manufacture of stainless belt…Details
Severstal commission has determined the name for the blast furnace No. 3 at Cherepovets Iron and Steel Works to be commissioned in 2020. According to the competition, the name of Cherepovchanka (a female citizen of Cherepovets) has been chosen. It was first suggested by a coke-sinter-blast furnace department worker Elena Andrianovskaya. The commission received over…Details
NLMK Group, an international steel company, will establish personalized scholarships for the best students of MISIS National University of Science and Technology, and increase the number of on-the-job trainees from the University at its sites. NLMK and MISIS have signed a framework cooperation agreement, which will facilitate the training of qualified steelmaking professionals and contribute…Details
Crosland Global Limited, one of the main shareholders of mining giant Evraz, earlier controlled by Alexander Abramov and Alexander Frolov, has given a part of the stake in Evraz to Abiglaze Ltd., the company said in a statement on December 24. As a result of the deal, Abiglaze, owned by Abramov, now holds 298.626 million…Details
Precious metal prices varied in Azerbaijan on December 24. The price of gold increased by 8.007 manats, to 2,148.9955 manats per ounce on December 24 compared to the price on December 21. The price of silver decreased by 0.0301 manats, to 25.0449 manats per ounce. The price of palladium dropped by 34.4845 manats, to 2,108.34…Details
It is proposed to introduce a moratorium on alluvial gold mining in Kyrgyzstan, the expert, co-founder of Chatkal Development Fund, Gamal Soronkulov, declared. According to him, the extraction of alluvial gold causes serious damage to the environment. “Since 2004, we have been fighting with alluvial gold mining companies. None can prove that they benefit, none…Details
Zhezkazgan copper-smelting plant of Kazakhmys Smelting LLP has resumed work at full capacity: the second ore-smelting furnace has been launched. Since 2009, the enterprise has been operating only one furnace due to the lack of raw materials for full load. Now, after a long break, the plant has returned to full operation. “In almost ten…Details
The price of one ounce of gold increased by 37.9885 manats or by 1.79 YoY last week in Azerbaijan, to 2,121.9757 manats. The price of one ounce of silver grew by 0.3122 manats or by 1.26%, to 24.9105 manats. The price of one ounce of platinum went up by 16.4815 manats or by 1.24%, to…Details
Polymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…Details
Elgaugol LCC is assembling 2 powerful excavators at its Elga coal complex. Investments in the project totaled 1.8 billion rubles. The excavators have been produced and supplied by Uralmashzavod. The assembly of the EKG-18 excavator with the ladle size of 18 cubic meters will be complete in late January 2019, while the commissioning of the…Details