Belarus has plans to sign a concession agreement for the development of a precious metals deposit which contains platinum group metals among others, Sergei Mamchik, the director of the geology department at the Ministry of Natural Resources and Environment Protection, said. The specialist explained that one of the deposits discovered in Belarus contained precious metals,…
DetailsNorilsk Nickel has announced preliminary consolidated production results for the fourth quarter and full year of 2016 as well as its production outlook for full year 2017. In Q4 2016 consolidated nickel production amounted to 58,000 tons, up by 5% QoQ. Nickel output from the company’s own Russian feed reached 53,000 tons, up by 16%…
DetailsAvdiivka Coke and Chemical Works will restore levels of production in three to four days after electricity transmission lines to the town of Avdiivka are repaired, the company CEO Musa Mahomedov said. “How quickly will we be able to restore production? Usually this takes 3-4 days following a shut-down,” he said. Mahomedov said currently two…
DetailsThere is no alternative to coal from the uncontrolled Donbass territories as of yet, Ukrainian Prime Minister Volodymyr Groysman said. “This is our land, these are our resources, and all those enterprises are registered on Ukrainian soil, which is ours and controllable, and I can see no alternative to procuring this coal for now. Any…
DetailsGold mining companies of Russia’s Zabaikalsky region increased gold output by 7% YoY, to over 12 tons in 2016, an analyst at the geology and subsurface use department of the region’s Natural Resources Ministry Alexei Zakharov reported. Tungsten concentrate production rose by 10%, to 1,700 tons, lead and zinc production remained flat at over 43,000…
DetailsRussian oil and gas pipe producer TMK will hold a roadshow for its secondary public offering (SPO) in England and the U.S on February 1-2, and will guide investors for a pre-market placement price of 74.5 rubles per paper, a banking source reported. The bookbildung will be finished on February 2, the source said. On…
DetailsBogoslovsky Aluminum Works, a part of Rusal, has put the decomposing battery No. 1 into operation. The volume of the battery is 2.2 thousand cubic meters; the construction lasted for 1.5 years. Investments into the project totaled 147 million rubles. The new machine will process aluminum solution and increase alumina manufacture by 87 thousand tons…
DetailsThe new generation blast furnace “Rossiyanka” of the Novolipetsk Iron and Steel Works produced the 20-millionth ton of pig iron since being put into operation in 2011. “Rossiyanka” is one of the most productive blast furnaces in the world and the first and only furnace constructed on the post-USSR territory for the last 25 years.…
DetailsIn 2016 Izhstal, a part of Mechel, increased output by 50% YoY. Output volume totaled 378 thousand tons; sales volume reached 375 thousand tons. Steel manufacture increased by 32% YoY, to 261 thousand tons; that of rolled metal – by 33%, to 343 thousand tons. The highest growth was achieved in stainless and alloyed steel…
DetailsIn December 2016 salary debts to state miners decreased 5.9 times, from 212.19 million UAH to 36.09 million UAH as of January 1, 2017. According to the Ministry of energy and coal industry in 2016 the average salary of a state coal employee totaled 6576 UAH, up by 9.8% YoY. The data concerns only the…
DetailsArcelorMittal Kriviy Rih intends to invest $375-400 million into development of its business in Ukraine, which will result in the creation of 30 thousand jobs. “I’m sure the strong industry will lead Ukraine to success”, the Prime Minister of Ukraine Vladimir Groysman commented. In October 2016 Groysman made a business trip to Kriviy Rih where…
DetailsAccording to Norilsk Nickel in 2017 it expects the nickel output to reach 206-211 thousand tons against 236 thousand tons in 2016. Copper output is expected to grow by 4.7-7.5% YoY, to 377-387 thousand tons. Palladium output is forecast to total 2636-2732 thousand troy ounces against 2618 thousand troy ounces in 2016. A slight reduction…
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