The first stage of Tarynsky Mining and Processing Works with the project capacity of 700 thousand tons will be put into operation this autumn. The GOK is expected to produce 2.7 tons (87 thousand ounces) of gold per year. The reserves of the GOK are estimated at 35 tons of gold. (Ukrainian metal)
DetailsChelyabinsk Zinc Works has started constructing the leaching department of its hydrometallurgical shop. The preliminary stage ended in mid-July: the concrete surface of the future construction site has been disassembled. “The decision to start constructing the department was taken under the program to increase capacity to 200 thousand tons of zinc per year. After the…
DetailsIn January-June Ukraine produced 500.2 thousand tons of pipes, up by 26% YoY, including 93.8 thousand tons in June. Ukrtrubprom enterprises increased output by 34.6%, to 335.4 thousand tons of pipes, with 64.4 thousand tons in June. Khazrtsyzsk Pipe Works, situated in the uncontrolled territory, produced 3.4 thousand tons of pipes (2.8 thousand tons in…
DetailsIn January-May Belarus exported $727.7 million worth of metal. According to the State Statistics Committee, the metal share in the total industrial exports was 6.8%. Rolled steel exports increased by 6.8% YoY, iron and steel wire – by 42.1%, steel pipes – by 3.8%, and metal structures – by 3.4%. Rolled metal amounted to 32.8%…
DetailsOn July 13 the rating agency Fitch Ratings upgraded the Magnitogorsk Iron and Steel Works’s Long-Term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’ with Stable Outlook. In its press-release Fitch notes that the rating upgrade reflects MMK’s substantial deleveraging and Fitch’s view that the company’s financial profile will remain conservative, with projected leverage comfortably…
DetailsSteel output of Russia’s Magnitogorsk Iron and Steel Works (MMK) increased by 3.8% QoQ, to 3.182 million tons in April-June, the company said in a statement July 17. In January-June, steel production rose by 0.6% YoY, to 6.248 million tons. Metal products sales fell by 3.2% YoY, to 5.605 million tons, in January-June, but increased…
DetailsMikhail Volynets, the chairman of the Confederation of Free Unions, reports that over 50 miners of Lisichanskugol (Lugansk region) are striking underground. “In particular 31 miners from the mine named after Kapustin and 21 miners from the Novodruzheskaya mine are on strike”, he wrote on his Facebook page. “The administration has forbidden other miners to…
DetailsIn June Ukraine produced 1565 thousand tons of steel, down by 7.3% MoM, or by 124 thousand tons. In January-June steel output dropped by 17.2% YoY, or by 2140 thousand tons, to 10273 thousand tons. In May steel manufacture increased by 18.7% MoM, or by 266 thousand tons, to 1689 thousand tons. In 2016 Ukraine…
DetailsThe metal industry of the Zaporozhye region provides jobs to every fifth citizen – 29.9 thousand people, or 21.3% of the regions employment, in mining – 5.9 thousand people, or 4.2%. In January-June the index of industrial output in metal industry increased by 2.1% YoY, though in mining it fell by 3.4%, mostly because of…
DetailsThe state enterprise Gosgeonedra has given the license to the Vostochniy Mining and Processing Works in Kropivnitsky (Kirovograd region) to mine for uranium. “I have met with the miners and promised to help. The authorities reacted to my appeal. On July 17, 3 thousand people went to work”, the Radical party leader Oleg Lyashko reported.…
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