Russia: Priangarye produces 1 ton of gold

Since the beginning of 2018 Irkutsk region obtained 1044.2 kg of gold. All the metal was mined. In particular, Polyus Verninskoye mined 560.7 kg of gold. Vysochaishiy obtained 323 kg of gold. Ugakhan, Vysochaishiy’s subsidiary, produced 114 kg of gold, while Druza LLC in January yielded 46.5 kg of gold. This year all the companies…

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Russia: NLMK market share stable

In 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…

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Russia: NLMK-Metiz output up in 2017

In 2017 NLMK-Metiz increased wire production by 18% YoY, to 274 thousand tons. Nails output grew by 6%, to 30.6 thousand tons, and self-tappers – to 5.8 thousand tons. “Output growth is mostly the result of our products competitiveness increase on world markets”, the company said. NLMK-Metiz is among 5 largest manufacturers of metal wares…

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Kazakhstan: gold reserves up in 2017

Last year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites.

According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)

Russia: gold output up in 2017

In 2017 Russia obtained 306.9 tons of gold, up by 6.3% YoY. According to the Ministry of Finances press-service, mined gold output totaled 253.9 tons (237.8 tons in 2016), by-product gold – 16.4 tons (15.3 tons) and secondary gold – 36.6 tons (35.4 tons). Silver output in 2017 decreased by 4% YoY, to 1.044 million…

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Ukraine: AMKR energy consumption down in 2017

In 2017 ArcelorMittal Kriviy Rih considerably decreased energy consumption. In particular, total power intensity was 25.231 gigajoule per 1 ton of liquid steel. This year the total energy consumption is planned on the level of 25.195 gigajoule per ton. Last year the company achieved the historical lows of electricity consumption – 4.194 billion kW-h and…

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Russia: Koks to get 10 billion rubles

The public joints stock company Koks has attracted a VTB loan of 10 billion rubles. According to the company statement, the term of the loan is 7 years. The interest rate will be set depending on the term. The maximum volume of the interest rate should not exceed 20%. Koks is controlled by the Industrial-Metallurgical…

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Russia: KSGOK produces 180 thousand tons of iron ore concentrate in January 2018

In January Kimkano-Sutarsky Mining and Processing Works LLC produced 180 thousand tons of iron ore concentrate. Last year the company produced 2 million tons of iron ore concentrate and this year expects to increase output to 3.2 million tons. KSGOK is a part of IRC ltd. It was created on the basis of Kimkanskoye and…

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