In 2015 Kyrgyzstan exported 9.9 thousand tons of gold concentrate, with 10.1 thousand tons exported in 2016. Most of the concentrate this year was exported to China. 6 Kyrgyz companies are involved in ore exports: Kyrgyzaltyn, Altynken, Kaidy, Full Gold Mining, Kazakhmys Gold and Kurandy Development. (Ukrainian metal)Details
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Altynken works, built at the Taldy-Bulak deposits and valued at $285 million is still not operating. When the assembly works started the constructors found out that the copper content in the gold ore was higher than expected. So, Dore alloy can be extracted from only one third of ore, with the rest being copper. At…Details
In November Russia produced 4.3 million tons of pig iron, 5.8 million tons of steel, 5.1 million tons of rolled metal and 0.8 million tons of pipes, up by 3.1%, 0.7%, 1.3% and down by 2.1% YoY respectively. In January-November pig iron output totaled 47.4 million tons, down by 1.3% YoY, that of steel –…Details
U.K.-registered Petropavlovsk Plc, which operates in Russia, has decreased its forecast for production of gold in 2016 to 415,000-430,000 ounces from 460,000-500,000 ounces with an average production cost of about $700 per ounce, the company said in a statement. The new forecast followed re-estimation of the impact from suspension of production at the Andreyevskaya deposit…Details
Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products. KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ. Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)Details
A new long face has been put into operation at the Osinnikovskaya mine, a part of Evraz. Its deposits are estimated at 1720 thousand tons of coking coal. In early December the mine reached its annual output plan in advance, yielding 1.5 million tons of coal. Such a result has been achieved for the first…Details
ArcelorMittal Kriviy Rih reports pressure on the company on behalf of the law enforcing agencies. “80 managers have been called for interrogation to the prosecutor’s office. This is a pressure in hope that we would share something with these people. Most of them serve in law enforcing agencies”, the company CEO Paramjit Kahlon said. He…Details
Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko says he will oppose Ukrzaliznytsia’s cargo transportation tariff increase in 2017. “Another round of this story begins. But I think we will battle them, though I’m unsure if we will succeed. It’s easier for Ukrzaliznytsia to increase tariffs to survive another year instead of modernizing and…Details
Chinese businessmen will invest $2 million into the project of copper-gold concentrate production in Kentau. The factory is expected to produce some 200 tons of products per day. Within the program a processing shop with the capacity of 65 thousand tons per year will be reconstructed in Kentau. Ore will be supplied from the Yubileynoye…Details
In summer 2017 construction of the Bratsk Electrometallurgical Works (Irkutsk region) will commence. At present the construction site for the mini-mill is being prepared. When the works is put into operation, it will create 600 jobs. In September the project was suspended because of the lack of investors. Investments are estimated at 7.3 billion rubles.…Details
Metinvest has started cooperation with Unisteel that has been idle for 4 years. The company will produce flat galvanized rolled metal to decrease the import share on the Ukrainian market. Soon Metinvest will start selling rolled metal produced at Unisteel. “Mariupol Ilyich has sent its first thousand tons of semi-finished rolled products to Unisteel”, Metinvest-SMC…Details
In January-November Kemerovo region miners yielded 206.9 million tons of coal, up by 5.9% YoY. More than half of the total volume (133.7 million tons) was extracted via open-pit mining. The processing share in the total volume of coal mining reached 70.6%. Miners extracted 59.6 million tons of coking coal, up by 4.4% YoY. (Ukrainian…Details
In November Novgorod Iron and Steel Works, a part of the Russian Copper Company, produced 6 thousand tons of copper cathodes, which was the best result since the company was put into operation in 2003. In December the output is expected to increase to 6.2 thousand tons. At first the capacity of the works was…Details