To receive financing for the planned modernization of mines the Lviv regional state administration together with Lvivugol will work out a plan. The modernization will increase coal output. According to the regional governor Oleg Sinyutka, the coal industry reorganization is the priority matter for the region in 2017. Another important issue is the safety of…Details
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Gold and silver output exceeded the KAZ Minerals expectations in 2016. “Copper cathodes output increased by 73% YoY. We’ve been increasing output at Bozshakol GOK and will continue this trend in 2017 as the works reaches is project capacity, as well as the copper concentrate is produced at Aktogay”, the KAZ Minerals chairman Oleg Novachuk…Details
In 2016 Kazakhstan produced 325.5 thousand tons of raw zinc, up by 0.5% YoY. The local demand increased by one third, to 38.7 thousand tons, while exports dropped by 3.2% YoY, to 259.4 thousand tons. The East-Kazakhstan region yielded the most of raw zinc – 325.4 thousand tons. Karaganda region produced 66 tons. The Kazakh…Details
Investments into the Sukhoi Log gold deposit are estimated at 100 billion rubles, with the precious metal yield at 60 tons per year. “Sukhoi Log has the largest deposits of gold in Russia. 56-60 tons of gold could be mined there. Now Irkutsk region yields 22 tons of gold, that is the 6th result across…Details
Mine named after Matrosov, a part of Polyus, has started assembly works at the new factory of the Natalka gold deposits in Magadan region. The test of the complex will begin in summer. The mine will start working in late 2017. That’s when the company will receive the first gold. This year the output will…Details
Ukraine cannot do without the coal from the Russia-supported terrorist-occupied territories of Donbass. “As to the matter of trade with the occupied territories, well, trade is not a correct wording. There are things that are vital for our economy. For example, our power grid needs coal”, the Security Service of Ukraine chairman Vasily Hrytsak said.…Details
Corum Druzhkivka Machine Building Plant (Donetsk region) has started the implementation of the contract to manufacture 100 1KD90 support units of special design for the Heroiv Kosmosa mine of the country’s largest coal mining company DTEK Pavlogradugol. The press service of Corum Group, which includes Druzhkivka engineering plant, said it was planned to ship the…Details
The State Committee for Industry, Energy and Subsoil Use has canceled a tender for the gold deposit because of the fact that it is located in a natural reserve, the press service of the committee reported. A violation of the law was revealed in preparation for the auction. The field is located on the territory…Details
Russia has submitted a claim against E.U. antidumping duties on cold-rolled steel to the World Trade Organization (WTO), according to a statement of the Economic Development Ministry. “The Russian Federation sent a request on consultations with the E.U. on January 27, under a procedure of WTO disputes settlement in connection with an E.U. antidumping measure…Details
In 2017 Severstal plans to supply over 105 thousand tons of metal products to manufacturers of refrigerators, gas ovens, washing machines, industrial packaging, etc. The deliveries will be carried out under the already signed quarter, half-year and year contracts with companies both from Russia and abroad. (Ukrainian metal)Details
Severstal-Metiz has put into operation a new drawing mill, thus completing the third stage of the equipment modernization. Investments in the new machinery amount to 600 million rubles so far. The new site, consisting of 12 units of equipment, was opened on January 30. As the result of the three stages of modernization the shop…Details
In 2016 Metalloinvest increased iron ore output by 3.1% YoY, to 40.7 million tons. In Q4 2016, the company increased iron ore production1 to 10.3 million tons, up by 4% QoQ. Annual pellet output reached 25.2 million tons, up by 5.9% YoY, mainly due to the launch of Pellet Plant #3 at MGOK. In Q4…Details
Kosogorsky Iron and Steel Works keeps increasing ferromanganese sales on the local market. In 2016 the sales increased by 0.8 thousand tons YoY. Deliveries to the local market and to the neighboring foreign countries reached 55.1 thousand tons, with 0.4 thousand tons exported. (Ukrainian metal)Details