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On February 8, Lvivugol received 12.9 million UAH to buy equipment and modernize its mines. The major part of money will be invested in the modernization of Vidrodzhennya, Lisova and Stepova mines modernization to increase coalmining. This year Lvivugol announced it planned to increase coal output by 2.2% YoY, to 1440 thousand tons. As of…
DetailsIn 2016 Izhstal, a part of Mechel, increased stainless steel output 2-fold YoY. Stainless steel production totaled 16.5 thousand tons. Continuous cast billet accounted for 19% of all steel produced, its output having increased 3-fold YoY. Stainless ingots manufacture went up 1.8-fold. At present the company is capable of producing 250 nickel-containing stainless steels and…
DetailsIn 2016 Yakutia mined 23.653 tons of gold. The annual target was 23.5 tons of gold. The decrease of the target is explained with the planned indexes of local gold-miners. This year Yakutia expects to mine 22-23 tons of gold. (Ukrainian metal)
DetailsIn 2016 Kazakhstan produced 74.6 tons of unwrought and semi-wrought gold, down by 17.1% YoY. The share of fine gold made more than half (37.7 tons) of the produced precious metals. Kazakhstan has observed intensification of gold production in recent years. In 2013 annual growth made 6.6%, in 2014 – 18% and in 2015 –…
DetailsMiners on the Ukraine-uncontrolled territories of Donbass receive salary via the bankcards of the state Oschadbank. “The anthracite coal, supplied from the ATO zone, is mined at Ukrainian enterprises, registered on Ukrainian territory, and from the ground, belonging to Ukraine. All of the miners there – around 50 thousands of them – are also registered…
DetailsThe decision to stop buying coal from the uncontrolled territories of Donbass will lead to the necessity to buy it directly from the actual aggressor – Russia, at the price far exceeding local. “The needed 9-10 million tons of anthracite is a minus of $0.9-1 billion to the foreign trade. But what is more important…
DetailsThe Individual Deposit Guarantee Fund will hold a second auction to sell the assets and land of the Ivano-Frankovsk Fittings Works. The starting price has been decreased by 8 million UAH. The assets, land, a sanatorium and a resort in the Carpathian Mountains have been loaned to the Brokbiznesbank. The debt of the works to…
DetailsThe State Committee on industry, energy and land believes that the ban to export precious metals ore stimulates mining companies to build gold-mining factories in Kyrgyzstan. The Ministry of economy wants to impose an export duty on precious metals ores. But according to the deputy minister Bakkeldi Tyumenbayev, when the country entered the Eurasian Economic…
DetailsIn January ferrous scrap deliveries via railroad to Russian metal and pipe works totaled 0.73 million tons, down by 30.8% MoM. At the same time deliveries increased by 55.4% YoY, to the maximum for the last 7 years. (Ukrainian metal)
DetailsIn 2016 Zaporozhye Iron Ore Complex produced 4512.2 thousand tons of ore, down by 4.03% YoY, or by 189.3 thousand tons. According to the company statement, in 2016 it shipped 4494.5 thousand tons of iron ore raw materials. Investment project in 2017 will reach 800 million UAH. In 2015 ZZhRK received 232.085 million UAH of…
DetailsIn January Ukrainian mining companies exported 2.542 million tons of iron ore raw materials (IORM) valued at $189.171 million, down by 28.1% but up by 76.3% YoY respectively. According to the State Fiscal Service, China was the largest importer of IORM (18.74%), followed by Poland (13.39%) and Austria (12.72%). IORM imports in January totaled 72.299…
DetailsIn 2016 Olenegorsk Mining and Processing Works, a part of Severstal produced 4.1 million tons of concentrate and shipped it to the Cherepovets Iron and Steel Works. “For the first time in our history we were able to considerably improve the quality of our products. In particular we have increased the Fe contents in the…
DetailsIn 2016 Russia produced 10.065 million tons of pipes, down by 11.5% YoY. According to the Federal Service of State Statistics, seamless pipes output dropped by 2.6% YoY, to 3.327 million tons, small and medium-diameter electric-welded pipes – by 3.6%, to 3.658 million tons, LDP – by 27.2%, to 2857 million tons. All other welded…
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