In 2019 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 0.8% YoY, to 10.519 million tons. At the same time manufacture of high-quality pellets with iron content of 65% of the company own ore grew by 3%, to 10.116 million tons. Sales last year totaled 10.3 million tons (10.227 million…Details
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Average retail prices of coal as of January 9, compared with December 2019, decreased by 25.14 soms per ton, the National Statistical Committee of Kyrgyzstan reported. As of January 9, the maximum average consumer prices for coal were registered in Nookat (7,532.55 soms per ton) and Batken (7,318.61 soms per ton). Prices have not changed…Details
Last week the price of one ounce of gold increased by over 84.9 manats ($49.9) or by 3.2%. Accordingly, the average price of one ounce of gold stood at 2,659 manats ($1,564). The price of one ounce of silver grew by 0.3843 manats ($0.22) or by 1.3%, to 30.8 manats ($18.1). The price of one…Details
Last year 2 mines of Raspadskaya Coal Company extracted 3 million tons of coal each. The record 3 million tons at the Uskovskaya mine were extracted from two long faces – 50-20 and 50-22. Moreover, in 2019 the mine was able to extract 1 million tons of coal in 3.5 months. Another record was the…Details
Izhorsky Pipe-Rolling Works has successfully passed the inspection audit and has received the Intergazcert certificate of correspondence. The certificate covers seamless pipes for gas pipelines, gas-extracting systems and gas deposit machinery. The Intergazcert system has been created by Gazprom. (Ukrainian metal)Details
In 2019 Yuzhniy Mining and Processing Works increased iron ore concentrate manufacture by 0.1% YoY, to 12.26 million tons. At the same time, sinter output dropped by 45.8%, to 945.8 thousand tons. In December 2019 the company produced 956.1 thousand tons of concentrate, down by 2.1% YoY. Sinter was not produced in Q4 2019 at…Details
In December 2019 Poltava Mining and Processing Works received the largest VAT reimbursement among the mining and processing companies. According to the State Treasury Service, the company was paid 578.357 million UAH. It was followed by Zaporizhstal with 448.249 million UAH. Total VAT reimbursement in December 2019 was 9.826 billion UAH. (Ukrainian metal)Details
Rescue operations to search for two mineworkers, who went missing as a result of a movement of waste rock dumps near Lysii area on December 1, 2019, were stopped. The decision to stop the search operation was made with the consent of the relatives of the missing employees. Kumtor Gold Company said in an official…Details
In 2019 Yuzhniy Mining and Processing Works used 3 billion UAH of investments. The funds were spent to buy machines, equipment, as well as on capital construction, repairs and social projects. Compared with 2018 the volume of investments grew by almost 400 million UAH. In particular, UGOK purchased 2 Belaz dump trucks with the lifting…Details
ArcelorMittal Kriviy Rih began to apply domestic and foreign analogues instead of Russian components for the capital repairs of locomotives, thus minimizing the impact of Russian Federation’s sanctions regarding prohibition on delivery of locomotives’ spare parts and engines to Ukraine. After the events of 2014-2015, military and technical cooperation between the countries was frozen. Dual-use…Details
A new Sandvik electrohydraulic well boring machine has been put into operation at the Chebachye mine, the main resource base of Aleksandrinskaya Mining and Ore Company. Some 257 meters are drilled on average per month at the mine. Mining is carried out at the depth of 300 to 4200 meters. The mine was commissioned in…Details
In December 2019 RZD transported 106.7 million tons of cargo, down by 2% YoY. In 2019 transportation dropped by 0.9%, to 1.278 billion tons. In particular, RZD transported 120.2 million tons of iron and manganese ore, up by 3% YoY. At the same time, ferrous metals transportation dropped by 5.6%, to 73.8 million tons, and…Details
OMZ-Spetsstal will produce and supply pipe billets for the manufacture of corrosion-resistant casing pipes to TMK. The corresponding contract was concluded in November 2019. In Q1 OMZ-Spetsstal will ship the first 1280 tons of billets made of 15X13H2 steel. The companies have already cooperated before. Since 2018 OMZ-Spetsstal has shipped some 1600 tons of pipes…Details