The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19. The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)Details
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The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…Details
Russian uncut diamond mining giant Alrosa and metals holding Norilsk Nickel have asked the natural resources minister to simplify the procedures needed to expand licensed fields. The licenses for the older deposits of the companies were given in the Soviet times or the early 1990s, when the depth and the area of drilling were severely…Details
Russia’s United Metallurgical Company (OMK) is seeking to sell or send to Russia the capacities of the Texas-based subsidiary OMK Tube and is in talks with South Korea’s SeAH Steel as a potential investor. The negotiations are not exclusive but other contenders for the asset have not been disclosed. OMK bought Tubular Solutions, a firm…Details
The Trubodetal Manufacturing Facility (AO Trubodetal, Chelyabinsk, a United Metallurgical Company (OMK) subsidiary) hosted an award presentation ceremony for the winners of the Best Employee competition in honor of Trubodetal’s anniversary. The manufacturing facility’s most successful and effective employees received awards in 24 categories, including worker and engineering occupations as well as for administrative and…Details
China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…Details
In October Ukraine (without the Russia-occupied Crimea and ATO zone) mined 2.7 million tons of coal, up by 0.2% YoY and by 5% MoM. According to the State Service of Statistics, in January-October coal output went up by 4% YoY. In September coal output dropped by 4%. (Ukrainian metal)Details
In the first half of November Makeevugol coal target mining was fulfilled by 93.3%. The group still has to mine 2920 tons. According to the company statement, its Kirov mine was ahead of all the rest. In particular, Kholodnaya Balka mined 101.2% of the plan, Kalinovskaya-Vostochnaya – 99.8%, mine named after Kirov – 103.7%, Yasinovskaya-Glubokaya…Details
In January-September DTEK mined 22.3 million tons of coal, up by 4.1% YoY, produced 28.6 billion kW-h of electricity, up by 1.7%, yielded 33.6 billion kW-h of electricity, down by 0.1%, and produced 1.2 billion cubic meters of natural gas, up by 33.1%. “We continue developing our companies and have finished two important projects. Pavlogradskaya…Details
In October salary debts to state miners, controlled by the Ministry of energy and coal industry, decreased by 20.7%, or by 59957.8 thousand UAH, to 229316.8 thousand UAH. According to the ministry, as of January 1, 2016 salary debts to state enterprises on Ukraine-controlled territories totaled 167199.1 thousand UAH, including 147748.8 thousand UAH to state…Details
OMK will supply 150 thousand tons of pipes for Nord Stream-2 gas pipeline, while Chelyabinsk Pipe Works will supply 80 thousand tons. “By the end of the contract OMK will have supplied over 700 thousand tons of pipes, with ChTPZ supplying some 600 thousand tons”, Ivan Shabalov, Association of the Pipe Manufacturers coordination committee chairman,…Details
In 2016 UGMK will invest some 2.2 billion rubles into underground mining at the Gaysky Mining and Processing Works. According to the company statement, this will increase mining capacities to 7 million tons of ore per year. Gaysky GOK plans to mine 9.2 million tons of ore, slightly down YoY. (Ukrainian metal)Details