By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…Details
In 2017 Armenia increased metal output by 11.3% YoY, after the 11.1% drop in 2016. According to the National Statistics Service, in 2017 ferromolybdenum production grew by 1.1% YoY, to 6588 tons, with December 2017 output at 490 tons, down by 15.1% MoM. Molybdenum concentrate output increased by 2.8%, to 10961 tons, with 828 tons…Details
MMK has put in operation a new car dumper No. 5 at the site No. 2 of the aggloburden preparation shop. The capacity of the dumper is 20 cars per hour. The capacity of the sintering factory being constructed is 16.5 thousand tons of sinter a day, for which 17 thousand tons of burden is…Details
In late 2017 Globus-Stal commissioned the arc-welded round pipes grinding line.
In a very short term the company was able to supply over 20 km of pipes to 10 cities.
The line grinds pipes with the diameter of 10-80 mm, wall thickness of 0.5-3 mm and the length of 3-6.1 m. (Ukrainian metal)
In January Zaporizhstal increased steel output by 11.3% YoY, to 363 thousand tons. According to the company statement, pig iron manufacture grew by 37%, to 394.1 thousand tons, and that of rolled metal – by 11.7%, to 301.9 thousand tons. The company notes that the increase in output is due to the commissioning of the…Details
On January 29 Moody’s rating agency upgraded the MMK Issuer Rating to “Baa3” from “Ba1” with positive outlook. Andrey Eremin, MMK’s Director for Economics, commented: “We at MMK are satisfied with the increased issuer rating. This is a proof that MMK has correctly formulated its strategic development priorities and introduced quite efficient tools to implement…Details
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the group”), announced its operational results for the fourth quarter and 12 months of 2017. In Q4 2017 Metinvest’s hot metal output increased by 6% QoQ, 2,154 thousand tons, driven mainly by a rise…Details
AutoKrAZ has supplied a batch of KrAZ-65055 (6×4) dump trucks with the lifting capacity of 16 tons to the Severniy Mining and Processing Works. The dump trucks have been delivered under the agreement concluded in December 2017. There were 4 dump trucks in the batch. This year Metinvest intends to acquire more KrAZ dump trucks…Details
Moody’s has improved the long-term rating of Severstal from Ba1 to Baa3, and the outlook from stable to positive following the revision of the Russia rating. “We welcome the decision of Moody’s to review the Russia’s rating and improve that of Severstal. That the economic situation in the country is improving is seen by the…Details
ChTPZ was the first in Russia to develop cold-deformed pipes for internal combustion engines. The manufacture has been started at Pervouralsky Pipe Works. The pipes with the outer diameter of 8 mm and inner diameter of 3 mm made of high-quality low-alloyed steel will be used in diesel engines of the Common Rail type. The…Details
In 2017 Metalloinvest increased steel production by 2.1% YoY, to 4.8 million tons. According to the company statement, pig iron output dropped by 9.3%, to 2.7 million tons. Hot-briquetted iron manufacture grew by 22.6%, to 7 million tons, while that of pellets dropped by 0.4%, to 25.1 million tons, and ore – by 1%, to…Details
In 2017 Metinvest Group decreased iron ore raw materials output. In particular, iron ore concentrate production dropped by 7% YoY, to 27.464 million tons. Iron ore pellets manufacture fell also by 7%, to 5.742 million tons, mostly because the group ceased deliveries to customers situated on the Ukraine-uncontrolled territory. Coal concentrate output decreased by 15%,…Details
Russian aluminum producer UC RUSAL has settled a dispute over the Alscon plant with Nigeria, Bloomberg reported late on January 31, citing Nigeria’s Steel and Mining Minister Kayode Fayemi. Nigeria will have a 20% stake in the plant and RUSAL will have 80%. The share of RUSAL in the operating company is 85%, according to…Details
A 25-year-old man died in a collapsed mine in Kara-Tyt village, Aksy district of Jalal-Abad region, the Ministry of Emergency Situations reported. According to it, the resident of a village located near the pit illegally mined coal when it collapsed. Rescuers of the ministry took out the body and handed it over to relatives. (24.kg/Ukrainian…Details
The state enterprise Selidovugol received 847 self-rescuers out of 2 thousand pieces that it needed. “Selidovugol needs 2 thousand self-rescuers. It has received the first batch of 847 pieces. The enterprise is waiting for the second batch”, the chairman of the Independent Miners Union of Ukraine Mikhail Volynets wrote on his Facebook page. Last summer…Details
The special commission on environment issues of the city of Kamenskoye has visited Dneprovsky Iron and Steel Combine and checked the measures to decrease pollution. The commission was created last autumn after numerous complaints of citizens on the worsening of the ecological situation, including considerable volumes of pollution from the combine after it resumed operation.…Details
This year Primorsky Mining and Processing Works intends to keep concentrate output on the previous year level, or 2700 tons of tungsten and 1600 tons of copper concentrate. The GOK is developing the Vostok-2 deposits. As of 2017 their reserves were enough for 4-5 years. But the terms of development could decrease because of the…Details
In 2018 Russkiy Ugol intends to increase coal output at the Sayano-Partizansky pit in Krasnoyarsk region by 20% YoY. For the first time in 27 years the pit will yield 1 million tons of coal. Last year the output totaled 842 thousand tons of coal, up by 7% YoY and by 4% from the plan.…Details
President of Uzbekistan Shavkat Mirziyoyev has approved the construction of a new mining and processing complex at the Tebinbulak deposits. The complex will have been constructed by 2024. The total cost of the construction is estimated at $1.5 billion, with a part to be represented by a loan from Chinese banks. The Tebinbulak titanium-magnetite ore…Details
In late 2017 Rechitsa Metal Wares Works put in operation a new site of the fasteners shop.
The following Taiwan mills have been assembled there: JBF-10В-3S and JTR-6H; JBF-13В-3SL and JTR-8H; JBF-13В-4S and JTR-8H; JBF-17В-4S and JTR-10H.
The commissioning of the new site will increase fasteners output. (Ukrainian metal)
The MetalTrade Group of Companies (Chelyabinsk) notes the price increase on the metal market. Thus, major pipe manufacturers have announced the growth of price by 2 thousand rubles per ton on average, Bar manufacturers decided to decreased sales to domestic market to continue increasing prices in February and March. Flat cold-rolled metal is expected to…Details
The Sredneuralsky Copper-Smelting Works has started demolishing the main premises of the double superphosphate shop. The shop was put out of operation in February 2009. The size of the premises is 17 thousand square meters, it consists of 5 buildings, being demolished one after another. The demolition of the main premises started in summer of…Details
Marcegaglia Russia strengthened its positions on the market of welded stainless steel pipes, having considerably increased output and sales in 2017.
According to the company statement, last year output grew by 42.5% YoY, to 13606 tons.
The company revenue showed a stable increase of 30.8%, to 34 million euros. (Ukrainian metal)
The minister of energy and coal industry Igor Nasalik promised, that in 2017 the state enterprise Lvivugol would receive 350 million UAH of loan funds under state guarantees for modernization. The promise was made on September 21, 2017. “Lvivugol provides for 50% of daily supplies for the power industry, so the issue of development is…Details
In 2017 Cherepovets Iron and Steel Works increased electricity production by 1.15%, to 4441.703 million kW-h. This is the highest volume in the company history. “The increase of output allowed CherMK to increase the share of its own electricity in the total consumption to 78.3%, up by 0.5% YoY”, Severstal Russian Steel CEO Vadim Germanov…Details
In January-November 2017 Russia increased exports of rebars to Poland 9-fold YoY, to 60 thousand tons. The main exporter in the given period was NLMK-Kaluga (95% of the total exports). Evraz ZSMK supplied some 2 thousand tons. In November 2017 the average price for NLMK-Kaluga rebars was $545 per ton, and that of Evraz ZSMK…Details