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The Russian government will unlikely hold an auction for the Sukhoi Log gold deposit in the Irkutsk region this year, Natural Resources and Environment Minister Sergei Donskoi reported. “A decision has not been made, and I would like to say officially that the auction will not most likely take place this year”, he said. In…
DetailsEnergomashspetsstal has produced feed and discharge trunnions for Ingulets Mining and Processing Works ore-pulverizing mills. According to the company statement, the weight of the equipment totaled 71 tons. The contract was concluded in July. All the parts will be supplied by year-end. (Ukrainian metal)
DetailsThe Ternovskoye Mine Group has put a new long face into operation. 788 thousand tons of coal will keep the local miners busy until January 2018. The length of the face is 280 meters. The average daily output is estimated at 2 thousand tons. (Ukrainian metal)
DetailsIn January-September Koks, a part of Industrial-Metallurgical Complex, produced 2.12 million tons of bulk coke, up by 3%. During the whole year the company coking batteries have been 100% loaded, IMC strategy and communications vice-president Sergey Frolov said. Coking coal output at IMC mines decreased by 7% YoY, to 1.45 million tons, due to repair…
DetailsIn January-September Tulachermet, a part of Industrial-Metallurgical Complex, produced 1.68 million tons of pig iron, up by 11% YoY. According to the company statement, steel-making pig iron production totaled 1.29 million tons, with 390 million tons of premium grades. “The orders of our customers have shifted to the steel-making pig iron in Q3, leading to…
DetailsZaporizhstal has started the certification of its hot- and cold-rolled steel coils according to four Indian standards. To confirm the correspondence specialists of the Indian Standards Bureau have arrived at the works. The license will allow Zaporizhstal to export its rolled metal to India, increasing its volumes. (Ukrainian metal)
DetailsEvraz plc has appointed Nikolay Ivanov the new vice-president on finances (CFO). Ivanov will replace Giacomo Baizini, who has been CFO for 4 months following the resignation of Pavel Tatianin. (Ukrainian metal)
DetailsIn November Russian Railways increased throughput by 2.6% YoY, to 34.06 million tons. In particular, the company transshipped 9.9 million tons of coal, up by 3% YoY. Iron and manganese ore transshipment went up by 4.5% YoY, to 3 million tons, ferrous metals scrap – by 10.4%, to 0.4 million tons, and coke – by…
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DetailsGold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has cut its 2016 gold output forecast to 840,000-880,000 ounces from 880,000-930,000 ounces due to suspension of production at the Aprelkovo mine and difficulties with access to African deposits because of an extraordinarily long rain season, the company said in a statement. But the forecast…
DetailsBelarus and Pakistan are mulling over a joint steel production project, the press service of the Belarusian Industry Ministry reported. “Minsk hosted an official meeting of the Belarusian Industry Ministry authorities led by Minister Vitaly Vovk with Ahmad Ayaz Sadiq, Vice President at Barclays Bank Plc, Director for FI and NBFI Coverage in the Middle…
DetailsIn 2016 Magnitogorsk Iron and Steel Works could receive $1 billion of net profits. Experts believe that the net profits will total $814, with EBITDA at $1.5 billion. In H1 MMK earned $486 million of net profits. Q3 results are on par with Q2, and MMK prices went up by 5%. Even though in Q4…
DetailsPavlogradskoye Mine Group has mined 3 million tons of power-generating coal a month before the planned time. The company is in the TOP-3 DTEK miners. Average daily output in January-October totaled 11 thousand tons. “The output of 3 million tons will let out thermal power plants provide light and warmth to hundred thousands of Ukrainian…
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