Russia: MMK to pay dividends quarterly

The Board of Directors of PJSC Magnitogorsk Iron and Steel Works on October 16 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM. Dividends on issued shares of PJSC MMK will be paid based on the results of the first nine months…

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Kazakhstan: 62.69 tons of gold produced in January-September 2017

In January-September Kazakhstan produced 62,697 kg of unwrought gold, up by 16.3% YoY.

According to the Statistics Committee of the Ministry of National Economy, production of unwrought silver in the reporting period amounted to 792,535 kg, down by 12.5% from January-September of 2016. (Kazinform/Ukrainian metal)

Kazakhstan to limit coal export

Kazakhstan offered to limit the export of coal for the period of preparation for the heating season. This proposal was received from the Ministry of Economy of the Republic of Kazakhstan. Electric Stations JSC informed that there are no problems with the supply of Kazakh coal to the Bishkek Heating and Power Station: 261,119 tons…

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Russia: PGK non-ferrous raw materials throughput up in January-September 2017

In January-September the St. Petersburg subsidiary of the First Cargo Company transported 108 thousand tons of ore and non-ferrous concentrates, up by 75% YoY. The subsidiary throughput in this segment increased by a third and reached 178 million ton-km. According to the company statement, the main cargoes are nickel matte, alumina and aluminum ore. Nickel…

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Russia: RMK gets Mining Award

The Russian Copper Company has been awarded the “Socially responsible company of the year” at the 11th annual “Russian Mining Award”. In 2016-2017 RMK carried out a number of social projects aimed at developing territories around its enterprises and improving the living standards of the population. The company also finances the construction and repair of…

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Russia: OMK supplies LDP to Kazakhstan

The United Metallurgical Company has completed the delivery of large diameter pipes with corrosion-resistant coating and joints to Kazakhstan. The volume of the products shipped exceeded 12 thousand tons. Customers were the largest power-generating companies of the country – Kaztransgaz and Kaztransoil, both parts of the national company KazMunayGaz. OMK delivered 1220 mm diameter pipes…

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Russia: KZOTsM starts assembling plate-leveling machine

Kirov Non-Ferrous Metals Processing Works has started assembling new machinery at its rolling and press shop. EZW43Q-90*1300 plate-leveling machine (China) is used to level sheets and plates with the thickness of 20-90 mm. Training of the personnel and the commissioning works will be completed in November. With the new machine KZOTsM will start manufacturing a…

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Ukraine: Lvivugol orders 4 million UAH worth of miner’s lamps

The state enterprise Lvivugol has ordered A.S. Group LLC the delivery of miner’s lamps valued at 3.74 million UAH.

The company will supply 2780 lamps at 1345.56 UAH apiece.

4 companies submitted offers to participate in the trade, but only two were allowed.

A.S. Group LLC competitor was Forma Trade LLC. (Ukrainian metal)

Kyrgyzstan: Jerui development postponed

Russian Platinum has postponed the start of the Jerui deposits development for 2 years. According to the license, this year a gold-extracting factory should have started operation at the site. But Russian Platinum just starts preparation works. For the delay the company will be fined $100 thousand each month. Jerui was supposed to yield some…

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Russia: TMK supplies compressor-pump pipes with TMK UP PF joints to Surgutneftegaz

TMK has for the first time supplied its compressor-pump pipes with the premium TMK UP PF joints to Surgutneftegaz.

The first batch of pipes has been successfully installed at the Dunaevskoye deposits.

TMK share on the Russian market of premium joints in 2016 was 76%. (Ukrainian metal)

Russia: Metalloinvest’s HBI-3 Plant recognized as the best investment project in 2017

Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the “Investment Project of the Year” prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July. The awards ceremony took place at MINEX Russia 2017. Independent experts praised HBI-3 Plant, the largest in Russia and one…

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