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…Details
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 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…Details
Luchegorsk Coal Pit intends to start developing new coal sites of the Luchegorsky-2 pit at the Bikinskoye deposits. At present LUR mines some 4.1-4.2 million tons of coal per year. At the same time it its interested in covering all the needs of the power-generating companies of the region in coal and plans to increase…Details
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…Details
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…Details
Raspadskaya miners have yielded 5 million tons of coal since the year started. The symbolical stone with an inscription “5 million tons” was handed to the company management. “5 million tons is a major milestone for the mine. Only a couple of companies reach it in Russia. In 2018 we intend to modernize the 6-33…Details
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…Details
The state enterprise Mine named after Surgay (Donetsk region) has ordered the Tekhpostavka LLC the delivery of equipment for rock drilling valued at 3.67 million UAH. By the end of the year the company will have supplied a number of cutting tools and holding devices. In June Surgay Mine bought 100 thousand UAH worth of…Details
In January-September Izhstal sold 320 thousand tons of metal, up by 13% YoY. Steel output increased by 23%, to 235 thousand tons, rolled metal – by 2%, to 263 thousand tons. Output increase is due to the growth of sales of continuous cast billets to Beloretsk Iron and Steel Works, the largest metal wares manufacturer…Details
In January-July Russia produced 157.19 tons of gold (145.95 tons in 2016), including 126.39 tons of mined gold (117.76 tons), 10.41 tons of accompanying gold (8.46 tons) and 20.39 tons of secondary gold (19.73 tons). Silver output totaled 593.19 tons (581.07 tons), including 268.25 tons of mined silver (291.74 tons), 196.84 tons of accompanying silver…Details
In January-September SUEK enterprises mined 77.9 million tons of coal, down by 1% YoY. Sales increased by 3% YoY, to 76 million tons. Exports grew by 6%, to 39.9 million tons. The main importers were China, South Korea, Japan, the Netherlands, Morocco, Germany, Turkey, Israel, Poland and Spain. Sales on the local market remained on…Details
In January-September Khabarovsk krai obtained 17.588 tons of gold, up by 19.1% YoY. In particular, ore gold amounted to 13.891 tons, and alluvial gold – 3.696 tons. Silver output totaled 47.282 tons, up by 41.8%. Gold output increase was due to Svetloye LLC (Polymetal), Mnogovershinnoye (Rusdragmet LLC) and Amur Zoloto (Russian Platinum). Okhotskaya Mining and…Details
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…Details
Trubodetal has received 93.41 points out of 100 possible for its business reputation. This was the first time that the company evaluated its reputation. Thus the works has confirmed its correspondence to the InterGazCert certification. “Business reputation is the most important immaterial asset, which considerably increases the market cost of the company and gives it…Details
In July-September steel output grew to 4.4 million tons, by 6% QoQ and by 8% YoY, due to increased output at NLMK’s Russian divisions driven by the seasonal uptick in demand on the Russian market. Group sales grew by 1% both QoQ and YoY, to 4.24 million tons. Key growth factors: seasonal growth in demand…Details
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)
Metinvest is evaluating the possibility of supplying hot-rolled metal to alternative markets because of the EU duty. “But even now we see that we will not be able to compensate for the whole volume of the European market. So a decrease in output is possible”, the company said. Metinvest also hopes that the EU will…Details
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…Details
Odina is completing its mining of gold at Shugnov deposits. The gold-bearing ore reserves on the site are running low, and the company hopes to obtain licenses to develop new deposits. In 2005 Odina, one of the few companies to operate solely on investments from Tajik business, received a license to develop Shugnov deposits with…Details
In April-October AzerGold received $62.25 million (105.8 million manats) from the sale of gold and silver mined in Azerbaijan. In April the company started exporting gold and silver ingots refined by Argor-Heraus. “In April-October AzerGold sold 48.8 thousand ounces of gold and 68.4 thousand ounces of silver”, the company reported. In 2017 AzerGold intends to…Details
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)
Gaysky Mining and Processing Works has put into operation new floatation machinery in the main premises of its processing factory – two floatation machines with the volume of 8.5 cubic meters each. The cost of the machinery was some 7.7 million rubles. “This completes another stage of the processing factory modernization. The machines will improve…Details
Boris Kovalenkov, the head of the Rimera Group of Companies, has been appointed CEO of the ChTPZ group pipe division. The corresponding decision has been taken by the group board of directors. From October 16, Kovalenkov is responsible for the management of the pipe division, the improvement of its efficiency, as well as financial and…Details
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…Details
On November 1 the Arbitrary court of Rostov region will start reviewing the claim to declare the Obukhovskoye Mine Group insolvent. The mine group is a part of DTEK. The basis of the claim is the mine group debt of 6.7 million rubles. The Obukhovskoye Mine Group is mining for anthracite. As of August 23,…Details