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Trans-Siberian Gold Plc (TSG) intends to increase average annual gold output in Kamchatka 2-fold, to 2.8 tons. The increase will be due to the commission of the second mine at the Asachinskoye deposit node No. 25, as well as the development of the Rodnikovoye deposit. The second mine will be put into operation in 2020.…
DetailsThe Antimonopoly Committee of Ukraine has allowed Agimant Limited (Cyprus), owned by the businessman Sergey Tigipko, to buy Dealzone Holding Ltd (British Virgin Island), which owns 98.6578% of one of the largest manufacturers of metal wares – Dneprometiz. The decision was taken on October 8. In April 2019, AMKU prohibited Tigipko’s TAS from buying Dneprometiz…
DetailsIn January-September, Ferrexpo increased the shipments of iron ore raw materials in the direction of seaports by 45.4% YoY, to 6.96 million tons. At the same time, deliveries to EU dropped by 47.3%, to 1.7 million tons. In January-September, 8.6 million tons of iron ore were sent from the Zolotnishino station, up by 8.2% YoY.…
DetailsIn September, Dneprovsky Iron and Steel Works increased metal shipment via railroad by 38.8% MoM, to 156.7 thousand tons. 241 railroad cars departed the Kaidatskaya station in September. Most of the metal was shipped to the stations on the border with Russia, EU and Belarus, as well as near ports: Kazachya Lopan (2.8 thousand tons,…
DetailsIn January-September, Ukraine decreased metal transportation via railroad by 7.6% YoY, to 15.3 million tons. In particular, exports grew by 6%, to 11.5 million tons, while imports fell by 33.5%, to 435.7 thousand tons, transit – by 4.5%, to 848.5 thousand tons, and domestic – by 19.9%, to 2.5 million tons. In September, metal transportation…
DetailsAs of early October, Chay-Urya Zoloto, a part of Susumanzoloto, has extracted 1010 kg of gold, up by 26% from the target. This year the company is developing two sites in the Berelekh River valley and the Kvartseviy Brook in Susuman city district. Two more Susumanzoloto enterprises have exceeded their targets. Itkan has yielded 508…
DetailsUkrzaliznytsia intends to offer its services on locomotive repair to private companies. One of them could be Metinvest. According to the company, Lviv Locomotive-Repair Works, Dniepropetrovsk Locomotive-Repair Works and Zaporozhye Electric Locomotive-Repair Works have to show their worth not only at the expense of Ukrzaliznytsia, but also on the open market. That is why Ukrainian…
DetailsEmployees of Donetsk Iron and Steel Works have asked Denis Pushilin, the so-called head of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, to clear salary debts. The employees have not been paid for 4 months. People are in a desperate situation and are forced to quit. The main reason of…
DetailsAccording to the Ministry of Finances, in January-August Russia produced 214.59 tons of gold, down by 7.5% YoY. The decrease was due to the drop of secondary metal production (19.13 tons, down by 53.1%). Moreover, the amount of auxiliary metal decreased by 10.9%, to 11.31 tons. Extracted gold accounted for 184.15 tons, up by 3%.…
DetailsIn January-September, Ukraine decreased ferrous scrap procurement by 12% YoY, to 2.19 million tons. Exports dropped by 38%, to 25.2 thousand tons. Imports fell by 69%, to 13.6 thousand tons. (Ukrainian metal)
DetailsAzovstal has invested 96 million UAH in the capital repair of its converter No. 2. The repair started in mid-September. The company began preparing a month earlier. Each day around 7 units of machinery and over 100 contractor workers are operating at the site. The repair is to be finished within 45 days. (Ukrainian metal)
DetailsKyrgyz gold producer Alyans Altyn, a part of the Russian Platinum group of companies, will delay the launch of a gold plant at the Jerooy deposit indefinitely due to the riots that started in the country after parliamentary elections, a spokesperson for Russian Platinum reported on October 6. Previously, Alyans Altyn said it suspended works…
DetailsSince 2012, Zaporizhstal has spent 15 billion UAH on the ecological modernization. According to the company CEO Alexander Mironenko, in particular, the company has reconstructed three blast furnaces, which now meet all the modern technological and environmental standards. Zaporizhstal has also modernized its sinter factory, decreasing dust emission by 70%. Until the end of the…
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