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Irkutskgeofizika, a part of the state geological holding Rosgeologia, has started the summer field season with the prospecting works at the Okino-Iyskaya territory in Irkutsk region. The goal of the project is to locate and evaluate R1 and R2 gold resources. The project will be completed in Q4 2020. (Ukrainian metal)
DetailsIn May the most efficient rolling mill at MMK – the 2000 hot-rolling mill – set a record of monthly output – 527.5 thousand tons. This is the maximum monthly output since the mill’s commissioning in 1994. The previous record was set on January 2015 – 526.2 thousand tons. The 2000-mill is one of the…
DetailsSeverstal has started another stage of the coke-oven plant No. 4 construction at Cherepovets Iron and Steel Works – the drying and heating of the new machine. The total cost of the investment project is some 6 billion rubles. One of the advantages of the new coke-oven plant is the considerable decrease of environment impact.…
DetailsThe number of operating state coalmines in Ukraine has decreased. “Last year we finished the process of shutting down 5 state mines”, the minister of energy and coal industry Igor Nasalik said. He also named the mines, which coped with the coal output targets. “These are the Yuzhnodonbasskaya No. 1, the mine named after Sugray,…
DetailsIn April Russia exported 1.504 million tons of steel semi-finished products down by 5% MoM. According to the customs statistics, flat rolled metal exports grew by 26.8%, to 806 thousand tons. In January-April semi-finished products exports increased by 11.5% YoY, to 5.446 million tons, while those of flat rolled metal dropped by 12.4%, to 2.708…
DetailsRussia plans to raise its coal output by around 1% YoY, to 413 million tons in 2018, according to documents signed at a ministerial meeting between Russia and Belarus on June 13. Coal consumption is expected at 192.5 million tons in Russia and 630,000 tons in Belarus, of which 530,000 tons will be imported from…
DetailsThe prices of precious metals varied in Azerbaijan on June 13, according to the data published by the Central Bank. The cost of gold decreased by 3.23 manats, to 2,201.4405 manats per ounce compared to the price on June 12. The cost of silver decreased by 0.0919 manats, to 28.601 manats per ounce. The cost…
DetailsThe state enterprise Lvivugol has a strategic goal for this year to construct a mini-processing factory at the Chervonogradskaya mine. The enterprise also plans to commission four long faces, as well as receive a loan worth 340 million UAH for the machinery at the Vozrozhdeniye and Stepnaya mines. Lvivugol is the only state coal enterprise…
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