Russia: Rosgeologia to inspect gold-promising site in Magadan region

Rosgeologia will carry out prospecting works within the Petenikanskaya field.

The site is in the Magadan region.

The total size of the site to be inspected is 470 square km.

The project has to be carried out by the end of 2020. (Ukrainian metal)

Russia: CherMK electricity output up in H1 2018

In January-June Cherepovets Iron and Steel Works produced 2251 million kW-h of electricity, up by 1% YoY.

“The increase allowed driving the consumption of our own electricity to 77.2% of the total amount, which is one of the best results in the industry”, Severstal Russian Steel CEO Vadim Germanov said. (Ukrainian metal)

Kyrgyzstan: First Longstop Date under strategic agreement on Kumtor repeatedly extended

Centerra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date under the Strategic Agreement originally expired on April…

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Russia: UralKuz sales up in H1 2018

In January-June Uralskaya Kuznitsa increased sales by 43%, to 98 thousand tons.

UralKuz increases railroad axles output. Axles sales grew by 69%.

The company has been manufacturing products for railroad transport since 1995. (Ukrainian metal)

Russia: NLMK output up in H1 2018

In January-June NLMK produced 6.49 million tons of steel, up by 3% YoY. Pig iron output totaled 6.15 million tons, up by 7%. Galvanized rolled metal manufacture grew by 19%, to 424 thousand tons. Transformer steel output reached 54 thousand tons, up by 28%. In June the 2000-mill set a daily output record of 20.78…

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Belarus: specialists searching for gold in Sudan

Belarusian specialists are busy doing geological prospecting work for the sake of gold extraction in Sudan, Belarusian Deputy Natural Resources and Environmental Protection Minister Andrei Khmel reported on July 19. The agreement on inviting Belarusian specialists to search for and extract gold in Sudan was reached as Belarus President Alexander Lukashenko visited the country. “A…

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Russia: Belenergomash-BZEM to produce metal structures for Uzbekistan chemical industry

Belenergomash-BZEM LLC has concluded a contract for the manufacture of 2200 tons of metal structures for the Nitric Acid Works in the city of Navoi (Uzbekistan). The order comprises main and supplementary metal structures, roof and wall sandwich-panels, doors, windows, water pipeline system, etc. The company has already finished 3D-modelling and designing the structures, and…

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Russia: Gaysky GOK buys new machinery

Gaysky Mining and Processing Works has purchased new mills for its repair-mechanical plant under the program to replace and modernize outdated machinery. Investments this year total 2 billion rubles. Since the start of the year over 20 units of mining machinery, both domestic and imported, have arrived at the enterprise. Two milling machines valued at…

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Ukraine: Metinvest gets loan to construct CCM at Mariupol Ilyich

Metinvest has attracted a loan of 43.2 million euros for 7 years to finance the Mariupol Ilyich Iron and Steel Works. The loan is covered by the Austrian export guarantee issued by Oesterreichische Kontrollbank AG. The money will be spent to finance the construction of the continuous casting machine No. 4 at Mariupol Ilyich by…

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