Highland Gold Mining Limited has set the volume of capital investments in 2020 at the level of $205-210 million. Last year investments amounted to $94 million. Kekura deposit in Chukotka will account for almost a half of funds. The rest will be invested in Valunistiy mine in Chukotka, as well as Belaya Gora and Zabaikalye…Details
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In January Russia produced 4.8 million tons of unalloyed steel and semi-finished products, down by 5.5% YoY and by 2.6% MoM. Stainless steel manufacture grew by 9.1% and by 26.2% respectively, to 16.6 thousand tons. Alloyed steel production totaled 1.5 million tons, up by 24% YoY and by 6.1% MoM. Rolled metal output in January…Details
In December 2019 Russia exported 1.5 thousand tons of ferrotitanium, down by 24% MoM and by 3% YoY. Deliveries to the Netherlands decreased 1.5-fold, to 985 tons, and to Germany – 2-fold, to 85.7 tons. At the same time China imported 177.5 tons, up by 67% MoM. In 2019 exports totaled 20 thousand tons, up…Details
Russian gas producer Novatek, nuclear power corporation Rosatom and hydropower company RusHydro have offered alternative layouts of power supply to the Baimsky GOK ore-dressing plant on the Chukchi Peninsula, sources with knowledge of the results of a meeting with the Far East Development Ministry have reported. The plant owned by KAZ Minerals needs 250 megawatts…Details
Mines will not be closed or liquidated until their employees get another job, Ukrainian President Volodymyr Zelensky has said during an all-Ukrainian meeting of coal workers on February 25. “No mine can be closed or liquidated until people get a new job, secure and decent pay. First, new jobs for these people, and only then…Details
In 2019 Zlatoust Electrometallurgical Works became a leader of the stainless steel manufacture in Russia. The company accounted for 40.5% (23446 tons) of the output, up by 8.9% YoY. Last year, 105.86 thousand tons of stainless steel were produced in Russia, up by 12.7% YoY. The manufacture of nickel-containing grades grew by 12.4%, to 78.23…Details
OMZ-Spetsstal sales director Nikita Voronin has made a report on the localization of wind plants components manufacture in Russia during the RAWI FORUM 2020. Participation allowed the company studying the experience of the states and major enterprises that had decided to completely switch to renewable energy sources, as well as negotiating with manufacturers and developers.…Details
All wage arrears to Ukrainian coalminers should be paid during March and April, Ukrainian President Volodymyr Zelensky has said during an all-Ukrainian meeting of coal workers on February 25. “I very much ask for all debts to coalminers to be completely repaid in the next two months: March, April,” Zelensky said. He noted that wage…Details
In 2020 the metal structures construction in Ukraine is expected to grow by 10 thousand tons YoY. “We have made a forecast for a longer term based on the average GDP growth of 3% and the increase of consumption of steel structures, used in the construction of housing. We believe, by 2030 steel structures consumption…Details
DTEK does not intend to participate in the privatization of Centerenergo and profitless state mines. “Our priority is the development of green energy generation,” the group CEO Maxim Timchenko said after the meeting of coal industry participants in Kyiv. According to him, new players are needed in the industry. (Ukrainian metal)Details
In 2019 transportation of metal and mining products via roads decreased. In particular, transportation of iron ore dropped by 41%, to 1.15 million tons, and metals – by 9.7%, to 3.2 million tons (including 533.7 thousand tons abroad). According to the State Statistics Service, automobile transportation of iron, pig iron, steel and ferroalloys went down…Details
Mining at a depth of more than 47,000 meters was performed at all fields of Azerbaijan’s AzerGold CJSC mining company, Chairman of the Executive Board of AzerGold Zakir Ibrahimov said at a company’s press conference on the results of 2019. Ibrahimov added that this indicator was the highest in the mining industry in Azerbaijan. “Thus,…Details
In 2019, 19 metal and mining companies entered the top-100 taxpayers in Ukraine according to the Rating Magazine. In particular, among them Yuzhniy Mining and Processing Works paid the most – 3404.5 million UAH, up by 1.19% YoY. It is followed by Severniy GOK – 3399.3 million UAH (+20.11%), ArcelorMittal Kriviy Rih – 3311.02 million…Details