In May Zapadno-Sibirsky Iron and Steel Works decreased railroad deliveries of rolled metal to its customers by 6.3% MoM, but increased them by 5.6% YoY. In 5 months sales dropped by 0.7% YoY, to 2.75 million tons. Sales to domestic customers grew by 3.7%, to 792.4 thousand tons, while exports – by 0.6%, to 1.96…Details
The development of Ishtamberdi gold field in Ala-Buka district was suspended, the Department of Internal Affairs for Jalal-Abad region reported. According to its data, a commission came to the site after the rally of local residents, which found minor shortcomings in the development of the field. In addition, a criminal case was initiated under the…Details
Imported coal deliveries to thermal and combined heat and thermal power plants in January-May grew 2.8-fold YoY, to 2.781 million tons. According to the Ministry of energy and coal industry, in particular Russia supplied 2.013 million tons of coal, or 72.4%, USA – 623.2 thousand tons (22.4%) and South African Republic – 144.8 thousand tons…Details
President Petro Poroshenko has signed a decree to increase the scrap export duty to 42 euros per ton and prolong it for a year, until September 2019. On May 17 the Verkhovna Rada adopted the decree No. 8226 “On amendments to some decrees of Ukraine on the decrease of ferrous scrap on domestic market”. In…Details
In January-May Russia produced 21.6 million tons of pig iron, down by 0.4% YoY. According to the Federal Service of State Statistics, in May the decrease was 0.2% YoY and 0.6% MoM. Rolled metal output increased by 2.3%, to 25.9 million tons, with May results up by 0.5% MoM and by 2.9% YoY. Pipe companies…Details
In January-May Amur region obtained 7337.7 kg of gold, down by 13% YoY. Silver is not mined in the region. The decrease in the output has to do with the drop of manufacture at Petropavlovsk and Nordgold assets. 6551.6 kg accounted for ore gold. Alluvial season started in May, and as of June 1, 786.1…Details
In May ZEMZ produced 4568 tons of steel, with the third electric steel shop providing 545 tons. Last month ZEMZ sold 2974 tons of metal. The mill-750 produced 2177 tons of rolled metal, up by 7.7% from the target. Slabs of nickel-containing stainless steel accounted for 615 tons. They have been supplied to Krasniy Oktyabr.…Details
Alexandrinskaya Mining and Ore Company has mined 4 million tons of ore at the underground mine Chebachye. The deposit of the copper ores is situated in Chelyabinsk region. It was discovered in 1972. The reserves are estimated at 15 million tons of ore. The development of the deposits started in 2004. The mine was commissioned…Details
Russian Copper Company intends to buy a project to develop the Malmyzhskoye gold-copper-porphyry deposits in Khabarovsk region.
The second party of the deal will be IG Copper LLC.
The cost of the deal is estimated at $200 million.
The deal is expected to be finalized in Q3. (Ukrainian metal)
Electrozinc has assembled the UniFO switchboard device at the ultimate absorber of its sulfuric acid shop. This has completed the large-scale reconstruction and modernization program begun in 2008. In September during the scheduled shut down repair of the zinc manufacture the ultimate absorber will be connected to the chain of the machines and will be…Details
Beloretsk Iron and Steel Works is implementing the system of the incoming control of the bearings it receives. A laser-marking machine has been purchased to mark the bearings in order to control their usage. Earlier this year the company has already purchased a test bench to check and remove low quality bearings. Since then BMK…Details
Oskol Electrometallurgical Works has successfully passed the re-certification audit of the quality and environment management systems. The correspondence has been confirmed by TUV SUD Management and DNV GL. The audit has been carried out to check the compliance of the quality management system in car manufacture with IATF 16949:2016. Environment management system was checked for…Details
The director of the temporary administration of the Stakhanov Ferroalloy Plant Vladimir Gordienko has reported that the works has resumed operation. “We have even made the first smelting. By the end of the month we intend to have reached 1 thousand tons of output per month, and later to increase it to 1800 tons”, he…Details
Last week the price of precious metals varied in Azerbaijan. The prices of gold and silver increased, while the prices of platinum and palladium decreased. The price of one ounce of gold increased by 0.6545 manats, or by 0.0296%. Accordingly, the average price of one ounce of gold stood at 2,205.905125 manats. On June 15…Details
Without more investment in the mining industry, mineral production in the Kyrgyz Republic will decline over the next decade, report by the Natural Resource Governance Institute (NRGI), an independent nonprofit organization dedicated to improving countries’ governance over their natural resources to promote sustainable and inclusive development, says. As the author of the report “An Economic…Details
Russia’s production of finished, semi-finished, and powdered gold rose by 6% YoY and by 21.5% MoM in May, the Federal State Statistics Service said in a report. In January-May gold production increased by 2.9% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but the…Details
The intergovernmental agreement signed in February, which allows China National Gold Group to get 70% of Klyuchevskiy gold ore deposits in Zabaikalye region, has been submitted to the State Duma for ratification. The project will be carried out in 2 years. The Chinese company will invest $500 million in gold mining. The reserves are estimated…Details
In spring RG Gold commissioned the third crushing complex at the Yuzhniy Raigorodok and Severniy Raigorodok in Akmola region. This allowed the company to increase annual ore processing from 1.3 million tons to 2 million tons and produce some 45-50 thousand ounces (1.5 tons) of gold. Investments in the development totaled $6.7 million in 2017-2018,…Details
In January-May Kuzbass mined 102.9 million tons of coal, up by 5.8% YoY. In particular, 73.6 million tons of power-generating coal and 29.3 million tons of coking coal were mined. SUEK-Kuzbass increased output by 1.8 million tons, Razrez Kiyzasskiy LLC – by 1.4 million tons, Stroyservis and MelTEK LLC – by 0.9 million tons each.…Details
Severstal will construct a metal works to produce metal structures and welded goods in the city of Surgut.
The works with the size of 350 square meters will create over 500 jobs.
Investments total 13 billion rubles.
The works is expected to start operating in 2021. (Ukrainian metal)
Cherepovets Iron and Steel Works has produced anniversary tons of steel at two shops. In particular, the electric steel shop produced the 45-millionth ton of steel. The first metal was produced there in 1969. At first the shop had 4 electric arc furnaces, a steel degassing machine and two slab continuous casting machines. The converter…Details
The people’s deputy Sergey Dunayev has failed keeping his promise of clearing salary debts to the state enterprise Lisichanskugol employees. “Because of red tape in filing documents to the Ministry of Finances and the State Treasury, the Ministry of energy and coal industry cannot promptly solve the problem of salary debts. The miners demand immediate…Details
In January-May by-product coke plants of Ukraine imported 4.75 million tons of coking coal and coal concentrate, up by 17% YoY. In May 0.9 million tons of coking coal were imported, down by 11% MoM. Ukrainian coal deliveries in 5 months totaled 1.24 million tons, down by 6% YoY, with 220 thousand tons delivered in…Details
Vostoc LLC, extracting gold in the Anadyr district of Chukotka Autonomous District, will start obtaining alluvial gold at the deposits of the Pravaya Kolbi River. This washing season the company intends to get 20 kg of gold. The balance resources of the deposit are estimated at 377 kg of gold. Investments in the site development…Details