Ukraine: coal imports up in January-May 2018

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…


Russia: RCC to mine gold and copper in Khabarovsk region

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)

Russia: OEMK confirms correspondence to international standards

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…


Kyrgyzstan: without investment gold production to decline

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…


Russia: gold output up in May 2018

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…


Kazakhstan: RG Gold increases capacity

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,…


Russia: Severstal to construct metal works in Surgut

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)