Polyus has started preparations for the preliminary estimation of the Sukhoy Log gold-ore deposit in Irkutsk region. The company intends to have received all the information by late 2018 and the estimation of reserves in 2020. In January 2017 the SL Zoloto LLC, a daughter company of Polyus, won the auction to develop the largest…Details
In January-September Sakhalin region mined 8.2 million tons of coal, up 1.5-fold YoY. Solntsevskiy Coal Pit LLC provided for the most yield – 5 million tons. The rest was mined by 9 other companies. In 2017 the region mined 7.6 million tons, up by 9.7% YoY, with 4 million tons contributed by Solntsevskiy Coal Pit.…Details
Highland Gold Mining Limited, the gold-extracting assets of which are situated in Khabarovsk and Zabaikalye regions, has presented the results for the third quarter and 9 months. In Q3 the Mnogovershinnoye, Belaya Gora and Novo-Shirokinskoye deposits yielded 4.4% more gold YoY – 74,826 ounces. In 9 months the output was 203,747 ounces of gold and…Details
OMZ-Spetsstal has commissioned a new coal injector for the LF-VD/VOD machine in the steel-smelting shop No. 8. The device will inject carbon-containing powder into metal during smelting at the LF-VD/VOD machine. Prior to the assembly of the coal injector, the carbon was added with the help of carbon-containing wire. The project will help the company…Details
The Uralelectromed subsidiary on the manufacture of non-ferrous metals alloys has modernized one of the two ore-smelting furnaces. According to the subsidiary director Tagir Khafizov, the modernization will allow for a more precise control of the raw materials loading technique and will improve labor conditions. The repairmen have dismantled the old lining and disassembled the…Details
Severstal-Metiz has mastered the manufacture of rebar ropes in special winding. At the request of its client – the company Apatit – the company started manufacturing rebar ropes in narrow coils. They are put on the drilling rigs and used in shafts with unstable rock. “While making the order we have taken into account all…Details
Cherepovets Iron and Steel Works has produced the first coke at the coke-oven battery No. 4 after its reconstruction. “The completion of the main stage of the coke-oven battery No. 4 reconstruction valued at 6 billion rubles opens a long-term program to renew capacities of CherMK coke-and-sinter manufacture. The new machine will mainly operate on…Details
The German chemical concern BASF has chosen the site for its first European plant to produce components for accumulator batteries near the Norilsk Nickel enterprise in the city of Harjavalta (Finland). The commissioning of the plant, to be constructed on the basis of the operating since 2018 pilot manufacture, is scheduled for late 2020. It…Details
The state enterprise Ukrpromvneshekspertisa forecasts that in November the volume of ferrous scrap deliveries to metal companies will grow by 4.4% MoM, to 260 thousand tons.
The forecast for October will drop by 3.9% MoM, to 240 thousand tons.
In December the deliveries are expected to reach 230 thousand tons. (Ukrainian metal)
Miners of the state enterprise Lisichanskugol mine named after Kapustin are still striking underground. On October 19, 33 miners refused to return to the surface. “The unions have provided them with food and water. But they have stayed without food for a day”, Mikhail Volynets, the chairman of Independent Miners’ Union, reported. The miners demand…Details
For the first time in Russia Evraz NTMK has implemented a system of manufacture planning on the basis of SAP ERP and SAP APO PP/DS.
The system has changed the process of ordering, manufacture planning and spare parts producing.
As a result, the level of warehouse stocks has decreased by 10%. (Ukrainian metal)
In August Russia imported 74.1 thousand tons of flat galvanized rolled metal (including coatings with aluminum), down by 4.5% YoY. In January-August imports dropped by 7.4%, to 392.2 thousand tons, valued at $393 million, up by 4%. Kazakhstan supplied the most – 46%, down by 2.3%. The average price on the Russian border was $739.3…Details
In August Russia imported 55.4 thousand tons of flat galvanized steel with polymer coating, up by 7.6% YoY. In January-August imports dropped by 30.3% YoY, to 277.8 thousand tons. The main supplier is China (118.7 thousand tons, down by 50.4%). The average price at the Russian border in August was $894.2 per ton without VAT.…Details
A fire appeared on the territory of 4500 square meters at the zinc electrolysis shop of Electrozinc in the city of Vladikavkaz. 150 firemen and 42 machines were used to extinguish the fire. As a result of the accident one fireman perished and two were injured. Presumably the building contained sulfuric acid tanks. The company…Details
The Rostov subsidiary of the First Cargo Company reported that in January-September the Tuapse Sea Trade Port unloaded 33.5 thousand wagons, that brought over 2 million tons of NLMK ferrous metals, up by 36% YoY. The increase has to do with the demand growth in the far abroad countries. The port shipped pipes (90% of…Details
In September Ukraine increased coal imports by 1.5% YoY, to $215.429 million, while exports grew by 99.5%, to $0.034 million. According to the State Fiscal Service, the main supplier was Russia ($136.23 million). In January-September Ukraine imported $2191.76 million worth of coal, up by 15.4% YoY, while exports dropped by 89.2%, to 8.127 billion. (Ukrainian…Details
Evraz will increase the capital investments program for 2019-2022 to $830-990 million, while since 2014 it has already invested more that $660 million. It is planned to carry out projects worth $1.5 billion, and spend $500 million a year on the maintenance. In particular, the modernization of rail manufacture at Evraz Rocky Mountain Steel (USA)…Details
Prices of gold, silver, platinum and palladium increased in Azerbaijan on October 22, according to the data published by the Central Bank. The price of gold grew by 0.918 manats, to 2,087.515 manats per ounce on October 22 compared to the price on October 19. The price of silver went up by 0.0907 manats, to…Details
The price of one ounce of gold increased by 8.9675 manats or by 0.4% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,081.2624 manats. The price of one ounce of silver decreased by 0.0391 manats or by 0.16%, to 24.8707 manats. The price of one ounce of platinum…Details
Ukrainian Prime Minister Volodymyr Groysman has said that the problem of wage arrears, in particular, requires modernization of the industry and increased coal production. “There is an issue of restructuring the industry as a whole. I don’t like how things are going on in the coal industry. The impression is that this is a closed…Details
The prices of gold, silver and palladium increased in Azerbaijan on October 19, while the price for platinum decreased, according to the data published by the Central Bank. The price of gold grew by 6.137 manats, to 2,086.597 manats per ounce on October 19 compared to the price on October 18. The price of silver…Details
Out of 1.4 billion UAH, that the members of the Parliament decided to provide to pay salary to state miners, the Cabinet of Ministers was only able to get 113 million. “We have absolutely no funds. Together with the Ministry of Finances we are looking for ways to get the money”, the minister of energy…Details
Vostsibugol LLC has been announced a winner in the auction to develop the Western field of the Motovsky site of the Voznesenskoye deposits in Irkutsk region. The company paid 100 million rubles for the license. The estimated reserves of the site are 51 million tons of coal. The size of the site is 11.4 square…Details
Staltrans is increasing its presence on the territory of the Russian Federation.
A new warehouse in the city of Perm has allowed the company to expand its trade and service network in Privolzhye Federal District.
The warehouse with all the necessary machinery is situated near major transport routes. (Ukrainian metal)