In a year the Lipetsk-based Svobodniy Sokol will start producing pipes with the diameter of 1200 mm. The high-quality pig iron pipes will be used to construct main water and sewer pipelines in Russian regions and abroad. “We’re preparing to conclude a contract on the delivery of new pipe-making equipment with a company from Germany…Details
Zaporizhstal is negotiating with European banks and financial organizations the issue of attracting a loan to construct a converter shop valued at over $1 billion. “We need to get loans, and that means trust in the first place. Unfortunately, the situation in the country has not changed for the past two years. And the political…Details
In January Dneprovsky Iron and Steel Combine increased rolled metal output by 73% YoY, to 235 thousand tons. According to the company statement, steel output grew by 78.6%, to 234 thousand tons, and that of pig iron – by 95.3%, to 250 thousand tons. In December 2017 DMK produced 233 thousand tons of rolled metal,…Details
In 2017 Rusal produced 3.707 million tons of aluminum, up by 0.6% YoY. In Q4 2017 output grew by 1.4% QoQ, to 944 thousand tons. Aluminum sales in 12 months increased by 3.6%, to 3.955 million tons, and in Q4 2017 by 3.3% QoQ, to 1 million tons. Average sale price was $2105 per ton,…Details
In 2018 Rusolovo intends to mine 1600 tons of tin concentrate, up by 59% YoY.
This corresponds to some 286 thousand tons of ore, up by 39% YoY.
Last year Rusolovo mined 206.4 thousand tons of ore, with 131.8 thousand tons at Pravourmiyskoye LLC and 76.4 thousand tons at Tin Ore Company LLC. (Ukrainian metal)
This year the gold-extracting company Pavlik intends to obtain some 7 tons of gold, up by 7.7% YoY. “In the first year of operation we mined around 1 ton of gold. In 2016 we produced 4 times as much, and last year we reached 6.5 tons”, the company CEO Vasiliy Makarov said. “This allowed us…Details
This year Yakutia will increase silver output 2.5-fold YoY, to 80 tons.
In 2017 silver output exceeded the target by 26.7%.
Last year gold-extracting companies obtained 24.8 tons, up by 2.8% YoY. Ore gold mining grew by 10.3%, to 14.6 tons, while that of alluvial decreased by 6.3%, to 10.2 tons. (Ukrainian metal)
In March Sibirsky Mining and Metallurgical Alliance (SiGma) will put into operation the first stage of Ozernovsky Mining and Metallurgical Works in Kamchatka. The first line will have the capacity of 100 thousand tons of ore (2 tons of gold) per year. The first year of operation will see some 1-1.5 tons of gold. The…Details
In 2017 Zagorsky Pipe Works produced 146 thousand tons of pipes, up 4-fold YoY. Recently ZTZ has agreed with Severstal to buy 180 thousand tons of rolled metal for pipe manufacture. According to the company, pipe demand this year will range between 2.2 and 2.3 million tons, and in 2019 it will reach 2.5 million…Details
NLMK has commissioned a new crusher to process 12 thousand tons of wooden packaging a year. Investments in the project totaled 46 million rubles. Now the company will be able to process all its wood waste, while previously it used to crush only 1%. After crushing the wood splints will be used as raw materials…Details
Gold output of GV Gold rose by 37% YoY, to 224,500 ounces in 2017, or 5% above the plan due to the launch of the Drazhnoye and Ugakhan deposits and a new dredging unit at the Bolshoi Kuranakh mine, the company said in a statement on February 5. The capacity of company’s processing facilities increased…Details
The residents of Talas region have no claims against development of Jerooy, the Government’s Authorized Representative in the region, Marat Murataliev, declared at a press conference on February 5. According to him, the people agree that the field should work. “170 million soms have been transferred to the regional and district funds. A mini football…Details
The state commission has put into operation a new long face at the Zapadno-Donbasskaya mine. This is the second long face commissioned at the Ternovka Mine Group this year. It will provide the miners with work until April 2019, allowing them to obtain 800 thousand tons of coal. The length of the long face is…Details
The Federal Antimonopoly Service has allowed Vysochaishiy to purchase 100% of the Mineraly Kamchatki LLC, which manages gold-extracting assets of Renova. The company manages Zoloto Kamchatki, Interminerals Management LLC, Kamchatka Copper Company LLC, Kamchatskoye Zoloto, Bystrinskaya Mining Company, Ametistovoye and Kamgold. Zoloto Kamchatki owns 9 licenses for gold deposits with the combined reserves of over…Details
Electrocable has received machinery to modernize manufacture of cable with low gas and fume emission (halogen-free). Its total cost exceeds 73 million rubles. “Today all the strategically important objects, including nuclear power plants, subway, oil and gas infrastructure, as well as hospitals, kindergartens and malls are equipped with fireproof cables. Halogen-free cables do not emit…Details
In 2017 Buryatia obtained 5677.9 kg of gold, down by 4%, or by 231.1 kg YoY. According to the republican ministry of natural resources, ore gold output totaled 3610 kg, and alluvial – 2067.9 kg. Gold output in 2016 was 5891 kg, including 4021 kg of ore gold and 1870 kg of alluvial gold. (Ukrainian…Details
Severstal Bar Works Balakovo is celebrating its 10-year anniversary. The project of construction was of the Greenfield category, as it was built from scratch. The employees of the key professions were trained at the Cherepovets Iron and Steel Works. At present the number of local employees at the works is 95%. The first rolled metal…Details
TMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January in the total nominal value of $231 million on January 29. The $500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK…Details
PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announced its capital investment program for 2018. Severstal plans to invest approximately 49.5 billion rubles in 2018, focusing on the key areas of the company’s strategy. This investment will primarily be aimed at further reduction of costs, increasing the production of…Details
In 2017 the net profit of Severstal dropped by 16.4% YoY, to $1.355 billion. The group revenue grew by 32.7%, to $7.848 billion, and EBITDA increased by 34.9%, to $2.577 billion. Net profit in Q4 2017 totaled $563 million, up 1.9-fold QoQ. EBITDA grew by 22.4%, to $754 million, while revenue – by 10.4%, to…Details
The Finance Ministry will decide within a month whether to abolish value-added tax (VAT) on investment gold, Deputy Minister Alexei Moiseyev declared. “The main problem here is that to distinguish between gold intended for investment and for jewelry production is very hard. This is the main bone of contention. But I expect the decision to…Details
Residents of Kadamdzhay district hold a rally against the development of Shambesai gold field, regional administration reported. According to its data, residents demand to close the mine, because they believe that mining of gold harms the environment. Gold reserves of Shambesai field are estimated at 8 tons. Exploration work at the deposit began in 2007,…Details
Vesco, Druzhkovka Mine Group and Ogneupornerud, all controlled by System Capital Management, will jointly pay 329.023 million UAH of dividends for January 15 – July 31. In particular, Vesco will pay 224.21 million UAH, Druzhkovka Mine Group – 47.75 million UAH and Ogneupornerud – 57.05 million UAH. The corresponding decision was taken at the extraordinary…Details