The State Duma committee on budget and taxes has provided for the first reading a draft law to stimulate the mining of rare earth metals. It will also help develop Yakutia economy. The draft law presupposes decreasing tax on the mining of natural resources when extracting rare earth metals. The bill could come into effect…
DetailsIn 2018 Gornyak-1 LLC mined 1.311 million tons of coal in Sakhalin region, down by 4% YoY. The company operated at 4 license sites. The Khandansinskiy-Semirechenskiy site of the Pobedinskaya field yielded the most coal – 826.2 thousand tons. 378.8 thousand tons were mined at the Ivanovskiy site of the Gornozavodskoye deposit. The Gradskiy site…
DetailsA processing factory will be built on the basis of the Vertikalnoye mining enterprise in Yakutia.
Its processing capacity will be 110 thousand tons of ore per year.
The factory will be producing silver cathode deposit. (Ukrainian metal)
In 2018 Boshnyakovsky Coal Pit LLC mined 880.3 thousand tons of coal in the Sakhalin region. The volume of rock removed was 18.7 million cubic meters. The work was carried out at the Soldatskiy-1 and Onnayskiy sites of the Boshnyakovskoye coal deposit. The output dropped by 2.3% YoY. The company owns 3 licenses to develop…
DetailsThe price of one ounce of gold increased by 2.4395 manats or by 0.11% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,194.734 manats. The price of one ounce of silver decreased by 0.028 manats or by 0.11%, to 26.4918 manats. The price of one ounce of platinum…
DetailsIn 2018 the Razrez Stepnoy pit, a part of Russkiy Ugol, mined over 4.2 million tons of coal in Khakasia. 3.4 million tons were processed at the factory. The pit employs over 1 thousand locals. The enterprise was founded in 1993. In more than 25 year of operation it has mined over 63 million tons…
DetailsEnergomashspetsstal has presented rolls for the new hot-rolling mill-2200 of ArcelorMittal Lazaro Cardenas (Mexico) to the customer – Primetals Technologies (Austria). The corresponding agreement was concluded in April 2018. Under the contract EMSS has supplied 12 supporting rolls with the total weight of 508 tons. This is the first batch of rolls. According to the…
DetailsIn 2018 Ukraine decreased ferroalloys output by 0.4% YoY, to 1022.02 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in December 2018 output grew by 3.9% MoM, to 85.11 thousand tons. (Ukrainian metal)
In 2018 Ukraine exported 15.04 million tons of ferrous metals via ports, up by 6.7% YoY. In particular, pig iron exports grew by 30.7%, to 2.977 million tons. At the same time rolled metal exports dropped by 2.5%, to 8.903 million tons and scrap by 1.7%, to 81.05 thousand tons. Iron ore exports decreased by…
DetailsOn January 11-18 metal prices in the Central region dropped by 5.9 points, or by 1.03%, to 567.7. Rebars saw the largest decrease – 2.84%. Rounds lost 1.55%, electric welded pipes – 1.53%, and beams – 0.88%. The price of channel fell by 0.38%, galvanized flat metal – by 0.13%, and hot-rolled sheet – by…
DetailsIn 2018 Kuzbass region extracted 255.3 million tons of coal, up by 5.7% YoY.
In particular, pits yielded 165.8 million tons and mines – 89.5 million tons.
The output of coking coal was 73.2 million tons, and power-generating coal – 182.1 million tons.
Factories processed 182.1 million tons, up by 6.1%. (Ukrainian metal)
Khujir Enterprise LLC has started resuming mining at the Konevinskoye gold deposit in the Republic of Buryatia.
The work of the mine was suspended in 2014.
The decision to resume operation was taken in December 2018.
The C1+C2 reserves of the deposit are over 2 tons of gold. (Ukrainian metal)
In 2018 Amur region extracted 3.5 million tons of power-generating coal, up by 100 thousand tons YoY.
The coal is mined at the Yerkovetskiy and Severo-Vostochniy pits.
In particular, coal output of the Yerkovetskiy pit, commissioned in 1991, grew by 3%.
Severo-Vostochniy pit, operating since 1932, increased output by 4% YoY. (Ukrainian metal)
Uralelectromed has prepared a site for the construction of the third stage of the copper electrolysis shop. The site is situated on the territory of the old electrolysis shop, constructed in 1934 and now partly demolished. A foundation pit with the depth of 4 meters has been dug. Its total depth will be 5 meters.…
DetailsIn 2018 Severstal increased steel output by 3%, to 12.04 million tons mostly due to the commissioning of the ladle furnace No. 2. Pig iron output remained unchanged at 9.15 million tons. Consolidated sales grew by 2%, to 11.18 million tons. Coking coal concentrate sales from Vorkutaugol increased by 2%, to 3.37 million tons. (Ukrainian…
DetailsIn 2018, NLMK Group sales grew to 17.6 million tons, by 7% YoY. Steel output grew by 2%, to 17.5 million tons. Steel capacity utilization rate was 99%. Sales grew driven by growth of demand on key sales markets. Sales growth was supported by a +20%YoY increase of semi-finished product sales, to 6.8 million tons.…
DetailsThe prices of precious metals varied in Azerbaijan on January 18. The price of gold increased by 0.799 manats, to 2,196.4255 manats per ounce on January 18 compared to the price on January 17. The price of silver decreased by 0.024 manats, to 26.4263 manats per ounce. The price of palladium grew by 96.1945 manats,…
DetailsWorkers of NLMK Clabecq, a Belgium plant of the Russian steelmaker Novolipetsk Steel (NLMK), have gone on strike in response to plans to lay off half of personnel under a restructuring program, a labor union representative reported. “We announced a strike as a response to that, and it will be in force until 2.00 p.m.…
DetailsHighland Gold Mining Limited has reassessed the ore reserves at the Mnogovershinnoye deposit according to JORC (2012). Thus, gold quantity in ore as of January 1, 2018 increased to 771,569 ounces from 452,866 ounces. Gold contents dropped from 5.5 g per ton to 2.7 g per ton due to the considerable increase in ore volumes…
DetailsIn December 2018 Ukraine produced 1.89 million tons of steel, 1.83 million tons of pig iron and 1.52 million tons of rolled metal, all up by 14%, 12% and 3% YoY respectively. The output increase is due to the completion of repairs at some enterprises. Also, last year Ukraine produced 60.32 million tons of iron…
DetailsIn 2018 Ukrainian metal enterprises consumed some 1.84 billion cubic meters of natural gas, up by 4% YoY.
In December 2018, gas consumption grew by 13% MoM, to 170 million cubic meters.
Energy consumption last year was 11.76 billion kW-h, up by 6% YoY. (Ukrainian metal)
In 2018 Ukraine procured 3.67 million tons of scrap, down by 2% YoY. Of this amount local companies received 3.34 million tons, up by 3%. 0.33 million tons were exported, down by 33%. In December 2018, 317 thousand tons of scrap were procured, up by 1% MoM, with 309 thousand tons supplied to local metal…
DetailsThe Chairman of the Board of Directors of PJSC Magnitogorsk Iron and Steel Works (MMK) Victor Rashnikov made a statement in connection with the decision of the president of the Russian Federation Vladimir Putin regarding relocating residents of the building affected by the tragedy in Magnitogorsk. “In the first hours after the terrible tragedy that…
DetailsAccording to Ukrmetallurgprom, in February Ukraine will produce 1.7 million tons of steel, 1.6 million tons of pig iron and 1.5 million tons of rolled metal. As of January 16, 20 out of 21 blast furnaces, 8 of 9 open-hearth furnaces, 15 out of 16 converters, 6 out of 15 electric arc furnaces and all…
DetailsThe Central Court of Appeals made the decision to return Zaporozhye Titanium and Magnesium Works to state ownership more than a month ago. But it still has not come into effect. The Special Anticorruption Prosecutor’s Office has asked the State Property Fund and the Prime Minister to intervene. In particular the office asks to develop…
DetailsThe prosecutors of the Yamalo-Nenets Autonomous District have checked the compliance with the environment legislation by Chelyabinsk Electrometallurgical Works.
As a result, multiple violations have been found.
In particular, ChEMK pollutes the Makar-Ruz and Yengai rivers, stores wastes, and violates fire and industrial safety.
The company has been fined for 1.5 million rubles. (Ukrainian metal)