Baikal Mining Company and the Dalstroymekhanizatsia Company have signed an agreement to construct a road from the Novaya Chara station to the site of the Udokan mining and processing works. The new road with the length of over 17 km and the width of 6 meters will allow transporting 700 thousand tons of ore per…Details
Severstal – Bar Works Balakovo has completed a scheduled capital repair of machinery. The total cost of the work exceeded 80 million rubles. The specialists carried out repair in the electric arc, bar-rolling and machinery shops. “The main work focused on the restoration of the initial parameters of the machinery lost during operation. The repair…Details
The technique to use hot-briquetted iron in steel manufacture is being developed at Pervouralsky Pipe Works. According to the ChTPZ commercial director Denis Prikhodko, HBI will be purchased at Mikhailovsky and Lebedinsky Mining and Processing Works of Metalloinvest. “We have great prospects of cooperation with Metalloinvest”, he added. In particular, PNTZ intends to increase purchases…Details
The government of Kyrgyzstan wants to revise a strategic agreement with the Canadian company Centerra Gold Inc. on cooperation on Kumtor project, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziyev announced at a meeting of the Parliament. According to him, the current government is not satisfied with the terms of the agreement signed by the ex-Prime…Details
Because of the salary debts two miners from Lviv region have gone on a hunger strike. For three days they have been living in the conference hall of Lvivugol, sleeping on chairs and only drinking water. Their colleagues promise to join them and even block roads if they are not paid their due. According to…Details
Energomashspetsstal has signed an agreement for the delivery of back-up rolls to Mariupol Ilyich Iron and Steel Works. According to the contract, EMSS will produce 480 tons of rolls. There will be 4 rolls weighing 120 tons each. The shipping is scheduled for Q2-3 2019. The EMSS-produced rolls will be installed at the hot-rolling plate…Details
Magadan region can offer gold-extractors to additionally develop its non-ferrous metals deposits. Copper extraction is a promising business in the region. Its reserves are estimated at 44 million tons. The region also has some reserves of lead, tungsten and other non-ferrous metals. Copper could be exported, as it was not hit by the sanctions. (Ukrainian…Details
Rusal has received a permission from ING Bank to change the payment currency from dollars to euros on the loan attracted on April 6, when it fell under the US sanctions. ING is an agent on the loan under the pre-export financing agreement for $2 billion dated May 24, 2017. The term of Rusal annual…Details
In October NLMK-Ural received 186.3 thousand tons of scrap via railroad.
According to railroad statistics, this is up by 4.5% YoY.
In January-October scrap deliveries to NLMK-Ural grew by 3.3% YoY, to 1.47 million tons. (Ukrainian metal)
In October direct scrap deliveries to MMK totaled 283.5 thousand tons, down by 12.9% YoY.
According to the railroad statistics, in 10 months deliveries reached 1.65 million tons, up by 0.3% YoY.
Since 2012 the company has been a leader in scrap purchases via railroad. (Ukrainian metal)
The Service Company Severo-Zapadniy Pipe Works LLC (Saint Petersburg), earlier declared bankrupt, ceases existing. According to local mass media, the demolition of the premises has started. Earlier the land plot of 6.7 ha has been sold to Setl Group for housing construction. SZTZ used to produce water and gas pipeline pipes as well as hollow…Details
VSMPO-Avisma is preparing to commission two Bost vertical turning and boring machines. They are assembled in the shop No. 2 and will be used to process bulk parts – billets with the length of 5 meters and rings with the diameter of 4 meters. So far the shop had to sent bulk components to the…Details
The Magnitogorsk Iron and Steel Works’ (MMK) strategy for the coming years is further investment in the modernization of equipment in order to improve efficiency and reduce the environmental burden, according to MMK’s Head of Procurement and Marketing Evgeny Sarana. Speaking in Moscow at the 21st “Russian Metal Market” International Conference on November 12, he…Details
NLMK Group, an international steel company, announces the appointment of Shamil Kurmashov as NLMK Group CFO, effective from November 15. Kurmashov will be in charge of coordinating the work of financial departments across all NLMK Group companies, supporting the execution of the new strategic cycle of the group leading up to 2022, and driving the…Details
A significant increase has been recorded in gold mining due to the optimization of operational processes on the part of AzerGold CJSC, the company said in a statement. In particular, in the first ten months of 2018 the gold production amounted to 36,632 ounces, thereby exceeding the last year’s figures. In general, the AzerGold CJSC…Details
The head of Buryatia Alexei Tsaydenov has reviewed the construction of a plant at the Egitinskoye fluorspar deposits. In December 2017 Druza LLC and the republic government concluded an agreement on the development of the deposits. Investments total 18 billion rubles. The first stage of the plant has been completed. 619 jobs will be created.…Details
A number of foreign investors have shown their interest in constructing copper-smelting facilities. According to the acting Prime Minister Nicol Pashinyan, such a project is very important for the country, as it will allow processing ore on the spot, without exporting it. At the same time, the finished products could find their customers not only…Details
In January-September Vysochaishiy (GV Gold) received 10.03 billion rubles of revenue, up by 36% YoY. Sales revenue grew by 20.8%, to 4.075 billion rubles. Net profit was 2.3787 billion rubles, up by 2.4%. The increase in financial statements is due to the growth of gold output. In 9 months the company has produced 220.3 thousand…Details
In January-October Chukotka Autonomous District yielded 20998 kg of gold, down by 4% YoY.
Ore gold accounted for 18424 kg, down by 6%.
Alluvial gold output totaled 2573 kg, up by 11%.
Silver extraction dropped by 12%, to 96.6 tons. (Ukrainian metal)
Gazprom has signed a contract for the delivery of 500 thousand tons of large diameter pipe for the Kovykta – Chayanda site of the Sila Sibiri gas pipeline with Zagorsky Pipe Works. Other major pipe suppliers, including TMK and ChTPZ, refused to participate in the tender. They did not like the price, according to the…Details
The Russian Progress Gor Tech company can receive in trust the shares of Uzbekugol JSC. The draft presidential decree on measures to improve the effectiveness of the Uzbekugol joint-stock company has been published on the portal for discussion of draft legal and regulatory documents. The Uzbekistan Railways JSC will transfer 45% of shares in the…Details
The Radical party demands from the government and the Ministry of Economy and Trade to initiate a special investigation of the steel imports. The party members also want to introduce protective measures against the import from China, Russia, Turkey and other countries. Ferrous metals imports have already grown by 25%, threatening thousands of jobs in…Details
According to the Statistics Committee of the Ministry of the National Economy, in January-October raw steel output totaled 3.758 million tons. In October steel output grew by 2.8% YoY, to 0.389 million tons. Rolled metal manufacture in 10 months increased by 2.8%, to 2.377 million tons, but dropped in October by 13.1%, to 0.172 million…Details
The shares of Russia’s Polymetal International will be included in the MSCI Russia index on November 30 for the first time since their listing on the Moscow Exchange in June 2013, the company said in a statement. CEO Vitaly Nesis said, “I am proud that Polymetal has successfully met the criteria of MSCI Russia Index…Details
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2018. In the first nine months KGC produced 306,467 ounces or 9,532.2 kg of gold and contributed more than 5.66 billion soms in taxes and mandatory payments. Kumtor produced 122,445 ounces, or 3.81 tons of…Details
Lviv region miners are striking against the delay in paying salary. Late on November 12 two miners of the state enterprise Lvivugol from the Mezhdurechenskaya and Stepnaya mines announced a hunger strike. They are striking at the Lvivugol premises in Sokal. The miners only drink water and refuse eating because of the non-payment of salary…Details