Chaarat Gold Holdings Ltd intends to put the Charaat project into operation in two stages, with the first gold to be obtained in 2020. The first stage presupposes the development of the Tulkubash quarry with the output of 100 thousand ounces of gold per year. Gold reserves at the deposits are estimated at 1.05 million…
DetailsThe integrated chemical and metallurgical complex to produce titanium dioxide, rare and rare earth metals will be created on the basis of the Afrikandskoye deposits in Murmansk region. Investments might total 14 billion rubles. Some 2.5 thousand jobs might be created. When the project reaches full capacity, it could produce 75 thousand tons of titanium…
DetailsIn January-March Chukotka yielded 5.323 tons of gold, down by 5% YoY. Silver output totaled 27.5 tons. Chukotka Mining and Geological Company, a part of Kinross Gold, was the leader in gold mining, having obtained 2.408 tons, up by 86.9 kg YoY. Silver output reached 24.586 tons. Rudnik Karalveyem (Auramine Resources) mined 403.8 kg of…
DetailsChelyabinsk Zinc Works has completed the tests of obtaining indium of high purity (99.9999%). This has become possible thanks to the company-developed manufacturing technique, as well as implementation and commissioning of the vacuum inductive smelting machine. Indium consumption in the world has been quickly growing lately. Some 70% of the total indium output is used…
DetailsSeverstal – Balakovo Bar Works has set another record of the average ladle steel smelting resistance.
The record of 171 smeltings (with average being 128) was set in Q1.
The new record has exceeded the previous of 121 smeltings, which was one of the best results for mini-mills. (Ukrainian metal)
Interpipe has won two tenders for the delivery of railroad wheels valued at 295.25 million UAH (with VAT) to the state enterprise Ukrzaliznytsia. According to the auction documents, there were two lots of 7.314 thousand and 9.394 thousand wheels. The wheels have to be delivered by the end of the year. Last year Interpipe increased…
DetailsIn March Oskol Electrometallurgical Works decreased railroad sales by 6.5% YoY, to 247.8 thousand tons. In three months sales dropped by 3.2% YoY, to 782.1 thousand tons, with sales to domestic customers down by 42.4%, to 133.6 thousand tons, while exports up by 12.6%, to 648.5 thousand tons. Earlier the works has completed the modernization…
DetailsThe state enterprise Selidovugol has ordered the delivery of pumps, lubricants and mining tools valued at 34.64 million UAH. In particular, the Sumy Works “Energomash” will supply 77 pumps of 27 types with the combined cost of 14.5 million UAH. 25125 mining tools of 10 varieties valued at 15.34 million UAH will be delivered by…
DetailsThe trade union of ArcelorMittal Kriviy Rih will not agree to the administration offer of increasing salary to some employees by 5-20% from May 1. “We have become aware that the administration has prepared a presentation about the scheduled rise of salary by 5% to 20% from May 1. But this goes against our demands…
DetailsIn March Evraz NTMK shipped 247.8 thousand tons of rolled metal via railroad, down by 11.5% MoM and by 28% YoY. In February railroad deliveries decreased by 8.4% and 6.1%, and in January by 9.5% and by 17.9% respectively. In three months the company supplied 833.8 thousand tons of metal, down by 17.9% YoY. This…
DetailsKarelsky Okatysh has finished the scheduled repair of the pelletizing machine No. 2.
In particular, the size of the machine was increased.
The main repair was carried out in a week.
Repairs scheduled for 2018 will increase the machine capacity from 494 to 527 tons of pellets per hour. (Ukrainian metal)
In January-March Izhstal sold almost 113 thousand tons of metal, up by 25% YoY. Cast billets saw the highest increase – by 60%, while ingots sales grew by 45%, steel sections by 41% and bars by 20%. In March sales increased by 37% YoY, with steel section sales up by 39% and bars – by…
DetailsIn January-March Russian Coal mined 4 million tons of coal. Some 1 million tons of power-generating coal were mined at the Stepnoy pit in the Republic of Khakasia. Last quarter the company also mined the 60-millionth ton of coal. The Stepnoy pit was put into operation in 1993. In 2017 it yielded over 4.2 million…
DetailsIn January-March UralKuz increased sales by 43% YoY.
According to the company statement, customers were shipped some 35 thousand tons of metal, up by 10.4 thousand tons YoY.
Railroad axles showed the largest increase in sales – by 63%.
Metal for the UralKuz manufacture is supplied by Chelyabinsk Iron and Steel Works. (Ukrainian metal)
In 2017 Evraz Yuzhkoks received 5.4 million UAH of losses as opposed to 34.156 million UAH of profit in 2016. According to the company statement, its assets as of late 2017 totaled 1.042 billion UAH, current liabilities – 225.025 million UAH, and consolidated accounts receivable – 272.573 million UAH. On December 19, 2017 Evraz sold…
DetailsRussian tycoon Oleg Deripaska, President and core beneficiary of troubled aluminum giant UC RUSAL, has declined to be nominated to the board of directors of another metals giant Norilsk Nickel, a spokesperson for the company reported on April 12. “Oleg Deripaska has declined to be nominated to the board of directors of Norilsk Nickel, we…
DetailsThe Russian government does not plan to acquire a stake in the sanction-hit aluminum giant UC RUSAL, but will support facilities of the company so that they don’t stop working, Finance Minister Anton Siluanov declared on April 11. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including tycoon Oleg…
DetailsSwiss commodity trader Glencore, one of the biggest buyers of aluminum produced by troubled Russian aluminum giant UC RUSAL, has declared force majeure on 50,000 tons of aluminum contracts, Bloomberg reported citing people familiar with the matter. “The declaration applies to about 50,000 metric tons of contracts between Glencore and aluminum consumers that specify the…
DetailsThe protesters have burned down the laboratory, warehouses and office building on the territory of the Chinese company GL Makmal Developing, the management of the enterprise reported. According to them, the residents of Toguz-Toro district stay on the territory of the company, while the employees were evacuated. “We are not aware of the demands of…
DetailsDespite several years of military activity, the city of Melitopol, situated not far from the war zone, is developing machine-building. Soon the TurboCom group of companies will open a new manufacturing complex EcoPromLit. The company will produce cast iron according to gasifiable pattern molding. With the help of this method some 30% of castings are…
DetailsThe Russia-supported terrorist-seized Alchevsk Iron and Steel Works is trying to start producing steel. “This is very important, as, in addition to pig iron, we will be producing steel”, said Sergey Kozlov, the chairman of the so-called Cabinet of Ministers of Lugansk People’s Republic, the terrorist organization created and supported by Russia. All the tests…
DetailsIn early 2018 Chinese TBEA received the license to start developing the Verkhniy Kumarg deposits. In 2013 the company obtained a license to work at the Duoba deposits. Both deposits are situated in Sogdiy region. According to sources, the company has the right to develop the deposits until it reimburses all the funds spent to…
DetailsIn 2018 Belarus Iron and Steel Works intends to supply $240 million worth of metal to Ukrainian market. “That’s around 300 thousand tons. Our plans are ambitious, but we have a certain strategy of work on that market, and we expect a 10-20% growth per year in mid-term”, the company marketing specialist Tatiana Vaskevich declared.…
DetailsIn 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…
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