Prices on gold, platinum and palladium in Azerbaijan decreased on may 2, while that of silver increased, says the message published by the Central Bank. Thus, compared to May 1, the price of gold fell by 3,349 manats, to 2227.2805 manats per Troy ounce, while silver rose in price by 0.0494 manats, to 27,7224 manats.…Details
The Chief state expertise agency of Russia has approved the first stage of the Zashulanskoye deposits pit development in Zabaykalye region. Razrezugol LLC is carrying out the project. The company plans to carry out mining operations, as well as construct a coal warehouse and inner road network. The enterprise is expected to reach its project…Details
Dalnevostochnoye PGO, a part of the state geological holding Rosgeologia, will continue prospecting for gold at two promising sites in Amur region in summer and carry out regional research on 4 more sites. The two promising sites are situated on the territory of Selemjinsky and Tyndinsky municipal districts. The geological operations within the Solovievsky gold…Details
In January-March Siberian Coal Energy Company mined 28.6 million tons of coal, up by 1% YoY. Sales in Q1 grew by 10%, to 31.7 million tons, including non-coal goods. Exports reached 14.2 million tons, up by 10%. The main customers were China, South Korea, Japan, Taiwan, the Netherlands, Poland, Spain, Turkey and Germany. Growth of…Details
The Tajik government has reportedly agreed to give Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA) the rights for further mining of deposits if the profit made from two gold deposits doesn’t cover the cost of building the Dushanbe-2 combined heat and power (CHP) plant. TBEA top manager Zhang Xin said that according to data…Details
VaninoTransUg, a part of Kolmar, has started constructing a berth under the project to create a coal terminal in the bay of Muchka in the port of Vanino. The project has been carried out since April 2017. All infrastructure has been created. The machinery is being manufactured and has been paid for. It is expected…Details
The metal shop of Svyatogor, a part of UGMK, has put into operation 2 smoke exhausters manufactured by Krasnogvardeysky Machine-Building Works. The maximum capacity of each machine is 450 thousand cubic meters per hour. The weight of the exhausters is 16 tons each. Investments in the purchase and assembly of the machinery exceeded 60 million…Details
In 2017 Komsomolskoye Mine Group, situated in Ukraine-uncontrolled territory, received 370.17 million UAH of net loss as opposed to 20.93 million of net profit in 2016.
The company net income fell 11.9-fold, to 30.356 million UAH.
Undistributed profit totaled 243.284 million UAH.
Last year the company produced 37.584 thousand tons of limestone. (Ukrainian metal)
While commissioning the newly repaired largest blast furnace No. 9 at ArcelorMittal Kriviy Rih, molten pig iron was spilled. The blast furnace has been in repairs since February. But while commissioning “an uncontrolled slopping of liquid pig iron occurred accompanied by a loud sound”. “The situation is under control. The blast furnace No. 9 has…Details
Following the auction Drazhnik LLC has received the right to develop the alluvial gold site. The Koro-Samyr site was sold to the company for 62.634 million rubles. 2 more companies participated in the auction. Since 2001 the company has been prospecting at the site. Koro-Samyr C1 balance reserves amount to 353.4 kg of gold, while…Details
In January-March Nizhny Novgorod region sold 322 billion rubles worth of industrial products, up by 13.8% YoY. According to the regional ministry of industry, metal companies sold 41.8% more goods, while metal wares sales increased by 25.9%. “The metal industry growth mostly has to do with the operation of the Vyksa Iron and Steel Works.…Details
Chelyabinsk Pipe-Rolling Works has hosted an annual meeting of shareholders, who jointly own 98.3% of the voting shares. It was decided to distribute the net profit for 2017 in full, as well as a part of net profit of past years, to the total amount of 5.46 billion rubles to pay dividends. The size of…Details
Bratsk Ferroalloys Works has repaired the electric equipment of the smelting shop furnace No. 1. The furnace repaired smelts over 44 tons of FS-75 ferrosilicon for exports and up to 57 tons of FS-65 ferrosilicon for the domestic market per day. That’s some 25% of the total output. The repair was carried out in two…Details
In March Russia produced 5.7 million tons of steel, down by 10% YoY (5.15 million tons in February). In January-March steel output dropped by 6.7%, to 16.55 million tons. Ukraine increased steel output by 4.7% YoY, to 1.711 million tons (1.608 million tons), with 5.225 million tons produced in Q1, down by 2.8% YoY. In…Details
In 2017 Susumanzoloto received 1.8 billion rubles of net profit, down by 18% YoY. The company revenue grew by 31%, to 13.39 billion rubles. Gold sales revenue totaled 13.27 billion rubles, also up by 31%. Last year the company acquired three enterprises – Nedra LLC for 71.5 million rubles, Sever LLC for 705 million rubles…Details
Olkon, a part of Severstal, has finished the drying season, which has lasted for half a year. The drying complex has been operating in a stable mode. In the 2017-2018 season the technological and qualitative indexes of the iron ore concentrate corresponded to the standards, including by moisture content. The average capacity of the drying…Details
In March Russia produced 4.3 million tons of pig iron, down by 5.5% YoY (3.885 million tons in February). In January-March pig iron output dropped by 3.4% YoY, to 12.485 million tons. Ukraine increased pig iron production by 7.6% YoY, to 1.678 million tons (1.632 million tons), with 5.247 million tons produced in 3 months,…Details
In January-March Amur region yielded 4.24 tons of gold, down by 9.3% YoY.
Petropavlovsk mines provided for the main part of the output – 1.4 tons at Pokrovsk, 1.12 tons at Albynsk, and 0.87 tons at Malomyr.
Gold mining in Amur region in 2017 grew by 15.6% YoY, to 25.77 tons. (Ukrainian metal)
By 2021 Kolmar intends to have mined 22 million tons of coal at the Yuzhnaya Yakutia territory of rapid development. “18 million tons of coal will be extracted from mines. That’s 12 million tons at Inaglinskaya-2 mine (two stages of 6 million tons each) and 6 million tons at the Denisovsky GOK mine. 4 million…Details
The government has ordered to include 20 land plots into the Komsomolsk territory of the rapid development in Khabarovsk region to carry out investment projects on construction and modernization of tin-mining enterprises. The order has been submitted by the Ministry of the Far East development. As the result of the projects’ implementation, the volume of…Details
Karelsky Okatysh has assembled a new fine crusher. It will be in operation for some 12 years. The crusher was produced by Uralmashzavod and was equipped with the 500 kW engine. The capacity of the crusher is over 600 tons of ore per hour. The company operates 8 fine crushers. 5 have already been replaced,…Details
VSMPO-Avisma has decided to stop developing the Centralnoye deposits in Tambov region. The corporation acquired the right to develop the deposits in July 2011 for 1.473 billion rubles. In 2016 the start of the development was shifted to 2019. The corporation has prolonged its license till 2029. It was also interested in attracting partners to…Details
The operation of the Port Eastern Gates – Primorye Works in Nakhodka was suspended following the checks on April 28.
It was found out that the company was handling coal without the permission to pollute air.
The checks followed the complaints of Nakhodka citizens on coal dust originating from coal handling. (Ukrainian metal)
In January-March Metinvest decreased steel output by 4% YoY, to 1.825 million tons. At the same time pig iron manufacture grew by 9%, to 2.156 million tons. Iron ore concentrate production increased by 4%, to 6.924 million tons. Pellets manufacture grew by 48%, to 1.723 million tons. The group has decreased coking coal output by…Details
In January-March Ukraine imported 291.3 thousand tons of steel, up by 24.4% YoY. Domestic market increased consumption by 13.1%, to 1.056 million tons. Import’s share grew from 25.07% to 27.6%. The shares of flat and long rolled metal in imports were almost equal – 48.5% and 47.9%, as opposed to 37.5% and 61.5% in Q1…Details
At a meeting on April 27 the Board of Directors of NLMK Group, an international steel company with operations in Russia, the US and the EU, approved the new composition of the Group’s Management Board as follows. The new Management Board is: Grigory Fedorishin – President (Chairman of the Management Board), Mikhail Arkhipov – Vice…Details