Kopy Goldfields AB has started operating at two prospecting project in Irkutsk and Amur regions. In June the company started prospecting at an alluvial deposit in Amur region. The work is expected to be complete in 2020-2021. So far prospecting for gold at the site has not been carried out. Under the second project Kopy…Details
Uralelectromed has taken a number of measures to prepare shops for the winter period. In particular, technical maintenance of the power shop machinery has been carried out: eight pumps, six boilers, two de-aerators, four filters and boiler machines. The company has also carried out a major work to thermomodernize premises, cabins of excavators, locomotives and…Details
In January-June ChTPZ enterprises saved 70 million rubles under the program to improve energy efficiency. The largest project to decrease energy resources consumption was the creation of the new substation. Investments totaled 220 million rubles. The economical effect will reach some 50 million rubles per year. 5 main shops have been switched to modern LED…Details
The prices of precious metals varied in Azerbaijan on September 7, according to the data published by the Central Bank. The price of gold increased by 7.14 manats, to 2,042.7795 manats per ounce on September 7 compared to the price on September 6. The price of silver decreased by 0.0513 manats, to 24.0419 manats per…Details
In January-August Ukraine imported 14.164 million tons of coal, up by 26.3% YoY, valued at $1.976 billion, up by 17.3%. According to the State Fiscal Service, Russia supplied $1.238 billion worth of coal (62.67%), USA – $600.05 million (30.36%), Canada – $86.93 million (4.4%) and other countries – $50.84 million (2.57%). In 8 months Ukraine…Details
In January-July the Republic of Sakha (Yakutia) extracted 12483.9 kg of gold and 57460 kg of silver.
Gold output increased by 12.5% YoY.
This year Yakutia intends to extract 24.5 tons of gold. (Ukrainian metal)
The products of Severstal-Metiz have been used to reinforce the Nicolsky Bridge in the town of Kineshma. Severstal-Metiz has supplied over 10 tons of Hendix prime 60/32 fiber, as well as rebar strands with the diameter of 15.7 and 18 mm, and gabions. “The order for such a complex project, as the capital repair of…Details
Raspadskaya has commissioned a new 4-10-31 long face with the reserves of 3.5 million tons of coal. The length of the long face is over 3.5 km. Average monthly output is expected at 180 thousand tons at first, and 250-300 thousand tons in a few months. The long face will be developed for 18 months.…Details
Metalloinvest and the United Metal Company have held another meeting of the coordination council at Ural Steel. The participants discussed the manufacture and delivery of Ural Steel continuous cast billet for the production of railroad wheels at Vyksa Iron and Steel Works. At the meeting the quality of the billet and wheels was discussed. Though…Details
By 2025 coal enterprises have to reach the annual output of 560 million tons, up from the forecast volume of 460 million tons. According to the minister of energy Alexander Novak, this goal could be reached with some 1 trillion rubles of private investments. The Ministry of Energy believes that due to this Russia will…Details
Volgograd Aluminum Works is completing the construction of a unit to produce baked anodes. The commissioning of the plant is scheduled for mid-autumn. The capacity of the anode factory will be 104 thousand tons per year. “The company used to purchase up to 70% of the backed anodes in China, but now they will be…Details
The Russian government is ready to support aluminum producer RUSAL, which is under U.S. sanctions, by purchasing aluminum or providing loans, Deputy Finance Minister Vladimir Kolychev said. New sanctions against Russia were introduced by the U.S. in April. RUSAL was among the blacklisted companies, which means arrest of assets in the U.S. and prohibition to…Details
Chief Executive Officer of ArcelorMittal plants in Ukraine and Kazakhstan Paramjit Kahlon met for the first time the representatives of global trade union federation (IndustriALL Global Union) in Kyiv. The meeting was held with participation of main trade unions of Kazakh and Ukrainian plants of the group. IndustriALL Global Union / FES unites the trade…Details
The prices of precious metals increased in Azerbaijan on September 6, according to the data published by the Central Bank. The price of gold grew by 6.613 manats, to 2,035.6395 manats per ounce on September 6, compared to the price on September 5. The price of silver went up by 0.0408 manats, to 24.0932 manats…Details
In August Ukrainian coal production reached 2.904 million tons, the Trade Union of Coal Mining Industry of Ukraine informed on September 5 with reference to the Energy and Coal Industry Ministry. “In August coalmining enterprises of Ukraine of all forms of ownership extracted 2,904,151 tons of coal. The plan was fulfilled by 103%,” reads the…Details
Out of 27 operating mines in Armenia at 10 violations have been spotted.
The main violations concerned tax obligations.
To remove violations the mines are given 90 days.
If violations are not removed, the mines licenses will be cancelled. (Ukrainian metal)
The state enterprise Volynugol and its structural divisions owe considerable amounts to the Pension Fund. As of August 1 the combined debt of Volynugol and its divisions reached 116.7 million UAH, including the debt on preferential pensions of 113.24 million UAH. The Novovolynsky city council has sent a letter to the minister of energy and…Details
The de-shadowing of the scrap market will provide for additional revenue of the state budget in the volume of 850-900 million UAH per year. “There are some 15 thousand scrap procuring centers in Ukraine. And all this business is in the shade. Even considering the decrease of procurement volumes, that’s some 17-18 billion UAH”, Ukrmetallurgprom…Details
Blagoveschensk Rebars Works has made the first delivery of products mastered in record-low time thanks to the use of the innovative method of parallel projection. The manufacture of new sizes of block valves DN 500 mm PN 6.3 MPa, DN 400 mm PN 6.3 MPa and DN 350 mm PN 10.0 MPa was mastered in…Details
On September 19 the city of Gelendzhik will host the 7th Russian conference “Wire-fasteners-2018”. The event will gather all the major metal wares market players from Russia and CIS. Estimates and forecasts on the development of the main market segments will be presented by managers of Severstal-Metiz, MMK-Metiz, Beloretsk Iron and Steel Works, etc. On…Details
Baikal Mining Company belonging to billionaire Alisher Usmanov has started building a plant on the Udokan copper deposit and plans to launch the first $2.1-billion stage in 2022, the company said in a statement on September 5. The annual capacity is planned at 12 million tons of ore and can rise later to 48 million…Details
Under the contract with ArcelorMittal, Energomashspetsstal has supplied 250 tons of finished metal products to Kazakhstan. The batch consisted of 10 units of bulk and heavyweight products. In particular, for ArcelorMittal Temirtau EMSS has produced 6 slag ladles with the volume of 16 cubic meters and 4 supporting rolls for the hot- and cold-rolling mills.…Details
In July world pig iron output grew by 6% YoY, to 107.767 million tons, according to World Steel Association. As usual, China is leading with 67.515 million tons. Ukraine produced 1.767 million tons of pig iron, securing the 9th place, followed by Taiwan with 1.3 million tons. In August Ukraine produced 1.733 million tons of…Details
In August, according to railroad statistics, deliveries (including imports) of steel products (rolled metal and pipes) to the bases of the major Russian trade enterprises and networks totaled 0.86 million tons.
This is up by 13.9% YoY.
In 8 months deliveries fell by 0.9% YoY, to 7.2 million tons. (Ukrainian metal)
In August 1.43 million tons of metal were delivered via railroad to the major Russian metal and pipe works.
According to the railroad statistics, this is the increase of 17.6% YoY.
In January-August metal deliveries reached 8.8 million tons, up by 3.4% YoY. (Ukrainian metal)
In August Russian metal companies shipped 5.15 million tons of metal via railroad, up by 3.5% YoY. Sales to domestic market dropped by 5.9%, to 3.02 million tons, while exports grew by 20.6%, to 2.13 million tons. In January-August metal sales via railroad reached 42.8 million tons, up by 5.3% YoY, with local deliveries up…Details