The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…Details
In 2018 Metalloinvest produced 5.1 million tons of steel, up by 6.2% YoY. Pig iron manufacture grew by 12.6%, to 3 million tons. HVA products sales share was 43%. In 2018 Metalloinvest produced 40.4 million tons of iron ore, up by 0.2% YoY, and in Q4 – 10.3 million tons, up by 3.5% QoQ. The…Details
In 2018 combined coal output at all Raspadskaya Coal Company LLC enterprises increased by 11%, to 12.7 million tons. In particular, the Raspadsky pit increased mining by 26%, and Raspadskaya-Koksovaya – by 297%. Raspadskaya mine extracted 6 million tons of coal. Coal concentrate sales increased by 7%, to 7.4 million tons. Coal sales grew by…Details
The Cabinet of Ministers could provide 450 million UAH to pay for electric energy consumed by state coal mining enterprises in 2019. According to the Cabinet order, these expenses will be covered from the state budget reserve fund. Because of large debts of state mines for electricity there are no companies wanting to supply it…Details
In 2018 Evraz decreased steel output by 7.3% YoY, to 13 million tons. The main reason of the decrease was the sale of Evraz DMZ in March 2018, as well as a drop of output at Evraz ZSMK due to the capital repair of the blast furnace No. 3 in August-December 2018 and an accident…Details
In 2018 Ukraine decreased rolled metal exports by 1.17% YoY, to 14.415 million tons. 78.5% of all rolled metal manufactured last year were exported. In 2017 the share was 79.6% (14.59 million tons out of 18.33 million tons). Semi-finished products accounted for 43.64% or 6.291 million tons (43.14% last year). The share of flat metal…Details
In 2018 rolled metal consumption in Ukraine grew by 6.36% YoY, to 5.388 million tons.
Deliveries of domestic companies to the local market went up by 5.37%, to 3.946 million tons.
Imports grew by 10.78%, to 1.442 million tons.
Flat metal dominated over the bars in the import structure (51.05% vs 45.9%). (Ukrainian metal)
S&P Global Ratings has confirmed the long-term ratings of Metinvest in the national currency at B- with positive outlook (the previous being stable).
Earlier International Financing Review named Metinvest refinancing its debt the deal of the year among developing states.
In January-September 2018 Metinvest consolidated revenue increased by 46% YoY, to $9.063 billion. (Ukrainian metal)
The state enterprise Selidovugol has concluded two agreements on the processing of coal valued at 65.98 million UAH. The Central Processing factory “Russia” will process 255 thousand tons of coal from the Kotlyarevskaya mine for 36.98 million UAH, while the Central Processing Factory “Ukraine” will process 200 thousand tons of coal from the Ukraine mine…Details
In 2018 Interpipe resumed exports of welded pipes to the American market after a long break. The orders portfolio for 2018-2019 totals some 10 thousand tons. The specialists of the daughter company North American Interpipe were able to resume cooperation with major distributors of welded pipes. Previously they purchased only seamless pipes. Contracts have been…Details
In 2018 the Republic of Buryatia mined 5246.4 kg of gold, down by 7.5% YoY. The output volumes are gradually decreasing. In 2017 gold output was 5680 kg, in 2016 – 5891 kg and in 2015 – 6447 kg. Ore gold mining dropped by 19.3%, to 3245.1 kg. At the same time alluvial gold output…Details
Russia: MMK announces tender to choose project designer for unique multifunctional park in Magnitogorsk
PJSC Magnitogorsk Iron and Steel Works (MMK) has launched a public tender on its online-trading platform to choose a project designer to create a sketch, design and working plan for a museum and educational complex, park area and sports cluster in the city of Magnitogorsk. The announced tender is held in the framework of Attraction,…Details
The gold output of the Russian precious metals producer Polymetal International increased by 13%, to 1.216 million ounces in 2018, the company said in a statement on January 31. Silver production decreased by 6%, to 25.3 million ounces. The company’s total output in gold equivalent grew by 9% YoY, to 1.562 million ounces in the…Details
This year TBEA (China) intends to start developing the gold mine Verkhiy Kumarg. The right to develop the deposit was granted to the company so that it returned investments in the construction of a heat and power plant in Dushanbe. The total cost of construction was $349 million, of which $17.4 million was the investment…Details
In 2018 Kuzbassrazrezugol mined 48.4 million tons of coal, up by 1.2 million tons YoY, including almost 6.4 million tons of coking coal. 42.8 million tons were sold, with 30 million tons exported. Factories processed 41.8 million tons of coal. This year Kuzbassrazrezugol intends to increase coal mining by 2 million tons and exceed the…Details
In 2018 Vysochaishiy mined the record volume of gold – 304.3 thousand ounces, up by 36% YoY. New objects, commissioned last year, improved the output results, in particular, Taryn in the Republic of Sakha and Ugakhan in Irkutsk region. They yielded 55 thousand ounces and 56.9 thousand ounces respectively. Another gold-mining record was set at…Details
Last year copper ore mining reached 103.2 million tons, up by 8.2% YoY.
Copper concentrate output grew by 15.7%, to 12.9 million tons, and copper in copper concentrate – by 15.5%, to 580.6 thousand tons.
At the same time copper-zinc ores mining dropped by 4.2%, to 4.8 million tons. (Ukrainian metal)
In January-November 2018 Russia produced 290.3 tons of gold, up by 2% YoY.
Mined gold output grew by 4%, to 243.89 tons.
The manufacture of secondary and associated gold fell by 10%, to 14.43 tons and by 4%, to 31.98 tons respectively.
Silver output grew by 8%, to 1 thousand tons. (Ukrainian metal)
In Q4 2018 Nornickel nickel output was 62 thousand tons, up by 16% QoQ. In 2018 nickel manufacture grew by 1%, to 219 thousand tons. Of the company own raw materials the output was 217 thousand tons, up by 3%. Copper manufacture in Q4 2018 grew by 3%, to 124 thousand tons. In 2018 the…Details
In order to improve competitiveness Azovstal is mastering the manufacture of new products. Among them are 300 mm thick slabs adapted to the requirements of customers from Europe and Asia. To produce them, one continuous casting machine in the converter shop has been modernized. So far the company has already shipped 10 thousand tons of…Details
The subsidiary of Uralelectromed (Manufacture of polymetals) has received a new TGM6H-UGMK locomotive. This is the first locomotive in the new series. It has an 811-hp diesel engine. Unlike the previous versions of the locomotive (TGM-4B and TGM-6D) computer is monitoring its operation. From February the locomotive will be running at the Kalata station. (Ukrainian…Details
In January Zagorsky Pipe Works has commissioned modern crane machinery. The company has spent 21 million rubles on modernizing its cranes. In particular, crane trolleys have been modernized. New extension arms have also been assembled. Due to modernization the new machinery can now get hold of a pipe in 40 to 70 seconds compared to…Details
Centerra Gold Inc., at the request of the Government of the Kyrgyz Republic, agreed to extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017, Centerra Gold Inc. reported. It is noted that the company and…Details
Lydian Armenia CJSC (“Lydian Armenia”) has received formal notification from the Investigative Committee of the Republic of Armenia that pursuant to the criminal investigation into alleged withholding of information by employees of the Ministry of Environmental Protection, an international consultancy group, Earth Link, and Advanced Resources Development (“ELARD”) has been selected to review all subject…Details