The Cabinet of Ministers has provided 324 million UAH to the coal industry, with the state enterprise Mirnogradugol getting 45 million UAH and Selidovugol – 68 million. Selidovugol received the most in order to support the recently appointed CEO Alexei Klimchenko and ease the labor tension. 15 million UAH will be spent to pay the…Details
The miners insist on approving the draft law on amendments to the decree “On the state budget of Ukraine in 2018” to provide 2.8 billion UAH to the coal industry. “This will allow us buying machinery and equipment and keep jobs”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, said. The miners…Details
In January-June Elgaugol LLC mined over 2.5 million tons of coal in the South Yakutia, up by 31% YoY. Coal processing increased by 19%%, to 1.26 million tons. Sales grew by 38%, to 1.9 million tons. “We are maintaining the good working pace that we have gained earlier in the year. Our task is to…Details
In January-June the average delivery time of ferrous scrap to metal companies by Russian Railroads totaled 5.1 days, up by 17.2% YoY. At the same time for the batches not exceeding 260 tons (77% of all shipments) the delivery time was 5.37 days, up by 17.7% YoY. The batches of more than 1 thousand tons…Details
In January-June Zlatoust Electrometallurgical Works mastered the manufacture of several new alloys and rolled metal types. In particular, in February ZEMZ started manufacturing a new heat-resistant alloy on the iron-nickel basis. In the same month the company mastered the manufacture of slabs with the size of 140×450 mm of an exceptionally hard alloy on the…Details
Miners of the state enterprise Mirnogradugol have stopped working because of the salary debts. In particular, the mine Kapitalnaya, which employs 3500 miners, stopped operating. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the wage debts at Mirnogradugol reach 90 million UAH. Later miners from the Central mine and the…Details
Corum will produce a special scraper for the Osinnikovskaya mine. The machinery is expected to be supplied by the end of the year. “This is the first scraper for Kuzbass, and we are sure it will pave way for the new stage of operations on this strategic market”, Corum Group manufacturing director Alexander Dyatlov said.…Details
In May, according to customs statistics, Russia exported 619.4 thousand tons of ferrous scrap, up by 57.2% YoY.
In January-May scrap exports reached 2.3 million tons, up by 43.2% YoY. (Ukrainian metal)
Rosgeologia will prospect for ore gold within the Deryas-Yuryaginskaya field.
The field is situated in Magadan region. The total size of the prospecting work is 69 square km.
The project is to be finished by 2021. (Ukrainian metal)
Gaysky Mining and Processing Works has put into operation the floatation machine No. 17 in the floatation department of the processing factory.
The work to assemble the machine began earlier this year.
The modernization of the floatation department started in 2011. (Ukrainian metal)
Severstal Steel Ropes Volgogradskiy subsidiary has finished another stage of modernization, having commissioned the steel rope and stranding machine, as well as machinery to test ropes.
The first stage saw the assembly of the three drawing machines, extrusion line and the machine to produce large diameter steel ropes. (Ukrainian metal)
In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 550 million UAH of taxes to budgets of all levels. In particular, PGOK paid 464 million UAH to the budget, EGOK – over 84.2 million UAH and BGOK – 2.3 million UAH. PGOK paid 52 million UAH to the city budget, 58…Details
The trading-industrial group Bi Shi (China) intends to create the manufacture of steel plate for shipbuilding industry with the capacity of 1 million tons per year in the Primorye region. The investors also plan to construct a by-product coke plant and a power plant. Investments will total $1-1.5 billion. The construction will last for 5…Details
The prices of the main precious metals in Azerbaijan decreased on July 11, according to the data published by the Central Bank. The cost of gold decreased by 13.4385 manats, to 2126.8955 manats per ounce, compared to the price on July 10. The cost of silver decreased by 0.3098 manats, to 20.7825 manats manats per…Details
The Belarusian heavy vehicles manufacturer BelAZ, VIST Group, and Region 24 have signed a trilateral agreement on creating a robot system for mining operations. The document was signed during the international trade fair Innoprom 2018 in Yekaterinburg, Sverdlovsk region, Russia, BelAZ representatives reported. BelAZ specialists are hard at work creating new mining vehicles to meet…Details
It is planned to receive revenues in the amount of about 300 million manats as a result of the sale of an additional 129,000 ounces of gold and 202,000 ounces of silver, which will be produced during the development of the ground surface ore layer at the Chovdar field, which will be completed in 2021,…Details
The prices of the main precious metals varied on July 10, according to the data published by the Central Bank. The cost of gold increased by 0.1275 manats, to 2140.334 manats per ounce compared to the price on July 9. The cost of silver increased by 0.0059 manats, to 27.4121 manats per ounce. The cost…Details
In January-June Zaporozhye Iron Ore Complex increased iron ore output by 7.2% YoY, to 1.769 thousand tons with the target of 1.833 million tons. The company sold 1.872 million tons of iron ore, or 97.1% of the target. In May 352.1 thousand tons were mined, up by 3% from the target. This year the works…Details
In January-June Ukraine exported 18.224 million tons of iron ore raw materials, down by 5.6% YoY. According to the customs statistics, exports revenue grew by 1%, to $1.376 billion. Ukraine mainly exported to China (20.17%), Poland (14.77%) and Slovakia (13.46%). Imports totaled 9.05 thousand tons valued at $604 thousand, down by 95.5% and by 97.2%…Details
AzerGold expects to receive an income of some 3 billion mantas from the development of the Fizilchay polymetal ore deposits. “The project will create over 2 thousand jobs”, the company director Zakir Ibragimov said. Fizilchay development is expected to start in October 2019. According to AzerGold, Fizilchay is the second largest deposits in Europe and…Details
In January-June Chukotka region obtained 11282 kg of gold, down by 4.4% YoY. Silver output dropped by 10%, to 58.1 tons. Out of the total gold output 11039 kg accounted for ore gold, down by 3%. Alluvial season started in the second half of June. Because of the bad weather, by July 1 only 243…Details
In January-June ZEMZ stocked 17.345 thousand tons of metal, up from 14.4 thousand tons in H1 2017.
The trend to increase output was seen in January, and from April they increased by a third.
In June ZEMZ stocked 3095 tons of metal. (Ukrainian metal)
Russian Copper Company plans to create the shop to produce electrolytic copper foil at the site of Kyshtym Electrolytic Copper Plant (KMEZ). The capacity of the new manufacture will reach 1 thousand tons of copper foil per year with the possibility of increasing it if the market demands. Investments in the project are estimated at…Details
Russian Copper Company intends to organize autoclave manufacture of copper cathodes at the site of Mikheyevskiy Mining and Processing Works. “In 2014 we commissioned Mikheyevskiy GOK with the capacity of 18 million tons of ore per year. In 2017 the capacity increased to 27 million tons of ore. With such an increase it was decided…Details