Metinvest is evaluating the possibility of supplying hot-rolled metal to alternative markets because of the EU duty. “But even now we see that we will not be able to compensate for the whole volume of the European market. So a decrease in output is possible”, the company said. Metinvest also hopes that the EU will…Details
Russian Platinum has postponed the start of the Jerui deposits development for 2 years. According to the license, this year a gold-extracting factory should have started operation at the site. But Russian Platinum just starts preparation works. For the delay the company will be fined $100 thousand each month. Jerui was supposed to yield some…Details
Odina is completing its mining of gold at Shugnov deposits. The gold-bearing ore reserves on the site are running low, and the company hopes to obtain licenses to develop new deposits. In 2005 Odina, one of the few companies to operate solely on investments from Tajik business, received a license to develop Shugnov deposits with…Details
In April-October AzerGold received $62.25 million (105.8 million manats) from the sale of gold and silver mined in Azerbaijan. In April the company started exporting gold and silver ingots refined by Argor-Heraus. “In April-October AzerGold sold 48.8 thousand ounces of gold and 68.4 thousand ounces of silver”, the company reported. In 2017 AzerGold intends to…Details
TMK has for the first time supplied its compressor-pump pipes with the premium TMK UP PF joints to Surgutneftegaz.
The first batch of pipes has been successfully installed at the Dunaevskoye deposits.
TMK share on the Russian market of premium joints in 2016 was 76%. (Ukrainian metal)
Gaysky Mining and Processing Works has put into operation new floatation machinery in the main premises of its processing factory – two floatation machines with the volume of 8.5 cubic meters each. The cost of the machinery was some 7.7 million rubles. “This completes another stage of the processing factory modernization. The machines will improve…Details
Boris Kovalenkov, the head of the Rimera Group of Companies, has been appointed CEO of the ChTPZ group pipe division. The corresponding decision has been taken by the group board of directors. From October 16, Kovalenkov is responsible for the management of the pipe division, the improvement of its efficiency, as well as financial and…Details
Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the “Investment Project of the Year” prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July. The awards ceremony took place at MINEX Russia 2017. Independent experts praised HBI-3 Plant, the largest in Russia and one…Details
On November 1 the Arbitrary court of Rostov region will start reviewing the claim to declare the Obukhovskoye Mine Group insolvent. The mine group is a part of DTEK. The basis of the claim is the mine group debt of 6.7 million rubles. The Obukhovskoye Mine Group is mining for anthracite. As of August 23,…Details
The state enterprise Electrotyazhmash works has concluded 2 agreements with the Ukrainian International Group Ltd for the delivery of copper valued at 62.19 million UAH. By the end of 2018 the company will have supplied some 220 tons of splints and wire, as well as 1250 kg of wire at the average price of 1949…Details
Severniy Mining and Processing Woks has put into operation two Atlas Copco diesel and electric drilling mills at the Pervomaysky quarry.
The mills cost 63.4 million UAH.
The new machines will allow the company to gradually increase output and improve both product quality and working conditions. (Ukrainian metal)
The Ministry of economy and trade is pondering the imposition of a 30% protective duty on rolled metal imported from Russia. “Metal companies ask the ministry for a duty. I hope it does not cover alloyed metals for machine-building”, people’s deputy, chairman of the Kharkiv region employers association Anatoly Girshfeld said. In February Ukraine started…Details
On October 12 there was an accident at the by-product coke manufacture of ArcelorMittal Temirtau. A group of employees was working with the pipeline containing mixed gas. Following the explosion and ignition 6 people were injured: 4 employees of the gas shop, 1 employee of the coke shop and 1 employee of the gas service.…Details
In January-September Zabaikalye region mined 14.732 million tons of coal, down by 3.63% YoY. This year 12 companies mine for coal in the region. The main output is provided by Razrez Tugnuysky, Razrez Urtuysky, Razrez Kharanorsky, as well as Chitaugol LLC, etc. In September 2.007 million tons of coal were mined in the region. (Ukrainian…Details
In January-September Chukotka Autonomous District obtained 19.88 tons of gold, including 17.59 tons of ore gold and 2.28 tons of alluvial, down by 11.5% YoY. Silver output dropped by 21%, to 99.28 tons. The decrease in output has to do with the drop in Kinross Gold operations. In particular, the Chukotka Mining and Prospecting Company…Details
Chelyabinsk Iron and Steel Works has finished the capital repairs of the sintering machine used to produce raw materials for pig iron manufacture. The machine now has an electronic filter, gas-purifying and exhaust systems. Investments totaled 15 million rubles. There are 4 sintering machines in the ChMK sinter manufacture. Combined they produce over 5 million…Details
Cherepovets Iron and Steel Works, one of the world’s largest integrated steel plants (a part of Severstal’s Russian Steel division), has launched the commercial operation of a digital predictive model to prevent failures at the hot rolling mill 2000 and thereby reduce its downtime. This model calculates the probability and risk of the pinion stand…Details
The Evraz Sukhaya Balka shareholders meeting scheduled for October 11 did not take place.
According to the company statement, the meeting was postponed till November.
This meeting had to rename the company and make amendments to its charter documents. (Ukrainian metal)
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 19 million tons of coal this year. The milestone ton was loaded on October 12 onto the Post-Panamax bulk carrier, Spring Wealth, the 266th vessel handled from the…Details
In January-September the Lugansk Region State Fiscal Service transferred 651.6 million UAH to the state budget, with special fund receiving 451.5 thousand UAH. The largest imports were registered in anthracite coal (203.3 million UAH, 31.4% of the total imports) and coking coal (195.6 million UAH, 30.2%). Among metal companies Alchevsk Iron and Steel Works demonstrated…Details
ArcelorMittal Kriviy Rih is continuing the relocation of people form the zone of the possible move of the surface in the Saksagansky district of the Kriviy Rih city and is prepared to purchase every house on the Lavrenin and Chistopolskaya Streets (the so called Zhukovka settlement) at 425 thousand UAH provided the purchase agreement is…Details
Azovstal Iron and Steel Works has started the pulverized coal injection process at its blast furnace No. 2. “PCI at BF No. 4 was started according to schedule in November 2016. Construction works at BF No. 2 began in December 2016, and now the PCI process has started”, the company said. The next furnace to…Details
In January-June Russia produced 12.882 tons of platinum, down by 0.92% YoY, and 45.251 tons of palladium, up by 6.9% YoY. According to the Russian Union of Gold Miners, this year total output of platinum and palladium could reach 25.7-28.1 tons and 85.98-89.16 tons respectively. By-product palladium output increased by 10.7% YoY, to 43.827 tons,…Details