In January-May Khabarovsk region yielded 7232.7 kg of gold, up by 12.4% YoY. Resursy Albazino LLC, a part of Polymetal, has provided for 40% of the total volume. The company is mining for gold at deposits of the district named after Polina Osipenko. Alluvial gold accounted for 443.7 kg of the total volume, down by…Details
In May MMK decreased railroad transportation of rolled metal by 11.6% YoY and by 3.4% MoM, to 829 thousand tons. In January-May railroad shipping of metal from MMK increased by 3% YoY, to 4.44 million tons, the highest result in the past 4 years. Deliveries to domestic customers grew by 13%, to 2.85 million tons,…Details
According to Mikhail Volynets, the chairman of the Independent Miners’ Union of Ukraine, there are partial salary debts to Selidovugol miners for 2015 and 2017. “The miners have blocked the Moscovskaya Street in the town of Selidovo. This road leads south in the direction of Mariupol, Zaporozhye and Krasnogorovka. Some miners want to go to…Details
The acting director of the United Mining and Chemical Company Alexander Gladushko believes the state ownership limits the enterprise development. “The taxation base is a burden for state companies. It considerably limits the spending on modernization, and the company itself has limited opportunities on reconstruction”, he said. He believes, that the private ownership will allow…Details
Sumgayit Technology Park (STP) has delivered a large batch of cables to Tajikistan. The products were delivered as part of the reconstruction work in the Roghun hydroelectric power station. The company shipped two types of cables: control cables and low voltage cables (up to 1 kV). Earlier, STP delivered the first batch of power cables…Details
In May, according to the railroad statistics, direct supplies of ferrous scrap to NLMK-Kaluga totaled 138 thousand tons, up by 23.6% MoM and by 2.2% YoY. In April the results were +45.6% and -7.5%, and in March -8.6% and +31.3% respectively. In January-May the company received 498.8 thousand tons of scrap, up by 14.7% YoY.…Details
Irkutskgeofizika, a part of the state geological holding Rosgeologia, has started the summer field season with the prospecting works at the Okino-Iyskaya territory in Irkutsk region.
The goal of the project is to locate and evaluate R1 and R2 gold resources.
The project will be completed in Q4 2020. (Ukrainian metal)
In May the most efficient rolling mill at MMK – the 2000 hot-rolling mill – set a record of monthly output – 527.5 thousand tons. This is the maximum monthly output since the mill’s commissioning in 1994. The previous record was set on January 2015 – 526.2 thousand tons. The 2000-mill is one of the…Details
Severstal has started another stage of the coke-oven plant No. 4 construction at Cherepovets Iron and Steel Works – the drying and heating of the new machine. The total cost of the investment project is some 6 billion rubles. One of the advantages of the new coke-oven plant is the considerable decrease of environment impact.…Details
The number of operating state coalmines in Ukraine has decreased. “Last year we finished the process of shutting down 5 state mines”, the minister of energy and coal industry Igor Nasalik said. He also named the mines, which coped with the coal output targets. “These are the Yuzhnodonbasskaya No. 1, the mine named after Sugray,…Details
In April Russia exported 1.504 million tons of steel semi-finished products down by 5% MoM. According to the customs statistics, flat rolled metal exports grew by 26.8%, to 806 thousand tons. In January-April semi-finished products exports increased by 11.5% YoY, to 5.446 million tons, while those of flat rolled metal dropped by 12.4%, to 2.708…Details
Russia plans to raise its coal output by around 1% YoY, to 413 million tons in 2018, according to documents signed at a ministerial meeting between Russia and Belarus on June 13. Coal consumption is expected at 192.5 million tons in Russia and 630,000 tons in Belarus, of which 530,000 tons will be imported from…Details
The prices of precious metals varied in Azerbaijan on June 13, according to the data published by the Central Bank. The cost of gold decreased by 3.23 manats, to 2,201.4405 manats per ounce compared to the price on June 12. The cost of silver decreased by 0.0919 manats, to 28.601 manats per ounce. The cost…Details
The state enterprise Lvivugol has a strategic goal for this year to construct a mini-processing factory at the Chervonogradskaya mine. The enterprise also plans to commission four long faces, as well as receive a loan worth 340 million UAH for the machinery at the Vozrozhdeniye and Stepnaya mines. Lvivugol is the only state coal enterprise…Details
Scrap procuring companies of Ukraine hope that the creation of the free trade zone with Turkey will decrease the export duty on scrap. At present the Agreement on the Association of Ukraine and EU presupposes the zeroing of the export rate on scrap by 2024. In 2018 the duty dropped from 9.5 euros per ton…Details
Interpipe is pondering the creation of the database of unscrupulous scrap procuring enterprises in order not to cooperate with them in future. “The scrap shortage is an important factor for us, but on the other hand we are now more concerned with the quality of the raw materials we receive. We want to create the…Details
The State Duma has adopted in the second reading the draft decree on imposing a zero rate of VAT on companies that extract precious metals from scrap or wastes without a license and then sell them to the State Fund, banks and the Central Bank. According to an explanatory note to the document, the tax…Details
Several gold-extracting projects will be carried out in Irkutsk region. Polyus intends to commission the Sukhoi Log deposits by 2026. The capacity of the gold-extracting factory is expected at 30 million tons of ore with the average gold output at 1.6 million ounces per year. Investments will total $2-2.5 billion. Meanwhile Polyus Verninskoye has received…Details
In mid-June the group of companies Ferrum (Novosibirsk) has put into operation the fifth pipe mill TESA 48-133.
The mill produces electric-welded straight seamed pipes with the diameter of 48-133 mm.
The total capacity of the mill is up to 6 thousand tons of pipes per month. (Ukrainian metal)
Additional premises of the oil-processing works have been put into operation in Azerbaijan. The size of the premises is 1500 square meters. The weight of the metal structures is 154 tons. This is the second building constructed in the country by the specialists of Novinsky Works of Metal Structures (Moscow). The oil-processing works has been…Details
In order to check the compliance of the Energomashspetsstal environment management system to the ISO 14001:2015, the company has been visited by QSCert-Ukraine B.V specialists. They have checked 17 structural subdivisions of the company, studying the documents dealing with environment protection and speaking with the directors and the personnel. The information obtained during the audit…Details
Ukrmetallurgprom and the Ukrainian association of secondary metals UAVtormet have addressed the Verkhovna Rada asking it to free the scrap metal operations from VAT. “This will make it impossible to some companies to carry out operations, which allow them to get the VAT reimbursed from the state budget”, the letter said. According to the letter,…Details
Ural Mining and Metallurgical Company is carrying out operation at the Khopra sulfide-nickel deposits in Voronezh region. The prospecting work has been completed, and now the company is preparing the necessary documents. The process is expected to wrap up by 2020. According to the company statement, preliminary estimations show that the construction of a mining…Details
In January-May Irkutsk region yielded 6902 kg of gold, up by 15% YoY. In particular, ore gold output totaled 5662 kg, and alluvial gold – 129 kg. 6 companies provided for the most output. Polyus Verninskoye mined 2923.6 kg of gold, Vysochaishiy – 1813 kg, Ugakhan – 649 kg, Lenzoloto – 451 kg, Vitim –…Details