The Ministry of Finances suggests increasing the volume of sanctions for the breach of precious metals and stones mining, using and storing rules. The maximum fines for companies and individual entrepreneurs could increase 5-fold, to 250 thousand rubles, for officials – 4.7-fold, to 70 thousand rubles. The decision is aimed at decreasing the grey market.…Details
ArcelorMittal Temirtau has been fined for 600 million tenge for the damaged caused to the environment. The Department of ecology says that this fine has nothing to do with the black snow. At the same time the company has been fined for polluting the environment. “The air pollution exceeded the norms. The company also failed…Details
Since the start of the year the prices of precious metals have increased by 6% as opposed to the 1.5% growth in the last week of 2017. For January 8-14 the following sales prices are set: gold – 20462.92 drams per 1 gram (up by 4.8%), silver – 266.26 drams (up by 6.8%), platinum –…Details
In 2017 the uranium holding ARMZ mined 3 thousand tons of uranium, having 100% fulfilled its annual target. In particular, its Khiagda enterprise obtained 693 tons of uranium. It is expected that the company will reach the project capacity of 1 thousand tons per year in 2019. Dalur retained its output volume and extracted 592…Details
In 2017 Kosaya Gora Iron and Steel Works sold 63.6 thousand tons of ferromanganese, up almost by 8 thousand tons YoY.
At the same time ferromanganese output increased by 7.8 thousand tons YoY. (Ukrainian metal)
In 2017 Priisk Solovievsky, which extracts gold in Amur and Zabaikalye regions, obtained 3.5 tons of gold, up by 40% YoY, or by 1 ton. The main volume – 3127 kg – was mined in Amur region deposits. The rest was obtained from alluvial gold sites in Zabaikalye. The increase has to do with the…Details
The Cabinet of Ministers has provided the state enterprise Pervomayskugol with the state guarantees for the loan of 2276.2 million UAH.
The funds will be used to commission the new long face at the Gorskaya mine.
The decision on the loan was taken in 2017 by the Ministry of energy and coal industry. (Ukrainian metal)
In 2017 Zaporozhogneupor increased output of molded refractories by 8% YoY, to 102.571 thousand tons. According to the company statement, manufacture of high-aluminous wares grew by 27%, to 16.246 thousand tons, magnesia wares – by 15%, to 43.652 thousand tons, while that of chamotte refractories dropped by 3%, to 42.672 thousand tons. In December 2017…Details
In 2017 Russkiy Ugol mined 842 thousand tons of coal in Krasnoyarsk region, up by 4% from the plan and by 7% YoY. The increase is the result of the new machinery acquisition. Thus, the company purchased 55-ton BelAZ trucks, Komatsu excavators and bulldozers. Russkiy Ugol started developing the Sayano-Partizansky pit in 1991, but only…Details
A new investor – the Region Group of Companies – appeared at the Saratov Works of Reservoir Metal Structures, which is in the insolvency procedure. “We have decreased expenses to the minimum. January and February are already loaded, we have no debts. We hope that the situation improves”, the company CEO Mikhail Savran said. (Ukrainian…Details
Zlatoust Electrometallurgical Works goes on with its projects to expand the grade and section portfolio. In particular, in 2017 it started manufacturing new grades of heat-resistant steel (ep99id, ep648vi, ep718 and ei943). These grades are widely used in the manufacture of structure elements and parts operating under high temperature. Last year ZEMZ also started manufacturing…Details
Chelyabinsk Iron and Steel Works has sold 1.5 million tons of rail and beam rolled metal since the corresponding mill has been put in operation. ChMK rails are shipped to the Russian Railroads and used in Moscow subway construction and industrial sites of major companies, as well as exported to Belarus and Kazakhstan. The main…Details
Magnitogorsk Iron and Steel Works (MMK) has received a successful supervisory audit of its environmental management system by meeting the requirements of a new version of the international standard ISO 14001. Following the assessment, specialists representing the authoritative international certification body TÜV Nord Cert (Germany) confirmed that the system entirely met the requirements of the…Details
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable the use of cloud, Internet of Things and Machine Learning technologies…Details
Ukraine in 2017 increased exports of titanium-containing ore and concentrate in natural terms by 26% compared to 2016, to 583,772 tons. According to customs statistics released by the State Fiscal Service, during this period exports of titanium ore and concentrate in monetary terms increased by 25.3%, to $105.235 million. Major exports were made to the…Details
In 2017 Tajikistan mined 1.7 million tons of coal, having set a record. 18 enterprises mine for coal in the republic. The 4 largest promised to mine 1.5 million tons of coal. Other companies obtained some 200 thousand tons. For the past four years Tajikistan has been mining record-high volumes of coal: 870 thousand tons…Details
In 2017 Chukotka region yielded 25.348 tons of gold, down by 13.14% YoY. Silver output dropped by 19.59%, to 130.839 tons. Alluvial gold output reached 2327.35 kg, up by 9.5% YoY. Ore gold extracting decreased by 14.92% YoY, to 23.021 tons, mostly because of the thinning of reserves. Last year the regional authorities expected gold…Details
In January-November 2017 Armenia increased metal output by 11.4% YoY after the drop of 6.3% in 2016. According to the National Statistics Service, ferromolybdenum output grew by 3.9%, to 6098 tons. In November 2017, 577 tons were produced, up by 12.3% MoM. Molybdenum concentrate output in 11 months increased by 3.8%, to 10133 tons, with…Details
In February Magadan region will hold auctions for the sale of 11 sites of alluvial and ore gold. All participation offers are accepted through February 12. Sites in Omsukchansk, Severo-Evensk, Srednekansk, Tenkin and Khasyn districts will be offered for sale. The cost of the lots depending on the site ranges from 1 million to 17.6…Details
The Lipetsk pipe company Svobodniy Sokol has purchased assets belonging to the insolvent Lipetsk Iron and Steel Works Svobodniy Sokol for 756.2 million rubles. According to the company CEO Igor Yefremov, this includes premises, metal and special machinery, lease right, patents, trade marks, railroad transport and social objects. The starting price of the lot was…Details
Kolyma gold-extracting companies have confirmed the 2017 gold output on the level of 32.7 tons.
In 2018 they have received orders for 32 tons of gold.
At the same time the real forecast for the year is 37 tons. (Ukrainian metal)
Uralmashzavod has completed the final stage of dragline 11/75 shipping.
The corresponding contract with VostokUgol (Novosibirsk region) was signed in October 2016.
The machine will be operating at the Vostochniy pit and is expected to start working in Q1. (Ukrainian metal)
In 2017 metal industry showed positive trends resulting mostly from external factors: the strengthening of the ruble, increase of the outer demand, accessibility of investments, etc. The following factors influenced the metal industry the most: – the increase of world prices by 40% on average, – and the growth of other income 2.2-fold because of…Details
Energomashspetsstal will produce a batch of working rolls for Evraz-DMZ. According to the company statement, the corresponding contract was concluded in November 2017. The total weight of the rolls will be 184.7 tons. The rolls will be used in the bar-rolling mills of Dneprovsky Iron and Steel Works. The delivery is scheduled for the second…Details