Aktogay Mining and Processing Works will be expanded. In October the works has reached its project capacity at the sulfide enrichment factory, and the board of directors decided to construct another factory, which would double sulfide ore processing from 25 to 50 million tons per year. The expansion is the low-risk project. Investments are expected…
DetailsRoseximbank has opened a loan of 3.35 billion rubles for 2.5 years.
The financing is carried out under the state program of supporting exports of highly technological products.
Izhstal will spend the money to buy raw materials to manufacture products for exports to Europe and Kazakhstan through Mechel sales network. (Ukrainian metal)
Severstal has approved of the program to develop the Yakovlevsky mine in Belgorod region, which presupposes the increase of iron ore mining within several years. In 2018 the mine output will increase by 50% YoY, from 872 thousand tons to 1.315 million tons. The main goal of increasing output is to improve the company provision…
DetailsAt the Extraordinary General Shareholder Meeting (EGM) held on December 22, NLMK shareholders approved payment of Q3 2017 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to dividends would be determined was set as January 9, 2018. January-September 2017 dividends will amount to RUB 10.68 per share. At the meeting,…
DetailsIrshansk Mining and Processing Works has ordered Energy Trade Group LLC the delivery of natural gas valued at 71 million UAH. In 2018 the company will supply 7.1 million cubic meters of gas at 10 thousand UAH per 1 thousand cubic meters. The price is 13% below the expected cost of the purchase (81.65 million…
DetailsThe supervisory board of Evraz Yuzhkoks has appointed Andrei Shabanov the CEO of the company. He is the ex-director of Donetskkoks and the scientific-manufacturing enterprise Inkor and Co, both part of Metinvest. The decision was taken at the board meeting on December 18. The previous CEO Denis Koshkarev has resigned. Shabanov has been hired for…
DetailsThe American International Trade Commission has confirmed the information on damages inflicted by Russian, Belarus and UAE suppliers of wire rod. At the same time it has not found any critical conditions during the Russian export of wire rod to the US. Thus, the antidumping duty of 463.8-756.93% will be imposed on Russian wire rod,…
DetailsKangalassky pit of Yakutugol has completed the annual mining program in advance. So far the output is exceeding the plan by 15%. And the miners intend to increase it even more. Most of the coal from the pit (some 70%) is sent to the housing and municipal enterprises of the central regions of the Republic…
DetailsIn 2017 the Ministry of energy and coal industry has shut down 5 profitless state mines. “If the reform is completely carried out, we will have no profitless mines. This year we have shut down 5 mines, which have been closing down since 1992. They were just eating up budget money”, the minister of energy…
DetailsNLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, has commissioned four more high-pressure grinding roll (HPGR) units, boosting productivity of Stoilensky’s Beneficiation Plant by 0.8 million tons of iron ore concentrate, to 17.4 million tons per year. As a result, Stoilensky has now covered 100% of the…
DetailsFINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coalfield in Russia’s easternmost Kamchatka region with a 264.8 million-ruble bid, the regional government said on December 22.
The field’s reserves are estimated at 300 million tons of coal. (Prime/Ukrainian metal)
U.K.-based mining giant Evraz, which operates mainly in Russia, has resumed operation of the Yesaulskaya coalmine in the Kemerovo region, which was suspended on December 20 after a rockslide, the Energy Ministry said in a statement on December 22. The rockslide occurred in the mine’s blind ventilation drift, and 97 out of 100 miners evacuated…
DetailsIn January-November gold output in Russia increased by 8.5% YoY. At the same time, according to Rosstat, silver output decreased by 0.1%. In November gold output went up by 9.7% YoY, but dropped by 17.4% MoM, while that of silver decreased by 23.7% YoY and by 18.1% MoM. Gold-containing ore mining in 11 months increased…
DetailsOn December 19 the terrorist organization of the Luhansk People’s Republic, created and supported by Russia, decided to appoint provisional administration at the Alchevsk Iron and Steel Works. “The decision has been taken due to the transport, power and economic blockade. The AMK idleness results in the negative influence on the machinery, the destruction of…
DetailsResurs LLC plans to construct a gold-extracting plant of heap leaching at the Polyanka deposits in Khabarovsk region. The site with the reserves of 15 tons of gold was discovered in 2014. The company intends to produce 1250 thousand tons of ore, or 1297.5 kg of gold per year. Resurs LLC has already received a…
DetailsThe government of Tajikistan has postponed the payment of tax debts by the state enterprise Tajik Rare Metals. The debt of over 8.2 million somoni accumulated by January 1, 2017. According to the Ministry of Finances, the total debt of the company as of H2 2016 was 17.6 million somoni. The company was created on…
DetailsDalur is leading among the mining companies of Rosatom in uranium output. According to the company CEO Nikolai Poponin, in 2017 Dalur is expected to produce 592.3 tons of yellow cake, up by 0.1% YoY. The company has drilled 242 shafts and its reserves have increased by 667 tons of uranium. “We have improved the…
DetailsTaldinsky coal pit, a part of Kuzbassrazrezugol, has commissioned a new Uralmashzavod excavator. This is the fourth 19-cubic meter Uralmashzavod excavator in the company fleet. The first excavator of the series has been operating for 6 years and so far has dug 32 million cubic meters. This year Kuzbassrazrezugol is expected to spend 11 billion…
DetailsKarelsky Okatysh is finishing the modernization of the third stage of the wet magnetic separation. The investment program has been carried out during the year. So far the company has installed 18 separators – two at each of 9 sections. Moreover, two additional machines have been assigned to the first stage of the separation. “All…
DetailsThe government of Belarus is prepared to help Belarus Iron and Steel Works financially. According to the First Vice Prime Minister Vladimir Semashko, the authorities could restructure the company debts of some $70 million. “World prices for BMZ products have dropped 2-fold in 3 years, while they counted on the old prices in their business…
DetailsThe manufacturing plans on the tender to supply pipes for the surface site of Nord Stream 2 have to be completed, Fund of the pipe industry development reported. “We’re negotiating a new approach to the price formation, and the decision has to be taken soon not to break the continuous manufacturing process”, the fund said.…
DetailsSvet Shakhtera has put in operation a new annealing arc furnace. With the help of the new furnace the company has increased castings output of the shop to 184 tons per month. Investments in the project totaled 2 million UAH. Moreover, the new lining of the furnace needs to be repaired only once each 10…
DetailsEnergomashspetsstal will produce equipment for Lasco Umformtechnik GmbH, which produces hammers and presses. According to the agreement, EMSS will produce and supply two large hammer frames with the total weight of 122 tons. The castings will be a part of press-forging machinery and will be delivered to the customer in May and June 2018. The…
DetailsLermontovsky GOK has shipped 49 tons of tungsten concentrate since the start of its operation in early November. Concentrate was shipped in two batches of 24.5 tons each. According to the company director Yuri Danilov, it has received a subsidy of 250 million rubles to buy new equipment and materials. The company operation halted in…
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