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Prospectors have discovered a new promising gold-quartz-sulfide and gold-quartz Baukomskaya field in the mountainous parts of the Zakkadon River valley in the Republic of North Osetia – Alania. The R3 reserves on the area of 18 square km are estimated at 213 tons with gold content of 1.78 g per ton. The R1 potential could…
DetailsIn July-September Evraz decreased steel output by 3.4% QoQ, to 3.38 million tons. In North America sales dropped by 13.2%, to 427 thousand tons. In 9 months the figure grew by 1.9%, to 1.421 million tons. Overall steel output in January-September increased by 4.5%, to 10.366 million tons. Steel sales in Q3 went up by…
DetailsIn January-September Kamensk-Uralskiy Non-Ferrous Metals Processing Works increased sales. In particular, sales of the copper-nickel rolled metal grew by 60% YoY and bronze – by 13%. Brass electric discharge wire sales under the company own brand of Brasston went up by 16%. The main customers are Russian enterprises, as well as companies from Belarus and…
DetailsThis year the Plamya miners team, operating in the Republic of Sakha, extracted 170 kg of alluvial gold, down by 110 kg from the target. The output decreased because of the thinning of reserves at licenses sites and the late start of the washing season. The company operated at the Komagin and Sygynakh sites from…
DetailsMetinvest has cleared its $75-million debt of pre-export financing in advance. Now the company debt amounts to $406 million. “This move demonstrates our attention to servicing our debt and relieves Metinvest of paying planned amounts of the main debt for the next several months, which will provide us with a financial flexibility during the steel…
DetailsIn July-September Norilsk Nickel increased nickel output by 7% QoQ, to 57 thousand tons. In 9 months output grew by 6%, to 167 thousand tons. The volume of nickel produced of the company own raw materials went up by 6%, to 164 thousand tons. Copper output in Q3 dropped by 3% QoQ, to 121 thousand…
DetailsIn July-September MMK received $271 million of profit, down by 32% YoY. Revenue dropped by 4%, to $2.009 billion, and EBITDA – by 22%, to $525 million. In January-September profit decreased by 28% YoY, to $768 million. Revenue fell by 6.5%, to $5.844 billion, and EBITDA – by 22%, to $1.462 billion. (Ukrainian metal)
DetailsThe Zarechniy-Severniy Pit, a part of SUEK-Kuzbass, has already fulfilled its manufacturing plan for 2019, having extracted 1.6 million tons of coal. This is the youngest among the group enterprises, commissioned in April 2018 with the reserves of 18 million tons of coal. In the first year the company was able to extract 1.2 million…
DetailsLebedinsky Mining and Processing Works has successfully passed the audit of its quality management system and has once again confirmed its correspondence to the international standard. The audit has been carried out by the experts of the British Standards Institution. They noted that all the departments inspected demonstrated the highest level of participation in the…
DetailsThe Ministry of ecology, geology and natural resources has signed a memorandum with ArcelorMittal Temirtau to decrease emission by 30% in 2019-2024. The meeting also discussed the environment-protection activities of AMT, implementation of the newest techniques in pollution decrease and purification, as well as measures taken to improve the ecological situation in the Karaganda region.…
DetailsVostochniy Mining and Processing Works in January-September decreased uranium oxide concentrate output by 14.9% YoY, to 684.8 tons. In January 72.6 tons were produced, in February – 93.7 tons, in March – 84.3 tons, in April – 72.9, in May – 52.2, in June – 80, in July – 72.2, in August – 84 and…
DetailsThe rolling capacities of Dneprovsky Iron and Steel Works are fully loaded. “We have not shut down the manufacture. We go on producing”, DCH owner Alexander Yaroslavsky declared. According to him, DMZ manufactures wares of semi-finished products purchased on free market. Metinvest is one of the suppliers. As to the blast furnace and steel smelting…
DetailsKrasnobrodskiy Coal Pit of Kuzbassrazrezugol has commissioned a new TEMN-2N-UGMK locomotive manufactured at the Shadrinsk Auto-Aggregate Plant (ShAAZ). “Since 2014 under the program to renovate the locomotive fleet the company has received 16 TEM2-UGMK locomotives modernized at ShAAZ. But this is a new machine. It will be used at the railroad stations of the pit”,…
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