Russian gold producer Polyus has asked the government for support in construction of a bridge across the Yenisei River, Vice President Sergei Zhuravlyov said. The bulk of gold reserves of the region is located on the right bank of the river, where reserves of antimony, zinc, lead, and magnesite are also located. Their production is…Details
The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…Details
In January-March Ukraine mined 8.359 million tons of coal, up by 19.3% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 9.9%, to 1.614 million tons, and that of power-generating coal – by 21.3%, to 6.744 million tons. In March coal mining grew by 1.3%, to 3.024 million tons.…Details
The pilot project “Package Tour for Leave” was launched in the beginning of the year. At this moment, over 360 employees have applied for it and chosen trip vouchers via travel agencies. The price of such a voucher is partly compensated by the company, and the compensation depends on the fact how often does an…Details
In March Ukraine increased iron ore raw materials exports by 4% MoM, to 2.8 million tons. According to Ukrmetallurgprom, in Q1 exports dropped by 13% YoY, to 8.6 million tons. Iron ore raw materials delivery to metal companies grew by 10% MoM, to 2.75 million tons in March, and in Q1 – by 23% YoY,…Details
In March metal companies received 860 thousand tons of coke, up by 11% MoM. According to Ukrmetallurgprom, Ukrainian coke accounted for 785 thousand tons, up by 12% MoM, while imports – 75 thousand tons, flat MoM. In Q1 metal companies received 2.55 million tons of coke, up by 8% YoY, including 2.31 million tons of…Details
In March scrap procurers obtained 284 thousand tons of scrap, up by 2% MoM. According to Ukrmetallurgprom, of this Ukrainian metal companies received 230 thousand tons, up by 2% MoM, and 54 thousand tons were exported, up by 2%. The scrap need was only 82% covered as opposed to 93% in February. In Q1 scrap…Details
In May Ukraine intends to produce some 1.8 million tons of pig iron, 1.8 million tons of steel and 1.6 million tons of rolled metal. According to Ukrmetallurgprom, as of April 10, 19 out of 21 blast furnaces, 7 out of 9 open-hearth furnaces, 12 out of 16 converters, 7 out of 15 arc furnaces…Details
In Q1 steel output at NLMK totaled 4.33 million tons, flat QoQ, but up by 3% YoY.
Capacity utilization rate grew by 3%, to 99%.
Group sales in Q1 totaled 4.15 million tons, up by 13% YoY, but down by 5% QoQ. (NLMK/Ukrainian metal)
The prices of the main precious metals varied in Azerbaijan on April 13, according to the data published by the Central Bank. The cost of gold decreased by 15.963 manats, to 2278.3825 manats per troy ounce compared to the price on April 12. The cost of silver decreased by 0.1804 manats, to 28.0996 manats per…Details
The Magnitogorsk Iron and Steel Works (MMK) took part in the XVIII Urals Industrial and Economic Week international exhibition and the X International Industrial Forum on “Reconstruction of industrial enterprises – breakthrough technologies in metallurgy and machine building”. The events took place on April 10-12 at the World Trade Center in Chelyabinsk. As the largest…Details
Vladimir Potanin, one of the major shareholders of the Russian metals giant Norilsk Nickel, had rejected the so-called “shootout” for control over the company before the U.S. imposed sanctions against co-owner Oleg Deripaska, he said in an interview with The Financial Times released on April 13. “The destiny of a company like Norilsk Nickel, of…Details
PJSC ArcelorMittal Kriviy Rih, the largest mining and metallurgical company of Ukraine, will increase salaries of its employees from 5% to 20% from May 1. A new remuneration system, which was developed at the company, allows to review the employees’ salaries on a case-by-case basis – depending on the category of the personnel. The main…Details
In connection with the situation at the Kyrgyz-Chinese gold mining enterprise GL Makmal Developing, the Embassy of the People’s Republic of China in Kyrgyzstan and the Consulate General of the People’s Republic of China in Osh appealed to the Ministry of Foreign Affairs and the Ministry of Internal Affairs of the Kyrgyz Republic to conduct…Details
The prices of the main precious metals varied in Azerbaijan on April 12, according to the data published by the Central Bank. The cost of gold increased by 26.639 manats, to 2294.3455 manats per troy ounce compared to the price on April 10. The cost of silver increased by 0.2886 manats, to 28.28 manats per…Details
Within the program of eco-modernization Zaporozhkoks has completed the capital repairs of the aeration tank No. 7 used for bio-chemical purification of wastewater. Investments in the project exceeded 2.8 million UAH. To repair the aeration tank No. 7 the company employed the specialists of the Ukrainian state research institute on the water supply and environment…Details
Chaarat Gold Holdings Ltd intends to put the Charaat project into operation in two stages, with the first gold to be obtained in 2020. The first stage presupposes the development of the Tulkubash quarry with the output of 100 thousand ounces of gold per year. Gold reserves at the deposits are estimated at 1.05 million…Details
The integrated chemical and metallurgical complex to produce titanium dioxide, rare and rare earth metals will be created on the basis of the Afrikandskoye deposits in Murmansk region. Investments might total 14 billion rubles. Some 2.5 thousand jobs might be created. When the project reaches full capacity, it could produce 75 thousand tons of titanium…Details
In January-March Chukotka yielded 5.323 tons of gold, down by 5% YoY. Silver output totaled 27.5 tons. Chukotka Mining and Geological Company, a part of Kinross Gold, was the leader in gold mining, having obtained 2.408 tons, up by 86.9 kg YoY. Silver output reached 24.586 tons. Rudnik Karalveyem (Auramine Resources) mined 403.8 kg of…Details
Chelyabinsk Zinc Works has completed the tests of obtaining indium of high purity (99.9999%). This has become possible thanks to the company-developed manufacturing technique, as well as implementation and commissioning of the vacuum inductive smelting machine. Indium consumption in the world has been quickly growing lately. Some 70% of the total indium output is used…Details
Severstal – Balakovo Bar Works has set another record of the average ladle steel smelting resistance.
The record of 171 smeltings (with average being 128) was set in Q1.
The new record has exceeded the previous of 121 smeltings, which was one of the best results for mini-mills. (Ukrainian metal)
Interpipe has won two tenders for the delivery of railroad wheels valued at 295.25 million UAH (with VAT) to the state enterprise Ukrzaliznytsia. According to the auction documents, there were two lots of 7.314 thousand and 9.394 thousand wheels. The wheels have to be delivered by the end of the year. Last year Interpipe increased…Details
In March Oskol Electrometallurgical Works decreased railroad sales by 6.5% YoY, to 247.8 thousand tons. In three months sales dropped by 3.2% YoY, to 782.1 thousand tons, with sales to domestic customers down by 42.4%, to 133.6 thousand tons, while exports up by 12.6%, to 648.5 thousand tons. Earlier the works has completed the modernization…Details
The state enterprise Selidovugol has ordered the delivery of pumps, lubricants and mining tools valued at 34.64 million UAH. In particular, the Sumy Works “Energomash” will supply 77 pumps of 27 types with the combined cost of 14.5 million UAH. 25125 mining tools of 10 varieties valued at 15.34 million UAH will be delivered by…Details