In 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia).
Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY.
VTB is a leader in Russian gold purchases. (Ukrainian metal)
As of April 1, the gold-extracting companies of Magadan region mined 3933 kg of ore gold, with 1417 kg obtained in March. Silver output in three months totaled 163.9 tons. Gold mining increased by 11% YoY, while that of silver dropped by 8.3%. The decrease has to do with the scheduled drop of output at…
DetailsIn Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY.
Tungsten concentrate output totaled 215.54 tons.
Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively.
Coal mining totaled 5655 tons. (Ukrainian metal)
South Kuzbass has purchased new machinery for the Krasnogorskaya processing factory. The separator valued at 6.4 million rubles has been purchased under the technical revamping program. The new machine can process 215 tons of ore per hour. “The new machinery will provide for the stable operation of the whole manufacture, decrease operational expenses and electric…
DetailsThe metal shop of Proizvodstvo polymetallov, a subsidiary of Uralelectromed, has started assembling a new converter. The machine will replace the outdated one. The old machine has already been disassembled. On its place a concrete foundation with the volume of 160 cubic meters has been laid. The replacement is scheduled to end in May. The…
DetailsAccording to the Baykal Mining Company CEO Yuri Ryabov, the mining and processing works at the Udokan copper deposits will be commissioned in 2022. In a year it was expected to mine 6 million tons of ore. At the same time, some media reported that the commissioning would be postponed for a year. But the…
DetailsKyshtym Electrolytic Copper Plant is improving the quality of packaging.
The new scheme of copper wire rod packaging prevents damage in transit.
The novelty has to do with the increase of the coil compression, which makes it more compact. Such coils are less subject to vibration in transit, and thus, to damages. (Ukrainian metal)
PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…
DetailsRUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…
DetailsEnergomashspetsstal has shipped ArcelorMittal companies 345 tons of supporting rolls. According to the company press-service, the contract to produce rolls was signed in 2017. In particular, for ArcelorMittal Temirtau EMSS produced 197 tons of rolls for hot- and cold-rolling mills. 148 tons were shipped to ArcelorMittal works in Spain, Belgium and France. At present over…
DetailsThe state enterprise Toretskugol has ordered the Donenergoexport LLC the delivery of 300 tons of mine sections valued at 11.63 million UAH. The enterprise has ordered three types of sections with the length of 12 m: 150 tons of SVN-22, as well as 75 tons of SVP-27 and SVP-33 sections each. One ton of each…
DetailsAccording to the Svoboda Truda union chairman Igor Tokovenko, on April 18 the Severniy Mining and Processing Works employees will go on a strike. They intend to demand increase of salary, decrease of the working hours norms and setting up labor terms. Last year the State Fiscal Service found out that the enterprise did not…
DetailsRussian gold producer Polymetal International has signed an agreement with Russian Copper Company to exchange the Tarutinskoye field in Russia for 85% in the East Tarutinskoye field in Kazakhstan, Polymetal said in a statement on April 16. “As a result of the transaction, Polymetal will receive 85% of LLP Tarutinskoye, the license holder for the…
DetailsIn 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…
DetailsLemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…
DetailsAstana is gearing up to host the 25th World Mining Congress on June 19-22. Majilis member Albert Rau said that it would be a milestone event dated to the 60th anniversary since its establishment of the Congress in Warsaw in 1958. According to Rau, the establishment of the congress led to a significant breakthrough in…
DetailsRussia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…
DetailsBelarus Iron and Steel Works (BMZ trademark) plans to supply $40 million worth of products to Ukraine in 2018, the company’s representatives declared following the “Made in Belarus” expo. “As for the 2018 plans, we will probably sell 100,000 tons of products (around $40 million) to this market. We have ambitious plans. BMZ has a…
DetailsRussian aluminum producer RUSAL has abandoned an idea to ask the shareholders for a mandate to compete for a stake in Norilsk Nickel with Interros due to the new U.S. sanctions, it said in a statement. According to the statement, RUSAL will monitor the situation and can return to the move if sees it necessary.…
DetailsRio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement.
On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)
Personal belongings of employees were stolen from the territory of the Chinese enterprise GL Makmal Developing at Makmal. According to the company, all the employees of the enterprise have started working, but the Chinese investors do not yet know at whose expense the burned objects will be restored. It is known that the government and…
DetailsLast week the price of one ounce of gold increased by 13.2345 manats or by 0.58%, to 2,276.3956 manats. The price of one ounce of silver increased by 0.1846 manats or by 0.66%, to 28.0715 manats. The price of one ounce of platinum increased by 16.4305 manats or by 1%, to 1578.8835 manats And the…
DetailsSome politicians are involved in the riots that occurred in Toguz-Toro district, where the gold processing plant under construction was set on fire, the Prime Minister of the country announced at a meeting of Kyrgyzstan parliamentary faction. Sapar Isakov said that the Ministry of Internal Affairs asked for time for investigation. But the names of…
DetailsZaporizhstal has opened the season of shipping metal products via water transport. This year the company intends to deliver some 600 thousand tons of metal via the River Dnepr. Zaporizhstal metal has already been delivered over the water to Greece, Bulgaria, Turkey, Romania, Georgia, Serbia and Macedonia. “This year we will keep the volumes of…
DetailsThe Armyansk City Court has found Titanium Investments – Crimean Titanium LLC guilty of not paying for negative influence on the environment. The company did not pay over 3 million rubles for harming the environment. Now it has 6 months to pay the debt. The company, situated in Russia-annexed Crimea, covers a third part of…
DetailsIn March, according to the railroad statistics, direct supplies of ferrous scrap to MMK totaled 64 thousand tons, down by 8.6% MoM and by 43.7% YoY. In February the results were up by 4.3%, but down by 39%, while in January – down by 72% and by 36% respectively. In January-March the company received 192.1…
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