Laboratory of Innovative Technologies has become the first company on the territory of the ex-USSR to start processing rare-earth metals. Previously all concentrates have been processed abroad, and then returned back to Russia as oxides, metals and alloys. From now on Russia will be processing them itself. All the products manufactured will be sold on…Details
On February 16 the state enterprise Lvivugol cleared its salary debts of 2017.
In particular, the enterprise received 10 million UAH from the state company Coal of Ukraine.
On January 4 Coal of Ukraine transferred 21 million UAH to pay salary to Lviv miners for November 2017. (Ukrainian metal)
The U.S. Commerce Department has suggested Washington introduce prohibitive import duties on steel and aluminum from Russia, China, and other countries to boost local production and employment. The department suggested a 53% duty on steel imports from Russia, Brazil, China, Costa-Rica, Egypt, India, Malaysia, South Korea, South Africa, Thailand, Turkey, and Vietnam and a 24%…Details
The Far Eastern Development Fund (FEDF) and China Gold intend to sign documents to establish a joint fund for gold mining investment, including the Klyuchevskoye field near Lake Baikal, head of FEDF Alexei Chekunkov declared. “We with the Chinese partners have agreed that with a high degree of probability this deal will become the first…Details
Russian tycoon Oleg Deripaska plans to resign from the president positions at aluminum giant UC RUSAL and multi-industry holding En+ Group. Deripaska will remain a non-executive director at boards of directors of the companies. Current CEO of En+ Maxim Sokov will become the president of the holding, while RUSAL CEO Vladislav Solovyov will become the…Details
The government of Tajikistan has bought 5% of shares in the Zarafshon gold mining facility, a Tajik-Chinese joint venture, for $1, a source in the Tajik government said on February 15. The agreement with the Chinese side was signed by Farrukh Hamralizoda, head of the Tajik State Property Committee, on the instruction of Tajik President…Details
The state enterprise Yuzhnodonbasskoye No. 1 Mine Group has ordered the Girnyk LLC the work to replace reinforcing of the cage shaft valued at 15.17 million UAH.
The works have to be carried within 3 months.
The contractor has to provide a 12-months guarantee. (Ukrainian metal)
PJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) after blocking the receipt of raw materials from the territory temporarily uncontrolled by Ukraine has started purchases in the Russian Federation. Girish Sardana, the head of the company’s supply department, said that basically the problems in 2017 concerned the supply of raw materials. According to him, “in connection with…Details
The Kremlin will not interfere in disagreements between shareholders of Norilsk Nickel, but hopes they will not hurt its operations, presidential spokesman Dmitry Peskov declared. Tycoon Vladimir Potanin’s Interros, the owner of 30.3% in Norilsk Nickel, offered to buy a 4.95% stake in the company from Crispian Investments Ltd, affiliated with Roman Abramovich and his…Details
On February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…Details
In January the Zabaykalye region mined 281.7 kg of ore gold, up by 3.5% YoY. As of February 1, Mangazeya Mining LLC, Darkhan LLC and Novoshirokinsky Mine have been mining for gold. Silver output reached 1200 kg. Only Novoshirokinsky Mine extracts silver. In 2017 the region obtained 13 tons of gold and over 40 tons…Details
An enterprise of Rosgeologia has completed the prospecting works within the Dakhovskoye gold deposits in the Republic of Adygeia. Following the prospecting, gold-quartz-sulfide ores were found. Estimated reserves are 73.79 tons of R2 gold, including 50.98 tons with 2.8 g per ton at the Shibaba site, 13.02 tons with 1.66 g per ton at the…Details
This year Severstal will supply some 209 thousand tons of rolled metal to railroad car building companies of the United Wagon Company. Cherepovets Iron and Steel Works has been supplying sheets and coils, as well as pipes and bars to the OVK enterprises. The metal is used to manufacture various parts of railroad cars. Last…Details
In 2017 the mining industry of Kyrgyzstan paid to the budget 9,861,212.7 billion soms in taxes, the Mining and Metallurgical Trade Union reported. The organization noted that the mining industry provided more than 8.5% of Kyrgyzstan’s GDP, over 50% of the country’s industrial production and exports, and more than 15% of tax revenues. After the…Details
The Cabinet of Ministers has ordered the Finance Ministry to solve the issue of repayment of wage arrears to coal mining industry workers. The relevant report has been posted on the Finance Ministry’s website. “Under the instruction of Prime Minister Volodymyr Groysman, the Finance Ministry is involved in solving the problem of wage debts to…Details
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9%, or by 984 thousand tons, to 2.1 million tons, and coking coal – by 2.95%, or by 16 thousand tons, to 559 thousand tons. State mines decreased…Details
In 2017 Irkutsk Aluminum Works manufactured 335.208 thousand tons of high-added valued products, or 80% of the total output. In 2016 the figure stood at 72%. Last year IrkAZ produced over 419 thousand tons of metal, up by 19 thousand form the project capacity. This is the first time that the company reaches such results.…Details
In 2017 Uralelectromed produced 44 tons of tellurium with the purity of 99.95%, up by 2.5% YoY.
Moreover, for the first time the company produced 130 kg of 99.999% tellurium.
UEM commissioned the tellurium production site in 2013.
The cost of the project was 105 million rubles. (Ukrainian metal)
In 2017 Evraz NTMK decreased air pollution by 3.7% YoY. Last year the company repaired dust exhaust systems at major divisions, including at three ladle furnaces in the converter shop, foundry shops and slurry utilization site. The modernized machine of dry coke quenching was put into operation in the by-product coke shop. The project will…Details
Evraz ZSMK has for the first time sold a batch of 54 E1 rails weighing 1650 tons to Greece. The rails will be used to expand the Athens subway. “The strategic goal of Evraz is to become a serious player on the European market of railroad transportation. We are counting on the further development of…Details
Vladimir Potanin’s Interros Holding has offered Crispian Investments Ltd, affiliated with Roman Abramovich and his partners, to buy its share in Norilsk Nickel.
Interros already has 30.3% in Nornickel. Rusal owns 27.8% and Crispian Investments – 4.95%.
The cost of the shares that Interros wants to buy is estimated at 90 billion rubles. (Ukrainian metal)
PJSC ArcelorMittal Kriviy Rih decided to support its employees, who served in ATO zone. Starting from this year, they can take a course on health improvement and therapy in the company’s healthcare center Dzherelo. They will be provided with the full remedial complex, accommodation in comfortable rooms and meals. The healthcare center is of general…Details
PJSC ArcelorMittal Kriviy Rih presented its investment activity during the meeting with regional deputies and representatives of German society for international cooperation GIZ. The seminar took place with participation of Consul-General of German Federal Republic Wolfgang Mössinger and Head of Dnipropetrovsk Regional Council Gleb Prygunov. Environment, infrastructure and trade became the main seminar themes. GIZ…Details
In 2017 Polyus received $1.241 billion of net profit, down by 14% YoY, or 72.191 billion rubles, down by 24.2%. Revenue grew by 11%, to $2.721 billion, EBITDA – by 11%, to $1.7 billion. In Q4 2017 Polyus net profit dropped by 28% QoQ, to $267 million, and corrected net profit by 19%, to $242…Details
The Titan Group of Companies intends to construct a plant to produce 36 thousand tons of silicon per year. The group will invest 1.5 billion rubles in the project, and 5.5 billion rubles more will be provided by the Eurasian Bank of Development over 10 years. In late May 2017 Titan started looking for a…Details
In January Zabaykalye region mined 1904.42 thousand tons of coal, down by 8% YoY.
10 companies are mining for coal in the region. The leaders are Razrez Tugnuysky, Razrez Kharanorskiy and Chitaugol LLC.
Two companies – Takecha LLC and Kutinskiy Razrez LLC – have not started mining. (Ukrainian metal)