The country’s two giants, Bakyrchik mining enterprise and Sary Arka Copper Processing, are set to reach full production capacity. “The advanced mining enterprise using the latest equipment and technologies is set to produce 10 tons of gold concentrate an average per year. Realization of the project will let excavate gold ore within nine years and…Details
The employees of the Lesnaya mine in Chervonograd have announced an underground strike because of the salary debts. Since midday of December 10 miners of two shifts have remained underground. On December 6 the miners informed the management of the state enterprise Lvivugol about the possible strike. Since they have not been paid for October…Details
Metinvest is carrying out a process to liquidate Donetskkoks situated in the temporarily occupied territory of Donetsk region.
On December 27 the extraordinary meeting of the company shareholders will hear the liquidator’s report.
The decision to liquidate the company was taken by the Donetskkoks shareholders on March 29. (Ukrainian metal)
Russia’s gold production rose by around 3.4% YoY, to 243.06 tons in January-September, the Union of Gold Producers of Russia said on December 11 in a statement. Mined gold production increased by 3.4%, to 194.857 tons, while by-product gold production fell by 12.8%, to 11.689 tons, gold scrap production went down by 3.8%, to 25.103…Details
Gold and platinum prices decreased on December 11, while silver and palladium prices increased, according to the Central Bank. The price of gold dropped by 4.352 manats, to 2,119.2625 manats per ounce on December 11 compared to the price on December 10. The price of silver grew by 0.0076 manats, to 24.8204 manats per ounce.…Details
Raw copper and copper alloys exports in January-September dropped by 6% money-wise and by 17% volume-wise, all YoY. In 10 months Kazakhstan mined 85.5 million tons of copper ores, up by 5.4% YoY, 10.4 million tons of copper concentrate, up by 10.9%, and 4.1 million tons of copper-zinc ores, down by 1.7%. Kazakhstan is the…Details
The arbitrary court of Chelyabinsk region has received a claim from Zlatoust Electrometallurgical Works to Volgograd Iron and Steel Works Krasniy Octyabr.
The volume of the claim is over 3 billion rubles.
The details are not disclosed. (Ukrainian metal)
The minority shareholders of Belon demand MMK, owning over 95% in the company, to buy coal assets and not reorganize them. They also estimate the company losses at 10.7 billion rubles ($160 million). The reorganization was carried out in 2015-2017. The minority shareholders, who have filed the claim, hold 1.3% in Belon. MMK entered the…Details
Vismut has postponed the construction of a mining and processing works at the gold-ore deposit of Zheleznyi Kryazh in Zabaikalye region to 2019. The company intended to start constructing the GOK in late 2018. The reasons of the delay are not disclosed. At the same time, the company retains the license and is not planning…Details
The arbitrary court of Saratov region will hear the case of the Balakovo Metal Structures Works.
The claim came on May 22 from the Yaroslavl-based Remindustria.
On November 23 the claim was declared valid.
The court will sit on March 13, 2019. (Ukrainian metal)
Electrozinc has started shipping from its territory zinc concentrate, the unused raw materials because of the shut down of the enterprise due to the fire in the electrolysis shop on October 21. At the same time the company is also shipping clinker. The shipping is carried out from two warehouses of the roasting shop. Every…Details
Moscow Coke-Gas Works has shipped a trial batch of coke to India.
The first batch of 20 thousand tons was shipped in late October.
Mechel Carbon carried out the sale.
As the customer was satisfied with the products, soon 2 more batches totaling 30-40 thousand tons would be shipped to India. (Ukrainian metal)
In January-October the share of metals and metal wares in the overall exports from Russia was 10% (10.2% last year), in exports to far foreign countries – 9.6% (9.9%) and to the CIS – 12.9% (12.5%). According to the Federal Customs Service, the exports grew by 11.6% YoY volume-wise and by 25.4% price-wise. In particular,…Details
Rustavi Iron and Steel Works is forced to halt operation because of the dumping prices on the market. According to an attorney David Erbalidze, who is representing the interest of the company owners, the first blast furnace will be shut down soon. “One of the main reasons is the rebars imported from Iran at dumping…Details
Russian metals giant Norilsk Nickel plans to invest over $12 billion in production development over the next five years, CEO Vladimir Potanin said. “We are now implementing quite an unprecedented investment program: we are investing over $12 billion in development of production over the next five years. And what is important for many years we…Details
On December 10 rating agency S&P Global Ratings assigned the PJSC Magnitogorsk Iron & Steel Works’ (MMK) “BBB-/A-3” long- and short-term issuer credit ratings with Stable Outlook. In a press release S&P notes that its assessment of MMK’s creditworthiness incorporates MMK’s low-cost production profile, strong operating efficiency, significant share of high value-added products in sales,…Details
Sudan intends to allocate Belarus the second plot for gold mining near the Nile, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared ahead of the Belarusian-Sudanese summit talks in Minsk. “The site is located closer to the Nile River, and, according to the preliminary estimates, might be gold-bearing especially given the close proximity…Details
The state enterprise Selidovugol has ordered the Trading House Contract-Energo LLC a cutter-loader valued at 57.2 million UAH. Until September 2019 the company has to deliver an MV410 cutter-loader to the Kotlyarevskaya mine. The company will supply T Machinery A.S. (the Czech Republic) loader. The price of the agreement is 5% below the expected cost…Details
In January-November Ukraine increased revenue from the export of ferrous metals by 17% YoY, to $9.178 billion. Its share in the overall exports reached 21.22%. According to the State Fiscal Service, metal wares exports grew by 28%, to $1.024 billion (2.37%). At the same time Ukraine imported $1.3 billion worth of ferrous metals and $886.5…Details
In January-November Susumanzoloto extracted 5603.4 kg of gold with the plan being 5257 kg. The group enterprises are developing ore and alluvial gold sites in Magadan region and the Republic of Sakha (Yakutia). In particular, Drazhnik LLC yielded 1803.6 kg of gold, Chay-Urya zoloto LLC – 852.1 kg, Itkana LLC – 560.1 kg, Astra LLC…Details
Tikhvin Ferroalloys Works, a part of Yildirim Group, has transferred the exclusive rights to sell high-carbon ferrochromium in Russia to Klyuchevsky Ferroalloys Works, a part of MidUral Group. The high-grade ferrochromium is sold not only in Russia, but is also exported to Europe, USA, Japan and China. The new contract is an important step in…Details
On November 30 – December 6 the metal price index in Central region dropped by 2.17 points (or by 0.37%), to 587.65. Prices grew for hot-rolled sheet (by 0.39%) and for cold-rolled metal (by 0.26%). Rebars showed the most drop – by 1.71%, followed by beams (1.1%). Flat galvanized rolled metal lost 0.88% in price,…Details
In January-November Ukraine exported 320 thousand tons of scrap, down by 28.6% YoY.
In November exports amounted to 3.8 thousand tons.
At the same time deliveries of scrap to local metal plants grew by 17.4%, to 3.04 million tons in 11 months. (Ukrainian metal)
This year ArcelorMittal Kriviy Rih has started a program on large-scale repair of buildings and structures. According to the company press-service, the program will last for 3 years – 2018-2020. This year 265 million UAH have been invested in the program. Next year the expenses will amount to 165 million UAH, and during 3 years…Details
In January-November Ukraine mined 30.687 million tons of coal, down by 4.6% YoY. According to the Ministry of Energy and Coal Industry, coking coal output dropped by 14.2%, to 5.321 million tons, and power-generating coal by 2.3%, to 25.151 million tons. In November coal mining fell by 9.7% YoY, to 2.785 million tons. In 11…Details
Energomashspetsstal will produce 15 rotor rolls for wind plants with the capacity of 4.5 mW for Furlander Windtechnologie. “15 wind plants will be constructed near the city of Kramatorsk by Furlander Windtechnologie. The construction will last for 3 years”, the company said. The total weight of rolls will be 415.5 tons. They are scheduled to…Details