The Russian central bank has held several gold deals on the Moscow Exchange since the start of the year, Larisa Selyutina, director of the securities and commodities department of the authority, said at a conference on March 6. “The Central Bank of Russia puts bids daily on the order book, but there were only a…Details
The administration of the Chinese city of Hejin decided to explore coal reserves of Ekibastuz. A delegation from Hejin visited the city of Ekibastuz, Pavlodar region. As it turned out, the coal of Ekibastuz is attractive for Yangguang Company that deals with coal conversion. Last year the Chinese city was twinned with the coal capital…Details
The DCH Group of Alexander Yaroslavsky, owner of the Kharkiv Tractor Works, Sukhaya Balka and Dneporvsky Iron and Steel Works, intends to get a synergy effect of the cooperation of its three assets. “We will try to reach synergy, as DMZ produces metal, and KhTZ consumes a lot of metal. DMZ also consumes Sukhaya Balka…Details
The members of the Kirovograd regional council have allowed the Petro-Consulting LLC to mine for lithium in the Dobrovelichkovka district. The company has promised to carry out some investment projects: repair the school, build the blow well for the school, repair two medical premises, etc. According to the company, lithium mining will be carried at…Details
In 2017 Norilsk Nickel received $9.1 billion of revenue, up by 11% YoY, mostly because of the metal price growth. EBITDA grew by 2%, to $4 billion. The company net profit totaled $2.1 billion, down by 16% YoY. Capital investments increased by 17%, to $2 billion. Nornickel net debt as of late 2017 grew to…Details
Severstal – Bar Works Balakovo has mastered the manufacture of a new product – round bars of DC01 steel with the diameter of 10 mm. The manufactured hot-rolled metal fully corresponds to STO 00186217-023. This metal is used by Severstal-Metiz to produce cold-rolled sections. “The DC01 steel grade will allow us expanding our product range,…Details
MMK is carrying out a project to process slurry at the crushing factory No. 5. The idea to process slurry originated 15 years ago. The company specialists found out that slurry pond contained iron concentrate. In 2015 it was decided to develop this direction. The slurry pond reserves are estimated at 14 million tons. It…Details
Severstal has modernized the 2000-mill in the machine-building center Tyazhmash shop. “The investment project estimated at over 48 million rubles will increase the press efficiency, improve the product quality and decrease its prime cost”, Severstal Russian Steel CEO Vadim Germanov noted. After modernization the precision of forgings increased, as tolerance dropped from 10 to 3-5…Details
Belarus Iron and Steel Works had to shut down its manufacture because of the fire. The fire broke out on March 5 in the electric arc furnace shop No. 1. 30.6 thousand meters of electric cable insulation was damaged. Fortunately, there were no casualties. According to the company press service, the fire was the result…Details
Russia’s gold production rose about by 6.8% YoY, to 317.660 tons in 2017, Sergei Kashuba, chairman of the Union of Gold Producers of Russia, said on March 6. Gold producers raised their output by 6.4%, to 254.216 tons in 2017, while by-product gold production gained 11.6%, to 16.459 tons, gold scrap production went up by…Details
The cost of gold decreased by 5.53 manats (0.25%), to 2249.9633 manats per troy ounce in Azerbaijan on March 6, according to the data published by the country’s Central Bank. The cost of silver decreased by 0.6%, to 27.9995 manats per ounce, platinum by 0.6%, to 1637.2983 manats, and the cost of palladium decreased by…Details
AzovElectroStal (Mariupol) asks the Ministry of Ecology to allow it operating without a gas filter. The company is asking for a term of 7 years, within which it will take all the required environmental measures. The locals are against. In 2014-2017 the company was not operating, and the number of employees dropped from 6 thousand…Details
The Novogrodovskaya 1-3 and Rossiya mines have been sold to a new owner. According to the sources, Valery Atanov, a businessman from Makeevka, represented Eduard Bondarenko, chairman of Donbassenergo, who confirmed his relation to both mines. “By July we are prepared to put a new long face into operation at Novogrodovskaya , which will provide…Details
The Volgograd-based Spetsmetall-Volga has filed a claim to the Arbitrary Court of the Volgograd district asking to declare the Volgograd machine-building company VgTZ LLC insolvent. Because of the large debt the company, which is a part of the Tractor Works concern, could be declared bankrupt by the court. The debt amounts to 1 million rubles.…Details
A new shift of 39 drillers has arrived at Dixon.
They will be responsible for the second stage of prospecting at the Reka Lemberova site.
The site is close to another site, where in 2016 the Malolemberovskoye deposit was discovered.
In 2017 VostokUgol obtained a license for coalmining there. (Ukrainian metal)
Dalnevostochnie Resursy (Far East Resources), extracting gold on the territory of Ulchinsk and Nikolayevsk districts of Khabarovsk territory, has begun preparations to the washing season. The season will start on April 25 – May 9, depending on the weather conditions. In 2016 the company obtained 1140 kg of gold, and last year – 1100 kg.…Details
A Group is expanding the territory of its activities and is opening a subsidiary in the city of Bryansk. The goal of the subsidiary will be to stock and supply pipes and rolled metal of the major Russian manufactures to the customers in the Bryansk and nearby regions. The size of the warehouse allows stocking…Details
The electricity supplier Chitaenergosbyt has cut the manufacturing premises of Ulan-Udestalmost from electric grid because of the debt in the amount of 41 million rubles. Only the boiler house of the enterprise receives the electricity, as it provides the nearby city districts with heating. This year the company intends to produce some 9.8 thousand tons…Details
Izhorsky Pipe Works has won a competition to supply large diameter pipes to Gazprom with the total volume of 165 thousand tons. The pipes will be used to develop gas transportation pipeline in the Northwestern region. Under the contract the company will produce 1420 mm diameter pipes of K60 steel with the wall thickness of…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Leader-Agro KR LLC the delivery of scrap valued at 1.96 million UAH. This year the company will have to deliver 191 tons of manganese scrap at 10275 UAH per ton to the city of Zheltie Vody. The scrap will be paid for within 2 months…Details
Police has started investigating the accident resulting in the death of an ArcelorMittal Kriviy Rih employee.
On March 3 the roof of the converter shop under repair collapsed, killing one person.
On March 4 the body was found.
The person killed was born in 1992. (Ukrainian metal)
In 2017 Susumanzoloto received 1.816 billion rubles of net profits, down by 28.4% YoY. Revenue grew by 29.9%, to 12.925 billion rubles. Sales profit dropped by 15%, to 2.474 billion rubles. Last year the company sold 5415 kg of gold, up by 47.1% YoY. As of December 2017 Susumanzoloto had 49 licenses. Its estimated C1…Details
Chelyabinsk Iron and Steel Works has produced rolled metal for the construction of the petrochemical complex ZapSibneftekhim in the city of Tobolsk. The company has supplied a batch of beams and steel sheet to the construction site. Beams and sheets were manufacture of 09G2S steel. Products of this steel grade could withstand the temperature range…Details
In 2017 Uralelectromed produced 378.4 thousand tons of copper cathodes, up by 10.3% YoY. Silver ingots manufacture grew by 17.4%, tellurium – by 10% and blue stone – by 49.5%. At present the company is busy constructing the second stage of the copper electrolysis shop. The capacity will increase to 400 thousand tons. Last year…Details