SL Zoloto, a joint venture between Polyus and Rostec-Business Development, has initiated a 180,000-meter survey drilling program at Sukhoi Log, the biggest gold greenfield project, in Russia’s Irkutsk region, Polyus said in a statement on November 21. “The campaign, which is scheduled to last for two years, will provide the basis for Polyus to update…Details
The ex-director of the state enterprise Volynugol will pay for the damages done to an employee by illegal firing. According to the Novovolynsk city-district court, the claim of the regional prosecutors has been granted. Now the state enterprise, represented by its ex-director, has to pay 24.5 thousand UAH to the employee as the average salary…Details
The ChTPZ Group has started producing a new type of long pipes of stainless chromium-nickel steel with the diameter of 20 mm, wall thickness of 2 mm and the length of 18-20.3 meters. The manufacturing process is organized at Pervouralsky Pipe Works. The first batch of pipes with the combined length of 24 thousand meters…Details
In January-September the gold-mining company Vysochaishiy received 2.3 billion rubles of net profit, down 2-fold YoY. Revenue dropped by 28.1%, to 7.37 billion rubles. Gross profit fell 1.6-fold, to 3.9 billion rubles, sales profit – 1.8-fold, to 3.37 billion rubles. In 2016 Vysochaishiy produced over 5 tons of gold, including 4.8 tons in Irkutsk region.…Details
UGMK-OTsM has presented a new product on the Russian market – the Cu+ antimicrobial copper. The company has already sold the first batch of rolled Cu+. The Moscow-based Delis Food company purchased 2 tons of M2 copper foil with the size of 0.05×500 mm according to GOST 1173-2006. Delis Food has started work to obtain…Details
The second stage of the rolling complex project at Kamensk-Uralsky Iron and Steel Works is in full swing. So far 42 ingots have been rolled and the first batch of hot-rolled plates (thickness of 150-250 mm and length of 10-26 m) of aluminum alloys has been produced. The quality of the rolled metal meets ASTM…Details
In January-October Zabaykalye region produced 1247.5 tons of tungsten concentrate, down by 14% YoY. In October output totaled 88.8 tons. The decrease is connected with the drop of tungsten contents in ore. 2 enterprises mine for tungsten ore in the region. Novoorlovsky Mining and Processing Works provides for 96% of the output, while Bom-Gorkhonsky Mine…Details
In January-October Chukotka Autonomous District mined 400.8 thousand tons of coal, up by 83% YoY.
Of this volume, Shakta Ugolnaya provided 178.3 thousand tons, down by 19%.
The second largest miner in the region is Beringpromugol LLC, developing the Fandyushkinskoye deposits since December 2016. This year the company has mined 222.5 thousand tons. (Ukrainian metal)
In January-September Ksenievsky Priisk received 372.3 million rubles of net profit, down by 3% YoY.
Revenue increased by 14% YoY, to 1.729 billion rubles. Sales profit reached 493.4 million rubles, up by 9%.
In 9 months the company mined 800 kg of gold. (Ukrainian metal)
Raspadskaya has fulfilled its annual coalmining plan in advance. The company has yielded 5.528 million tons of coal so far. At present the mine is preparing and developing 11 sites. The mining is carried out at the 4-10-29 long face; in late September the 4-6-33 long face with the reserves of 3.5 million tons of…Details
Bratsk Aluminum Works has been named among the best enterprises of Irkutsk region in 2016. “This award is deserved. Bratsk Aluminum Works is a responsible employer; our collective agreement has been named the most efficient in the industry. The company is also a reliable partner of the regional authorities in social issues”, BrAZ managing director…Details
The rail and beam shop of Evraz NTMK has started producing a new type of rolled metal – the 40P channel. At present Evraz NTMK is the only producer of such a channel in Russia. The new hot-rolled channel is made of steel to order, including of 09G2S stainless steel, which can be used in…Details
The world demand for aluminum in 2017 will grow by 5.9% YoY, to 63.1 million tons, because of the improvement on markets outside of China by 3.9%, to 29.3 million tons, and in China – by 7.7%, to 33.8 million tons. According to Rusal forecasts, shortage will total 1.1 million tons of aluminum, up from…Details
Metinvest-Resource LLC and ArcelorMittal Kriviy Rih have won at three auctions on the sale of Ukrzaliznytsia scrap. In particular, Metinvest-Resource purchased 15 thousand tons of bulk scrap for 102.27 million UAH, or 6818 UAH per ton. The initial price was 94.2 million UAH, or 6280 UAH per ton. AMKR won two auctions – 7 thousand…Details
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has supplied dynamo steel to the Joint Institute for Nuclear Research (based in Dubna) for the construction of a unique accelerator complex in Russia, a NICA collider (Nuclotron-based Ion Collider Facility). The international NICA complex mega-science project is aimed…Details
The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of motor fuel valued at 8.45 million UAH.
The company has to supply fuel to the Novogrodovskaya, Kotlyarvskaya, Ukraina and Kukharevskaya mines within 5 days from the date of the order.
The agreement is valid through September 2018. (Ukrainian metal)
The state enterprise Vostochniy Mining and Processing Works has concluded an agreement with Ukrzaliznytsia on transportation valued at 98.92 million UAH. The company will provide services of transportation in various railroad cars locally and abroad by the end of the year. The price of the services corresponds to the prices of the agreement signed between…Details
Russian company NGK Resurs plans to invest 2.2 billion rubles in creation of a gold production facility at the Polyanka site, which was on November 19 included in the Nikolayevsk advanced development territory in the Khabarovsk region. According to the regional government statement on November 20, NGK Resurs plans to launch the facility in 2018,…Details
The State Committee of Industry, Energy and Subsoil Use has repeatedly put up for sale the Aksai limestone deposit, its website reported. According to it, the tender commission has set a value for the right to use the subsoil of the facility in the amount of at least $1 million. In addition, one of the…Details
In January-September Kyrgyzaltyn transferred over 459.51 million soms to the budget in the form of taxes and deductions, press service of the company reported. It is noted that 84.34 million soms were paid to the Social Fund and 375.17 million soms – in the form of taxes and dividends. In 2017 the company has also…Details
Revenue of the public stock company VSMPO-Avisma Corporation for 9 months of 2017 decreased by 1.4%, to RUB 55.115 billion from RUB 55.89 billion the year before, the company informed. The lower revenue is primarily attributable to the Russian ruble strengthening and a related reduction in the ruble equivalent of export revenue (the share of…Details
Pakistan intends to purchase 150,000 tons of coal per year from Uzbekistan as soon as the modernization of the Uzbek Shargunkumir JSC finishes, Shargunkumir JSC Director for Future Development, Investment and Capital Construction Sattor Saidov reported. He added that currently the company was not able to provide Pakistan with demanded quantity of coal because the…Details
Kazakh Aktobe Rail-Belt Plant LLP (ARBP) and Russian Railways signed an agreement on supply of 7,500 tons of R65 rails to Russia. The agreement was signed by the Head of Kazakhstan Railways Kanat Alpysbaev and the President of Russian Railways Oleg Belozerov at the 19th meeting of the Kazakhstan-Russia intergovernmental commission for trade and economic…Details
Seligdar will construct a mining enterprise on the basis of Samolazovskoye gold deposits in Yakutia. The estimated volume of investments will be 400 million rubles. The project will create some 100 jobs. The deposits are situated in the Aldansky district. C1 and C2 reserves of the primary ore for open-pit mining amount to 7282 kg.…Details