In January-September Uskovskaya mine extracted 2 million tons of coal, including 1.7 million tons from the long face 50-20, and the rest from the face 50-22. When the face 50-22 is developed, the miners will turn to the long face 52-04. Next year the long face 48-8 will be commissioned. This is the fourth mine…Details
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Uralelectromed has produced elevator parts to transport people and rock into the mine. The order came from miners developing the Korbalikhinskoye deposit in Altai region. The parts are made of angles with the length of 12 meters and the size of 200×200 mm. So far UEM has produced three batches of parts. Until December the…Details
The physical volume of deals with gold on the Moscow Exchange fell by about 60% YoY, to 11.64 tons in January-September, the exchange said in a statement. Deals with silver more than doubled to 7.334 tons. In monetary terms, gold and silver deals amounted to 29.6 billion rubles, down from 76.1 billion rubles in the…Details
Nikopol Ferroalloy Plant has sued Privatbank demanding 22 million UAH, which have been paid by the company to the National Bank of Ukraine for the amicable agreement. The funds are Privatbank’s debts on refinancing. As the bank previously belonged to Igor Kolomoysky and Gennadiy Bogolyubov, the enterprises, affiliated with it, acted as bails. When the…Details
In July Russia exported 254.7 tons of tungsten ore and concentrate, down by 17.8% MoM, but up by 146.7% YoY. Deliveries to Austria remained unchanged at 60 tons, but to Korea dropped by 32%, to 126 tons. In 7 months exports totaled 1.2 thousand tons, up by 79.5% YoY. In monetary terms since the start…Details
Evraz KGOK has put a new NP-1 locomotive in operation. Until the end of the year another similar locomotive will be commissioned. The machines will be used both at the operating quarries and in the development of the new Sobstvenno-Kachkanarsky deposit of titanium-magnetite ores. The locomotive with two engine dump-cars can drag 11 loaded dump-cars…Details
Sberbank Leasing will lease special machinery to the international gold-extracting company Nordgold. Under the agreements, the company will finance the purchase of HD 785-7 quarry dump trucks and Komatsu PC2000BH-8 excavators. The machines will be supplied by Sumitek International LLC. The special machinery is needed to develop the Gross mine, the main Nordgold asset in…Details
In September RZD throughput totaled 106 million tons, down from 109 million tons in August and 108 million tons in July, as well as down by 1% YoY. In 9 months throughput decreased by 0.9%, to 956.6 million tons. Iron and manganese ores accounted for 89.2 million tons, up by 3.2% YoY. Transportation of ferrous…Details
Interpipe and BelAZ have concluded an agreement on strategic partnership, which presupposes that the cooperation between the companies in railroad wheels sphere in 2019-2020 will be expanded. In particular, under the agreement the companies intend to increase railroad wheels deliveries from Ukraine to Belarus to 6 thousand pieces in 2019 and to 20 thousand pieces…Details
In September Zaporizhstal decreased pig iron output by 2.7% YoY, to 375 thousand tons. Steel manufacture dropped by 3.3%, to 341 thousand tons, and rolled metal – by 6.1%, to 277.8 thousand tons. In 9 months pig iron output decreased by 3%, to 3.22 million tons, steel – by 2.8%, to 3.032 million tons and…Details
The shareholders of the Russian coal producer Raspadskaya have approved paying 2.5 rubles per common share in dividends for January-June, the company said in. The record date was set for October 20. The company said in March that it could start paying dividends at a net debt/EBITDA (earnings before interest, taxes, depreciation and amortization) ratio…Details
As part of the investment project between Uzbekistan’s State Committee for Geology and French Orano Group, it is envisaged to attract foreign direct investment at the initial stage of up to $20 million and about $150 million if a commercial field is discovered, representative of Orano Group reported. Orano have decided to create a joint…Details
Following the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…Details