In January-November Priisk Solovievsky extracted 2933.9 kg of gold on the territory of Amur region, down by 2.2% YoY. 1992.9 kg accounted for alluvial gold, and the rest (941 kg) for ore gold from the Solovievsky deposit. In 11 months of 2017 the company extracted 2999.4 kg of gold, including 2055.2 kg of alluvial gold…Details
In 2019 the Fund of pipe industry development expects pipe consumption in Russia to grow by 1% YoY, while output will increase by 4%. OCTG pipes segment will grow by 4%, oil and gas pipes – by 2%, and construction and industrial pipes by 1%. In 2018 the volume of boring all over Russia increased.…Details
The Pipe Metallurgical Company has for the fist time shipped a batch of casing pipes with the diameter of 244.48 mm of the L80 strength group with TMK UP PF joints to Sakhalin Energy Investment Company Ltd. The pipes have been successfully unloaded at the Astokhskoye deposits in the Sea of Okhotsk. The order has…Details
Chelyabinsk Iron and Steel Works and Mechel-Coke have been switched to a special mode of operation to decrease pollution under unfavorable weather conditions. In particular, ChMK has shut down its 125-ton electric arc furnace, one furnace in rolling shops Nos. 1 and 4, two crushers, etc. The manufacture in the rolling shop No. 4 has…Details
In January-November Ukraine exported 823.45 thousand tons of ferroalloys valued at $899.895 million, down by 3.2% and by 11.4% YoY respectively. According to the State Fiscal Service, the main importers were Turkey (17.37%), Italy (14.99%) and the Netherlands (13.7%). At the same time Ukraine imported 51.24 thousand tons of ferroalloys valued at $148.9 million, down…Details
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