Dobropolskaya mine has commissioned the first new long face this year. On February 20, the miners descended to the site No. 1 of the long face No. 4. The shaft has enough coal for 11 months of operation – some 430 thousand tons. DTEK invested 50 million UAH in the long face. In March DTEK…Details
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In January Ukraine increased pig iron exports by 25% YoY and by 58.7% MoM, to $95.083 million. According to the State Fiscal Service, imports dropped by 74.3% YoY and by 88% MoM, to $0.009 million. The main customer in January was the US ($60.65 million). In 2018 Ukraine exported $1.052 billion worth of pig iron,…Details
Evraz NTMK has chosen suppliers of the main machinery for the modernization of its blast furnace No. 6. Investments in the project total $150 million. The main machinery will be supplied by Paul Wurth S.A. Electric equipment will be supplied by Primetals Technologies. “The modernization of the blast furnace No. 6 will allow us producing…Details
On February 22 Pravourminskoye LLC was accepting offers for its BO-01 bonds valued at 3 billion rubles. The placement of 10-year bonds is scheduled for February 27. The maturity date is March 31, 2028. The value of each bond is 1 thousand rubles. In December 2012 the company placed 7-year bonds valued at 3 billion…Details
Yuzhniy Kuzbass has mined 50 million tons of coal since it put the Olzherasskiy pit into operation. The coal extraction at the pit started in September 1980. Its reserves are estimated at 72 million tons. At present the company is developing two sites – Berezovskiy and Berezovskiy-2. (Ukrainian metal)Details
This year the Novaya extracting team, which develops deposits in Yakutia, intends to extract 150 of gold. Last year the yield was 224 kg, up by 4 kg from the target. In 2019 the company will be developing two sites – Nizhnyaya Amunakta and Tangrak. In 2017 the team extracted 382.6 kg of gold. (Ukrainian…Details
Chelyabinsk Iron and Steel Works has successfully passed the audit by Rosatom and has been included in the database of stainless sheet suppliers. The auditors inspected the technological line of the rolled stainless steel manufacture: from raw materials preparation to ready-made products shipping. “Last year we were selling stainless steel for the manufacture of tanks…Details
The prices of precious metals decreased on February 22. The price of gold dropped by 26.6645 manats, to 2,251.854 manats per ounce compared to the price on February 21. The price of silver fell by 0.3681 manats, to 26.9017 manats per ounce. The price of platinum went down by 1.1475 manats, to 1,404.659 manats, and…Details
In 2018 Russia produced 314.42 tons of gold and 1119.5 tons of silver, up by 4.2% and by 7.2% YoY respectively. Most of the gold produced is purchased by the Central bank. Last year it bought 8.8 million ounces of gold (273.7 tons). (Ukrainian metal)Details
Since the start of the year and as of February 18, the largest coal miner in Sakhalin – Solntsevsky Coal Pit LLC has extracted 900 thousand tons of coal. The enterprise is operating at the Solntsevskoye deposit. Extraction is carried out at two sites – Yuzhniy-1 and Yuzhniy-2. This year the company intends to mine…Details
In 2018 Russian Copper Company increased copper cathode output by 6% YoY, to 216 thousand tons. According to the group president Vsevolod Levin, Mikheyevsky Mining and Processing Works was able to increase copper extraction to 92%. Karabashmed increased raw copper output by 12%, to 139 thousand tons. Copper content reached 99.2% with the target of…Details
Metalmeistars now has the largest optic-fiber laser cutting machine. The unique machine has been made by Bystronic (Switzerland). The price of the machine is around 1 million euro. Its size is 6.25 x 2.5 meters. “Now we can make larger parts. Even though the new machine is larger, it consumes less electricity than the old…Details
In order to decrease the shadow economy on the scrap market, the income tax of the population has to be decreased from the current 10% to 5% for private entrepreneurs. The Latvian association of waste procurement has voiced this to the Ministry of Finances. At present the higher tax does not allow Latvian companies to…Details
The state enterprise Lvivugol has concluded 7 agreements on the delivery of pit-props made of fir valued at 25.2 million UAH. The company announced 12 purchases, but only 7 agreements were concluded. The Sokal subsidiary of the forestry enterprise Galselles has received two orders valued at 8.7 million UAH. The company will supply almost 5…Details
Volnogorsk Mining and Processing Works has concluded an agreement with Energy Trade Group LLC for the delivery of electric energy valued at 189.14 million UAH. In March-June the company has to supply 96.5 million kW-h valued at 1.96 UAH per kW-h. This is 5% cheaper than the December 2018 price from DTEK Trading (2.06 UAH).…Details
The State commission on reserves has positively assessed the report on the reserves of the rare-earth metal raw materials at the Chuktukon deposit. The deposit is situated in the Krasnoyarare earthrsk region. The prospecting work was carried out in 2014-2018. According to the report, the reserves of the deposit are as follows: rare earth trioxides…Details
The Arbitrary court of the Sverdlovsk region has ordered Russkiy Chrome 1915 to pay 13.8 million rubles for the damage done to the environment. The fine was imposed in 2017. The defendant asked to decrease the fine, as it had partially paid it. But the court ruled fr the complete Russkiy Chrome payment. (Ukrainian metal)Details