Mining and metallurgic company Norilsk Nickel plans to make a final decision on its participation in development of the Baimskoye field in Russia’s northernmost Chukotka Autonomous District until the end of 2017, Vice President Yelena Bezdenezhnykh reported on the sidelines of the Eastern Economic Forum on September 6. “We have been evaluating the potential of…
DetailsIn January-August Ukraine imported $54.330 million worth of copper and copper wares, up by 50.9% YoY. According to the State Fiscal Service, copper exports went up by 72.3% YoY, to $81.779 million. In August copper exports totaled $8.959 million, and imports – $6.882 million. Nickel and wares imports dropped by 13.8%, to $50.664 million ($5.646…
DetailsIn January-August Ukraine increased ferrous metals export revenue by 16.2% YoY, to $5.48 billion. According to the State Fiscal Service, ferrous metals accounted for 19.93% of the total exports, down from 20.76% in January-August 2016. In August Ukraine exported $732.55 million worth of ferrous metals, up from $667.7 million in July. In 8 months Ukraine…
DetailsIn January-August Ukraine exported 25.78 million tons of iron ore raw materials, down by 5.4% YoY, valued at $1.74 billion, up by 54.2%. According to the State Fiscal Service, China (28.45%), Slovakia (11.04%) and Austria (11%) were the main importers of Ukrainian iron ore raw materials. In 8 months Ukraine imported 204.89 thousand tons of…
DetailsIn January-August Ukraine imported 11215.24 thousand tons of coal valued at $1685.139 million, including $212.998 million in August, up by 10% and by 86.8% YoY respectively. At the same time Ukraine exported 419.522 thousand tons of coal valued at $67.83 million, including $36.449 million to Russia, $25.746 million to Slovakia, $2.566 million to Turkey and…
DetailsTominsky Mining and Processing Works, a part of RMK, intends to start hiring employees in September. According to the company statement, the process presupposes hiring managers and specialists, as well as ordinary workers. This year TGOK will employ 60 people, bringing the total to over 100 employees. In 2018 the company will provide jobs for…
DetailsCherepovets Iron and Steel Works intends to increase sales of metal to clients who pay special attention to surface quality. For this the company will modernize its metal treatment shop No. 2. Investments will total 1 billion rubles. In particular, the company plans to expand the existing shop premises and assemble a number of mills…
DetailsZaporozhye Titanium and Magnesium Works has passed a certification of one of the largest Chinese consumers of titanium sponge – GoldSky. “Thus ZTMK has received the right to supply titanium sponge to GoldSky”, the company reported. The passing of certification of major world titanium buyers is a part of ZTMK sales market expansion program. “Thanks…
DetailsMintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…
DetailsIn August Ukrainian mining and metal companies received only 21% of the railroad cars they needed. “It’s still early to say about the improvement. There is still an irregularity in provision. As to the mining and metal companies, some of them get just 0-15% of the cars needed”, Ukrmetallurgprom president Alexander Kalenkov said. But since…
DetailsDTEK Energo has increased investments in development and modernization of its combined heat and power plants and mines. In January-August the group invested 3.6 billion UAH, up by 80% YoY. In particular, investments into DTEK Pavlogradugol and DTEK Dobropolyeugol totaled 2.9 billion UAH. This allowed increasing output of gas coal, which is supposed to completely…
Details“The agreements of Centerra and the government of Kyrgyzstan will have a good impact on the investment climate of the republic,” the head of the International Business Council Askar Sydykov said, commenting on the Cabinet’s statements on the agreement reached. “A detailed assessment of the agreements can be given when all of their details will…
DetailsThe minister of energy and coal industry Igor Nasalik says Ukraine is experiencing the shortage of gas coal to replace anthracite. In 2017 anthracite consumption dropped by 3.5 million tons and is expected to decrease by 3 million tons more in 2018. Nasalik has addressed the Ministry of finances to provide funds for investments into…
DetailsZaporizhstal is implementing the project on remechanization of its diesel-locomotive shunters. According to the company statement, this will improve the lifetime of its fleet comprising 80 locomotives. In August the works carried out a pilot project. Investments totaled 8 million UAH. The modernization of the locomotive has been carried out by Nikolayev Locomotive-Repair Plant. Modernization…
DetailsGV Gold has put into operation the Taryn Mining and Processing Works at the Drazhnoye deposits of Taryn ore field. Vysochaishiy acquired the license to operate at the Drazhnoye deposits in late 2012. The capacity of the first stage of the GOK is 700 thousand tons of ore per year. When it reaches its project…
DetailsZagorsky Pipe Works has successfully tested pipes with the new coating. Metalen PE-21 is the most promising development from Metalclay in pipe insulation. It is a single-layer polyethylene coating, which excludes the usage of an adhesive when applying external protection to the pipe surface. After all the technical conditions are included in the Gazprom Registry…
DetailsKyshtym Electrolytic Copper Plant is preparing to assemble new conveyers in the copper electrolysis shop. The transport lines will connect the current and additional electrolysis baths. The system will include 2 universal and 2 accumulative conveyers. The universal reverse transporters with the lifting capacity of 25 tons each will be used to move matrices, matrices…
DetailsIzhstal has completed capital repairs of its bars finishing line. The line is very important for the works as it provides for the high precision of the size and the highest quality of the metal surface. Products are supplied to the aviation, automobile, oil-and-gas industries, as well as machine-building. The line is used for external…
DetailsIn January-July Ferrexpo exported 5.87 million tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 4.705 million tons of pellets, while Yeristovo GOK – 1.165 million tons. At the same time Karelsky Okatysh exported 2.875 million tons of pellets, Mikhailovsky GOK – 2.148 million tons, Lebedinsky GOK (all three – Russia)…
DetailsRussian gold producer Polyus has started hot commissioning of a processing plant at the Natalka gold deposit in the Magadan region, the company said in a statement on September 5. “Following completion of the hot commissioning, the company anticipates that full production will be launched at Natalka before the end of 2017 as earlier guided,”…
DetailsDTEK is waiting for the arrival of two ships with anthracite from South Africa in the middle of September. “Each ship will deliver 75,000 tons of coal that is in short supply. Our thermal power plants – Kryviy Rih and Prydniprovska – would be able to generate enough electricity for Ukraine. These plants would help…
DetailsAzovstal Iron and Steel Works and Mariupol Ilyich Iron and Steel Works received the most VAT reimbursement in August. According to the State Treasury, Azovstal received 837.378 million UAH, Mariupol Ilyich – 558.834 million UAH, while ArcelorMittal Kriviy Rih – 426.475 million UAH. VAT reimbursement to all companies in August totaled 9.611 billion UAH. (Ukrainian…
DetailsIn January-July Ukraine sold 1.185 trillion UAH worth of industrial products (goods and services), up by 26.6% YoY. According to the State Statistics Service, in July mining and processing industry sales increased by 20.6% YoY, including exports – by 24.9%. Metal products accounted for 17.8% of sales, while mining and quarrying products for 14.9%. (Ukrainian…
DetailsChukotka has been decreasing gold output lately. The local authorities believe this is because of the thinning of gold deposits. In 2016 the region obtained 29.184 tons of gold, down by 9.17% YoY. “We are settling issues with new projects. We’re constructing electricity lines. We are prepared to work at the Kupol deposits, and at…
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