Alexei Raychev has replaced Sergey Sivtsov as chairman of the commission on the state enterprise Mine named after Surgay reorganization. Until 2018 Raychev has been the director of the state enterprise Krasnolimanskaya Coal Company. Sivtsov has been fired some hours after he has concluded an agreement to supply coal from the state mine to the…Details
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Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…Details
Reclamation of uranium tailings in Mailuu-Suu will begin in September-October, representative of the European Commission Pascal Daures reported. According to him, all the preparatory work within EU Programme “Environmental Remediation in Central Asia” has been completed. The European Bank for Reconstruction and Development will begin holding tenders and signing work contracts in September. As Pascal…Details
In April Russia imported 15.7 thousand tons of copper ore and concentrate, down by 68.7% MoM and by 64% YoY. The price in April dropped by 9.6%, to $1222 per ton. In 4 months copper ore imports decreased by 22.6% YoY, to 153.4 thousand tons. But in monetary terms they grew by 11%. (Ukrainian metal)Details
In April Russia exported 22.8 thousand tons of zinc ore and concentrate up by 136.6% MoM and by 54.7% YoY. In 4 months exports grew by 9.9% YoY, to 87.8 thousand tons. Since the start of the year exports fell by 10.7% in monetary terms. (Ukrainian metal)Details
The acting governor of Bashkortostan Radiy Khabirov and the CEO of UGMK-Holding LLC Andrey Kozitsyn have signed an agreement of intent to carry out an investment project to construct a mine with infrastructure and develop the Podolskoye copper-zinc deposit. The first stage is expected to be commissioned in 2026. Investments will amount to 50 billion…Details
Since the start of the year Evraz NTMK has mastered the manufacture of several new types of shaped rolled metal. In particular, the beam shop has produced the first batch of new NE200 beam according to EN 10365-2017, and the rail and beam shop – equal angle No. 20 according to GOST 8509-93. The NE…Details
In January-April the consolidated throughput of Nakhodka Sea Trade Port terminals totaled 46.636 million tons, up by 0.3% YoY. Ferrous metals and pig iron accounted for 4.571 million tons, up by 3.4%. Non-ferrous metals throughput dropped by 21.2%, to 0.292 million tons. Iron ore indexes grew by 33.5%, to 0.969 million tons. (Ukrainian metal)Details
Precious metals producer Polymetal International hopes to obtain licenses for survey at three gold-containing fields on Russia’s northernmost Taimyr Peninsula, CEO Vitaly Nesis reported. In April, Polymetal set up a debut strategic partnership with a junior company to organize exploration on the peninsula, with a shareholding of 70%. “We have a joint venture with a…Details
A consortium led by Fosun International Ltd. is in talks to acquire a majority stake in GV Gold, a Russian gold miner backed by BlackRock Inc., Bloomberg reported, citing people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co. for a joint offer, the people said, asking not…Details
ArcelorMittal Kriviy Rih has received the third locomotive this year modernized by Nikolayev Locomotive-Repair Plant. 4 more machines are expected in August-October. And three will be sent for repairs in late June. Thus, in 2019, 11 locomotives will be repaired this year, up almost 2-fold YoY. “But for the fleet of 126 machines, which service…Details
Magnitogorsk Iron and Steel Works (MMK) shipped 181,070 tons of long products to consumers in May, which was a record figure of monthly shipments of this type of product since the launch of the existing units of the long shop. The previous record figure was 172,000 tons of long product shipments, which was reached at…Details
Magnitogorsk Iron and Steel Works (MMK) took fifth place in the global 2019 Value Creators rankings among metals companies with the highest return on investment, compiled by international consulting company Boston Consulting Group. The rankings’ methodology is based on total shareholder return (TSR) generated in the past five years. Five-year TSR for MMK shareholders from…Details