It is necessary to change the tax rates in the mining industry, the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting of the Security Council on Measures to Ensure Security in Subsoil Use Sphere in the Kyrgyz Republic. The head of state noted that taxes in the mining industry ranged from 15% to 50%…Details
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In January-September 2018 Kazakhstan exported 14.2 thousand tons of uranium valued at $699.1 million, down by 18.8% and by 17% YoY respectively. China accounted for 57% of exports – 8 thousand tons valued at $422.6 million. Canada imported 2.6 thousand tons at $108.2 million (18.2%) and Russia – 2.4 thousand tons at $113.6 million (16.6%).…Details
In 2019 Metinvest intends to transport over 74.2 million tons of cargo via railroad. In particular, the group plans to transport 12.5 million tons of ready-made products, 38 million tons of iron ore raw materials, 6.7 million tons of limestone, 11.1 million tons of coal and 3.7 million tons of coke and by-products. In 2018…Details
In 2018 Izhstal increased rolled metal output by 13% YoY, to 561 thousand tons. The primary mill-850 saw the biggest increase – by 31%, while the mill-450 – by 17% due to the growth in output of round bars with the diameter of 120 to 180 mm, and the mill-300 – by 27%. The manufacture…Details
One of the major metal enterprises of the Orenburg region – Svetly Ferronickel Works – is undergoing bankruptcy procedure. The bankruptcy claim was filed in October 2018. In three months the number of creditors has grown considerably, and the claims to the company increased from 350 thousand rubles to 825 million. The largest debt of…Details
Last year Kolmar had some large-scale events. In particular, it started constructing excavations of the Vostochnaya Denisovskaya mine with the reserves of 4 million tons of coal. Preparation works for the construction of a new 12-million ton Inaglinskaya mine have been completed. The Denisovskaya mine received new machinery: a Sandvik MC-430 combine, two Joy self-propelling…Details
Lebedinsky Mining and Processing Works, a part of Metalloinvest, has received three new BelAZ trucks with the lifting capacity of 220 tons. The dump trucks have been purchased under an investment program to renew machinery and increase the manufacturing efficiency. LGOK now has 11 such trucks. (Ukrainian metal)Details
Yeristovo Mining and Processing Works, a part of Ferrexpo, has purchased 200 open cars from the Kryukovsky Wagon-Building Works. Of these, in December 2018 EGOK received 50 and in January – 25. The rest will be delivered in February. Following this purchase the overall railroad car fleet of Ferrexpo now exceeds 2600 pieces. (Ukrainian metal)Details
A powerful explosion occurred on January 29 at the coal distillation shop of the Dneprovsky By-Product Coke Plant in the town of Kamenskoye. A gas and oxygen mixture exploded in the three-storey building, and the bitumen caught fire. As a result of the explosion 5 people got burns of various severity and were taken to…Details
In 2018 the volume of industrial output in Donetsk region (not taking into account temporarily occupied parts) grew by 2.2% YoY. In particular, coke output increased by 8.1%. At the same time metal manufacture dropped by 4%. Coal mining increased by 12.6%, to 11.8 million tons. Pig iron output dripped by 0.7%, to 8.2 million…Details
Russia: ММК to allocate 300 million rubles to relocate residents affected by accident in Magnitogorsk
The Chairman of the Board of Directors of PJSC Magnitogorsk Iron and Steel Works (MMK) Victor Rashnikov said that MMK would allocate 300 million rubles to relocate residents of the housing in Magnitogorsk that were affected by the accident on December 31, 2018. MMK has already donated around 100 million rubles to the victims, as…Details
Magnitogorsk Iron and Steel Works’ (MMK) hot-rolled products Mill 2000 achieved its maximum annual production rate in 2018, for the second time since its launch, breaking the 6 million ton mark for production of hot-rolled products. The previous record was set at the end of 2016, when the annual output of the mill reached 5.948…Details
Baikal Mining Company belonging to billionaire Alisher Usmanov will take a $1.4-1.45-billion loan from Russian banks to finish construction of a plant at the Udokan copper deposit, Chairman of the Board of Directors Valery Kazikayev said at a mining congress on January 29. “We have invested about $900 million of own funds, and three key…Details
Gold prices increased, while silver, palladium and platinum prices decreased in Azerbaijan. The price of gold grew by 1.904 manats, to 2,217.208 manats per ounce on January 29 compared to the price on January 28. The price of silver dropped by 0.0788 manats, to 26.7736 manats per ounce. The price of platinum fell by 7.327…Details
In 2018 the Sokolovsko-Sarbaiskoye Mining and manufacturing Enterprise, a part of ERG, increased iron ore raw materials (pellets and concentrate) output by 19% YoY, to 12.5 million tons. In particular, the enterprise produced 8 million tons of concentrate and 4.5 million tons of pellets, up from 6.6 million tons and 3.9 million tons respectively. (Ukrainian…Details
In 2018 Tajikistan mined 1.9 million tons of coal. 12 enterprises were involved in the process, developing 9 deposits. Shakhta Fon-Yagnob accounted for 46% of the total coal output, Talco-Resurs LLC – for 23% and Tajikistan Iron and Steel Works coal mining department – for 18%. 45 thousand tons were exported. Until 2012 the volume…Details
In 2018 Polyus produced 2436 thousand ounces of gold, up by 13% YoY. Ore processing grew by 33%, to 38025 thousand tons. The increase is due to Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity of 10 million tons of ore per year. Revenue increased by 7%, to $876 million. This…Details