The gold-mining company Vysochaishiy plans to produce 6.3-6.5 tons of gold this year (195-210 thousand ounces), up by 28% YoY. The increase will be achieved thanks to the putting in operation of the Ugakhan Mining and Processing Works in Irkutsk region and the first stage of Tarynsky GOK in Yakutia. As of 2016 the Vysochaishiy…Details
Severstal-Metiz has supplied a large batch of rebar threads for the construction of port Alyat in Baku (Azerbaijan) and the bridge over the Ural River in Kazakhstan.
The combined weight of the two batches is 2 thousand tons.
The 7-wire threads are used as rebars in ferroconcrete structures. (Ukrainian metal)
In June the largest VAT receiver among mining and metal companies was Azovstal Iron and Steel Works with 604.2 million UAH. According to the State Treasury Service, Mariupol Ilyich Iron and Steel Works received 505.9 million UAH, and Zaporizhstal – 272.1 million UAH. Then follows Poltava GOK (141.4 million UAH), Evraz DMZ (127.3 million UAH),…Details
Kyrgyzstan should not bear losses from gold processing enterprise Altyn-Ken, the member of the Association of Mining Industry Duishenbek Kamchybekov said at a round table. According to him, the share of Kyrgyzstan from gold processing at this enterprise is 40%, and 60% is the share of the Chinese company. The enterprise was built to process…Details
The state enterprise Selidovugol has concluded two contracts with Contest System LLC on the delivery of conveyors valued at 101.6 million UAH. By April 2018 the “Ukraine” mine will have received 6 conveyors, produced by the Krasnoarmeysk works “Promyshlennoye oborudovaniye” LLC and “Company “Profit Invest” LLC. The volume of the transaction is just 0.1% below…Details
In January-June Zapadnaya Coal Company LLC (ZUK), developing the Krutoyarsky site of the Konstantinovskoye deposits in Sakhalin, mined 280 thousand tons of coal. In H1 2016 the company mined 106.314 thousand tons of coal, and 274.176 thousand tons in 2016. This year ZUK intends to mine a total of 450 thousand tons of coal. (Ukrainian…Details
Mikhail Ispolov has been appointed the CEO of OMZ-Spetsstal, and he would also work as the deputy manufacturing director of OMZ.
Ispolov replaced Serge Yeroshkin, who has been the OMZ-Spetstal CEO since 2012.
The new director will have to increase manufacture efficiency, decrease expenses and improve product quality. (Ukrainian metal)
The Kapitalnaya mine (previously mine named after Stakhanov) of the state enterprise Mirnogradugol (previously Krasnoarmeyskugol) has put into operation the fifth northern long face. The reserves of the long face are estimated at 510 thousand tons of coal, or 1 year of operation. Investments in the long face totaled 138 million UAH. In autumn the…Details
In May railroad transportation of ferrous metals decreased by 3.3% YoY, to 5.9 million tons. From the beginning of the year the railroad transported 29.8 million tons of ferrous metals, down by 0.4% YoY. Ferrous metals exports to Italy decreased by 30%, to Spain by 75% and to Egypt by 60%. At the same time,…Details
Mechel shareholders at the annual meeting decided to spend 1.426 billion rubles to pay dividends for 2016 (10.28 rubles per premium share). Thus the company will spend 20% of its 2016 profits on dividends. In 2016 Mechel for the first time received profit of 7.1 billion rubles. Last time Mechel paid dividends in 2011: 31.28…Details
Stoilensky, part of NLMK Group, has produced its three-millionth ton of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was recognized as the 2016 Event of the Year in the Russian steel industry by experts at the Metal-Expo’2016 international exhibition. The plant has a design…Details
In January-June Zaporizhstal, one of the largest taxpayers of Zaporozhye region and Ukraine, produced 1.582 million tons of rolled metal, down by 8.9% YoY. Steel output decreased by 4.8%, to 1.893 million tons, pig iron – by 9.7%, to 1.67 million tons. In June Zaporizhstal produced 276.1 thousand tons of pig iron, 306.1 thousand tons…Details
In January-June Ukraine produced 9.641 million tons of steel, down from 11.916 million tons in H1 2016. Pig iron output dropped from 11.92 million tons to 9.404 million tons, rolled metal – from 10.512 million tons to 7.857 million tons. In January-May steel manufacture decreased by 17.7% YoY, to 8.708 million tons, pig iron –…Details
In January-June Ukraine produced 5.037 million tons of bulk coke, down by 22.5% YoY. In particular Avdiivka Coke and Chemical Works decreased output from 1.468 million tons to 1.272 million tons, Alchevsk Coke and Chemical Works – from 900 thousand tons to 125 thousand tons, Makeevkoks – from 503 thousand tons to 127 thousand tons,…Details
In January-June Ukraine produced 505.9 thousand tons of steel pipes, up by 27.46% YoY. Niko-Tube increased output from 95 thousand tons to 141 thousand tons, Nizhnedneprovsk Pipe-Rolling Works – from 74 thousand tons to 125 thousand tons. UTiST produced 1.4 thousand tons of pipes, up from 1.3 thousand tons, Centravis – 9.1 thousand tons, Khartsyzsk…Details
In Q1 Metinvest doubled its investments into capital construction YoY, to $103 million. The mining segment accounted for 71% of investments (46% in Q1 2016), while metal segment –28% (52%). The main investments at Mariupol Ilyich Iron and Steel Works include the construction of the continuous casting machine No. 4 and the reconstruction of the…Details
Vladislav Solovyov, CEO of UC RUSAL, has suggested Economic Development Minister Maxim Oreshkin study a support program for large industrial power consumers that will stimulate industrial production and boost the gross domestic product (GDP). According to Solovyov’s calculations, industrial consumers pay for excessive power generation, grid capacities, and many types of cross-subsidization with the payments…Details
The management of the Vysochaishiy public joint-stock company has decided to distribute 6.378 billion rubles of net profit for 2016. 2.308 billion rubles will be sent to the development fund, of them 1.63 billion – for construction, 108.333 million rubles – for prospecting, and 1.793 billion – to cover losses of the previous years. 46.8…Details
This year Stangold LLC is working under one license only and washes for the alluvial gold at the Sirik creek valley. So far the company has obtained only 22 kg of gold, down by 2 kg YoY. The target for this year is 50 kg of gold. But the company expects to get up to…Details
In January-June Uglegorskugol LLC mined 17.733 thousand tons of coal at its Central site of the Solntsevskoye deposits. In H1 2016 the company mined 148.664 thousand tons of coal, with 337.473 thousand tons mined in the whole 2016. The decrease of the output is connected with the thinning of the licensed sites. The company has…Details
Beloretsk Iron and Steel Works has passed the audit of rebars wire and threads for the correspondence of the Slovakian norms of construction products. The certificate will allow the company to increase product range supplied to Slovakia and the number of customers. In particular, the rebars wire with 5 mm diameter and rebars 7-wire threads…Details