Ukraine: prosecutors demanding Krasnolimanskaya Coal Company to pay 8 million UAH

The Krasnoarmeysk prosecutors have found out that the state enterprise Krasnolimanskaya Coal Company has not been paying pensions for some time.

According to the prosecutors, the debt to the Pension fund amounts to 8.3 million UAH. The office filed 2 cases to the Donetsk district administrative court demanding this money to be paid. (Ukrainian metal)

Russia: raw zinc output up in January-October 2016

In January-October raw zinc output in Russia increased by 4.4% YoY.

According to the Federal Service of State Statistics, in October raw zinc production went up by 14.2% YoY and by 30.4% MoM. (Ukrainian metal)

Russia: copper output down in January-October 2016

In January-October output of refined copper dropped by 0.7% YoY.

According to the Federal Service of State Statistics, copper foil output dropped by 13.7%, of wire – by 17%, while that of plates, sheets, strips and bars went up by 5.5%, of rods and sections – by 19.6%, all YoY. (Ukrainian metal)

Russia: MMK increases capacity

In January 2017 the hot-rolling mill-2000 at Magnitogorsk Iron and Steel Works will be halted for capital repairs for 9 days. At present the preliminary works are being carried out at the mill. The overhaul will increase capacity by 150 thousand tons of metal per year. The works will be carried out by the specialists…


Russia: Izhstal receives plane-builder certificate

Izhstal, a part of Mechel, has received the certificate of quality correspondence from one of the major aviation machinery producers in Russia – Aviastar-SP.

Izhstal supplies commercial steel to Aviastar-SP: cold-drawn, calibrated, structural and structural nickel-containing steel. The certificate is valid for 3 years. (Ukrainian metal)

Russia: gold output to increase in 2016

In 2016 Russia plans to produce 297 tons of gold, up by 1.2% YoY.

Last year Russia produced 293.4 tons of gold, up by 2% YoY

In January-September gold output went up by 0.4% YoY, to 219.25 tons. (Ukrainian metal)

Kyrgyzstan: Irisay goldfield to be put up for auction

The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19.

The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)

Ukraine: metal makers draw Antimonopoly committee attention to Ukrzaliznytsia plans

The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…


Russia: OMK president Markin congratulates best Trubodetal employees

The Trubodetal Manufacturing Facility (AO Trubodetal, Chelyabinsk, a United Metallurgical Company (OMK) subsidiary) hosted an award presentation ceremony for the winners of the Best Employee competition in honor of Trubodetal’s anniversary. The manufacturing facility’s most successful and effective employees received awards in 24 categories, including worker and engineering occupations as well as for administrative and…


Russia: Chinese firms to buy 5% in Polyus

China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…


Ukraine: coal output up in October 2016

In October Ukraine (without the Russia-occupied Crimea and ATO zone) mined 2.7 million tons of coal, up by 0.2% YoY and by 5% MoM.

According to the State Service of Statistics, in January-October coal output went up by 4% YoY.

In September coal output dropped by 4%. (Ukrainian metal)

Russia: UGMK to invest 2.2 billion rubles into Gaysky GOK mine

In 2016 UGMK will invest some 2.2 billion rubles into underground mining at the Gaysky Mining and Processing Works.

According to the company statement, this will increase mining capacities to 7 million tons of ore per year.

Gaysky GOK plans to mine 9.2 million tons of ore, slightly down YoY. (Ukrainian metal)

Ukraine: InGOK concentrate up in January-October 2016

In January-October Ingulets Mining and Processing Works produced 9.74 million tons of iron ore concentrate, up by 2.6% YoY.

According to a company representative, in October InGOK produced 880 thousand tons of concentrate, up from 739 thousand tons in September. (Ukrainian metal)