Russia: KGOK iron ore concentrate sales down in 2017

In 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…

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Russia: Rosgeologia starts gold prospecting at new site in Amur region

Far East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region.

The prospecting will last for 3 years, from Q2 2018 till Q4 2020.

The total size of the territory is 270 square km. (Ukrainian metal)

Russia: MMK-Metiz masters manufacture of nanostructured rebars

For three years MMK-Metiz together with the Magnitogorsk State Technical University named after Nosov have been creating import-substituting nanostructured rebar ropes. With the help of the Ministry of education and science subsidy the company has developed and implemented a technique to produce rebar ropes with nanostructure. The rope specifications exceed prEN 10138-3.3, as well as…

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Russia: Elgaugol output up in Q1 2018

In January-March Elgaugol LLC mined 1.2 million tons of coal, up by 43% YoY. Coal processing increased by 21%, to 585 thousand tons. Sales totaled 962 thousand tons, up by 47%. “This year we had a good manufacturing start. The quarter results became the logical continuation of the successful operation last year”, the company managing…

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Russia: RUSAL’s board member Lader resigns on sanctions

Independent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10.

Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)

Russia: Amur Zoloto produces 175 kg of gold in Q1 2018

In Q1 Amur Zoloto LLC produced 174.7 kg of gold.

In particular, the Yubileyniy Mining and Processing Works at the Krasivoye deposits processed 25.3 thousand tons of ore. The output totaled 173.4 kg of gold and 109.9 kg of silver.

In May the company will start working at the alluvial sites. (Ukrainian metal)

Russia: ZEMZ output up in February 2018

In February Zlatoust Electrometallurgical Works produced 1.64 thousand tons of corrosion-resistant bars, up by 90% YoY. Chromic rolled metal output increased 2.1-fold, to 564 tons, while that of nickel-containing metal – by 82%, to 1.08 thousand tons. In January-February stainless steel output totaled 3.3 thousand tons, up 2.1-fold YoY. Chromic rolled metal manufacture grew 2.6-fold,…

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Ukraine: Vesco, Ogneupornerud and Druzhkovka Mine Group replace supervisory boards

Vesco Limited (Cyprus) has replaced the supervisory boards at Vesco, Druzhkovka Mine Group and Ogneupornerud. In particular, the office of UMG Investments CEO Andrei Gorokhov as a member of supervisory boards in all three companies has been prolonged from April 7 for 3 years. Polina Sarnikova left the supervisory board, and was replaced by UMG…

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