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In January-June the sea trade port St. Petersburg transshipped 3.5 million tons of cargo, down by 7% YoY. Ferrous metals throughput dropped by 26%, to 1.5 million tons. The decrease is due to the drop of exports. At the same time non-ferrous metals throughput increased by 20%, to 0.705 million tons. Throughput of scrap remained…
DetailsIn April-June Elga Coal Complex improved its records. In particular, 1.2 million tons of coal were mined, up by 40% QoQ. The company has also improved mine stripping to 1.9 million cubic meters, up by 32%. (Ukrainian metal)
DetailsIn January-June Severstal Distribution increased metal sales by 13% YoY, to 1.3 million tons. 22% more rolled metal of Severstal Russian Steel has been sold via the distribution network. Sales to Russian customers increased by 25%, to 550 thousand tons. SIA Severstal Distribution sales to Northern, Central and Eastern Europe increased by 9%, to 650…
DetailsChitageologorazvedka, a part of the state complex Rosgeologia, is finalizing prospecting work at the Darasun ore-alluvial district at the Zharcha-Talatuy site. The object with the size of 13.3 square km is situated in Zabaikalye region. During its operation the enterprise has found 4 mineralized zones with the expected reserves of R1 gold of at least…
DetailsThe share of UGMK-OTsM on the Russian market of non-ferrous metal has increased from 35% to 44%. This is the result of the first half-year. In particular, Kirov Non-Ferrous Metals Processing Works increased brass rods and sheet, as well as copper belt manufacture by 18%, while Revda Non-Ferrous-Metals Processing Works output of copper, brass and…
DetailsHighland Gold Mining Limited intends to commission the Blagodatnoye deposit in Khabarovsk region in 2024. The deposit resources are estimated at 777 thousand ounces of gold. At present the company is developing the Belay Gora deposit with the reserves of 601 thousand ounces of gold. Both deposits could be developed until 2032. Ore will be…
DetailsIn May Russia imported 10.3 tons of tungsten and scrap, down by 31.8% MoM and by 61.5% YoY. In particular, deliveries from China decreased by 40.5%, to 8.6 tons. In 5 months tungsten imports totaled 56.6 tons, up by 0.9% YoY. In monetary terms since the start of the year imports have increased by 3.2%.…
DetailsIn May Russia exported 26.5 tons of long rolled nickel, down by 50% MoM and by 39.5% YoY. Exports to Ukraine dropped by 86% MoM, to 3.5 tons, and to Latvia – by 10%, to 9.5 tons. Hungary imported 7.2 tons of rolled nickel, up by 43%. In 5 months exports totaled 225 tons, down…
DetailsPolymetal Int, uniting the assets of the Russian precious metals producer Polymetal International, will receive a 3.5% stake in company Chaarat after converting $10-million of bonds received as payment for the Kapan gold mine in Armenia, the company said in a statement on July 30. “Exchange of convertibles into Chaarat stock, working capital settlement, and…
DetailsChinese company, which is developing a gold deposit in Solton-Sary, will pay compensation for the death of livestock, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reports. According to the committee, its Chairman Emil Osmonbetov asked the company’s management to resolve the issue in order to create a positive image of the…
DetailsPromoting steady growth and improving the efficiency are important for the Belarusian steel mill BMZ, Dmitry Korchik declared. On July 29 the president approved the appointment of Dmitry Korchik as director general of the Belarusian Steel Works Management Holding Company. “The company is known not only in Belarus but also throughout the world. The main…
DetailsThe Federal Antimonopoly Service of Russia has approved the merge of the Satka Pig Iron Works and Kosaya Gora Iron and Steel Works. According to the FAS, the merge will not result in domination on the manganese ferroalloys market. SChPZ manufactures FMn78 and FMn75 manganese ferroalloys, while KMZ produces only FMn78 ferroalloys. After the merge…
DetailsSeverniy Mining and Processing Works is replenishing and modernizing its water-sprinkling fleet to fight dust. In July, 10 special machines were put into operation. In particular, for Pervomaysky and Annovsky quarries the fifth BelAZ water-sprinkling machine with the tank of 119 cubic meters has been purchased. Another BelAZ with a smaller tank (32 cubic meters)…
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