“The safety of workers in Georgia’s mines is at serious risk,” reads the beginning of the first paragraph of the Human Rights Watch research “No Year without Deaths: A Decade of Deregulation Puts Georgian Miners at Risk”. The 60-page research says that the risk is caused by “insufficient government regulation and resulting mining practices that…Details
International arbitration satisfied about 6% of claims of Stans Energy Corp. and Kutessay Mining LLC to Kyrgyzstan, having ruled to compensate only some direct costs for development of Kutessay II and Kalesay deposits and a part of the court costs, but rejected the rest of the claims, the Center for Legal Representation of the government…Details
AzerGold company has attracted AZ Dag-Medenistismar as a drilling contractor, the government procurement website reports. The contract between the parties was signed for 10.307 million manats, according to the source. In 2018 exploration and drilling operations were carried out at depths of up to 17,000 meters, and metallurgical, laboratory, geotechnical and hydrological studies were carried…Details
R.V. Investment Group Services LLC, subsidiary of Anglo Asian Mining (ААМ), gold, copper and silver producer in Azerbaijan, has been in discussions with the Azerbaijani government and other parties in relation to the possible sale of the company’s shares. Such discussions are preliminary and no terms have been discussed or agreed upon. There can be…Details
Ukrainian Mining Company plans to mine iron ore at the Severniy quarry of the Saksaganskoye deposit.
Mariupol Ilyich Iron and Steel Works stopped using it a month and a half ago.
The company license expired on July 7, while it stopped mining ore from July 1. (Ukrainian metal)
In June Russia exported 582.6 thousand tons of flat steel, down by 9.9% MoM and by 26% YoY. According to the customs statistics, exports have been falling since January. In 6 months Russia exported 3.83 million tons of flat steel, down by 14.4% YoY. Turkey accounted for 27% of exports, down by 27.3%. The share…Details
In January-July Metalloinvest received $3,854 million of revenue, down by 5.2% YoY. EBITDA dropped by 5.4%, to $1,410 million. Net profit grew by 17.2%, to $1,020 million. Net debt increased by 6.6%, to $3,581 million compared with December 31, 2018. The group mined 19.7 million tons of iron ore, down by 1.8%, and produced 14.1…Details
As of August 1 Chukotka Autonomous District has extracted 295 thousand tons of coal. 11 teams were extracting alluvial gold, having obtained 957.2 kg. 5 more companies mined 13.27 tons of ore gold. Silver output totaled 63 tons. The largest extractor was Chukotka Mining and Geological Company – its Kupol deposit output since the start…Details
Karelsky Okatysh has shut down its manufacture for 60 hours to carry out scheduled repairs. Concentrate and pellets manufacture saw the most of repairs, as they could have been carried out only when the plant was shut down, and the water used in the production was switched off. The company has replaced a transformer substation.…Details
In June Ukraine exported 40 thousand tons of semi-finished steel products to Russia, up by 40% MoM.
In June 2018 exports did not exceed 2 tons.
In January-June Ukraine exported 266.6 thousand tons of semis, up 2.45-fold YoY.
Average price on Russian border was $402.8 per ton without VAT. (Ukrainian metal)
In January-June Russia exported 1.7 million tons of pipes valued at $808 million, down by 26% and by 51% YoY respectively. According to the customs statistics, Kazakhstan remains the main importer of Russian pipes, accounting for 41.6%, up 2.6-fold. It is followed by the US (15.7%, up 1.7-fold) and Belarus (11%, down by 1.6%). The…Details
According to the Ministry of economic development and trade this year metal companies are expected to increase steel output by 4% YoY, to 21.895 million tons. The forecast is based on the output level of the first half of the year. The manufacture of rolled metal is expected to grow by 3%, to 18.937 million…Details
In January-July Ukraine produced 5.189 million tons of metallurgical coke, down by 5.2% YoY. In July 798 thousand tons of coke were produced, in June – 769 and in May – 917 thousand tons. The drop in production is observed at Dneprokoks and Dniepropetrovsk By-Product Coke Plant. In H1 Ukraine imported 2.9 million tons of…Details
In June Russia exported 590.3 thousand tons of scrap, up by 17.5% YoY and by 31% MoM. According to the Federal Customs Statistics, in 6 months exports dropped by 13%, to 2.44 million tons. Turkey remains the main customer accounting for 44% of all Russian scrap exports, down by 15%. Average price in June was…Details
The salary debts to state miners will have been cleared by the Independence Day. According to the deputy minister of energy and coal industry Anatoliy Korzun, it is expected that until the end of the week over 500 million UAH will be transferred to state mines. Of them 250 million UAH will be provided by…Details
Growing dependency of the Russian coal industry on exports creates risks, as the external markets are volatile, president Vladimir Putin told governors of the country’s coal-producing regions on August 22. “Our consumption grew to 180 million tons last year, but we exported 210 million tons. The growing dependency on the external markets creates threats and…Details
Southern Kuzbass, a subsidiary of Russian metals and mining group Mechel, has launched production at a 400-million ruble longwall at the Lenin underground mine with reserves of 560,000 tons of coal, the company said in a statement on August 22. The new longwall should raise the mine’s capacity and production of coking coal. Monthly loading…Details
ArcelorMittal Kriviy Rih is launching a new Ecocity project. Its goal is to support the social and environmental initiatives of the residents of Kriviy Rih on improvement and landscaping of urban areas, resource saving and rational use of waste. The best of them will be financed by the company by allocating grants. The total prize…Details
NLMK’s carbon oxide (CO) emissions set to reduce by 3,000 tonnes per year, GHG (СО2) emissions set to reduce by 650,000 tonnes per year NLMK Group, a global steel company, and the Administration of the Lipetsk Region have signed a memorandum of intent to build a new recovery power plant at NLMK Lipetsk, running on…Details
According to the Order of the Directorate of Rosprirodnadzor (Federal Service for the Supervision of Use of Natural Resources) for Zabaikalye Region, the state environmental expert committee of the federal level approved design documentation for Udokan Mining and Metallurgical Plant Stage 1 with the capacity of 12 mtpa of ore. The expert committee found that…Details
Venturing into the steel sector through these inorganic route entailed quite a struggle for the company, with the acquisition of the debt-ridden ESL materialising only after protracted battles in bankruptcy courts. Vedanta, industry news, ESL, steel maker, Electrosteel Steel, BPSL, Bhushan Power & Steel, JSW Steel Shortly after acquiring ESL, Vedanta announced capacity expansion of…Details
Has your house been mortgaged without your knowledge? Lessons from the Noida case that left many shaken
NEW DELHI: A couple of weeks back, over 200 families living in a prominent Noida housing society got eviction notices from a bank asking them to vacate their homes. The notices, sent by the Union Bank of India, were nothing less than the shock of their lives for the residents of Gardenia Gateway who were…Details
Reuters reported that thyssenkrupp was filing a complaint with a European court to dispute an antitrust decision that blocks a planned joint venture with Tata Steel. The complaint to the General Court of the European Union seen as a symbolic move comes after the Commission in June vetoed plans to create Europe’s second-biggest steelmaker, fearing…Details
Sales volumes for Brazilian distributors of flat-rolled steel rose year-on-year in July for the fifth month this year, with figures recovering from a weak performance in 2018 and companies continuing to destock, national steel distributors’ association Inda said on Wednesday August 21.
Sales volumes for Brazilian distributors of flat-rolled steel rose year-on-year in July for the fifth month this year, with figures recovering from a weak performance in 2018 and companies continuing to destock, national steel distributors’ association Inda said on Wednesday August 21. An error in Inda’s press release for June meant that a year-on-year fall…Details