The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months. The bank and the works have signed three corresponding agreements. The parties have been cooperating for over 5 years. “We highly value our cooperation with one of…Details
In January-June Anglo Asian Mining mined 23.218 thousand ounces of gold, down by 31,4% YoY at the Kedabek deposits. “The company also mined 85.087 thousand ounces of silver, 1.322 thousand tons of copper and produced 6.431 thousand tons of copper concentrate”, the company said in a statement. In 6 months the company sold 15.689 thousand…Details
In January-June Polymetal International increased output by 7% YoY, to 558 thousand troy ounces of gold equivalent. “In the second half of the year the output will grow even more because of the seasonal sales of concentrate stocks at the Mayskoye deposits and the higher output at Amur Mining and Processing Works”, the company said…Details
In January-June Ukrainian thermal power and combined heat and power plants received 1.354 million tons of imported coal, including in June 313.4 thousand tons of coal from Russia and 44.6 thousand tons from the South African Republic. According to the Ministry of energy and coal industry, in 6 months Russia supplied 1.09 million tons of…Details
In 2017 ArcelorMittal Kriviy Rih will invest $267 million in modernization. According to the company CEO Paramjit Kahlon, the company has good results. “In a year we produced 7.5 million tons of steel. The company has been working stably for the past 4-5 years. Its proximity to the Black Sea makes it unique as to…Details
DTEK Trading LLC and the state enterprise Derzhvuglepostach have sold all the gas coal that they have previously auctioned at the Ukrainian energy exchange. The average price of purchase was 2461 UAH per ton (with VAT), with the minimal at 2420 UAH and the maximum at 2500 UAH per ton. “The auction prices are on…Details
After an almost 3-months idleness Beringpromugol has resumed mining coal at the Fandyushkinskoye deposits in Chukotka Autonomous District. In May the company management decided to stop operation until the 40-km road were constructed from the deposits to the port of Beringovsky. The construction has been completed. Moreover, office buildings, specialist workshops and an analytical laboratory…Details
Since the beginning of the year Mechel-Service has supplied 6.5 thousand tons of rebars for construction of housing in the city of Chelyabinsk. The company supplies rebars almost to all major construction project in the city. One of the latest batches was for the construction of the business-class housing complex Gagarin Residence in the downtown.…Details
Severstal has become the first Russian metal company to have switched to the SAP Transportation Management system. SAP TM is a part of the large-scale Business Standard program, within which Severstal has automated and improved all of its management functions. By using the tender procedures when dealing with transport companies on the online-portal Severstal was…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 13 million tons of coal this year. The milestone ton was loaded on July 23 onto the Panamax bulk carrier, Navios Gemini S, the 191st vessels handled from…Details
OMK has formed a new board of directors. Anatoly Sedykh, Vladimir Markin, Natalia Yeremina, Svetlana Sobolevskaya and Anastasia Poletayeva have been elected as the new board. Anatoly Sedykh, the ex-chairman, headed the new board. He will be responsible for the strategic development of the company. The deputy chairman Natalia Yeremina has been elected the OMK…Details
Siberia Mining and Metallurgical Alliance (SiGma) will put the first stage of Ozernovsky Mining Works with the capacity of 100 thousand tons of ore or 2 tons of gold per year into operation in December. According to the company CEO Dmitry Filichkin, by September the works will have received all the machinery. In October-November it…Details
In January-June Kuzbassrazrezugol enterprises mined over 22.9 million tons of coal, including 3 million tons of coking coal, up by 2% and by 5.3% YoY respectively. Sales increased by 6.4%, to 20.9 million tons, including exports by 4.4%, to 15.2 million tons and to local market by 12.3%, to 5.7 million tons. Processing factories have…Details
This year the Artel-DV LLC plans to obtain 30 kg of gold.
At present the company is developing its only Primanjinsky alluvial site. The company began the washing season in June, and so far has yielded 4.5 kg of gold.
Last year Artel-DV obtained 15 kg of gold. (Ukrainian metal)
In January-June mining companies of Kamchatka region yielded 7325 kg of silver, up by 41% YoY. 4 companies mine for silver in the region. 3 of them, all parts of Zoloto Kamchatky, provided the most of output. In particular Ametistovoye mined 5939 kg of silver at the deposits of the same name, up by 51%.…Details
Severstal-Metiz has put a new rope machine into operation at its Cherepovets site. Investments into the project totaled 90 million rubles. Machinery will be used to produce 6-thread ropes with the diameter of 14-34 mm. Such ropes are used at cranes, drilling and oil machines, river and sea vessels, etc. “The new machine will allow…Details
In June, according to the railroad statistics, direct deliveries of rolled steel and pipes to the major oil and gas companies totaled 306 thousand tons, down by 12.5% MoM, but up by 21% YoY. In May the results were lower by 4.9% MoM, but higher by 17.4% YoY. In January-June oil and gas companies received…Details
Zaporizhstal has finished constructing the blast furnace No. 3. According to the company CEO Rostislav Shurma, 12 thousand tons of metal structures have been constructed at the site, as well as 12 thousand cubic meters of concrete were poured. “That’s like 2 Eiffel Towers or 4 Great Pyramids of Gyza together. And all has been…Details
Dneprovsky Iron and Steel Combine has started producing sinter.
“The sinter shop has put into operation three sintering machines (No. 7, 8 and 10). The output of sinter totaled 14 thousand tons”, the company said.
Rotary kiln No. 1 in the converter shop has also been put into operation. (Ukrainian metal)
In January-June the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works – received 227.661 million UAH of net profit against the net losses of 281.994 million UAH in H1 2016.
The company net profit totaled 15.456 million UAH.
Other earnings reached 224.67 million UAH. (Ukrainian metal)
On July 23, the second bulk carrier delivered 75,000 tons of South African anthracite to Yuzhny Port. The new batch will help DTEK continue to build up coal stocks at its TPPs and ensure stable power supply in Ukraine. At present, the ship unloading is underway and will take three or four days. The anthracite…Details
PJSC ArcelorMittal Kriviy Rih respects the right of the company employees to publicly express their point of view. Management of PJSC ArcelorMittal Kriviy Rih has reviewed the notification about the strike of employees of Underground Mining Department (mines) of Mining Department planned for July 26. The company administration emphasizes that the declared strike is illegal,…Details
On July 17 Belozerskoye Mine Group made its contribution to Ukraine’s energy independence by mining 1 million tons of coal. At present coal is mined at two long faces. In 2016 the company spent 50 million UAH on purifying machinery, and in H1 investments totaled 117 million UAH. The average daily coal output is 5140…Details
In January-June Zaporizhstal consumed 85 million cubic meters of gas, down by 2.5% YoY. This has been achieved thanks to manufacture efficiency increase and expenses decrease. “We used to consume 85 million cubic meters per month, now that’s the half a year results. But we are still working on decreasing gas consumption”, the company CEO…Details