In January Chukotka Autonomous District extracted 1665 kg of gold and 8.7 tons of silver, down by 5% and by 19% YoY. At present only ore gold is being mined. 5 companies are involved in the process. Alluvial gold sites development will start in May. 7 companies will operate there. In 2018 Chukotka obtained 24,130…
DetailsIn 2018 Severstal-Metiz mastered the manufacture of over 150 new types of products. In particular, the company has started producing new types and sizes of steel sections, fasteners and bars, as well as ropes and wires. “Severstal-Metiz is constantly trying to create new products and is actively developing import-replacing programs”, the company CEO Sergey Kovryakov…
DetailsArcelorMittal Kriviy Rih held public hearings on the intention to obtain air emissions permit from stationary sources of the industrial site No. 1 of Metallurgical Production and Underground Mining Department. The hearings were held with the participation of public environmental NGOs, deputies of the City Council, the residents of the city, as well as experts…
DetailsThe net profit of Russian gold producer Polyus plummeted by about 60% YoY, to 29.266 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on February 11. Revenue rose by 16.4% YoY, to 184.692 billion rubles in 2018. Gross profit gained 17%, to 117.347 billion rubles,…
DetailsThe premises and movables of the insolvent KVV Liepajas metalurgs were sold on February 8 at an auction for 255.8 thousand euros. The initial price was 209.3 thousand euros. In March 2018 Smart Stahl GmbH (Austria) purchased the movables of the rolling shop. FeLM received the electric arc furnace. KVV Liepajas metalurgs was declared insolvent…
DetailsKazakhstan will remain the world’s leader in uranium mining despite the complicated situation on the global market, said Minister of Energy of Kazakhstan Kanat Bozumbayev. “Now there is an oversupply of uranium and this trend continues,” he told the extended board meeting of the Ministry of Energy. According to the ministry’s press service, in 2018,…
DetailsThis year Dneprovsky Iron and Steel Combine intends to master the manufacture of 6 new types of products, in particular, the wire rods for steel ropes and welding wire, 6 sizes of rebars, and SG2 continuous cast billet. Last year the company mastered the manufacture of 7 new types of rolled metal to increase its…
DetailsIn January Druza LLC extracted 68.3 kg of gold, down by 2.4% YoY. At present the company is developing the Nevskoye gold ore deposit in Irkutsk region. The development of alluvial sites will start in May and last through October. In 2018 Druza LLC yielded 944.4 kg of ore gold. (Ukrainian metal)
DetailsKarelsky Okatysh, a subsidiary of the Russian steelmaker Severstal, plans to raise investment in production by 50% YoY, or by 2.8 billion rubles, to 8.4 billion rubles in 2019, the company said. Karelsky Okatysh plans to spend the money on construction of a conveyor facility in the central open-pit mine that should make transportation of…
DetailsIn 2018 Russia imported 7.137 million tons of ferrous metals, up by 4.9% YoY. In December 2018 imports grew by 3.9% MoM, to 0.487 million tons. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, waste and scrap, was 5.666 million tons, down by 0.4%. In December 2018…
DetailsThe state enterprise Vostochniy Mining and Processing Works has concluded an agreement with Energy Trade Group LLC on the delivery of natural gas valued at 143.83 million UAH. This year the company will supply 13.15 million cubic meters of gas valued at 10,938 UAH per 1 thousand cubic meters. The price of the agreement is…
DetailsIn January Energomashspetsstal sold 170 tons of products to 5 local companies. In particular, EMSS supplied to Azovstal, Mariupol Ilyich Iron and Steel Works, Kramatorsk Heavy Machine-Tool Works, Zaporozhkran and Magma LLC. Ukrainian customers ordered rolls, gondola frames, rods, gears, wheels, etc. (Ukrainian metal)
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