Zaporizhstal investment in the rolling stock modernization is 50 million UAH. “The shortage of the rolling stock is one of the issues for the whole Ukrainian industry, which has not been solved by the government after so many years. We have found an economically viable solution for ourselves, when we remotorized our first locomotive back…Details
Kyrgyzaltyn company announced a competitive selection of two candidates for independent members of the Board of Directors of Centerra Gold, nominated by the Kyrgyz side. The competitive selection will be held in two stages. At the first stage, an interdepartmental commission will estimate the applications submitted and select the most suitable candidates. At the second,…Details
In 2018 Ukraine increased coal imports by 10.6% YoY, to $3035.34 million, while exports dropped by 91.8%, to $8.649 million. According to the State Fiscal Service, in December 2018 coal imports grew by 27.8% YoY, to $341.87 million, while exports fell by 99.7%, to $0.022 million. Last month Ukraine mostly imported coal from Russia ($154.03…Details
A lethal accident has occurred at the Mariupol Ilyich Iron and Steel Works. As a result of the fall of a ferroconcrete slab one employee perished and another was injured. “The subcontractors were making repairs at an industrial site at the height of 18 meters. As a result of the slab fall, a worker died”,…Details
This year Rusolovo intends to reach the annual output of 2.36 thousand tons of tin by increasing capacity. For this the company will have to process 415 thousand tons of ore. If the annual target is reached, the output will grow 1.6-fold YoY. Last year the company produced 1509 tons of tin concentrate, up by…Details
In 2018 the pipe works named after Makarov “Profil-Akras” manufactured over 122 thousand tons of pipes and shipped 124 thousand tons. The results were below those of the previous year. According to the company, 2018 was difficult both for the employees and customers. The market price fluctuations affected sales and purchase planning. Dealer project suffered…Details
In 2018 Nikopol Ferroalloy Plant produced 788.9 thousand tons of ferroalloys, up by 3.6% YoY.
In particular, the manufacture of silicomanganese grew by 7.1%, to 735.69 thousand tons, and of other ferroalloys – 9.3-fold, to 13.1 thousand tons.
At the same time the production of ferromanganese decreased by 45.4%, to 40.14 thousand tons. (Ukrainian metal)
Ukraine has prolonged the moratorium to bankrupt and block accounts of the state coal enterprises till January 1, 2022. Had the parliament not made such a decision, from early 2019 the whole operation of the state coal mining enterprises would have been blocked. This would have endangered the whole state sector of the coal industry…Details
Uzbekistan and India have signed an agreement on long-term uranium supplies. President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of India Narendra Modi held a meeting in the framework of the Dynamic Gujarat International Summit on January 18. “Uzbekistan jointly with Indian partners will create a technopark of advanced information technologies in Tashkent and a…Details
The prices of precious metals decreased in Azerbaijan. The price of gold dropped by 18.1135 manats, to 2,178.312 manats per ounce on January 21 compared to the price on January 18. The price of silver fell by 0.4028 manats, to 26.0235 manats per ounce. The price of platinum went down by 23.4855 manats, to 1,359.575…Details
Uzbekistan will create a unified state enterprise for extraction and processing of uranium in the near future. The state enterprise will be organized using the Navoi Mining and Metallurgical Combine’s assets. Nowadays, Navoi MMC ranks seventh in uranium mining and production of nitrous oxide in the world. It is the sole operator in Uzbekistan engaged…Details
The State Duma committee on budget and taxes has provided for the first reading a draft law to stimulate the mining of rare earth metals. It will also help develop Yakutia economy. The draft law presupposes decreasing tax on the mining of natural resources when extracting rare earth metals. The bill could come into effect…Details
In 2018 Gornyak-1 LLC mined 1.311 million tons of coal in Sakhalin region, down by 4% YoY. The company operated at 4 license sites. The Khandansinskiy-Semirechenskiy site of the Pobedinskaya field yielded the most coal – 826.2 thousand tons. 378.8 thousand tons were mined at the Ivanovskiy site of the Gornozavodskoye deposit. The Gradskiy site…Details
A processing factory will be built on the basis of the Vertikalnoye mining enterprise in Yakutia.
Its processing capacity will be 110 thousand tons of ore per year.
The factory will be producing silver cathode deposit. (Ukrainian metal)
In 2018 Boshnyakovsky Coal Pit LLC mined 880.3 thousand tons of coal in the Sakhalin region. The volume of rock removed was 18.7 million cubic meters. The work was carried out at the Soldatskiy-1 and Onnayskiy sites of the Boshnyakovskoye coal deposit. The output dropped by 2.3% YoY. The company owns 3 licenses to develop…Details
The price of one ounce of gold increased by 2.4395 manats or by 0.11% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,194.734 manats. The price of one ounce of silver decreased by 0.028 manats or by 0.11%, to 26.4918 manats. The price of one ounce of platinum…Details
In 2018 the Razrez Stepnoy pit, a part of Russkiy Ugol, mined over 4.2 million tons of coal in Khakasia. 3.4 million tons were processed at the factory. The pit employs over 1 thousand locals. The enterprise was founded in 1993. In more than 25 year of operation it has mined over 63 million tons…Details
Energomashspetsstal has presented rolls for the new hot-rolling mill-2200 of ArcelorMittal Lazaro Cardenas (Mexico) to the customer – Primetals Technologies (Austria). The corresponding agreement was concluded in April 2018. Under the contract EMSS has supplied 12 supporting rolls with the total weight of 508 tons. This is the first batch of rolls. According to the…Details
In 2018 Ukraine decreased ferroalloys output by 0.4% YoY, to 1022.02 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in December 2018 output grew by 3.9% MoM, to 85.11 thousand tons. (Ukrainian metal)
In 2018 Ukraine exported 15.04 million tons of ferrous metals via ports, up by 6.7% YoY. In particular, pig iron exports grew by 30.7%, to 2.977 million tons. At the same time rolled metal exports dropped by 2.5%, to 8.903 million tons and scrap by 1.7%, to 81.05 thousand tons. Iron ore exports decreased by…Details
On January 11-18 metal prices in the Central region dropped by 5.9 points, or by 1.03%, to 567.7. Rebars saw the largest decrease – 2.84%. Rounds lost 1.55%, electric welded pipes – 1.53%, and beams – 0.88%. The price of channel fell by 0.38%, galvanized flat metal – by 0.13%, and hot-rolled sheet – by…Details
In 2018 Kuzbass region extracted 255.3 million tons of coal, up by 5.7% YoY.
In particular, pits yielded 165.8 million tons and mines – 89.5 million tons.
The output of coking coal was 73.2 million tons, and power-generating coal – 182.1 million tons.
Factories processed 182.1 million tons, up by 6.1%. (Ukrainian metal)
Khujir Enterprise LLC has started resuming mining at the Konevinskoye gold deposit in the Republic of Buryatia.
The work of the mine was suspended in 2014.
The decision to resume operation was taken in December 2018.
The C1+C2 reserves of the deposit are over 2 tons of gold. (Ukrainian metal)
In 2018 Amur region extracted 3.5 million tons of power-generating coal, up by 100 thousand tons YoY.
The coal is mined at the Yerkovetskiy and Severo-Vostochniy pits.
In particular, coal output of the Yerkovetskiy pit, commissioned in 1991, grew by 3%.
Severo-Vostochniy pit, operating since 1932, increased output by 4% YoY. (Ukrainian metal)