In January-October, Magadan region extracted 45.43 tons of gold, up by 6% YoY. Ore gold accounted for 26.88 tons (+6%) and alluvial – 18.55 tons (+5.6%). Silver output grew by 11%, to 544 tons. This year, gold output is expected at the level of 48 tons and silver – 580 tons. (Ukrainian metal)Details
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A new initiative will see metallic rare-earth elements (REE) products manufacturing set up in Ida-Viru County, thanks to a deal between the Estonian state and the private sector. The project fits into the state’s green transition strategy. Estonian metallurgy firm NPM Silmet is to construct a major plant in Sillamae, Ida-Viru County, which will produce…Details
The Russian state corporation VEB.RF will provide $800 million to Almalyk Mining and Processing Works for construction of the copper-processing factory. Earlier, the enterprise concluded a contract with UZTM-Kartex (Uralmashzavod) and Enter Engineering for $2 billion for the financing of the construction and delivery of machinery in 2022. Enter Engineering will build the factory, while…Details
In January-October, Interpipe increased pipes sales by 16.6% YoY, to 459.1 thousand tons. Sales of OCTG pipes grew more than 2-fold, to 135.3 thousand tons, linear pipes – by 5.6%, to 257.5 thousand tons, and pipes for machine-building – by 37%, to 20 thousand tons. Welding pipes sales dropped by 32.3%, to 46.3 thousand tons.…Details
Energomashspetsstal has successfully passed the inspection of billets for the nuclear reactor of the Akkuyu NPP block No. 3 (Turkey). The inspection of three billets for the reactor body and the main circulating pump has been carried out in 4 days. The billets will be shipped in late November. The batch will comprise two spheres…Details
In January-September, Silver Bear Resources, developing silver deposits in Yakutia, produced 806.8 thousand ounces, down by 46.3% YoY. The decrease is due to the drop in output (-30.1%) and processing of ore (-37.6%). In particular, in Q2 the company special machinery was mostly used to expand the Vertikalniy quarry. Moreover, silver content in ore fell…Details
In January-September, Pobuzhye Ferronickel Plant processed 1.025 million tons of ore, down by 11.6% YoY. This corresponds to 54.573 thousand tons of ferronickel (-15.8%) or 11.7 thousand tons of nickel (-4.6%). The decrease is due to repairs in January-February, which began in 2020. EBITDA amounted to 6.8 million UAH, with profit tax at 2.7 million…Details
In January-October, Ukraine increased railroad transportation of metal by 6.4% YoY, to 18.1 million tons. In October, compared with October 2020, transportation grew by 1.67 million tons, with exports up by 5.9%, to 1.17 million tons, and domestic transportation – by 6.7%, to 400 thousand tons, while transit dropped by 50.6%, to 56 thousand tons,…Details
The Aleksandrovskaya 1 LLC miners team has finished the alluvial season in Amur region with the result of 225 kg of gold. The precious metal was extracted at 3 deposits – Dzhalon, Dzhuvaskit and Dep. In annual comparison output dropped by 7% due to long winter and rainy summer, which resulted in the start of…Details
The State Expertise Service of Russia has approved the construction of a gold-extracting factory at the Teutedzhak deposit in Magadan region. Reserves are estimated at 16.596 tons of gold and 12.2 tons of silver. The size of the ore site is 14.6 square km. The design capacity of the factory will be 1 million tons…Details
The regional subsidiary of Ukrzaliznytsia – Odessa Railways – has ordered Metinvest-SMC LLC the delivery of rails valued at 35.47 million UAH. This year, the company has to supply 1040 tons of R-65 rails of category 2 with the length of 25 meters produced not earlier than in 2021 at 34,104 UAH per ton. The…Details
70% of Interpipe employees have been vaccinated. In November-December, the company intends to vaccinate 10% more. Interpipe believes that the herd immunity is the only protection from Covid-19. The company has introduced a special motivation for those who complete vaccination. Each employee with the green certificate receives another for a product network valued at 300…Details
In January-September, Avdiivka Coke Chemical Works received a net profit of 4.26 billion UAH as opposed to a loss of 381.61 million UAH last year. EBITDA totaled 5.19 billion UAH, up from the loss of 465.38 million UAH. Net income grew by 51.4%, to 18.84 billion UAH. Undistributed profit as of late September amounted to…Details