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Ukraine: EMSS to supply 1 thousand tons of rolls to Mariupol Ilyich

Energomashspetsstal, Mariupol Ilyich Iron and Steel WorksBy admin21.12.2018Leave a comment

Mariupol Ilyich Iron and Steel Works has signed an agreement with Energomashspetsstal on the delivery of 1 thousand tons of rolls for the sheet-rolling shop-1700. The tenders took place in March and August. EMSS will supply back up and vertical rolls for hot-rolling mill. The rolls have to be supplied in H1 2019. (Ukrainian metal)

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Russia: ChMK ships 2 million tons of rails and beams

Chelyabinsk Iron and Steel WorksBy admin21.12.2018Leave a comment

Since commissioning of the rail and beam mill, Chelyabinsk Iron and Steel Works has shipped 2 million tons of metal. Sections accounted for 54% of the products shipped and rails – 46%. The rail and beam mill was commissioned in 2013. So far it has mastered the manufacture of 55 types and sizes of flanged…

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Russia: SUEK-Kuzbass mine reaches annual target

SUEKBy admin21.12.2018Leave a comment

The mine named after Kirov, a part of SUEK-Kuzbass, has met its annual target in advance, having extracted 5 million tons of coal. Despite its age (the mine was created in 1935), it is one of the most advanced mines in Russia. Investments in the mine development in the past 6 years totaled 12 billion…

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Russia: Karelsky Okatysh commissions second stage of tail thickening complex

Karelsky OkatyshBy admin21.12.2018Leave a comment

Karelsky Okatysh has put into operation the second stage of the complex to thicken tails. It will decrease electricity expenses and environment impact. The first stage was commissioned in 2016 and allowed thickening some 30% of tails. The stage comprises 2 thickeners with the diameter of 36.5 meters. The second stage is a thickener with…

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Russia: HGM allowed to buy gold deposit

Highland Gold MiningBy admin21.12.2018Leave a comment

Highland Gold Mining has received a right from the Federal Antimonopoly Service to finalize the deal to purchase gold-extracting assets in Chukotka Autonomous District from Aristus Holdings Ltd (Cyprus), owned by Roman Abramovich and his partners. The volume of the deal is $91 million, including $78.7 million to be paid in HGM shares (over 38.621…

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Ukraine: Ukrzaliznytsia to sell 300 million UAH worth of scrap

scrapBy admin21.12.2018Leave a comment

This year Ukrzaliznytsia intends to sell metal scrap valued at 300 million UAH. According to the enterprise CFO Andrei Ryazantsev, Ukrzaliznytsia now stores some 2 billion UAH worth of scrap. “This is not only cars, but also various assets, like rails”, he noted. The enterprise also has 16 thousand old cars for sale as scrap.…

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Azerbaijan: precious metal prices up on December 21, 2018

precious metalsBy admin21.12.2018Leave a comment

Precious metal prices increased in Azerbaijan on December 21, the Central Bank reported. The price of gold grew by 24.8285 manats, to 2,140.9885 manats per ounce on December 21 compared to the price on December 20. The price of silver went up by 0.308 manats, to 25.0750 manats per ounce. The price of palladium increased…

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Armenia: Armenal to return to US market

Rusal ArmenalBy admin21.12.2018Leave a comment

The Yerevan-based plant Armenal, a part of Rusal, has a chance to return to the aluminum market of US, when the sanctions from Rusal are lifted. The sanctions will be removed in 30 days. This will allow Armenal resuming deliveries of aluminum foil to US. Last year the company sold over $60 million worth of…

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Russia: EMC to increase coal output in 2019

East Mining Company, Eastern Mining CompanyBy admin21.12.2018Leave a comment

The largest coal miner in Sakhalin region – The Eastern Mining Company LLC – intends to extract not less than 10 million tons of coal in 2019, up by 25% YoY. At present the EMC enterprise Solntsevsky Coal Pit LLC is carrying out a program to increase output. This year EMC will mine 8 million…

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Ukraine: Interpipe NTZ decreases supervisory board

InterpipeBy admin21.12.2018Leave a comment

Shareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…

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Ukraine: ferroalloy plant to shut down because of high transportation costs

ferroalloysBy admin21.12.2018Leave a comment

The Ukrainian Association of Ferroalloy Producers (UkrFA) believes that the new Ukrzaliznytsia transportation tariffs could result in the shut down of some of the plants. In particular, the tariff for Nikopol Ferroalloy Plant will increase by 8.4 million UAH per month (with VAT), or by more than 100 million UAH per year. The increase of…

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Russia: Kuzbassrazrezugol commissions new electric substation

KuzbassrazrezugolBy admin21.12.2018Leave a comment

Kuzbassrazrezugol has put into operation a new electric substation Mokhovskaya at the Mokhovsky pit. It has replaced an older substation, the operation of which was impossible due to the development of underground work of the Baykaimskaya mine. The company has also constructed and commissioned the Iganinskaya substation to power mining operations at the new site…

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Russia: Susumanzoloto enterprise gold output down in 2018

gold, SusumanzolotoBy admin21.12.2018Leave a comment

This year Gerba LLC, a part of Susumanzoloto, extracted 91.7 kg of alluvial gold with the target at 150 kg. Last year the enterprise yielded 159.2 kg of gold, thus the output this year dropped by 42.4% YoY. The reason of such a decrease is not disclosed. Consolidated gold output at Susumanzoloto group in January-November…

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