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…
DetailsThe 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…
DetailsKarelsky 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…
DetailsHighland 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…
DetailsThis 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.…
DetailsPrecious 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…
DetailsThe 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…
DetailsThe 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…
DetailsShareholders 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…
DetailsThe 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…
DetailsKuzbassrazrezugol 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…
DetailsThis 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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