In December 2016 the license to work of some of Krasnodonugol mines, all of them within the Metinvest Group, has expired, Metinvest has filed all the necessary documents to the corresponding state authorities and expects to receive the license in February. Thus, at present these mines dig coal with the violation of the Ukrainian legislation.…
DetailsIn 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…
DetailsArcelorMittal Kriviy Rih achieved stable output in 2016 and is looking forward to further improve its performance in 2017. “ArcelorMittal Group remains committed to modernizing its operations and expanding its business in Ukraine – with plans to invest $375-400 million this year (capital and operational investments), we will help create directly and indirectly over 30,000…
DetailsThe increase of prices at which some coal companies of Donetsk region buy equipment and food is being investigated by the Ministry of energy and coal industry group. In particular, Selidovugol bought mineral water at 588 UAH per liter, meat at 3999 UAH per kg and sunflower oil at 1999 UAH per liter. After this…
DetailsThe Ministry of energy and coal industry fulfills its obligations to the miners. In particular, the issue with the coal sales has been settled. Two blocks of the Zmiyev TPP will be put into operation in March-May, which will increase coal purchases. According to the energy minister Igor Nasalik, all the purchasing procedures in the…
DetailsTo receive financing for the planned modernization of mines the Lviv regional state administration together with Lvivugol will work out a plan. The modernization will increase coal output. According to the regional governor Oleg Sinyutka, the coal industry reorganization is the priority matter for the region in 2017. Another important issue is the safety of…
DetailsGold and silver output exceeded the KAZ Minerals expectations in 2016. “Copper cathodes output increased by 73% YoY. We’ve been increasing output at Bozshakol GOK and will continue this trend in 2017 as the works reaches is project capacity, as well as the copper concentrate is produced at Aktogay”, the KAZ Minerals chairman Oleg Novachuk…
DetailsIn 2016 Kazakhstan produced 325.5 thousand tons of raw zinc, up by 0.5% YoY. The local demand increased by one third, to 38.7 thousand tons, while exports dropped by 3.2% YoY, to 259.4 thousand tons. The East-Kazakhstan region yielded the most of raw zinc – 325.4 thousand tons. Karaganda region produced 66 tons. The Kazakh…
DetailsInvestments into the Sukhoi Log gold deposit are estimated at 100 billion rubles, with the precious metal yield at 60 tons per year. “Sukhoi Log has the largest deposits of gold in Russia. 56-60 tons of gold could be mined there. Now Irkutsk region yields 22 tons of gold, that is the 6th result across…
DetailsMine named after Matrosov, a part of Polyus, has started assembly works at the new factory of the Natalka gold deposits in Magadan region. The test of the complex will begin in summer. The mine will start working in late 2017. That’s when the company will receive the first gold. This year the output will…
DetailsUkraine cannot do without the coal from the Russia-supported terrorist-occupied territories of Donbass. “As to the matter of trade with the occupied territories, well, trade is not a correct wording. There are things that are vital for our economy. For example, our power grid needs coal”, the Security Service of Ukraine chairman Vasily Hrytsak said.…
DetailsCorum Druzhkivka Machine Building Plant (Donetsk region) has started the implementation of the contract to manufacture 100 1KD90 support units of special design for the Heroiv Kosmosa mine of the country’s largest coal mining company DTEK Pavlogradugol. The press service of Corum Group, which includes Druzhkivka engineering plant, said it was planned to ship the…
DetailsThe State Committee for Industry, Energy and Subsoil Use has canceled a tender for the gold deposit because of the fact that it is located in a natural reserve, the press service of the committee reported. A violation of the law was revealed in preparation for the auction. The field is located on the territory…
DetailsRussia has submitted a claim against E.U. antidumping duties on cold-rolled steel to the World Trade Organization (WTO), according to a statement of the Economic Development Ministry. “The Russian Federation sent a request on consultations with the E.U. on January 27, under a procedure of WTO disputes settlement in connection with an E.U. antidumping measure…
DetailsIn 2017 Severstal plans to supply over 105 thousand tons of metal products to manufacturers of refrigerators, gas ovens, washing machines, industrial packaging, etc.
The deliveries will be carried out under the already signed quarter, half-year and year contracts with companies both from Russia and abroad. (Ukrainian metal)
Severstal-Metiz has put into operation a new drawing mill, thus completing the third stage of the equipment modernization. Investments in the new machinery amount to 600 million rubles so far. The new site, consisting of 12 units of equipment, was opened on January 30. As the result of the three stages of modernization the shop…
DetailsIn 2016 Metalloinvest increased iron ore output by 3.1% YoY, to 40.7 million tons. In Q4 2016, the company increased iron ore production1 to 10.3 million tons, up by 4% QoQ. Annual pellet output reached 25.2 million tons, up by 5.9% YoY, mainly due to the launch of Pellet Plant #3 at MGOK. In Q4…
DetailsKosogorsky Iron and Steel Works keeps increasing ferromanganese sales on the local market.
In 2016 the sales increased by 0.8 thousand tons YoY.
Deliveries to the local market and to the neighboring foreign countries reached 55.1 thousand tons, with 0.4 thousand tons exported. (Ukrainian metal)
In 2016 the four works of Petropavlovsk Plc in Amur region produced 416.3 thousand ounces of gold, down by 17.4% YoY. In particular, Pioneer works decreased output by 39%, to 141.9 thousands ounces. Pokrovsky mine yielded 37.8 thousand ounces of gold, down from 56 thousand ounces in 2015. Malomyr mine kept the gold output almost…
DetailsIn 2016 Magnitogorsk Iron and Steel Works shipped 1135.5 thousand tons of galvanized rolled metal to its customers, which was record high for the company. The previous record – 1115.7 thousand tons – was reached in 2014. For the past 15 years MMK has been gradually increasing galvanized rolled metal output. The development of coated…
DetailsKumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…
DetailsThe revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…
DetailsIn 2016 the Kamchatka Krai registered an increase in precious metals mining. “The precious metals mining is one of the most prosperous mining activities in the region. The active development of the industry allowed us to mine 373 kg of platinum, 6.329 tons of gold and 11.794 tons of silver in 2016”, the regional natural…
DetailsThe Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop.
This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole.
Investments into the project totaled 61 million rubles. (Ukrainian metal)