Because of the damage to 4 electricity lines several shops of ArcelorMittal Kriviy Rih have been cut off grid. In particular, without electricity are open-hearth, blooming and rolling shops. According to the employees, the lines were damaged by a crane gibbet. (Ukrainian metal)Details
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The prices of precious metals increased in Azerbaijan on February 20. The price of gold grew by 32.81 manats, to 2,283.185 manats per ounce compared to the price on February 19. The price of silver went up by 0.7896 manats, to 27.604 manats per ounce. The price of platinum increased by 21.042 manats, to 1,395.050…Details
Severstal has chosen contractors to carry out construction work of the blast furnace No. 3 at the Cherepovets Iron and Steel Works. The chief contractor is Domnaremont, a part of Severstal Russian Steel. Other three subcontractors are UralDomnoRemont from Yekaterinburg, USP from Moscow and Chermetecologia from Cherepovets. The blast furnace is expected to be blown…Details
In January Kuzbass region coal pits yielded 13 million tons of coal, and mines – 7.2 million tons. The combined result exceeded that of January 2018 by 8.6%. Coking coal output totaled 6.2 million tons (4.8 million tons in January 2018) and power-generating coal – 14 million tons (13.8 million tons). Coal processing in the…Details
The forth exhaust system has been put into operation at the Evraz ZSMK sintering factory. With its commissioning the plant completes gas-purifying system reconstruction. The combined capacity of 4 machines is 900 thousand cubic meters per hour. The rate of purification is over 99%. Since 2015 thanks to the machines air pollution has decreased by…Details
Mikheyevsky Mining and Processing Works is celebrating the 5th anniversary of the manufacture of the first copper concentrate. The volume of the first batch was some 8 tons. In 5 years the enterprise has mined over 91 million tons of ore at the Mikheyevskoye deposit and produced more than 300 thousand tons of copper concentrate.…Details
In January Ukraine exported $234.668 million worth of iron ore, down by 2.4% YoY. Imports dropped by 0.4%, to $0.002 million. According to the State Fiscal Service, in January exports decreased by 6.4% MoM, and imports – by 84.6%. China was the largest importer of iron ore ($43.264 million). In 2018 Ukraine exported $2.869 billion…Details
In 2019, Italy will become a new export destination for Azerbaijan’s Ganja Aluminum Plant. Presently, almost all of the plant’s production is exported. “The company’s products are exported to a number of European countries and the former USSR countries, and in the coming months, exports to the Italian market will be arranged. In order to…Details
Russian metals and mining group Mechel may lose its Elga project already this year in order to pay debts after 2020, five sources close to parties of the possible deal reported. The sources named industrial corporation Rostec, Vostokugol of Dmitry Bosov and Alexander Isayev and Coalstar of Eduard Khudainatov among companies interested in the Elga…Details
“If we want to defeat corruption and bring order to the mining industry, it is necessary to adopt a law that forces all companies to disclose information about final beneficiaries – shareholders,” an expert Sheradil Baktygulov declared. He noted that a similar rule was applied in US and Canada. “According to the legislation of Kyrgyzstan,…Details
Last year Khabarovsk region yielded 24.8 tons of gold, up by 1652 kg YoY. This is also the best result for the region ever. Khabarovsk region is still the only region in Russia to develop tin ore deposits. In 2018 it mined 1.5 tons of tin. Silver output totaled 62.2 tons, and platinum – 228…Details
Following prospecting works in 2018, Kinross Gold has decided to extend the development of the Kupol gold deposit in Chukotka till 2023. Previously it was supposed to wrap up work at the deposit in 2022. The increase of reserves enabled the company to extend the work at the site. This year Kinross Gold will spend…Details