The Supreme Court has not satisfied the claim of the State Service of Geology and Subsoil on the legality of the order to cancel the license of the Shakhta 1-3 Novogrodovskaya LLC to mine coal. This is the final ruling. In July 2012 the State Service granted the company a special allowance to mine coal…
DetailsKherson Sea Trade Port has concluded an agreement and started working with the transport-expeditor company Metinvest-Shipping LLC.
The port has already exported the first batch of 9 thousand tons of rolled metal.
Metinvest-Shipping services cargo in the major ports of Ukraine, as well as transports it by railroad. (Ukrainian metal)
The prices of precious metals varied in Azerbaijan on March 12. The price of gold decreased by 1.3005 manats, to 2,204.594 manats per ounce compared to the price on March 11. The price of silver went up by 0.157 manats, to 26.186 manats per ounce. The price of platinum grew by 18.2325 manats, to 1,404.03…
DetailsLydian International Limited announced that, in connection with the ongoing blockades of road access to the Amulsar Gold Project, Lydian U.K. Corporation Limited and Lydian Canada Ventures Corporation – subsidiaries of the company – had formally notified the government of Armenia of the existence of disputes with the government under the agreement between the Government…
DetailsIn 2018 VSMPO-Avisma received 89.069 billion rubles of revenue, up by 23% YoY. The sales profit grew by 40%, to 31.847 billion rubles.
The sales of spongy titanium increased by 17%, to 33.7 thousand tons, valued at 18.789 billion rubles, down by 2%.
EBITDA decreased by 1.4%, or by 989 million rubles. (Ukrainian metal)
In 2018 Polymetal increased gold equivalent output by 9% YoY, to 1.562 million ounces.
Gold manufacture reached 1.216 million ounces, up by 13%.
Silver output fell by 6%, to 25.3 million ounces.
In 2019 Polymetal intends to produce 1.55 million ounces of gold and in 2020 – 1.6 million ounces. (Ukrainian metal)
In 2018 Polymetal revenue increased by 4% YoY, to $1.88 billion. Gold sales reached 1.198 million ounces, up by 10%, while silver fell by 3%, to 25.7 million ounces. EBITDA went up by 5%, to $780 million. Net profit was $355 million, up by $1 million. Capital expenses dropped by 10%, to $344 million. The…
DetailsKarelsky Okatysh has performed a unique action – lifted a 670-ton excavator to repair it. For this a special lifting mechanism was used, which was designed for the company. Its lifting capacity is 1 thousand tons. “This is a unique machine. None in Russia has it”, the company repair mechanic Dmitry Yepanchin said. The use…
DetailsIn January-February Irkutsk region mined 2232.9 kg of ore gold, down by 5% YoY. At present only 4 companies are mining for gold in the region. Polyus Verninskoye extracted 1392.3 kg of gold, while the rest (940.6 kg of gold) was extracted by Druza LLC, Vysochaishiy and Ugakhan. This year the region intends to obtain…
DetailsIn 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant.
“We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said.
Last year Rusal was building Tayshet with its own funds.
The new commission time is now Q4 2020. (Ukrainian metal)
In 2018 the net profit of ChTPZ grew by 91.6% YoY, to 7.726 billion rubles, Gross profit increased by 18%, to 44.286 billion rubles, and EBITDA – by 19%, to 28.223 billion rubles. Revenue went up by 13%, to 178.84 billion rubles. The company net debt as of late 2018 was 68.4 billion rubles. The…
DetailsTZRK, a part of Vysochaishiy (GV Gold), has won an auction to develop and mine ore gold at the Ergelyakh field. The size of the site is 69.1 square km. The R1 resources are estimated at 0.12 tons, R2 – 0.6 tons and R3 – 9.3 tons. Last year TZRK mined 93 thousand ounces of…
DetailsIn February Beloretsk Iron and Steel Works increased metal wares sales by 11% YoY, to 38 thousand tons. The company has increased sales to the aviation, machine-building, construction and bearing industry enterprises. Rods with specially treated surface for the manufacture of springs and fasteners, as well as the cold-deformed rebars for the manufacture of various…
DetailsA new player has appeared on the gold-extraction market of Sverdlovsk region. Severouralskaya Mining Company LLC has received a license to prospect and mine gold at the Vilyuiskaya field. The C1 reserves are estimated at 206 kg, and C2 – 377 kg of ore gold. The company has paid 118 million rubles for the right…
DetailsIn May gold extraction will start at the Polyanka deposit in Khabarovsk region. So far the Resurs LLC has already prepared the crushing complex of the processing factory with the capacity of 600 tons of ore per hour. In the first year of operation it is expected to produce 1.5 tons of gold. The gold…
DetailsThe Vostoc-2 miners team intends to extract 67 kg of alluvial gold this season.
In particular, the team will finish developing the Moiga site, though the license is valid until March 2022.
The team will also be developing the site at the Kuzkin Brook.
Last year the team extracted 64 kg of gold. (Ukrainian metal)
According to the current development strategy of Kyrgyzaltyn OJSC, work will be aimed at transforming the company from a production enterprise into a management company with a holding structure, Chairman of the Board of Kyrgyzaltyn, Almaz Alimbekov, declared. According to him, in the future, the main areas of activity of the holding company should be…
DetailsThe second rolling shop of the Belarusian steel mill BMZ has made 2 million tons of products. The milestone batch of products was shipped to the Netherlands. The second rolling shop is designed to make a broad range of rolled products, section iron, reinforcing bars, and other kinds of merchandise. It was commissioned in 2015.…
DetailsEnergomashspetsstal has shipped another batch of rolls to ArcelorMittal Temirtau. In particular, the company has shipped 8 bulk supporting rolls for cold- and hot-rolling mills. The total weight of the batch is 268 tons. The companies have been cooperating since 2010. In January the companies signed a contract according to which EMSS had to produce…
DetailsIn February Yuzhniy Mining and Processing Works produced 985.5 thousand tons of concentrate, up by 7.6% YoY.
At the same time sinter manufacture dropped by 33.6%, to 105.9 thousand tons.
In January-February UGOK produced 2087.2 thousand tons of concentrate, up by 6% YoY. Sinter manufacture fell by 27.3%, to 211.6 thousand tons. (Ukrainian metal)
The Russian Industry and Trade Ministry may ban exports of ores and concentrates of non-ferrous metals as well as scrap and waste of precious metals from May 1 through October 31. The draft ruling’s note said that the capacities of the Russian precious metals refineries were loaded by less than 30% in 2018, while revenue…
DetailsRussian aluminum giant UC RUSAL expects global aluminum demand to rise by 3.7% YoY, to 68 million tons in 2019, as the market recovers from the trade wars and after supply crises of July-December 2018, the company said. In 2018, global demand for aluminum grew by 3.6%, to 65.6 million tons, and demand in China…
DetailsIn 2018 Russia exported 5.74 million tons of scrap valued at $1660 million, up by 6.9% and by 24.9% YoY respectively. Turkey accounted for some 43% of the purchases, up by 4.9%. In December 2018 the average prices was $256 per ton, up by 2%. The share of Belarus is 24.2%, up by 4.8%, and…
DetailsThe Ministry of Industry and New Technologies is calling on the Tajik-Iranian gold-extracting company Pakrut to increase output and processing. Since 2014 Pakrut has been fully owned by China Nonferrous Metal International Mining Co., Ltd. The first gold ingots were produced in early 2017. The same year the Pakrut mine was damaged by snow avalanches.…
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