The undistributed fund of the Zabaikalye region has coal worth some 5.5 trillion rubles. Development of these deposits could attract 116 billion rubles and create 2.6 thousand jobs. There are also ongoing projects worth 4 trillion rubles. Investments in them are estimated at 7.4 billion rubles. Moreover, the region has 258 sites with gold and…Details
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The Russian government has decided to decrease the rare-earth metals ore mining tax. According to the chairman of the government Dmitry Medvedev, this will stimulate the mining of rare-earth metals. The tax is proposed to be decreased from 8% to 4.8%. “Some types of rare-earth metals are of strategic importance. But the development of their…Details
Members of the parliament Andrey Lugovoy, Irina Guseva, Sergey Kryuchek and Boris Paykin have submitted to the State Duma the draft bill to limit cash payments when accepting scrap of ferrous and non-ferrous metals from the population. The document provides for the mandatory non-cash payment when the scrap valued over 10 thousand rubles is purchased.…Details
The State Service for Combating Economic Crimes of Kyrgyzstan detected two companies in Osh region that illegally mined and exported antimony to China, press service of the agency reported. According to it, U.T. and K. Company in 2017 and from January 1 to June 30 exported 1,764 tons of antimony ore and concentrate to the…Details
In January-November East Mining Company extracted 7 million tons of coal, or 90% of the annual target. This year the company intends to sell over 8 million tons. This will set new records on mining and shipping coal for Solntsevsky Coal Pit and Coal Seaport of Shakhtersk in the Sakhalin region. ECM is the largest…Details
In January-October the Republic of Buryatia extracted 4756.3 kg of gold. Ore gold accounted for 2806.9 kg. Alluvial gold output totaled 1949.4 kg. Last year the region extracted 5678 kg of gold, including 3610 kg of ore gold. (Ukrainian metal)Details
The Oscol Electrometallurgical Works has commissioned a new machine of water descaling. Investment into the machine, assembled at the mill-350 in the bar-rolling shop No. 2, totaled 180 million rubles. “The project has been carried out under the program to improve SBQ (special bar quality) quality. The new machine will greatly increase our product portfolio…Details
In case there are delays when passing the Kerch Strait, the Metinvest will reroute its logistics to the Black Sea ports. “Of course, the payment for railroad transportation will result in additional expenses, but Metinvest will save on increased cargo volume”, the company said. On November 26 and 27 two vessels carrying Metinvest cargo to…Details
In January-October Ukrainian by-product coke plants increased 6% moisture coke manufacture by 4.7% YoY, to 8.986 million tons. According to Ukrkoks, in October output was 952 thousand tons, up from 878 thousand tons in September. The output growth is due to the slight increase in pig iron manufacture. In 2019 Ukraine is expected to increase…Details
In October Russia produced 4.3 million tons of pig iron, down by 0.7% YoY (4.17 million tons in September). In 10 months pig iron output totaled 43.138 million tons, up by 0.4% YoY. Ukraine, no longer a part of CIS, decreased pig iron output by 0.2% YoY, to 1.785 million tons in October (1.667 million…Details
In January-September DTEK received 3.395 billion UAH of net profit, including 2.009 billion UAH of net loss in Q3. In particular, the financial results were influenced by the decrease of the hryvnia exchange rate. The loss of currency exchange rate difference totals 0.6 billion UAH. The company income was 119.812 billion UAH in 9 months,…Details
Energomashspetsstal has won a tender to supply 377 tons of rolls to Zaporizhstal. According to the company statement, the new agreement was signed following the tender held in November. Next year EMSS will produce 16 vertical and back up rolls for cold- and hot-rolling mills. The rolls will be shipped by installments according to the…Details
Russian Railways announce another decrease of tariffs for the transportation of ferrous metals and other goods. From January 1 till December 31, 2019 some Ural metal plants will get special tariff conditions. In particular, RZhD is introducing a 47% discount on inner transportation of ferrous rolled metals from the Polevskaya station to the Kamensk-Uralsky station.…Details