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In 2018 investments in prospecting on the territory of the Khabarovsk region totaled 3.5 billion rubles, of which 2.9 billion rubles were invested by private companies, and 574 million rubles spent from the federal budget. Gold reserves grew by 24 tons. At present 62 enterprises are engaged in the prospecting of precious metals in the…
DetailsThe Norilsk Nickel Investment committee has approved of projects to decrease pollution and improve environment situation at the Monchegorsk site of the Kola Iron and Steel Company. In particular, the fourth technological system of the sulfur acid shop will be modernized, and the electric filters in the dust-exhausting department of the refining shop will be…
DetailsSeverstal has concluded an agreement with Ust-Kamenogorsk Technical Machinery Works (Kazakhstan) on the delivery of an electric filter for the dust-exhausting system in the Cherepovets Iron and Steel Works sinter manufacture. The new equipment has been developed to fit the size of the old electric filter. Investments in the project amount to 100 million rubles.…
DetailsIn 2018 Sibantrazit enterprises (Sibirsky Antrazit, Razrez Vostochniy LLC and Razrez Kiyzasskiy LLC) mined 24.1 million tons of coal and sold 23.7 million tons. The group revenue reached 132.8 billion rubles, up 1.9-fold YoY. Taxes paid amounted to 12.5 billion rubles, with profit tax accounting for 8.4 billion rubles. (Ukrainian metal)
DetailsIn January-February Russia imported 0.86 million tons of ferrous metals, down by 23.5% YoY. In February imports fell by 14% MoM, to 0.458 million tons. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, waste and scrap totaled 0.726 million tons, down by 13.5% YoY. In February imports…
DetailsThe gold ore reserves of Russia’s Polyus fell by 4.7%, to 64.4 million ounces as of December 31, 2018, as calculated under the JORC Code, the company said. Mineral resources rose by 0.8%, to 191.5 million ounces. (Prime/Ukrainian metal)
DetailsIn January-March Ukraine imported 5.25 million tons of coal, down by 8.6% YoY. According to the State Fiscal Service, the value of the imported coal was $740.09 million, down by 2.7% YoY. In particular Russia supplied $476/95 million worth of coal (or 64.45%), USA – $212.57 million (28.72%), Kazakhstan – $31.07 million (4.2%) and other…
DetailsGold and silver prices increased in Azerbaijan on April 9 compared to the prices on April 8. The price of gold grew by 5.083 manats, to 2,208.963 manats per ounce. The price of silver went up by 0.2041 manats, to 25.9451 manats. The price of platinum decreased by 7.4205 manats, to 1,535.797 manats. And the…
DetailsOn March 27-29 the Siberian department of the Federal Service on Ecological, Technological and Nuclear Surveillance (Rostechnadzor) carried out an unscheduled inspection of the Zapadno-Sibirksy Iron and Steel Works. The reason for the inspection was a fatal accident at the plant on March 16. As a result of the inspection 19 violations of the industrial…
DetailsThe Zabaikalye region group of companies Vostochnoye GRE plans to get 650 kg of alluvial gold in 2019. This year the enterprise will operate at 6 sites. The work will start in mid-May. At present the group of companies has gold reserves in the amount of 1.5 tons. 2.5 tons more will be added when…
DetailsRussian Railways specialists have carried out inspection of the rail manufacture at the Chelyabinsk Iron and Steel Works. They have visited all the departments connected to the rail manufacture, quality control and rail tests. As a result of the audit, the ISO 9001 quality management system was named efficient. The ChMK rails conform to the…
DetailsInternational rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable. In its official statement, Fitch positively assessed the company’s financial stability, ensured by a high level of operating efficiency and a low debt. Shamil Kurmashov, NLMK Group CFO, said: “We welcome the…
DetailsOn April 8, the rating agency Fitch Ratings upgraded company’s Long-Term Issuer Default Rating to BBB from BBB- with Stable Outlook. In its press release Fitch Ratings notes that the rating upgrade reflects MMK’s ability to maintain a conservative financial profile during market turbulence due to the company’s low cost of operations, focus on high-value…
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