Russia: gold output to increase in 2016

In 2016 Russia plans to produce 297 tons of gold, up by 1.2% YoY.

Last year Russia produced 293.4 tons of gold, up by 2% YoY

In January-September gold output went up by 0.4% YoY, to 219.25 tons. (Ukrainian metal)

Kyrgyzstan: Irisay goldfield to be put up for auction

The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19.

The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)

Ukraine: metal makers draw Antimonopoly committee attention to Ukrzaliznytsia plans

The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…


Russia: OMK president Markin congratulates best Trubodetal employees

The Trubodetal Manufacturing Facility (AO Trubodetal, Chelyabinsk, a United Metallurgical Company (OMK) subsidiary) hosted an award presentation ceremony for the winners of the Best Employee competition in honor of Trubodetal’s anniversary. The manufacturing facility’s most successful and effective employees received awards in 24 categories, including worker and engineering occupations as well as for administrative and…


Russia: Chinese firms to buy 5% in Polyus

China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…


Ukraine: coal output up in October 2016

In October Ukraine (without the Russia-occupied Crimea and ATO zone) mined 2.7 million tons of coal, up by 0.2% YoY and by 5% MoM.

According to the State Service of Statistics, in January-October coal output went up by 4% YoY.

In September coal output dropped by 4%. (Ukrainian metal)

Russia: UGMK to invest 2.2 billion rubles into Gaysky GOK mine

In 2016 UGMK will invest some 2.2 billion rubles into underground mining at the Gaysky Mining and Processing Works.

According to the company statement, this will increase mining capacities to 7 million tons of ore per year.

Gaysky GOK plans to mine 9.2 million tons of ore, slightly down YoY. (Ukrainian metal)

Ukraine: InGOK concentrate up in January-October 2016

In January-October Ingulets Mining and Processing Works produced 9.74 million tons of iron ore concentrate, up by 2.6% YoY.

According to a company representative, in October InGOK produced 880 thousand tons of concentrate, up from 739 thousand tons in September. (Ukrainian metal)

Russia: Severstal processing volumes up

In January-October Severstal-SMC-Vsevolozhsk, a part of Severstal Russian Steel processed over 60 thousand tons of metal, which exceeded the total 2015 results. The company offers a wide range of metal processing services and welded billet production. It operates the first line in Russia on welded billet manufacture for automobile producers. The line is capable of…


Ukraine: Zaporizhstal confirms management correspondence

Zaporizhstal has confirmed the correspondence of its integrated management system to ISO 14001, ISO 9001 and OHSAS 18001.

According to the company statement, the audit has been carried out by Bureau Veritas Certification Ukraine. (Ukrainian metal)

Ukraine: Bublei appointed UAVtormet president

The Ukrainian association of secondary metals (UAVtormet) has elected Vladimir Bubley the president.

Bublei has been the general director of Ceramet since 1995.

UAVtormet, founded in 1999, unites scrap companies of Ukraine, which provide for some 75% of scrap processing. (Ukrainian metal)

Russia: Susumanzoloto elects CEO

Susumanzoloto board of directors has elected the chief technician and acting general director Alexander Chugunov CEO of the company. Chugunov has been appointed for 5 years. Susumanzoloto is among top-10 gold producers in Russia. In 2015 the company and its subsidiaries mined 4234.4 kg of gold, up by 6.58% YOY. This year it plans to…


Russia: Nornickel joins the UN Global Compact

PJSC «MMC «Norilsk Nickel», the world’s largest producer of nickel and palladium, has joined the United Nations Global Compact. This major UN initiative in the area of corporate social responsibility and sustainable development unites entities committed to responsible business and good industry practice worldwide. “Joining the United Nations Global Compact is a milestone for Nornickel…


Ukraine: VostGOK uranium concentrate output down in January-October 2016

In January-October Vostochny Mining and Processing Works produced 810.5 tons of uranium concentrate, down by 14.6% YoY. According to the company statement, the cost of the concentrate produced totaled 2.6 billion UAH. In October VostGOK produced 88.4 tons of uranium concentrate valued at 312.8 million UAH. In January-September concentrate output at VostGOK dropped by 17.6%…


Russia: Rusal sells its Jamaica alumina

Rusal has sold 100% stake in its Alpart bauxite-alumina complex in Jamaica to the Chinese Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO), for $299 million. Alpart sale will not affect Rusal’s self-sufficiency in alumina. Alpart (Alumina Partners of Jamaica) is a large alumina producer, using bauxites extracted from its own mines. Before it was…


Russia: Alardinskaya mines 2 million tons of coal

Since the beginning of the year Alardinskaya mine yielded 2 million tons of coal.

“The world and local markets witness coking coal shortages. To satisfy the metal makers demand we have to work efficiently. Alardinskaya miners successfully cope with this task”, Raspadskaya Coal Company CEO Sergey Stepanov said. (Ukrainian metal)