Kumtor Gold Company has released the Environment and Sustainability Report for 2017. The report is published to inform the governmental authorities, non-governmental sector and the general public about the environmental performance at the Kumtor mine and measures taken by the company to protect the environment. The publication of the report is a voluntary initiative of…
DetailsIn January-June Krivoy Rog Iron Ore Industrial Complex produced 2.468 million tons of iron ore, down by 8.6% YoY. In June iron ore output totaled 422 thousand tons. Last year the company produced 5.074 million tons of iron ore, up by 1.5% YoY. (Ukrainian metal)
DetailsIn January-June by-product coke plants imported 5.67 million tons of coking coals and coal concentrate, up by 17% YoY, with 0.91 million tons imported in June, up by 1% MoM. Ukrainian coal deliveries reached 1.45 million tons, down by 12%, with 210 thousand tons supplied in June, down by 3% MoM. 743 thousand tons of…
DetailsIn March Almalyk Iron and Steel Works started construction of the roasting furnace No. 4 in the rare metals shop of the copper smelting works. The shop operates 3 furnaces with the capacity of 1800 tons of molybdenum product per year. Another furnace will increase molybdenum product processing by 30% per year. (Ukrainian metal)
DetailsIn April-June MMK sold 2.848 million tons of metal, up by 0.7% QoQ, including 1.381 million tons of high added value products, up by 2.7%. In 6 months MMK sold 5.675 million tons of metal, including 2.726 million tons with high added value, up by 2.1% and by 7.3% YoY respectively. In particular, sales of…
DetailsIn January-June Ukrainian metal companies consumed 935 million cubic meters of natural gas, up by 11% YoY. In June gas consumption totaled 145 million cubic meters, up by 4% MoM. In 6 months electricity consumption reached 5.9 billion kW-h, up by 11%. (Ukrainian metal)
DetailsAccording to the Statistics Committee of the Ministry of the National Economy, in June steel output reached 385 thousand tons, down by 1.8% YoY. In January-June Kazakhstan produced 2.32 million tons of steel, up by 2.9% YoY. Rolled metal manufacture grew by 6%, to 1.461 million tons, with 189 thousand tons produced in June, down…
DetailsIn January-June Ukraine exported 270 thousand tons of scrap, up by 106% YoY. Scrap procurement grew by 12%, to 1.902 million tons. Deliveries of scrap to metal companies increased by 4%, to 1.632 million tons. In June 346 thousand tons of scrap were procured, down by 6% MoM, of which domestic companies received 327 thousand…
DetailsArcelorMittal Kriviy Rih has signed a contract for the delivery of Siemens STC-GV (160-3) blower for its largest blast furnace No. 9. The total cost of the contract is $13 million. The commissioning of the blower will increase pig iron output and decrease CO2 emissions by 30.5 thousand tons per year. The project presupposes the…
DetailsUkrmetallurgprom forecasts the increase of steel output in August to 1.8 million tons. Pig iron manufacture is expected to total 1.8 million tons and rolled metal – 1.6 million tons. In June Ukraine increased steel output by 1% MoM, to 1.71 million tons. Pig iron manufacture grew by 3%, to 1.63 million tons, and rolled…
DetailsPrices for precious metals in Azerbaijan continued to decline on July 17, according to the data published by the Central Bank. The price of gold decreased by 5.457 manat, to 2110.227 manats per ounce compared to the price on July 16. The price of silver decreased by 0.0605 manats, to 26.8797 manats per ounce. The…
DetailsThe Georgian Industrial Group (GIG), the largest industrial holding in Georgia owning Saknakhshiri coal mining company, is ready to gift the company to the state in the wake of the fatal incident in the Tkibuli Mindeli Mine, which claimed the lives of four miners and left six others with severe injuries. GIG states that despite…
DetailsRussia’s production of finished, semi-finished, and powdered gold fell by 13% YoY but rose by 26.5% MoM in June, the Federal State Statistics Service said in a report. In January-June gold production decreased by 1.2% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but…
DetailsPrime Minister of Georgia Mamuka Bakhtadze has announced the closure of Mindeli coal mine where four died and six injured as a result of a methane explosion on July 16. “I express my wholehearted condolences to the families of the victims in this difficult moment. The state cannot allow the vulnerability of health and life…
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