Baikal Mining Company belonging to billionaire Alisher Usmanov will take a $1.4-1.45-billion loan from Russian banks to finish construction of a plant at the Udokan copper deposit, Chairman of the Board of Directors Valery Kazikayev said at a mining congress on January 29. “We have invested about $900 million of own funds, and three key…Details
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Gold prices increased, while silver, palladium and platinum prices decreased in Azerbaijan. The price of gold grew by 1.904 manats, to 2,217.208 manats per ounce on January 29 compared to the price on January 28. The price of silver dropped by 0.0788 manats, to 26.7736 manats per ounce. The price of platinum fell by 7.327…Details
In 2018 the Sokolovsko-Sarbaiskoye Mining and manufacturing Enterprise, a part of ERG, increased iron ore raw materials (pellets and concentrate) output by 19% YoY, to 12.5 million tons. In particular, the enterprise produced 8 million tons of concentrate and 4.5 million tons of pellets, up from 6.6 million tons and 3.9 million tons respectively. (Ukrainian…Details
In 2018 Tajikistan mined 1.9 million tons of coal. 12 enterprises were involved in the process, developing 9 deposits. Shakhta Fon-Yagnob accounted for 46% of the total coal output, Talco-Resurs LLC – for 23% and Tajikistan Iron and Steel Works coal mining department – for 18%. 45 thousand tons were exported. Until 2012 the volume…Details
In 2018 Polyus produced 2436 thousand ounces of gold, up by 13% YoY. Ore processing grew by 33%, to 38025 thousand tons. The increase is due to Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity of 10 million tons of ore per year. Revenue increased by 7%, to $876 million. This…Details
In 2018 Evraz ZSMK shipped 6.1 million tons of metal via railroad, down by 2.6% YoY. This is also one of the lowest results in the past 7 years. Deliveries to local customers dropped by 0.2%, to 1.5 million tons, the lowest in 9 years. Exports fell by 3.8%, to 4.14 million tons. (Ukrainian metal)Details
In 2018 Kamchatka region mined 20 thousand tons of coal, down by 7% YoY. At present only one company is developing coal deposits in the region – Palana-Ugol LLC. It is developing the Palanskoye coal deposit. And the mining volume directly depends on customer orders. Last year Kamchatka imported 60 thousand tons of coal. (Ukrainian…Details
In 2018 VSMPO purchased and commissioned 80 units of new machinery. The company also repaired 280 machines, spending 850 million rubles. In particular, 15 mills were modernized, with 7 of them also capitally repaired. The most expensive was the modernization of the cold-rolling mill-2000 electric drives in the rolling shop No. 16. It cost 41…Details
According to the National Statistics Bureau, in 2018 Georgia exported 48 thousand tons of semi-finished steel products to Turkey, down by 27.4% YoY. The cost of the products exported was $22.6 million, down by 15.3%. Last year the trade with Turkey amounted to $1.733 billion, including $233 million worth of exports and $1.5 billion worth…Details
A part of the Krasnoyarsk plant Krastyazhmash, which manufactures mining excavators, will be used to produce metal structures for processing factories at Siberian coal puts. Some premises of the plant will be leased, while others will be disassembled and sold for scrap. The debt of the company is 700 million rubles. (Ukrainian metal)Details
Baikal Mining Company has signed agreements to construct the main energy objects for the Udokan Mining and Processing Works iInfrastructure. According to the agreements, PMK Sibiri will construct a 220/35/10 kW substation, while Energomost will erect a high-voltage line 220 kW Chara-Udokan. Both are turnkey contracts. Construction is to be finished in November. (Ukrainian metal)Details
In 2018 Gaysky Mining and Processing Works extracted 8 million tons of ore, up by 1 million tons YoY. The record high output is due to the constant modernization of the enterprise since 2006. Since then the shafts of the Ekspluatatsionnaya and Kletevaya mines have been deepened to 1420 meters, and the shaft of the…Details
Chelyabinsk Iron and Steel Works has certified new types of flanged beams. In particular, the certificates have been issued for sin-beam and welded beam. The sin-beam is made at the Zeman line with the capacity of 400 tons per month. The certificates are valid until 2023. Last year the company produced over 1.5 thousand tons…Details