In January-June, Silver Bear Resources produced 1.034 million ounces of silver, up by 81% YoY. The company is developing silver deposits within the Mangaseia project in Yakutia. SBR started operating there last autumn. In May, the company was able to increase efficiency. In particular, ore processing grew by 21.5%, to 54.9 thousand tons with the…Details
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In January-July, the capacity of the domestic market totaled 2539.4 thousand tons of rolled metal, including 644.4 thousand tons (25.4%) of imported metal. In 7 months of 2019, the capacity of the market was 2308.7 thousand tons, including 826.7 thousand tons (35.8%) of imported metal. Thus, capacity increased by 10%, while the share of import…Details
In August, Poltava Mining and Processing Works produced the 500-millionth ton of iron ore concentrate. “The first ton was produced in 1970, and in 50 years of successful operation, PGOK has manufactured 500 million tons”, the company chairman Victor Lotous said. Since the late 1990s, PGOK as implemented over 10 important projects valued at $50…Details
Since the start of the washing season, Chay-Urya zoloto LLC, a part of Susumanzoloto, has extracted 620 kg of gold at the alluvial sites in Magadan region. This year the company is developing two sites in the valley of the Berelekh and Kvartseviy brooks. The washing season will last till October 10. Until then the…Details
In January-July, Mariupol Ilyich Iron and Steel Works increased rolled metal manufacture by 3% YoY, to 2.01 million tons. Steel output grew by 5%, to 2.26 million tons, pig iron – by 3.5%, to 2.69 million tons, and sinter – by 10%, to 7.01 million tons. In July, the company produced 360 thousand tons of…Details
Mariupol Ilyich Iron and Steel Works has received a UNIDACHS 423 converter notch-replacing machine. With its help the assembly of a new notch block will speed up from 3.5 hours to 80 minutes. Investments in the project amounted to 16.8 million UAH. (Ukrainian metal)Details
The acting chairman of the Republic of Sakha (Yakutia) government Andrei Tarasenko has held a meeting on the gold-extracting industry situation. According to the industry participants, the situation is positive. At the same time, there are some difficulties connected with limitations due to the coronavirus pandemic and in some cases with low reserves and capacities.…Details
Ukrtransgaz has announced an auction in the Prozorro system to sell scrap. The company is offering 2 lots of ferrous metals. The auction will be held on August 19. The initial price of the lots is 1.4 million and 350 thousand UAH. (Ukrainian metal)Details
In January-July, Sukhaya Balka decreased iron ore output by 3.3% YoY, to 1.5 million tons. In July, the enterprise produced 22.1 thousand tons of ore, up by 5.5%. Last year, the iron ore output increased by 0.3%, to 2.727 million tons. (Ukrainian metal)Details
Aktyubinsk Rail and Beam Works has mastered and certified the manufacture of railroad rails according to a Ukrainian standard. Now the company intends to replace Ukrainian rails with its own in Ukrainian Railways purchases. An auction to buy 21 thousand tons of rails has been scheduled for October 7, and Aktybinsk Works will take part…Details
The European Bank for Reconstruction and Development investment in a controversial $400-million gold mine in Armenia is to end, a new assessment by the bank’s complaint body states. For the past two years, Lydian International’s Amulsar gold mining project in southern Armenia has been under blockade by local people and environmental activists, who blocked access…Details
ArcelorMittal Kriviy Rih invested UAH 389.2 million in environment protection in January-June. Every year, the company allocates funds for implementation of major investment projects with environment component, including repair of fixed assets intended for environment protection purposes. This year, ArcelorMittal Kriviy Rih continues reconstruction of sinter plant No. 2 to reduce dust emissions. Modernization of…Details
As of early August, Nikopol Ferroalloy Plant has accumulated a monthly norm of products at its warehouses due to the absence of demand. “We’re selling twice less products than we produce. We need to construct new covered warehouses, as there are no prospects of sales increase”, the company CEO Vladimir Kutsin has said. According to…Details