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The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles. 3 thousand jobs will be created. The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)
DetailsThe shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved payment of 2.114 rubles per share in dividends for January-September, the company said in a statement on December 12. The shareholder register for dividends is to close on December 18. MMK paid 1.589 rubles per share in dividends for April-June, 0.801 rubles per share…
DetailsIn January-October Russia exported 161.2 million tons of coal up by 10.3% YoY. In October coal exports dropped by 23.3% MoM, to 14.8 million tons. Revenue from coal exports in 10 months increased by 25.5%, to $13.7 billion. According to the Federal Customs Service, coke exports in 10 months decreased by 9.6% YoY, to 9.6…
DetailsIn January-November the volume of industrial output in Kazakhstan increased by 4.5% YoY, including by 4.7% in mining. Iron ore mining grew by 7.3% due to the increase in the output at Sokolovsko-Sarbaysky Mining and Processing Works. Non-ferrous ores output increased by 3.9%. (Ukrainian metal)
DetailsSeverstal Steel Ropes has registered a new trademark – Triniks. The mark will be applied to products used in cargo and passenger cable roads. The name of the trademark is comprised of the part of the Latin word trinus (journey) and nix (snow, with changed letters). “The industry of ski sports and extreme attractions is…
DetailsIn 2018 Yekaterinburg Non-Ferrous Metals Processing Works has continued increasing the geography of sales. This year the company has entered the new markets in Europe and South-Eastern Asia, including Spain (products for medical industry) and Thailand (standard silver samples). Thus, the geography of exports has expanded to 33 countries. The company has also been making…
DetailsRaspadskaya mine extracted 806 thousand tons of coal in November, up from the target of 684 thousand tons. This is the best monthly result among Raspadskaya Coal Company enterprises. This is also the highest result for the past 8 years. The mine is managed by the Raspadskaya Coal Company and extracts coking coal. (Ukrainian metal)
DetailsIn January-November Priisk Solovievsky extracted 2933.9 kg of gold on the territory of Amur region, down by 2.2% YoY. 1992.9 kg accounted for alluvial gold, and the rest (941 kg) for ore gold from the Solovievsky deposit. In 11 months of 2017 the company extracted 2999.4 kg of gold, including 2055.2 kg of alluvial gold…
DetailsIn 2019 the Fund of pipe industry development expects pipe consumption in Russia to grow by 1% YoY, while output will increase by 4%. OCTG pipes segment will grow by 4%, oil and gas pipes – by 2%, and construction and industrial pipes by 1%. In 2018 the volume of boring all over Russia increased.…
DetailsThe Pipe Metallurgical Company has for the fist time shipped a batch of casing pipes with the diameter of 244.48 mm of the L80 strength group with TMK UP PF joints to Sakhalin Energy Investment Company Ltd. The pipes have been successfully unloaded at the Astokhskoye deposits in the Sea of Okhotsk. The order has…
DetailsChelyabinsk Iron and Steel Works and Mechel-Coke have been switched to a special mode of operation to decrease pollution under unfavorable weather conditions. In particular, ChMK has shut down its 125-ton electric arc furnace, one furnace in rolling shops Nos. 1 and 4, two crushers, etc. The manufacture in the rolling shop No. 4 has…
DetailsIn January-November Ukraine exported 823.45 thousand tons of ferroalloys valued at $899.895 million, down by 3.2% and by 11.4% YoY respectively. According to the State Fiscal Service, the main importers were Turkey (17.37%), Italy (14.99%) and the Netherlands (13.7%). At the same time Ukraine imported 51.24 thousand tons of ferroalloys valued at $148.9 million, down…
DetailsThe country’s two giants, Bakyrchik mining enterprise and Sary Arka Copper Processing, are set to reach full production capacity. “The advanced mining enterprise using the latest equipment and technologies is set to produce 10 tons of gold concentrate an average per year. Realization of the project will let excavate gold ore within nine years and…
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