In October Severstal – Bar Works Balakovo sold 71.5 thousand tons of steel products, down by 22% YoY. The plant set a record in output of 74.5 thousand tons per month in May. In January-October the company shipped 705.7 thousand tons of steel via railroad, up by 20% YoY. Local customers received 608.6 thousand tons,…Details
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The coal production of Russian metals and mining group Mechel fell by 8% YoY, to 14.472 million tons in January-September, the company said in a statement on November 27. Steel output shrank by 7% YoY, to 2.976 million tons in the period, and cast iron production went down by 8%, to 2.817 million tons. Sales…Details
Precious metal prices mostly decreased in Azerbaijan on November 27, according to the data published by the Central Bank. The price of gold dropped by 5.4825 manats, to 2,077.349 manats per ounce on November 27 compared to the price on November 26. The price of silver fell by 0.1821 manats, to 24.2114 manats per ounce.…Details
Dzhumadilde uulu Muradil has been elected a member of the board – Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economics, Finance and Investments, press service of the company reported. The decision was made by the Board of Directors on the basis of a recommendation from the State Committee on Industry, Energy and Subsoil…Details
Kyrgyzkomur state-owned enterprise explained accumulation of vehicles at Kara-Keche field by high demand for coal, press service of the enterprise reported. It is noted that only Kyrgyzkomur has a sorting room at the field. “People want to take selected coal. Other enterprises have lower capacity; their fuel is dusty. We work around the clock. Four…Details
This season Sakhalin has extracted 63 kg of alluvial gold. The only team operating at the sites is Vostoc-2. This year the goal was 70 kg of gold. Because of the low gold content in the sand the team failed to reach the goal. Last year Vostoc-2 yielded 64 kg of gold. Next year the…Details
Khiagda has received new KamAZ shift automobiles. They will be used to transport employees from the settlement to the industrial objects and deposits. To carry out repair works at pipelines, assemble and disassemble pumps and for loading and unloading the company has bought an Ivanovets truck crane. Next year Khiagda will continue replacing its old…Details
Severstal has purchased 100% of Yakovlevsky Mining and Processing Works shares for 7.89 billion rubles. Their major part was received as part of the debt payment from Metal-group LLC. In July 2017 Severstal bought out the LLC debt to Gazprom. In 2018 Metal-group was declared bankrupt. Severstal will continue developing Yakovlevsky GOK. This year ore…Details
Evraz has purchased a vertical boring machine with the well diameter of 2.4 meters. This is the first time when such machinery will be used in Russia. The machine will be operating at Raspadskaya mines. Trial boring will be carried out at the Yerunakovskaya-VIII mine. First, a pilot well with the diameter of 279 mm…Details
The repair shop of Gaysky Mining and Processing Works has used more than 200 tons of metal to produce metal structures to reinforce shafts of its two mines – Skipovaya and Ekspluatatsionnaya. Almost all the main metal structures have been produced at the works. All in all for the Ekspluatatsionnaya mine 137 units of tiers…Details
The state budget for 2019 will provide for 25 million UAH for the Novovolynskaya mine No. 10. This will help keep the mine in trouble-free operation. The volume of financing is optimal until the Ministry of energy and coal industry decides on the further operation of the mine or until it is privatized. (Ukrainian metal)Details
Mutual increase of purchases of in-demand goods will help expand trade and economic relations between Belarus and Ukraine, as Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, mentioned in his speech at Ukrainian-Belarusian forum “Cooperation and partnership”. The forum has been held in Kriviy Rih for the first time. Igor Sokol, the Ambassador…Details
On November 22 Bachaty Coal Pit of Kuzbassrazrezugol mined the anniversary 350-millonth ton of coal since the pit had been commissioned. None of the coal enterprises in Russia has ever had such results. The pit was commissioned in 1949 with the design capacity of 300 thousand tons of coal per year. In the first year…Details