An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…Details
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ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…Details
In January-November industrial output in Donetsk region decreased by 12.4% YoY, and in November – by 10.3% YoY, but grew by 3.6% MoM. In November coke output increased by 1.1%, metal – by 3.7%, and coal – by 20.1%, all MoM. At the same time, in YoY terms coke manufacture dropped by 6.1% and metal…Details
In mid-December Russian Platinum submitted a new development project of the Chernogorskoye platinum-copper-nickel deposits to the Federal Agency of Subsoil Use. The company intends to start mining in January 2021. In case of the positive reply from the agency, the company will have 36 months to construct a mining and processing works at the site…Details
In 2017 Izhstal has increased sales of speed steel products by 47% YoY. The main consumers of this steel are local military and car manufacturers: Kalashnikov Concern, Kazan Helicopter Works, Sukhoy, Kamaz, UAZ, etc. The products are also exported to Belarus (MAZ and Belcard). Izhstal is the only Russian producer of cold-rolled belt of speed…Details
The Uralelectromed subsidiary – The Manufacture of Non-Ferrous Metals Alloys – has started commissioning the main equipment of the new mini combined heat and power plant. The commissioning will be carried out in two stages, and the mini-CHPP is expected to be put in operation in late January 2018. Investments in the project totaled 187…Details
The construction of new steelsmelting capacities by China in the Russian Far East is not only against the Global steel forum ideology, but also against the industry meetings decisions taken in 2016. “The idea of the Chinese metal makers to create capacities outside of China is the aim of their industry to decrease environment impact”,…Details
The chairman of the Vnesheconombank Sergey Gorkov said that the strategy on the Industrial Union of Donbass corporation was developed last year. “Some time is needed to carry it out. The Fund of investment assets appeared as a part of this strategy implementation. Has this strategy not been implemented, that would have been a really…Details
In October Russia exported 214.4 thousand tons of pig iron, down by 55% YoY. According to the Federal Customs Service, in January-October exports decreased by 15% YoY, to 3.59 million tons, while revenue grew by 29.4%, to $1.22 billion. USA remain the leader among importers, having purchased 65.7% of all pig iron, up by 15.4%.…Details
It is proposed to change the procedure for issuing licenses to develop deposits in Kyrgyzstan, a member of the Board of the Association of Miners and Geologists of the Kyrgyz Republic, Honored Worker of Industry of the Kyrgyz Republic, Kartabek Mukambetov, said at a press conference on December 27. According to him, to restore order…Details
In October, according to the Customs Statistics, Russia exported 12.3 thousand tons of corrosion-resistant steel scrap and waste valued at around $12.5 million, up by 10.4% MoM and by 18.3% YoY. Moreover, this is the second highest result for the past several years (the largest was recorded in June 2011 – 16 thousand tons). Revenue…Details
In 2017 Khiagda is expected to sell 693 tons of uranium, while in 2008 it sold just 60 tons. For the next year the company has the same goals: further decrease of the prime cost of the products and the manufacturing processes. At the same time it also has new challenges: improve efficiency, increase output…Details
AEM-Tekhnologii has produced for Severstal a cylinder to modernize the accumulator station of the water decaling unit at the 2000 rolling mill. In 2015 the company supplied 2 similar cylinders to Cherepovets. The volume of the cylinder is 9.25 cubic meters. It has successfully passed the tests. (Ukrainian metal)Details
In 2017 ferrous scrap procuring companies will amass 3.7 million tons of scrap, and 80% (2.96 million tons) will be in the shade. As the result the budget will get only 53.3 million UAH. “One of the main issues is the deshading of the scrap market”, Ukrmetallurgprom president Alexander Kalenkov believes. According to him, in…Details
Ukraine has retained the zero quota on gold, silver, precious metals wastes and scrap exports for 2018. The corresponding norm is contained in the Cabinet of Ministers decree dated December 20 and published in the state newspaper Uryadovy Courier on December 23. (Ukrainian metal)Details
The state enterprise Ukrpromvneshexpertisa forecasts that export prices of Ukrainian suppliers of iron ore raw materials in December will fall by over 10%. “The fall will be the result of the Chinese indexes dynamics with a certain time lag. On the local market prices could grow due to the favorable situation on the rolled metal…Details
The Cabinet of Ministers has prolonged for 2018 the licensing of anthracite exports at the approval of the Ministry of energy and coal industry. The correspondent decree No. 1018 dated December 20 has been published in the Uryadovy Courier newspaper. The accompanying message says that the licensing is aimed at preventing uncontrolled exports of the…Details