Prime Minister Dmitry Medvedev has signed an order to provide a subsidy for the construction of the power line under the infrastructure creation for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia). GV Gold will receive 638 million rubles from the federal budget to construct power lines with the length of…Details
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Karelsky Okatysh has commissioned the united operation station of crushing and processing site. Now only 1 employee is in control of the whole process. The united operation station is the first step to create a global system to control the company working processes. At the next stage Karelsky Okatysh intends to unite operation stations of…Details
In January-September Sinarsky Pipe Works received 649.84 million rubles of net profit, down from 1.14 billion rubles in 9 months of 2017. Revenue grew by 17%, to 32.52 billion rubles. Sales profit dropped from 2.1 billion rubles to 1.2 billion rubles. Short-term liabilities increased from 65.6 million rubles to 3 billion rubles. (Ukrainian metal)Details
The Alardinskaya mine was the first among Raspadskaya mines to reach the annual output target, having yielded 3 million tons of coal as of November 7. In early September the mine was the first to produce 2 million tons of coal from one shaft. In September 451 thousand tons of coal were mined, a record…Details
In January-October Ukraine imported 17.425 million tons of coal, up by 15.5% YoY, valued at $2.461 billion, up by 14.4%. Russia supplied $1.525 billion worth of coal (62%), USA – $739.27 million (30.04%), Canada – $126.946 million (5.16%) and other countries – $68.88 million (2.8%). Moreover, in 10 months Ukraine exported 56.223 thousand tons of…Details
Employees of the state enterprise Lvivugol have blocked the road to the customs checkpoint of Rava-Russkaya on the border with Poland. The miners demand being paid salary for September and October. Some 40 miners participated in the strike. The police have agreed with the strikers to let cars through every 15 minutes. The miners also…Details
On November 16, on the day of its 85 years, Zaporizhstal received conformation of its records entered into the National project of records of Ukraine. This is the reconstruction of the blast furnace No. 3 and the environment initiative “Save the Dnepr Together”. The reconstruction lasted for 8 months, while usually it lasts for 1.5…Details
US has retained the 163% import duty on ferrosilicomanganese from Ukraine. The country believes that if the duty is cancelled, local manufacturers will be severely hit. The antidumping duty of 163% was set in 1994 as the result of the investigation initiated by local ferroalloys manufacturers. In September 2006 it was prolonged for 5 years.…Details
Magnitogorsk Iron and Steel Works’ (MMK) Industrial Park signed a cooperation agreement with the Chelyabinsk Region Investment Development Agency and Metallurgic Deoxidizers Plant. The parties have agreed to cooperate on a project to construct a plant in Magnitogorsk to produce deoxidizers for steel, located in MMK Industrial Park. Investment in the first stage of the…Details
Magnitogorsk Iron & Steel Works (MMK) participated in Metal-Expo’2018, the 24th International Industrial Exhibition, in Moscow. Traditionally, MMK’s stand was one of the biggest and the most impressive at the forum. Its visitors were able to explore a wide range of products and technological capabilities from both MMK plant itself and MMK Group’s companies. Among…Details
Precious metal prices increased in Azerbaijan on November 16, according to the data published by the Central Bank. The price of gold grew by 5.831 manats, to 2,066.4265 manats per ounce on November 16 compared to the price on November 15. The price of silver went up by 0.2569 manats, to 24.3513 manats per ounce.…Details
NLMK Group, an international steel company, is pleased to announce the appointment of Peter Georg Selbach as CEO of NLMK Belgium Holdings plate business, which includes two companies in Europe: NLMK Clabecq (Belgium) and NLMK Verona (Italy). Peter Selbach will succeed Cornelius Louwrens, who will be leaving the company before the end of 2018. Peter…Details
Polymetal has started the seasonal activity suspension at the heap leaching factory in Magadan region. The operation of the factory lasted for a month longer this year. Thus, the northernmost heap leaching site of Russia increased gold output in January-September by 189% YoY, to 308 kg. The preparation for the factory conservation will take some…Details