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In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…
DetailsIn January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…
DetailsAccording to the Russian Railroads, in August transportation volumes reached 108.4 million tons, up from 107.6 million tons in July and by 2% YoY. In January-August railroads transported 857.8 million tons, up by 2.9% YoY. In particular, iron and manganese ores accounted for 77. million tons, up by 5.4%, ferrous metals – 52.5 million tons,…
DetailsThe gas supplies to the Mikhailovsky Mining and Processing Works have been suspended following an accident at the gas pipeline in Kursk region. This is the fifth accident on Gazprom pipelines since the start of the year. Because of the accident MGOK has suspended the manufacture of pellets. (Ukrainian metal)
DetailsTitan, the works of the Ukrainian oligarch Dmitry Firtash in Russia-occupied Crimea, is working on Ukrainian raw materials from Zhitomir region. The following scheme is used to supply the ilmenite: Odessa port – Samsun port under fictitious contract – Kerch. “Ukraine really has to do with the environment catastrophe in Crimea. But the thing is…
DetailsA shutdown of the Nadvoitsy Aluminum Smelter is long overdue, but aluminum giant RUSAL has not discussed closure of its other plants, Industry and Trade Minister Denis Manturov declared on September 4. “Concerning shutting and preservation works at the other facilities, I am unaware of anything of the kind. Maybe there are rumors or discussions…
DetailsThe Ural division of Rostechnadzor has filed a suit to the court to suspend the operation of the Serov Ferroalloys Works because of the breach of industrial safety regulations. The company has faced an unscheduled inspection following the death of a crane operator in June. During the inspection 26 violations of industrial safety requirements have…
DetailsCorum Svet Shakhtera has created a mine complex, consisting of a shearer, a longwall conveyer, a loader and anchoring. While creating the complex, the machine-builders have taken into account the peculiarities of the Donbass mines, which are the main customers of Corum. In particular, this complex was ordered by the Sadkinskaya mine. (Ukrainian metal)
DetailsDortrans LLC from the city of Khabarovsk has filed a suit to the arbitrary court of Irkutsk region on declaring the Bratsk Ferroalloys Works LLC bankrupt. The suit was registered on August 30, but the hearing had not been scheduled yet. The amount of claims is 1.45 million rubles. In April a court already satisfied…
DetailsAs of September 3, the Novaya miners team has yielded 134 kg of gold. This season the team has started washing at a new site – Nizhnyaya Amunakta, having so far obtained 60 kg of gold. The enterprise is also prospecting at Tangrak. The development of the site is scheduled for spring 2019. The team…
DetailsOn August 31 Belarus Iron and Steel Works exceeded a milestone in sales – $1 billion. This year the milestone has been reached 2 months earlier than in 2017. The symbolic billionth dollar was earned by a batch of bars shipped to Zerbst GmbH (Germany). In January-August BMZ sold 1.5 million tons of metal, with…
DetailsMednogorsk Copper and Sulfur Works is repairing roof and walls of the copper smelting shop. The repair is carried out under the program of premises maintenance. In May-June the contractors repaired 712 square meters of walls. At present they are working on the roof of the size of 1539 square meters. Last year 1782 square…
DetailsElga coal complex, developed by Elgaugol LLC, is the largest coal deposit in Russia, employing 1650 people. In January-June 2.5 million tons of coal were mined there, up by 31% YoY. Elga coal is in stable demand on the local market and in the countries of the Asian-Pacific region. Elga coal complex is the largest…
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