By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…
DetailsIn 2017 Armenia increased metal output by 11.3% YoY, after the 11.1% drop in 2016. According to the National Statistics Service, in 2017 ferromolybdenum production grew by 1.1% YoY, to 6588 tons, with December 2017 output at 490 tons, down by 15.1% MoM. Molybdenum concentrate output increased by 2.8%, to 10961 tons, with 828 tons…
DetailsMMK has put in operation a new car dumper No. 5 at the site No. 2 of the aggloburden preparation shop. The capacity of the dumper is 20 cars per hour. The capacity of the sintering factory being constructed is 16.5 thousand tons of sinter a day, for which 17 thousand tons of burden is…
DetailsIn late 2017 Globus-Stal commissioned the arc-welded round pipes grinding line. In a very short term the company was able to supply over 20 km of pipes to 10 cities. The line grinds pipes with the diameter of 10-80 mm, wall thickness of 0.5-3 mm and the length of 3-6.1 m. (Ukrainian metal)
DetailsIn January Zaporizhstal increased steel output by 11.3% YoY, to 363 thousand tons. According to the company statement, pig iron manufacture grew by 37%, to 394.1 thousand tons, and that of rolled metal – by 11.7%, to 301.9 thousand tons. The company notes that the increase in output is due to the commissioning of the…
DetailsOn January 29 Moody’s rating agency upgraded the MMK Issuer Rating to “Baa3” from “Ba1” with positive outlook. Andrey Eremin, MMK’s Director for Economics, commented: “We at MMK are satisfied with the increased issuer rating. This is a proof that MMK has correctly formulated its strategic development priorities and introduced quite efficient tools to implement…
DetailsMetinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the group”), announced its operational results for the fourth quarter and 12 months of 2017. In Q4 2017 Metinvest’s hot metal output increased by 6% QoQ, 2,154 thousand tons, driven mainly by a rise…
DetailsAutoKrAZ has supplied a batch of KrAZ-65055 (6×4) dump trucks with the lifting capacity of 16 tons to the Severniy Mining and Processing Works. The dump trucks have been delivered under the agreement concluded in December 2017. There were 4 dump trucks in the batch. This year Metinvest intends to acquire more KrAZ dump trucks…
DetailsMoody’s has improved the long-term rating of Severstal from Ba1 to Baa3, and the outlook from stable to positive following the revision of the Russia rating. “We welcome the decision of Moody’s to review the Russia’s rating and improve that of Severstal. That the economic situation in the country is improving is seen by the…
DetailsChTPZ was the first in Russia to develop cold-deformed pipes for internal combustion engines. The manufacture has been started at Pervouralsky Pipe Works. The pipes with the outer diameter of 8 mm and inner diameter of 3 mm made of high-quality low-alloyed steel will be used in diesel engines of the Common Rail type. The…
DetailsIn 2017 Metalloinvest increased steel production by 2.1% YoY, to 4.8 million tons. According to the company statement, pig iron output dropped by 9.3%, to 2.7 million tons. Hot-briquetted iron manufacture grew by 22.6%, to 7 million tons, while that of pellets dropped by 0.4%, to 25.1 million tons, and ore – by 1%, to…
DetailsIn 2017 Metinvest Group decreased iron ore raw materials output. In particular, iron ore concentrate production dropped by 7% YoY, to 27.464 million tons. Iron ore pellets manufacture fell also by 7%, to 5.742 million tons, mostly because the group ceased deliveries to customers situated on the Ukraine-uncontrolled territory. Coal concentrate output decreased by 15%,…
DetailsRussian aluminum producer UC RUSAL has settled a dispute over the Alscon plant with Nigeria, Bloomberg reported late on January 31, citing Nigeria’s Steel and Mining Minister Kayode Fayemi. Nigeria will have a 20% stake in the plant and RUSAL will have 80%. The share of RUSAL in the operating company is 85%, according to…
DetailsA 25-year-old man died in a collapsed mine in Kara-Tyt village, Aksy district of Jalal-Abad region, the Ministry of Emergency Situations reported. According to it, the resident of a village located near the pit illegally mined coal when it collapsed. Rescuers of the ministry took out the body and handed it over to relatives. (24.kg/Ukrainian…
DetailsThe state enterprise Selidovugol received 847 self-rescuers out of 2 thousand pieces that it needed. “Selidovugol needs 2 thousand self-rescuers. It has received the first batch of 847 pieces. The enterprise is waiting for the second batch”, the chairman of the Independent Miners Union of Ukraine Mikhail Volynets wrote on his Facebook page. Last summer…
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