Russia: Krasniy Octyabr output to grow in 2018

In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons.

The combined output reached 54.96 thousand tons, up by 20% in three years.

This year output is expected to grow by 5%. (Ukrainian metal)

Ukraine: scrap exports up in Q1 2018

In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…

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Ukraine: 175 miners evacuated from DTEK Pavlogradugol mine

There was a heavy smoke in the Pavlogradskaya mine of DTEK Pavlogradugol.

According to the company statement, 175 employees were evacuated.

The smoke arose as the cable caught fire. The fire was soon extinguished.

There were no casualties. (Ukrainian metal)

Ukraine: coal imports up in Q1 2018

In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…

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Kyrgyzstan: investment in geological exploration and extension of Kumtor mine life planned

According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold…

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Russia: Mikhailovsky GOK profits up in 2017

In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles.

Revenue exceeded 78.73 billion rubles, up by 37% YoY.

Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)

Russia: coal exports up in Q1 2018

Coal exports in January-March increased by 6.8% YoY, to 44.42 million tons.

According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)

Russia: Mechel commissions new long face at South Kuzbass mine

Mechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company.

The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters.

Investments in the project totaled 230 million rubles. (Ukrainian metal)