Gold and silver producer Polymetal International is ready to buy a pressure oxidation unit (POX) from Russia-focused gold producer Petropavlovsk Plc for $250 million. Polymetal is even ready to finish construction of the unit on its own and to buy 300,000 tons of refractory ore concentrate from Petropavlovsk per year to refine it at the…Details
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The state enterprise Lvivugol will buy mining machinery for the Stepnaya mine valued at 120.65 million UAH. The corresponding auction has been announced in the Prozorro system. In particular the enterprise intends to purchase a shearer, a long wall conveyer with the length of 300 meters, 200 anchoring section moving mechanisms with hydraulic jacks and…Details
In January-May the gold-ore company Pavlik, developing the deposits of the same name in Magadan region, obtained 2700 kg of gold, up by 8% YoY. The manufacturing plan for the year is the same – 7 tons of the precious metal, up by 7.7% YoY. Last year Pavlik obtained 6.5 tons of gold. The company…Details
Bakyrchyk Mining Enterprise has been put into operation in the East Kazakhstan region. The enterprise will be developing a major gold project Kyzyl (Bakyrchyk and Bolshevik deposits). Its reserves are estimated at 280 tons of gold with the average content of 7.7 g per ton. When the enterprise reaches project capacity in 2019, it will…Details
Uchaly Mining and Processing Works has received 2 Sandvik DD311 drilling machines and a Sandvik TH545 underground dump truck. The machines will be operating at the Novo-Uchalinsky mine. This is the second underground truck bought this year for the Novo-Uchalinsky deposits. Ore mining will start next month. (Ukrainian metal)Details
RusHydro will support the project on the construction of Taishet Aluminum Works. All it is waiting for is the decision of Rusal. In early April RusHydro approved participation in the project. The company share was to be not more than $319.5 million. RusHydro will get 50% in the charter capital of the joint company RusAl…Details
Vorkutaugol has purchased special mobile devices to check mining machinery and carry out labor safety audits. Before going underground a wireman runs a special app on the smartphone. Near the machines there are special reading devices. The smartphone screen shows what has to be done with each machine. The first 12 devices are being tested…Details
OJSC MMK-Metiz, a part of PJSC Magnitogorsk Iron and Steel Works (MMK) Group, held its annual general meeting of shareholders (AGM). In 2017 MMK-Metiz’s share of the domestic market in Russia grew by 2% YoY, to 352 thousand tons, while export sales grew by 2.8%. The largest Russian metal wares producers that are part of…Details
In January-May Donetsk region (without the part seized by the pro-Russian militants) increased industrial output by 4.3% YoY. At the same time metal and metal wares output dropped by 3.7%. Coal mining grew by 4.2%, to 5 million tons. Coke output reached 2.2 million tons, up by 20.1%. Steel manufacture decreased by 4.2%, to 3.3…Details
In May Ukraine increased steel output by 2.9% YoY, to 1.695 million tons. According to Worldsteel, Ukraine dropped back to the 14th position among 67 countries-manufacturers of steel. The first place is traditionally occupied by China (81.127 million tons, up by 8.9%). Taiwan, though decreasing output by 14.4%, to 1.715 million tons, was able to…Details
In April, according to the customs statistics, Russia imported 152.8 thousand tons of pig iron from Ukraine. In March the deliveries totaled 136.8 thousand tons. Ukraine started supplying pig iron to Russia in November 2017 and in 6 months exported 590 thousand tons. Rostov region accounted for some 60% of purchases, followed by Moscow region…Details
In April, according to the customs statistics, Russia imported 50.2 thousand tons of flat galvanized rolled metal, up by 14.6% MoM, but down by 15.5% YoY. In January-April imports fell by 19.4% YoY, to 172.8 thousand tons. Kazakhstan was the main supplier (58 thousand tons, down by 16%), followed by South Korea (26.5 thousand tons,…Details