In H2 Polymetal Int plans to start developing the Primorskoye gold ore deposit in Magadan region. Excavation will start in Q4. The ore mined will be transported to be processed at the Lunnoye deposit factory, and a part will be exported. Primorskoye deposits amount to 3 tons of gold and 700 tons of silver. Annual…Details
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Last week, the price of one ounce of gold increased by 8.4 manats ($4.9) or by 0.3%. Accordingly, the average price of one ounce of gold stood at 2,671 manats ($1,571). The price of one ounce of silver decreased by 0.1 manats ($0.05 cents) or by 0.3%, to 30 manats ($17.6). The price of one…Details
In January Druza LLC produced 80 kg of gold, up by 17% YoY. At present the company is working at the Nevskoye deposit in Irkutsk region only. Alluvial gold season will start in May. This year Druza intends to extract at least 1100 kg of ore gold. Alluvial gold output plans are not revealed. Last…Details
Last year Evraz Metal Inprom increased services revenue by 10%. Being the main supplier of structural steel, the company is focusing on increasing processing services. In spring the company will launch a servicing center in Noginsk as well as start designing a center in Nizhniy Tagil. (Ukrainian metal)Details
The Arbitrary court of Tambov region has prolonged the bankruptcy procedure at the Stroystal – Tambov Metal Structures Works. The bankruptcy procedure has been lasting for some 5 years. The main creditor is Sberbank. The TZMK owners refute criminal aspect of the bankruptcy and name Sberbank’s double increase of loan rates in 2014 as the…Details
On February 14, a new protest rally was held in the town of Ugledar because the state enterprise Yuzhnodonbasskoye Mine Group No. 1 was cut off grid and stopped operations due to electricity debts. The state enterprise miners were joined by their colleagues from the Mine named after Surgay and local citizens. The miners blocked…Details
The total amount of taxes and fees paid by ArcelorMittal Kriviy Rih amounted to almost UAH 8.7 billion in 2019. Of the total amount of taxes and fees, direct payments to budgets of various levels account for UAH 3.3 billion, the share of VAT paid at customs made almost UAH 4.4 billion, and for social…Details
The state enterprise Mirnogradugol has concluded an agreement with the Obogatitel Industrial Company LLC to process coal valued at 101.25 million UAH. This year the company has to process 750 thousand tons of coal with the highest ash content of 55% into coal with the ash content of 28% at 135 UAH per ton. In…Details
The main mine fan of the state enterprise Yuzhnodonbasskoye Mine Group No. 1 has been switched off. The main machinery for water pumping is also being shut down. As a result, in several hours the lower horizon of the mine could be flooded, which could flood the nearby Mine named after Surgay. Yuzhnodonbasskoye is one…Details
In 2019 Russia exported 2736.8 thousand tons of raw aluminum, down by 6.4% YoY, valued at $4640.9 million, down by 8.1%. According to the Federal Customs Service, refined copper and raw copper alloys exports grew by 7.6%, to 702.2 thousand tons valued at $4137.3 million, up by 0.2%. Exports of raw nickel dropped by 0.7%,…Details
Evraz owners start buying Sibuglemet, one of the largest coking coal producers in Russia. The Federal Antimonopoly Service has received a claim from Onega Holding to buy 99.57% of Mezhdurechye (the main Sibuglemet mining asset). Onega Holding is owned by Greenleas International Holdings of Roman Abramovich, Abiglaze Limited of Alexander Abramov and Toshi Holdings of…Details
The construction site of the Udokan Mining and Metallurgical Works has received the first batch of embedded parts for the Outotec machinery. The parts are needed to assemble the machinery used in the floatation and hydrometallurgical system of ore processing. In particular, the new parts will be used in ball mills. The mills themselves will…Details
In 2019 MirBlagMet LLC extracted 103 kg of alluvial gold in Amur region, up from the target of 90 kg. The company owns two licenses to develop deposits at the Bom and Dugda rivers. In 2018 gold output totaled 102 kg. This year the company intends to extract at least 100 kg of alluvial gold.…Details
Beloretsk Iron and Steel Works has produced a batch of stainless wire to be used in housing construction in Moscow. 60 tons of wire were delivered to EcoDoc construction company by Mechel-Service. The wire will be used in the manufacture of reinforcement facing tiles for the construction of a hosing complex Wellton Towers. (Ukrainian metal)Details
In 2019 Krasniy Octyabr occupied the first place among stainless steel manufacturers – the company produced 26.28 thousand tons. The Krasniy Octyabr share in the total manufacture comprised 29.5%. Stainless steel output last year grew by 12.7% YoY, to 105.86 thousand tons. (Ukrainian metal)Details
In 2019 ChTPZ Group sold 2070 thousand tons of pipes, up by 8% YoY. Exports accounted for 736 thousand tons, or 36%. 1334 thousand tons were delivered to the Russian market. Large-diameter pipes sales increased by 33%, to 916 thousand tons. OCTG pipes sales grew by 3%, to 469 thousand tons. (Ukrainian metal)Details
In January Zaporozhogneupor produced 9763 tons of molded refractory materials. In particular, the company produced 4247 tons of fireclay refractories, 3466 tons of magnesian wares and 2050 tons of high-alumina refractories. Last year Zaporozhogneupor produced 107029 tons of molded refractories, up by 12% YoY: 48352 tons of fireclay wares, 40371 tons of magnesian wares and…Details