Since the start of the alluvial season, the Lena Miners Team LLC, developing sites in Irkutsk region, has extracted 163.7 kg of gold, down by 22% YoY. This year, the company plans to extract 200 kg of gold. Last year, Lena was able to produce 350.3 kg of gold. The company has 14 licenses. (Ukrainian…Details
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Since the start of the alluvial season in Irkutsk region, Druza LLC has extracted 587.2 kg of gold. The company owns a license to develop reserves of the Bolshoy Dogaldyn alluvial gold deposit and the Nevskoye gold ore deposit. All the gold was mined, as the alluvial reserves have almost been depleted. This year the…Details
A rope of the transportation cabin has broken off at the Red Partizan mine situated in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia. According to preliminary information, 9 miners perished. There were 25 people in the cabin, when the accident happened. The rope broke off, when the cabin with…Details
In January-August, Ukraine received $8.93 billion from the export of ferrous metals, up by 73.15% YoY. According to the State Customs Service, in August export revenue amounted to $1.38 billion. In 8 months imports increased by 37.75%, to $900 million, with $188.34 million imported in August. (Ukrainian metal)Details
Under a long-term contract, Energomashspetsstal has produced another set of billets for the Akkuya NPP units Nos. 3 and 4 under construction in Turkey. The quality of the billets has already been inspected and the customer has accepted them. This time 16 billets with the combined weight of 152 tons have been produced. (Ukrainian metal)Details
The Russian industrial holding Kolmar has transported 2 thousand miners and their families from the occupied Donbas to Yakutia. According to the holding CEO Artem Levin, the company has provided Russian passports to Ukrainian miners and settled them in Neryungri. In 2016, the then-CEO Sergey Tsivilev announced that the holding hired 200 miners from Donbas.…Details
Metinvest is launching a large-scale project to construct a new cold-rolling shop at the Mariupol Ilyich Iron and Steel Works. Investments will exceed $1 billion. It is expected, that in 2025, when the first stage will be completed, the works will produce around 1.2 million tons of cold-rolled, galvanized as well as polymer-coated metal per…Details
Severniy Mining and Processing Works has spent 30.7 million UAH on upgrading its locomotive. All the faulty units have been replaced. A transformer and compressors were repaired. 12 traction engines were installed. The repair was carried out by Konotov Diesel-Train Repair Works. This year, SevGOK will invest 1.6 billion UAH in repair of machinery, equipment,…Details
In January-July, Chukotka Autonomous District produced 14,083 kg of gold, up by 2% YoY. Ore gold accounted for 13,013 kg and alluvial – for 1,070 kg. Kekura deposit yielded 315.2 kg, Kupol – 6,356.5 kg, Karalveyem – 929 kg and Rudnik Valunistiy LLC – 1,080.3 kg of gold. ZK Mayskoye LLC at the Mayskoye deposit…Details
In January-August, Zaporizhstal increased steel output by 8% YoY, to 2.7 million tons. Rolled metal manufacture grew by 7.7%, to 2.24 million tons, and pig iron – by 1.2%, to 2.9 million tons. In August, Zaporizhstal produced 339 thousand tons of steel, 284.4 thousand tons of rolled metal and 399.4 thousand tons of pig iron,…Details
In January-July, Severniy Mining and Processing Works increased pellets output by 30.7% YoY, to 4.05 million tons. In July, 685 thousand tons were produced. Iron ore concentrate output grew by 6.5%, to 7.94 million tons, with 1.155 million tons produced in July. (Ukrainian metal)Details
Azerbaijan’s gold mining company AzerGold’s net profit increased by 287.3% YoY in 2020, the company’s press service reported. In 2020, the company’s net profit increased by about $35.8 million and exceeded $48.2 million. Moreover, the company’s gross profit, profit margin, as well as EBITDA increased. Thus, the total profit of the company increased by $43.04…Details
In January-June, Metinvest B.V. increased consolidated revenue by 70% YoY, to $8.47 billion. Steel sales grew by 12% and pellets – by 36%. Metal segment revenue amounted to $6.4 billion, up by 65%. The group EBITDA went up 5.3-fold, to $3.795 billion, and the metal segment EBITDA – 7.3-fold, to $1.74 billion. Capital investments grew…Details