In April-June Korshunovsky Mining and Processing Works increased iron ore output by 30% QoQ, to 1.6 million tons. Sales grew by 41%, to 495 thousand tons. The growth is due to the increase of the mining fleet. “Since the start of the year we have commissioned 10 large dump trucks, a grader and a heavy…Details
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Yekaterinburg Non-Ferrous Metals Processing Works intends to start refining gold from Magadan region. In July the company delegation visited a miners’ team, where it got acquainted with the technological chain of gold mining. “We presented our plans to increase gold purchases with further buy out of refined metal and voiced our interest to work with…Details
In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…Details
After a three-month warming of the refractory lining Cherepovets Iron and Steel Works has switched the coke oven plant No. 4 to constant warming. The first coke is expected to be produced in late 2018. “The investment project valued at 6 billion rubles will increase coke output at the plant from 420 thousand tons to…Details
Metalloinvest has partially refinanced its credit portfolio due to the funds attracted under a new loan agreement with Gazprombank. Under the agreement the company has attracted 18.8 billion rubles for 6 years. All the money was spent to clear debt to Sberbank. Thus for the next 16 months the company has no debts on the…Details
Turkish Dal Teknik Makina Ticaret ve Sanayi A.Ş. has launched the most modern plant in Central Asia for the production of metal structures in the Angren free economic zone (FEZ). Metal structures of wide application, including for industrial and civil building construction, power lines, solar panels, wind turbines, tower and bridge cranes, as well as…Details
DTEK Energy invested UAH 3.3 billion in January-June to upgrade and develop its businesses. This enables the company to modernize its facilities for operating efficiently in the new electricity market and ensure the energy security of Ukraine. DTEK Energy’s key objective in the coal business segment for 2018 is to invest in ramping up the…Details
The price of one ounce of gold decreased by 2.499 manats, or by 0.12% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2050.1779 manats. The price of one ounce of silver went down by 0.3882 manats, or by 1.54%, to 25.0964 manats. The price of one ounce of…Details
AzerGold CJSC has started the project on production of coins and ingot from gold and silver in Azerbaijan. The company stated that the preparation of ingots and coins was carried out on the basis of AzerGold’s development strategy. The project sets goal to promote the country as a gold producer on the domestic and international…Details
A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…Details
Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine should fully refuse from anthracite and increase the production of gas coal. “Ukrainian anthracite coal is in occupation area in Ukrainian Donbas. We have to do everything to refuse from anthracite and increase the production of gas coal as much as we can,” Groysman said…Details
The largest car manufacturer in Russia – AutoVAZ – has decided to continue cooperation with Rusal irrespective of the sanctions being removed from it or not. “The main goal of the company for now is to stay with Rusal. Of course, it would be clearer if the company is not controlled by a sanctioned person.…Details
ChTPZ and Kurganstalmost have supplied metal for the construction of the Wall of Peace monument in Astana, Kazakhstan. The companies have produced seamless pipes with improved characteristics to be used in the steppe climate of Kazakhstan. The batch comprised over 100 tons of pipes with the diameter of 114 to 351 mm and the wall…Details