Wadless Holdings Limited (Cyprus) has filed a claim to the Yuzhniy Mining and Processing Works demanding the recovery of the debt on dividends valued at 132.32 million UAH. The company owns 21.16 million shares of UGOK and thus is entitled to the dividends of 132.32 million UAH (6.25 UAH per ordinary share), according to the…Details
Vorkutaugol has started operating at a new long face.
The reserves of the face are estimated at 754 thousand tons of coking coal.
The design output of the face is some 1.5 thousand tons of coal per day.
The development of the face will last till October 2020. (Ukrainian metal)
Kraszvetmet, the largest manufacturer of gold in Russia, could become a base for the creation of a non-ferrous metals processing holding. In 2018 the company set a record having produced 234 tons of gold. Last year Russia produced 314 tons of gold, which also became its historical maximum. The holding will unite Kraszvetmet, Moscow Special…Details
The government of the Khabarovsk region has developed a region bill on the limitation of the tax preferences on the extraction and processing of precious metals. Coal mining and wood procurement could also be added to the project in future. For each ton of gold extracted the region receives 342 million rubles, while Chukotka Autonomous…Details
On May 20-24, Revda Non-Ferrous Metals Processing Works welcomed Bureau Veritas Certification specialist Nadezhda Sokolova.
The expert checked the compliance of the company quality management system to the ISO 9001:2015 requirements as well as the environment management system to ISO 14001:20015.
Sokolova recommended prolonging the certificates till 2020. (Ukrainian metal)
NLMK-Kaluga has been named the best employer in the metal field at the regional competition “Employer of the year – 2018”. In 2017 the company was also nominated for the award. The jury has highly evaluated the company personnel program, professional training and development, etc. This year NLMK-Kaluga has become a winner in the “Popularization…Details
The National Security and Defense Council will discuss the problems of the coal industry. “An accident has happened at a Lvivugol mine – we have lost two miners. We have also learned of the problems in miners’ labor safety. This is a very complex issue. Hence, we are calling the meeting of the NSDC”, the…Details
Magnitogorsk Iron & Steel Works (MMK) has started to co-finance projects implemented by the residents of MMK-Industrial Park in order to support and enhance business development in Magnitogorsk. MMK’s co-financing is provided on a competitive basis for the creation of new, or the expansion of existing, production. The share of co-financing amounts for up to…Details
Representatives of Obermeyer Consult, a German company, has visited Magnitogorsk. Following the tender results, the company was chosen to become the key designer of Attraction, a unique project for the development of the urban environment. The Attraction project, initiated by MMK’s Chairman of the Board of Directors Victor Rashnikov, aims to create and develop an…Details
Centerra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government on September 11, 2017. The First Longstop Date is the date by which all conditions precedent to the completion of…Details
In March, according to the customs statistics, Russia imported 63.5 thousand tons of galvanized rolled metal, up by 28% YoY. In January-March imports reached 139.1 thousand tons, down by 1.9% YoY. The main supplier is Kazakhstan – 50.2 thousand tons, down by 42.5%. The average price on the border with Russia in March was $707.8…Details
Baikalrud LLC, developing the Noion-Tolgoyskoye deposit in Zabaikalye region, intends to reach its design capacity of 3 million tons of ore by 2025. The enterprise will be producing 812.7 thousand tons of zinc concentrate and 624.6 thousand tons of lead concentrate per year. The capacity of the processing factory is 1 million tons of ore…Details
Raspadskaya mine has received new machinery.
In particular, the fleet now has two EBZ-160 heading machines, two JOY winning machines as well as a Sandvik pneumatic-tyred tractor.
The winning machines will be assembled at the new 4-6-35 and 5a-8-34 long faces.
Investments in the new machinery exceeded 800 million rubles. (Ukrainian metal)
Severstal-Vtorchermet shop No. 3 specialists have completed a capital repair of the cabbaging press used to process scrap.
The repair lasted for 45 days.
The large-scale program of capital repairs to improve machinery safety started in early 2019. (Ukrainian metal)
The Arbitrary court of the Volgograd region has fully satisfied the claim of Rusmet LLC to the Krasniy Octyabr Iron and Steel Works. The latter will have to clear its debts on the raw materials supply agreements. In 2014 the companies concluded an agreement on the purchase of scrap. Later two more additional agreements were…Details
In March, according to the customs statistics, Russia exported 10.6 thousand tons of corrosion-resistant steel scrap valued at $11.3 million, up by 7.7% and by 3.9% YoY respectively. In Q1 scrap exports totaled 24.4 thousand tons, up by 11.2%, valued at $25.3 million, up by 9.5%. Scrap containing 8% and more of nickel accounted for…Details
In January-March, Ukraine mined 7.76 million tons of coal, down by 7.2% YoY. In particular, coking coal output dropped by 24.9%, to 1.24 million tons. At the same time, Russia is introducing a ban on the delivery of coal to Ukraine. From June 1, coal and other fuel products could be supplied to Ukraine only…Details
President of Ukraine Vladimir Zelensky has flown to the Lviv region to visit the Lesnaya mine of the state enterprise Lvivugol, where as a result of the rock mass cave-in two miners have perished. On May 29, police was informed of a cave-in resulting in two miners being trapped. Their bodies were later taken to…Details
Avdiivka Coke and Chemical Works, the largest coke manufacturer in Europe, will considerably decrease air pollution thanks to a new Niba Dalgakiran cooling tower.
The tower has been built in 9 months.
Investments in the project totaled 25 million UAH. (Ukrainian metal)
RZD has suggested changing the structure of tariffs on the transportation of the metal raw materials and finished products. In particular, tariffs for the transportation of coke, iron ore concentrate and metal ores will sharply increase, while those for ferrous metal will slightly drop. RZD believes, that as a result of the tariff change, metal…Details
Evraz ZSMK and Evraz NTMK have produced over 3 thousand tons of high-strength rolled metal for the winter sports complex “Baikal” in Ikrutsk. The metal was supplied by Evraz Metal Inprom. More metal will follow. A500C strengthened rebars with the diameter of 10-25 mm produced by Evraz ZSMK are used in the manufacture of ferroconcrete…Details
Polymetal has concluded an agreement with a company affiliated with Mineral Exploration Network (Finland) Ltd (MEN) on the creation of a joint venture to carry out prospecting works in Chukotka Autonomous District. The gold ore to be found by the JV will provide additional raw materials to the Mayskaya factory, able to process both sulfide…Details
Zagorsky Pipe Works has for the first time received its credit rating. According to AKRA rating committee dated May 20, the company rating is “BBB+” with stable outlook. The decision is based on the company strong market position, low debt burden, moderate business profile and corporate management level. “We are satisfied with the debt to…Details
Gold, silver and platinum prices decreased in Azerbaijan on May 29 compared to the prices of May 27. The price of gold dropped by 9.044 manats, to 2,178.499 manats per ounce. The price of silver fell by 0.3852 manats, to 24.4726 manats per ounce. The price of platinum went down by 7.752 manats, to 1,358.963…Details