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Ukraine: AMKR allocates funds for environmental projects in Kriviy Rih and Dnipropetrovsk region

ArcelorMittal Kriviy Rih ore mining and metallurgical worksBy admin 02.04.2018 Leave a comment

PJSC ArcelorMittal Kriviy Rih will allocate 8 million UAH for environmental projects implementation in Kriviy Rih and Dnipropetrovsk region. These projects are included into city and regional programs aimed at environmental issues elimination and environment conditions improvement. PJSC ArcelorMittal Kriviy Rih will finance implementation of new dust suppression technologies on dumps and industrial sites, purchase…

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Armenia: Lydian to start mining gold in Amulsar project in Q3 2018

goldBy admin 02.04.2018 Leave a comment

Gold production is set to commence in the third quarter of 2018 at the Amulsar gold mine in south-central Armenia, said Lydian International Ltd, the Canadian mining group. Lydian’s management expects mining within the Amulsar project to produce 225,000 gold ounces annually over ten years and reports that it is currently completing construction of the…

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Ukraine: VostGOK orders expensive steel

VostGOKBy admin 02.04.2018 Leave a comment

The state enterprise Vostochniy Mining and Processing Works has ordered Svit Stali LLC the delivery of pig iron and steel valued at 20.97 million UAH. This year the company will supply iron shots at 223450 UAH per ton from Netrika LLC and steel milling balls with the diameter of 60, 80 and 120 mm according…

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Ukraine: Metinvest to liquidate Donetskkoks

DonetskkoksBy admin 30.03.2018 Leave a comment

At the meeting on March 29 shareholders of Donetskkoks decided to liquidate the company. In 2017 Donetskkoks decreased losses 11-fold YoY, to 2.5 million UAH. Metinvest reported on the threat of losing control over operation of its enterprises in the Russia-seized lands of Donbass, including over Donetskkoks, on March 15, 2017. (Ukrainian metal)

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Russia: KMZ concludes 3-year agreement for ferromanganese supplies

Kosaya Gora Iron and Steel WorksBy admin 30.03.2018 Leave a comment

Kosaya Gora Iron and Steel Works has concluded a 3-year contract for the delivery of high-carbon ferromanganese to NLMK. The companies have been cooperating for a long while. Being the strategic supplier, KMZ provides NLMK with 80-90% of its ferromanganese needs. The volume of delivery, stipulated by the contract, exceeds 50% of the company output.…

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Russia: Gaysky GOK constructing vertical underground railroad

Gaysky GOKBy admin 30.03.2018 Leave a comment

Mine constructors of Gaysky GOK have started another stage of the shaft reconstruction at the Ekspluatatsionnaya mine – reinforcing. In a way, this is a construction of a vertical railroad for the skips and cages. The reinforcing is carried out at the depth of 910-1420 meters. At present the mining is carried out at the…

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Russia: Severstal-Balakovo certifies rebar sections

Severstal – Bar Works BalakovoBy admin 30.03.2018 Leave a comment

Severstal – Bar Works Balakovo has successfully certified the A500SN rebar sections with the diameter of 8-40 mm. The need to obtain the new certificate has to do with the coming into effect of the new GOST 34028-2016 “Rebars for ferroconcrete structures” on January 1, 2019. At present the works supplies its products mostly to…

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Russia: Severstal completes mill-5000 repairs

SeverstalBy admin 30.03.2018 Leave a comment

Severstal has carried out the scheduled capital repairs of the mill-5000 in Kolpino. It took some 140 specialists just 7 days to complete the overhaul. “We carry out capital repairs of machinery every year. They are an integral part of the efficient operation. The spring repair of the mill-5000 was the first in the series…

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Ukraine: Metinvest EBITDA down in January 2018

Metinvest Group of CompaniesBy admin 30.03.2018 Leave a comment

In January Metinvest EBITDA decreased by 9.2% MoM, to $228 million, while revenue grew by 10.3%, to $1009 million. As of January 31, the group consolidated debt amounted to $3.095 billion. The company produced 553 thousand tons of semi-finished products valued at $240 million: 289 thousand tons of pig iron at $106 million, 104 thousand…

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Ukraine: Velta complaining about license problems

Velta Mining and Processing WorksBy admin 30.03.2018 Leave a comment

Velta declares that the State Service of Geology and Subsoil is holding back the issue of license to develop the Lekarevskoye titanium deposits in Kirovograd region. “We have finished designing the mining and processing works, and settled the financing issues. But we still can’t get the license from the State Service”, the company CEO Andrey…

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Azerbaijan: fall in precious metals prices recorded

precious metalsBy admin 30.03.2018 Leave a comment

The cost of gold, silver, palladium and platinum decreased in Azerbaijan on March 29, according to the data published by the Central Bank. The cost of gold decreased by 26.265 manats, to 2257.617 manats per troy ounce compared to the price on March 28. The cost of silver decreased by 0.3674 manats, to 27.7438 manats…

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Azerbaijan: silver price increases

precious metalsBy admin 30.03.2018 Leave a comment

The cost of silver increased, while the cost of gold, platinum and palladium decreased in Azerbaijan on March 30, according to the data published by the Central Bank. The cost of gold decreased by 4.3095 manats, to 2253.3075 manats per troy ounce in Azerbaijan compared to the price on March 29. The cost of silver…

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