Russian gold producer GV Gold has bought back 5.26% of its shares from the European Bank for Reconstruction and Development (EBRD) early, the company said on November 2. GV Gold’s unit Sakha Gold Mining acted as the buyer. The final payment amounted to $39 million, while the total payment stood at $62 million. Under the…
DetailsIn 2017 a record commissioning of new long faces is expected at the state mining companies. “This year a record number of new long faces will be put into operation at the state mines – 38. 19 long faces have already been commissioned, 19 more will be commissioned in these two months. For comparison, in…
DetailsThe need in the machine resulted from the switch of the company in March from underground mining to open-pit mining at the Jebariki-Khay. The machine will crush large fraction coal appearing after explosion works. The volume of pieces could be 1.5-2 cubic meters. Jebariki-Khay supplies coal to housing and municipal companies of the northern and…
DetailsIn just three months after Amurmetal resumed operation (the works has been idle for half a year) it has already produces 72.5 thousand tons of continuous-cast billets. Now the main task is to reach the scheduled capacity of 800 thousand tons of liquid steel per year. Later it would be possible to increase output to…
DetailsAt the meeting of the Shakhty City Council the Department of economy director Vladimir Gorshkov said, that soon the Rostovsky Electrometallurgical Works would be operating at full capacity. The industrial indexes of REMZ dropped to 87%. The city is taking measures to resume normal operation at the major works. A commission has been created to…
DetailsEnergomashspetsstal has shipped rolls to 4 ArcelorMittal companies. According to the agreements signed, EMSS supplied 228 tons of products. In particular, for ArcelorMittal Temirtau EMSS produced 2 supporting rolls with the total weight of 62 tons. 3 more supporting rolls (95.1 tons) have been manufactured and sent to Germany to ArcelorMittal Bremen. ArcelorMittal Sagunto SL…
DetailsDTEK Mine Group named after Space Heroes is preparing to overcome the largest geological break in continuity in Western Donbass – the Bogdanovskoye Fracture, which will open access to a large coal deposit. The Bogdanovskoye Fracture divides excavations of the Space Heroes and Blagodatnaya mines. The total length of the fracture is 35 km. (Ukrainian…
DetailsUralelectromed has purchased the fifth Ferrit diesel locomotive (the Czech Republic) valued at 14 million rubles. The machine will be used to transport cargo between the main industrial shops. “Four similar machines have been in use at our enterprise for the past two years and have proven their efficiency. With the delivery of the fifth…
DetailsTMK has started manufacturing insulated tubings of the 89-48 mm size with triangular section thread connection according to GOST 633. The first batch of 5.2 thousand meters of tubings produced by Sinarsky Pipe Works has been shipped to Udmurtneft. The tubings were made to order. “We continue increasing the range of insulated tubing sizes. This…
DetailsIn January-October the Pavlik Company obtained 5 tons of gold at the Pavlik gold-bearing deposits. Until the end of the year the company intends to obtain 1.1-1.15 tons of gold more. Thus, the total result for 2017 will be 6.1 tons of the precious metal. Last year Pavlik obtained 3.95 tons. The gold-extracting factory at…
DetailsThe Kyshtym Copper Electrolytic Plant (Kyshtym, Chelyabinsk region, a subsidiary of the Russian Copper Company) has released its production results for the first 9 months of 2017. During that time, the plant produced over 97,128 tons of cathodes, up by 8.6% YoY. Copper rod production increased by 6.1%, to 72,784 tons, silver by 2.3% and…
DetailsSeverstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that it will be hosting its annual Capital Markets Day in London on November 2. Severstal’s Chairman, Alexei Mordashov, will open the event via video address. Alexander Shevelev (CEO), Alexei Kulichenko (CFO), Dmitry Goroshkov (Marketing Director), Sakari Tamminen (Senior Independent Director)…
DetailsThe Eurasian Economic Commission (EEC), an executive body of the Eurasian Economic Union (EAEU), has suspended a decision in an abuse of market dominance case of Russian steelmaker Novolipetsk Steel (NLMK) on request of Russian Prime Minister Dmitry Medvedev, the commission said in a statement. In September, the commission imposed a fine for violation of…
DetailsIn August, according to the customs statistics, Russia imported 29.1 thousand tons of corrosion-resistant rolled metal valued at $50 million, up by 15.7% and by 7.6% MoM and by 41.7% and by 48.2% YoY respectively. In July imports increased by 6.8% MoM in volume and by 12.7% in cost. In January-August Russia imported 190 thousand…
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