Metinvest is evaluating the possibility of supplying hot-rolled metal to alternative markets because of the EU duty. “But even now we see that we will not be able to compensate for the whole volume of the European market. So a decrease in output is possible”, the company said. Metinvest also hopes that the EU will…
DetailsRussian Platinum has postponed the start of the Jerui deposits development for 2 years. According to the license, this year a gold-extracting factory should have started operation at the site. But Russian Platinum just starts preparation works. For the delay the company will be fined $100 thousand each month. Jerui was supposed to yield some…
DetailsOdina is completing its mining of gold at Shugnov deposits. The gold-bearing ore reserves on the site are running low, and the company hopes to obtain licenses to develop new deposits. In 2005 Odina, one of the few companies to operate solely on investments from Tajik business, received a license to develop Shugnov deposits with…
DetailsIn April-October AzerGold received $62.25 million (105.8 million manats) from the sale of gold and silver mined in Azerbaijan. In April the company started exporting gold and silver ingots refined by Argor-Heraus. “In April-October AzerGold sold 48.8 thousand ounces of gold and 68.4 thousand ounces of silver”, the company reported. In 2017 AzerGold intends to…
DetailsTMK has for the first time supplied its compressor-pump pipes with the premium TMK UP PF joints to Surgutneftegaz. The first batch of pipes has been successfully installed at the Dunaevskoye deposits. TMK share on the Russian market of premium joints in 2016 was 76%. (Ukrainian metal)
DetailsGaysky Mining and Processing Works has put into operation new floatation machinery in the main premises of its processing factory – two floatation machines with the volume of 8.5 cubic meters each. The cost of the machinery was some 7.7 million rubles. “This completes another stage of the processing factory modernization. The machines will improve…
DetailsBoris Kovalenkov, the head of the Rimera Group of Companies, has been appointed CEO of the ChTPZ group pipe division. The corresponding decision has been taken by the group board of directors. From October 16, Kovalenkov is responsible for the management of the pipe division, the improvement of its efficiency, as well as financial and…
DetailsMetalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the “Investment Project of the Year” prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July. The awards ceremony took place at MINEX Russia 2017. Independent experts praised HBI-3 Plant, the largest in Russia and one…
DetailsOn November 1 the Arbitrary court of Rostov region will start reviewing the claim to declare the Obukhovskoye Mine Group insolvent. The mine group is a part of DTEK. The basis of the claim is the mine group debt of 6.7 million rubles. The Obukhovskoye Mine Group is mining for anthracite. As of August 23,…
DetailsThe state enterprise Electrotyazhmash works has concluded 2 agreements with the Ukrainian International Group Ltd for the delivery of copper valued at 62.19 million UAH. By the end of 2018 the company will have supplied some 220 tons of splints and wire, as well as 1250 kg of wire at the average price of 1949…
DetailsSeverniy Mining and Processing Woks has put into operation two Atlas Copco diesel and electric drilling mills at the Pervomaysky quarry. The mills cost 63.4 million UAH. The new machines will allow the company to gradually increase output and improve both product quality and working conditions. (Ukrainian metal)
DetailsThe Ministry of economy and trade is pondering the imposition of a 30% protective duty on rolled metal imported from Russia. “Metal companies ask the ministry for a duty. I hope it does not cover alloyed metals for machine-building”, people’s deputy, chairman of the Kharkiv region employers association Anatoly Girshfeld said. In February Ukraine started…
DetailsOn October 12 there was an accident at the by-product coke manufacture of ArcelorMittal Temirtau. A group of employees was working with the pipeline containing mixed gas. Following the explosion and ignition 6 people were injured: 4 employees of the gas shop, 1 employee of the coke shop and 1 employee of the gas service.…
DetailsIn January-September Zabaikalye region mined 14.732 million tons of coal, down by 3.63% YoY. This year 12 companies mine for coal in the region. The main output is provided by Razrez Tugnuysky, Razrez Urtuysky, Razrez Kharanorsky, as well as Chitaugol LLC, etc. In September 2.007 million tons of coal were mined in the region. (Ukrainian…
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