Rise LLC, which develops alluvial gold deposits in Magadan region, has already obtained 150 kg of precious metal since the start of the washing season. This year operations started in the first half of May. The company is operating at two sites on the Pravaya Vizualnaya brook and the Nelgyu River. This season it is…Details
Rotek has started assembling the transformation substation at the Kekura gold deposits in Chukotka Autonomous District ahead of schedule.
The commissioning of the power machinery is scheduled for late 2018.
The transformer substation will be providing the gold-extracting enterprise with electricity for 30 years.
Kekura is developed by a Highland Gold subsidiary. (Ukrainian metal)
In May Russia produced 6.23 million tons of steel, up by 6% YoY (5.877 million tons), while in April the output totaled 6.03 million tons. In January-May steel output grew by 2% YoY, to 30.027 million tons. Ukraine increased steel manufacture by 2.9% YoY, to 1.695 million tons, while in April it produced 1.721 million…Details
Proizvodstvo polymetallov (Polymetal manufacture), the subsidiary of Uralelectromed, has commissioned the coke deck of the railroad shop after repair.
Its length is 113 meters and height – 8 meters.
The coke deck is an important transportation unit of the manufacture.
The cost of the project is 4 million rubles. (Ukrainian metal)
The miners team Aleksandrovskaya-1 LLC, which extracts alluvial gold in Amur region, has already obtained 60 kg of gold this year.
The company is operating at two deposits – Djalon and Djuvaskit.
This year the team plans to obtain 180 kg of alluvial gold, up by 75% YoY. (Ukrainian metal)
Kyshtym Electrolytic Copper Plant has started assembling metal structures, which will later serve as the basis for the new Luhr Filter filtering machinery to purify gases of the Maerz furnace. The new machine will trap both solid and gaseous impurities. The gas-purification rate will reach 99.9%. The commissioning of the filter is scheduled for this…Details
NLMK has selected the supplier of machinery and started design work to replace the transfer table of the hot-rolling mill-2000. The project will increase the reliability of the machine and the quality of the products. The mill has been operating since 1977. The new machinery will be supplied by Novokramatorsk Machine-Building Works (Ukraine). Commissioning is…Details
Izhstal has successfully passed the KamAZ audit. The truck manufacturer checked high quality metal manufacture at Izhstal. In particular, attention was paid to the rolling shop with its machinery. “The audit has become another step to improve cooperation with KamAZ. We are successfully cooperating with domestic car manufacturers and hope that KamAZ also becomes our…Details
The Government of Kyrgyzstan draws up a new agreement on Kumtor, the Speaker of the Parliament Dastan Dzhumabekov told the press conference on the results of the 4th session of the Parliament. According to him, the government intends to revise the agreement with Centerra Gold, signed in autumn 2017 by the Cabinet of Ministers of…Details
The prices of the main precious metals, except for silver, decreased in Azerbaijan on June 29, according to the data published by the Central Bank. The cost of gold decreased by 1.258 manats, to 2,127.176 manats per ounce compared to the price on June 28. The cost of silver increased by 0.0022 manats, to 27.3829…Details
Russian investigators are searching the office of coal producer Kuzbassrazrezugol, but the search is unrelated to the company’s operations, spokeswoman for parent holding Ural Mining Metallurgical Company (UMMC) Nina Pelevina reported. “Document withdrawal by officials of the Investigative Committee in the framework of an investigation of a criminal case directly unrelated to the producing activities…Details
The High Court of London has ruled that Crispian Investments, a unit of businessman Roman Abramovich’s Millhouse, should not have proposed and sold a stake in the Russian metals giant Norilsk Nickel to Interros of tycoon Vladimir Potanin. The sale infringed a shareholder agreement on preemptive rights between Interros and aluminum giant UC RUSAL, the…Details
Kyrgyzaltyn OJSC conducted preliminary public consultations on extending the life of Makmalzoloto mine and attracting of investors. The consultations took place in 13 villages of five rural areas of Jalal-Abad region within a week. “The main task is to extend the life of Makmalzoloto combine and to attract investors by an open competitive selection. We…Details
The prices of main precious metals decreased in Azerbaijan on June 28, according to the data published by the Central Bank. The cost of gold decreased by 5.2275 manats, to 2,128.434 manats per ounce compared to the price on June 27. The cost of silver decreased by 0.1834 manats, to 27.3807 manats per ounce. The…Details
In January-May the Republic of Buryatia mined 2.731 million tons of coal, up almost 2-fold YoY. Tugnuysky Pit provided 1.434 million tons of coal, while three companies – East-Siberian Mining Company, Coal Pit and Buryatia Mining and Ore Company – mined 1.298 million tons. Most of the coal mined is exported to the Asian-Pacific region…Details
This year Seligdar intends to mine 6 thousand kg of gold, up by 30% YoY. The increase has to do with the Ryabinovoye gold-extracting factory reaching project capacity and the increase of output at Ryabinoviy Mining and Processing Works. The Ryabinovoye LLC output plan is 1805 kg of gold. The Sininda 1 miners team intends…Details
ZEMZ has repaired one of its main machines, which will allow in future to rationally use energy resources and avoid unscheduled delays in operation. The electric arc furnace No. 15 with the volume of 12 tons is a part of the manufacturing complex of the second electric arc shop. The repair, which has been completed…Details
Severstal is modernizing the extraction machine in the SSM-Tyazhmash mass production shop. The cost of the project is over 20 million rubles. The shop is situated on the territory of the Cherepovets Iron and Steel Works. The machine is being assembled at the site of the electric arc furnaces used to produce powder pig iron.…Details
VIZ-Stal has equipped all of its machines with the automated system of satellite monitoring. The goal of the project is to improve the safety and efficiency of some 440 units of special machines, trucks and cars usage. The satellite monitoring allows in real time to control the location and movement of the machines. The system…Details
The Ministry of economic development and trade together with Kobe Steel has approved of the road map to implement latest techniques at the Krivoy Rog Mining and Processing Works of Oxidized Ores. In March the ministry, Kobe Steel Ltd and Hares Engineering GmbH concluded a Memorandum of Understanding on the project. The road map touches…Details
The prices of main precious metals varied in Azerbaijan on June 27, according to the data published by the Central Bank. The cost of gold decreased by 20.31 manats, to 2133.6615 manats per ounce compared to the price on June 25. The cost of silver decreased by 0.25 manats, to 27.5641 manats per ounce. The…Details
Residents of Aknazar rural area in Bakai-Ata district held a rally against gold mining in Urmaral gorge, the press service of the State Committee for Industry, Energy and Subsoil Use reported. According to it, about a hundred people held a rally in front of the local administration. They are afraid that after the beginning of…Details
The limitation of sulfuric acid imports will affect the whole economy, as the shortage of this raw material could halt the metal industry. “If, because of the lack of sulfuric acid, by-product coke plants shut down, the whole metal industry will halt as well”, Azovstal CEO Enver Tskitishvili said. According to him VostGOK and Sumykhimprom…Details
In January-May Ukrainian by-product coke plants increased 6% moisture coke output by 8% YoY, to 4.508 million tons.
According to the association of by-product coke enterprises Ukrkoks, in May output totaled 896 thousand tons.
At present the by-product coke enterprises are working in stable mode.
In late June coke output has even increased. (Ukrainian metal)
The annual meeting of the shareholders of Vysochaishiy (GV Gold) has elected a new board of directors. The number of independent directors has increased to 50%. It was also decided to spend 2.237 billion rubles to pay dividends for 2017. This is 30% of the EBITDA and the record high payment to GV Gold shareholders.…Details
In April, according to the customs statistics, Russia exported 9.7 thousand tons of corrosion-resistant steel valued at $10 million, down by 1.9% MoM, but up by 50.5% YoY. Revenue dropped by 4.5% MoM, but increased by 66.7% YoY. In January-April exports reached 31.6 thousand tons, up by 9.4% YoY, valued at $33 million, up by…Details