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In early 2018 Chinese TBEA received the license to start developing the Verkhniy Kumarg deposits. In 2013 the company obtained a license to work at the Duoba deposits. Both deposits are situated in Sogdiy region. According to sources, the company has the right to develop the deposits until it reimburses all the funds spent to…
DetailsIn 2018 Belarus Iron and Steel Works intends to supply $240 million worth of metal to Ukrainian market. “That’s around 300 thousand tons. Our plans are ambitious, but we have a certain strategy of work on that market, and we expect a 10-20% growth per year in mid-term”, the company marketing specialist Tatiana Vaskevich declared.…
DetailsIn 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…
DetailsFar East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region. The prospecting will last for 3 years, from Q2 2018 till Q4 2020. The total size of the territory is 270 square km. (Ukrainian metal)
DetailsFor three years MMK-Metiz together with the Magnitogorsk State Technical University named after Nosov have been creating import-substituting nanostructured rebar ropes. With the help of the Ministry of education and science subsidy the company has developed and implemented a technique to produce rebar ropes with nanostructure. The rope specifications exceed prEN 10138-3.3, as well as…
DetailsIn January-March Elgaugol LLC mined 1.2 million tons of coal, up by 43% YoY. Coal processing increased by 21%, to 585 thousand tons. Sales totaled 962 thousand tons, up by 47%. “This year we had a good manufacturing start. The quarter results became the logical continuation of the successful operation last year”, the company managing…
DetailsRusal has implied an emergency plan and asks its customers to pay in euros, not dollars, thus trying to avoid US sanctions. “The company has started a protection plan, just like Iran”, a source reported. Some years ago Iran used gold, oil and Japanese yen to pay for goods. Several Rusal clients have already started…
DetailsResidents of Toguz-Toro district of Jalal-Abad region hold a rally and set a gold-processing plant under construction on fire. About 3,000 people took part in the protest. “The main requirement of the local residents is to close the plant as it is harmful to the environment. At the moment, other people are joining the protest,»…
DetailsIn 2017 Ukraine imported 2.66 million tons of anthracite from Russia, or 78.6% of the total imports. According to the state enterprise Gosvneshinform, imports totaled 3.38 million tons, up 3-fold YoY. “99.5% of all coal from Russia was imported via middlemen. Average price was $99.3 per ton. Directly Russia supplied only 12.1 thousand tons with…
DetailsYenakievo Iron and Steel Works, situated on Ukraine-uncontrolled lands, saw a fire on April 6 in the converter shop. According to the so-called Emergency Ministry of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, the fire has destroyed computer monitors, cables on the size of 50 square meters, and some equipment.…
DetailsThe bar shop of MMK has produced the 20-millionth ton of bars. In 2005-2006 three Danieli mills with the combined capacity of over 2 million tons of bars per year were put into operation. The 450-mill with the capacity of 790 thousand tons per year produces angles, channel, rods and strips. The 370-mill with the…
DetailsIn Q1 Raspadskaya increased coal output by 372 thousand tons YoY, to 2 million tons. According to the company statement, last year its net profits amounted to $319 million, up 1.7-fold YoY. Revenue grew 1.7-fold, to $868 million, and gross profit – 2.2-fold, to $459 million. Raspadskaya unites 3 mines, one coal pit, a processing…
DetailsPJSC ArcelorMittal Kriviy Rih concluded the contract through financial leasing for the supply of 211 open wagons. The contract for 239 wagons more will be the next step. Earlier this year the company has received 50 new wagons. Hence, this year the company is to purchase and operate 500 wagons to transport its products and…
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