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Gold production at the Kumtor mine in 2017 was 562,749 ounces or 17,503.46 kg, Public Relations Department of Kumtor Gold Company reported. Gold sales in 2017 were 550,134 ounces or 17,111.09 kg with a revenue totaling $685.2 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2017…
DetailsIn January-February Avdiivka Coke and Chemical Works increased output 2-fold. According to the company CEO Musa Magomedov, at the same time in February the city of Avdiivka was on the brink of humanitarian catastrophe. “Because of the problems with electricity supply we had to shut down two coking shops to provide the city with heating”,…
DetailsSeverstal has selected the supplier of the main machinery for the construction of the coking battery with coal charge tamping at Cherepovets Iron and Steel Works. Paul Wurth S.A. (Luxembourg) will supply the machinery and design the construction of the new complex. The total cost of the investment project is over 30 billion rubles. The…
DetailsBeloretsk Iron and Steel Works has put into operation new machinery in the high-strength wire shop. The modernization allowed the company to stop using acid in wire manufacture, decrease industrial wastewater volume 8-fold and considerably increase its purification. BMK began the project in 2015. Investments totaled 200 million rubles. Two new industrial lines made by…
DetailsIn January-February the throughput of Russian seaports grew by 4.4% YoY, to 121.7 million tons. According to the Association of sea trade ports, in particular, the throughput of coal increased to 22.4 million tons, or by 7.5%, while that of ferrous metals – by 14.3%, to 5.1 million tons. (Ukrainian metal)
DetailsBelarus and Sudan are considering gold mining in the African country, Head of the Belarus President Property Management Directorate Viktor Sheiman said. “We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted. (BelTA/Ukrainian metal)
DetailsThe state enterprise Selidovugol has concluded an agreement with Donenergoexport LLC for the delivery of spare parts for belt conveyers valued at 22.19 million UAH. The agreement provides for the payment of the goods ordered within 90 calendar days upon receipt. The spare parts are ordered for the 1/3 Novgorodovskaya, Kotlyarevskaya, Ukraina and Kurakhovskaya mines.…
DetailsIn 2017 Ukraine exported 1.3 million tons of pig iron and 200 thousand tons of rolled metal to US. “Rolled metal accounted just for 1.3% of all Ukrainian metal exports. On the other hand, this is a perspective market, and our exports could have grown. So this is a bad news for us”, Ukrmetallurgprom president…
DetailsSergey Belenky, chairman of the Federation of Metallurgists of Ukraine, believes that the US antidumping duties of 25% will hit Interpipe the most. “In 2017 Interpipe accounted for 19% of pipe exports to US. Other market participants will experience much lower risks”, he said. According to him, last year Ukraine also supplied 49 thousand tons…
DetailsEvraz ZSMK has produced a trial batch of rails of the new category – DT400 IK. The rails can be used under the most sever conditions. Previously such rails were not produced in Russia. After all the certification documents are received, a batch of rails will be sent for tests. (Ukrainian metal)
DetailsThe Economic Development and Trade Ministry of Ukraine is disappointed by a decision of the European Commission (EC) to reject price commitments proposed by Metinvest Group and other hot-rolled steel exporters in exchange for non-applying the previously introduced anti-dumping duties to them. “We are very disappointed by this decision of Europe, especially in the context…
DetailsIn January-February Chukotka Autonomous District mined 135.7 thousand tons of coal, up by 10% YoY. The increase in output has to do with the growth of coalmining at Beringpromugol LLC. In 2 months the company shipped 95.3 thousand tons of coal, up 1.5-fold YoY. Shakhta Ugolnaya also mines for coal in the region. Its output…
DetailsThe Uralsky Engineering Center has supplied to Cherepovets Iron and Steel Works and installed the new system of press management, as well as the complex to purify liquids and the system to lubricate the machine. “The cost of the investment project exceeded 48 million rubles. The modernization of the machine improved its productivity, product quality…
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