Administration of the Ingulskaya uranium mine, a part of the state enterprise VostGOK, has filed a suit against 94 miners, who went on a strike in November demanding the increase of salary. The administration wants the court to declare the strike illegal and believes the strike resulted in the enterprise losing some 1.46 million UAH.…Details
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The Russian company, RosGeoPerspectiva, will carry out geological exploration work to find copper and gold in the promising areas of Kazakhtau and Kazakhtau 1 in Navoi region of Uzbekistan. The Russian side and the State Committee of Uzbekistan for Geology and Mineral Resources have already prepared a draft agreement on geological exploration and pilot production…Details
PJSC Vesco and PJSC Druzhkivka Mine Administration (Druzhkivka, Donetsk region) will pay UAH 795.6 million and UAH 204.8 million of dividends to shareholders in the period from December 22, 2017 to June 21, 2018. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the shareholders made…Details
In 2017 Zaporizhstal has increased transportation of its products by water by 6% YoY, to 573 thousand tons. According to the company statement, thus, 17% of the products were shipped by water. Traditionally the main consumers of Zaporizhstal metal, sent by water, are Bulgaria, Turkey, Greece and Romania. “Water transport is the most efficient way…Details
Since the start of the year Raspadskaya has mined 6 million tons of coking coal. This is the record-high result since 2009. Average monthly output is 500 thousand tons of coal. Last year the company mined 5 million tons. Raspadskaya mines a valuable coking coal, which after processing is supplied to metal and coke enterprises…Details
Silver Bear Resources Plc has increased the resources of its Vertikalnoye deposits in the Republic of Sakha (Yakutia) to 1.8 million ounces of silver. The resources have been moved to the Measured and Indicated category with the silver content of 1572 g per ton. At present the company is storing ore to start silver manufacture…Details
In December Krasnoyarsk Iron and Steel Works has implemented an innovative technique of aluminum processing Bonderite-2040, developed by Henkel. So far, KraMZ is the first and only plant in Russia to use this technique. The new technique is more environment-friendly: water consumption has decreased by 70% and the water purification has improved. (Ukrainian metal)Details
TMK has successfully passed the re-certification audit of the corporate quality management system for the compliance with ISO 9001:2015. The audit has been carried out by Lloyd’s Register. The corporative certificate for the correspondence of the TMK quality management system to ISO 9001:2015 has been granted for the next 3-year period. (Ukrainian metal)Details
Russian steel manufacturers have started increasing prices for local customers because of the ongoing growth of export prices. Thus, NLMK has increased its January 2018 prices for hot- and cold-rolled metal by 10%, and Severstal – by 4%. Steel started getting expensive in December. In just one week (December 15-22) average local prices have grown…Details
Nord Gold SE, the internationally diversified low-cost gold producer, has announced that it is still at the initial stages of assessing the prospect of gold mining in Uzbekistan. “Uzbekistan has one of the world’s richest gold reserves, so any interest we have in the country would not be surprising. However, we are still at the…Details
Urov-Zoloto LLC, extracting gold in Zabaykalye region, has obtained 122 kg of alluvial gold this year. The output plan for the next year is 100 kg. Next year the company will not take part in new auctions. The work will be performed under the current 4 licenses. At present all the operation is stopped. The…Details
In November Russia produced 4.26 million tons of pig iron, down by 16.7% YoY (4.4 million tons in October). In 11 months pig iron output in Russia decreased by 15.6% YoY, to 47.396 million tons. Ukraine produced 1.6 million tons of pig iron in November, down by 16.2% YoY (1.655 million tons) and 17.721 million…Details
Chelyabinsk Pipe Works has become a guarantor on the bank guarantee granted to Pervouralsk Pipe Works. The guarantee was granted by Bank Uralsib. The agreement was concluded on December 22. According to the document, the guarantor will be responsible to the bank together with the borrower. The volume of the guarantee is 1.58 billion rubles.…Details