As of August 27, Brindakit LLC, extracting gold in Yakutia, washed 65 kg of gold, with 45 kg obtained from the Brindakit deposits and 20 from the Bam deposits. This year the company intends to obtain 100 kg of gold. Thus the target has been 65% fulfilled. In 2016 Brindakit LLC planned to get 80…Details
Izhstal has passed the supervisory audit on the correspondence of its quality management system to the ISO 9001:2008 and the controlling check of manufacture to CPR 305/2011. According to the company statement, the audit and the check have been carried out by TUV SUD specialists. They inspected rolling and steel shops, documentation, etc. The experts…Details
The crushing-processing factory of Sheregesh mine (a part of Evrazruda) within the program to process wastes has put into operation a new diffusing complex. Evraz investments into the project exceeded 5 million rubles. The new complex will reduce waste storage by 200 thousand tons per year, as well as decrease transportation costs. The annual savings…Details
In January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…Details
In January-June Mechel mined 10.331 million tons of coal, down by 10% YoY. According to the group statement, steel output in 6 months increased by 5%, to 2.22 million tons, pig iron remained almost flat YoY, at 2.04 million tons. In Q2 Mechel decreased coke sales by 9% because of unstable market situation. “The metal…Details
The gold output of Nordgold, controlled by the Russian businessman Alexei Mordashov, increased by 15% YoY, to 486,200 ounces in January-June, the company said in a statement on August 28. Combined production grew due to a 28% increase of output at the Berezitovy mine, to a 21% increase of output at the Taparko mine, to…Details
Priargunskoye Manufacturing Mining and Chemical Enterprise has put into operation the 7D horizon of the uranium mine No. 8, bringing it to the project capacity of 366 thousand tons of ore (705 tons of uranium) per year. The horizon has been put into operation a year and a half earlier. Instead of 3.5 years, all…Details
In 2017 Orion Group+ LLC intends to wash 40 kg of alluvial gold, down by 26 kg YoY. “Our company is not large, and this year the output will be smaller, as our license is expiring. But we intend to prolong it”, the company director Anatoly Chesnokov said. The company will not participate in auctions…Details
The VSMPO-Avisma board of directors has recommended the shareholders to make a decision to pay dividends for the first half of 2017 in the volume of 762.7 rubles per ordinary share. In H1 2016 VSMPO-Avisma dividends totaled 816 rubles per share, thus this year they could decrease by 6.5%. The decision on dividends will be…Details
Electrozinc has assembled the longest part of the mist separator flue to the new sanitary discharge pipe at its sulfuric acid shop. The work is being done under the reconstruction and modernization program to improve the sanitation situation in the city of Vladikavkaz. To assemble the flue with the length of 30 meters, diameter of…Details
In January-July Taraz Iron and Steel Works increased ferrosilicomanganese exports to Russia 2-fold YoY, to 4.658 thousand tons. According to the company statement, TMZ is increasing capacity. In August the company created an industrial park with the size of 41 hectares, where its manufacturing, administrative and warehousing premises are located, as well as gas infrastructure.…Details
The largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016. Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ,…Details
The Mednogorsk Copper-Sulfur Works has started constructing a new sulfuric acid warehouse with the capacity of 12 thousand tons. The cost of the project, including equipment, is 400 million rubles. By the end of the year the contractor has to have constructed the foundation for tanks and pump station. The site will be commissioned in…Details
In July Ukraine decreased consumption of coal by 19.4% YoY, to 3.57 million tons, but up by 11.3% MoM.
According to the State Statistics Service, in 2016 Ukraine consumed 31.3 million tons of coal, up by 9.4% YoY.
In June coal consumption decreased by 21.5% YoY, to 3.2 million tons. (Ukrainian metal)
Within the TechFest to be held in Dnipro on September 16-17, Interpipe will present an interactive sensor video wall with a game “Ship pipes to Dubai or wheels to Saudi Arabia”. All in all Interpipe will present 4 events at the Modern Metal Manufacture exhibition. Among them: the virtual tour of the pipe and wheel…Details
A fire on the territory of Novosibirsk Iron and Steel Works named after Kuzmin has been extinguished.
The accident took place on August 27.
The firefighters have evacuated 6 people. There have been no casualties.
Furniture and employees personal belongings were on fire in the shop No. 4 basement. (Ukrainian metal)
“In 2018-2023 we plan to put 7 new processing factories into operation with the annual capacity of 24.5 million tons. This will allow creating 1570 new jobs and processing 90% of coal mined in Kuzbass. Later on we plan to process all the coal mined here”, the Kemerovo region governor Aman Tulyeev declared. At present…Details
In July Russia produced 4.915 million tons of pig iron, down by 7.6% YoY (4.55 million tons in June). In January-July Russian pig iron output dropped by 2.6% YoY, to 35.101 million tons. Ukraine produced 1.79 million tons of pig iron in July, down by 13.8% YoY (1.52 million tons in June), with 14.031 million…Details
The Tin Ore Company, a part of Rusolovo, has put into operation a transport slope with the length of 780 meters at the Molodezhny mine of the Solnechnaya processing factory. The alternative scheme to transport ore is twice shorter than the previous one, which considerably decreases transportation cost. “With putting the factory into operation on…Details
According to the audit of suppliers in Q2 carried out by Tikhvinsky Railroad Car Works, MMK-Metiz became one of the best suppliers. The audit is carried out in correspondence with the Russian Railroads requirements, the company and international standards on supply to control the quality stability and reliability of supplies, as well as decrease and…Details
In January-June Raspadskaya increased coking coal deliveries to Evraz Ukraine enterprises 4.4-fold YoY, to 231 thousand tons. Evraz Ukraine share in Raspadsakay sales increased to 7% from 2%. In 6 months Raspadskaya sold 3.594 million tons of coal, up by 11% YoY, including 2.137 million tons for exports, up by 13%. Export share in the…Details
Almalyk Mining and Metallurgical Combine, a monopoly copper producer in Uzbekistan, will execute a $420 million-worth project to develop Yoshlik II porphyry copper deposit by 2024, according to the decree of Uzbek President Shavkat Mirziyoyev. The main parameters of the investment project have been approved in the document. The deposit should reach its designed capacity…Details
Russia’s Energy Ministry does not expect strong coal price fluctuations either on the domestic or the international market until the end of 2017, Deputy Energy Minister Anatoly Yanovsky said during celebration of the Miners’ Day in the city of Mezhdurechensk on August 25. “It is a thankless task to forecast prices. If you mention optimistic…Details
The modernization of Mogilev Metallurgical Works opens up new prospects for the enterprise, Belarus Prime Minister Andrei Kobyakov said as he visited the plant on August 25. Mogilev Metallurgical Works has implemented a high-technology project to produce rough axles for 1520 mm-gauge railway rolling stock. “I am glad that our designers and technicians demonstrate their…Details
Revdino Non-Ferrous Metals Processing Works hosted a meeting of UGMK-OtsM, RZOTsM, Uralmekhanobr and SMS Group specialists on the delivery, assembly and commissioning of a new pressing line.
The equipment is expected to arrive in autumn.
The new pressing line will occupy the largest territory in the shop No. 38. (Ukrainian metal)
Kimkano-Sutarsky Mining and Processing Works LLC since the start of its operations has shipped 1 million tons of iron ore concentrate. At present the daily loading is around 100 railroad cars, with 6 thousand tons of concentrate each. The products are exported to the Asian-Pacific countries. By late December the company will have reached the…Details