In January-March Serebro Magadana (a part of Polymetal) mined 381 kg of gold and 170 tons of silver. Omsuckchanskaya factory processing grew by 2%, to 484 thousand tons of ore. Gold output increased by 25% YoY, while that of silver remained on the previous year level. The growth of gold output has to do with…Details
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In January-March Buryatia obtained 0.86 tons of gold, up by 21.5% YoY, Zapadnaya artel LLC (Zapadnaya Mining) operated at the Kedrovoe deposits, and Buryatzoloto (a part of Nordgold) at the Irokinda and Kholbinsky mines. This year Buryatzoloto intends to invest 607 million rubles in drilling at its mines. Balance reserves of the deposits are estimated…Details
Bystrinsky Mining and Processing Works has shipped the first batch of products – 1.5 thousand tons of copper concentrate – to China. By the end of the month 3 thousand tons more will be shipped. Bystrinsky GOK was constructed by Nornickel in 2017 in the hard-to-reach part of Zabaykalye region, and is now being commissioned.…Details
Kola Iron and Steel Company has started constructing a gallery to transport coal from the site of its processing directly to the pelletizing department. At present the company transports this coal with the help of automobiles, which incurs some risks and demands considerable expenses. The length of the conveyer will be 150 meters. The project…Details
Beloretsk Iron and Steel Works has successfully tested a new type of excavator steel rope with polymer coating. The tests have been carried out under the project to produce multi-strand steel ropes (8-12 strands) with the diameter of up to 90 mm, including with polymer coating. These ropes will replace imported analogues in mining, oil…Details
Zaporizhstal has used innovation techniques during the capital repairs of its blast furnace No. 3. According to the company CEO Rostislav Shurma, Mammoet (the Netherlands) has greatly helped in the process. The Dutch delegation visited Zaporizhstal on April 20 to get to know the environment modernization of the plant. In particular, the semi-knock down assembly…Details
Dutch metal processing company Focus Fabrication Group plans to build a 3,800 square meter metal processing plant in the port of Klaipeda by the middle of 2019. The plant would produce various pipe constructions by processing 10,400 kilograms of metal a day. Exports would mainly go to Western European oil and gas companies. (BNN/Ukrainian metal)Details
After the meeting that took place at the end of August 2017, British Steel, which had previously voiced an interest in KVV Liepājas metalurgs, refused to purchase the bankrupt company, says Liepaja City Council chairman’s advisor for public relations matters Andrejs Rjabcevs. Last week Liepaja City Council chairman Uldis Sesks refrained from commenting the matter…Details
Last week, the price of one ounce of gold in Azerbaijan decreased by 6.2985 manats or by 0.28%, to 2.287.6696 manats. The price of one ounce of silver increased by 0.9188 manats or by 3.25%, to 28.73116 manats. The price of one ounce of platinum increased by 12.223 manats or by 0.77%, to 1592.6722 manats…Details
Norway’s aluminum maker Norsk Hydro may declared force majeure on some contracts with Russian aluminum giant UC RUSAL recently hit by U.S. sanctions, Norsk Hydro said in a statement. The company has notified RUSAL “it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations…Details
The state enterprises Selidovugol and Mirnogradugol have ordered the Donenergoexport LLC the delivery of mine sections at 4.2 million UAH and 3.87 million UAH respectively. In particular, Selidovugol ordered 105 tons of SVP-27 sections at 40 thousand UAH per ton, and Mirnogradugol – 100 tons at 38.76 UAH per ton. Had Selidovugol reached the Mirnogradugol…Details
In January-March Seligdar mined 238 kg of gold, up 2.5-fold YoY. Ryabinovoye LLC was the leader in gold mining: its output in Yakutia grew 2.3-fold, to 178 kg. The Podgolechnoye deposit yielded 28 kg of gold, with 4 kg more produced by Nizhneyakokitsky Mining Works. Sininda-1 mined 9 thousand tons of ore, but had not…Details
In 2019 the Bakyrchik Mining Enterprise LLC, a part of Polymetal, intends to reach the full capacity and yield up to 10.5 tons of gold per year at the Bakyrchik deposits. The factory will be put into operation in 2 months. Investments in the construction totaled $322 million. (Ukrainian metal)Details