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Okhta GGK LLC, a part of Polymetal, has started developing the Khotorchan gold ore deposits in Khabarosvk territory. The first ore was mined on March 31. The deposits reserves will become the raw materials base for the Khakanjinskaya gold-extracting factory. The Khotorchan CC2 reserves are estimated at 839 kg, and forecast resources (R1) at 5…
DetailsKarelsky Okatysh is preparing to put into operation a new BelAZ dump truck. The company specialists are now assembling it. The lifting capacity of the machine is 240 tons, but the company intends to transport some 230 tons. By June the company will have received three more similar trucks. (Ukrainian metal)
DetailsRussian metals producers are preparing proposals to retaliate against U.S. imports duties, Deputy Prime Minister Arkady Dvorkovich declared. “Companies are preparing their proposals, we will discuss them. Initially, we wanted to hold a meeting in Krasnoyarsk but we have just decided to postpone it for several days in order to prepare better. We are waiting…
DetailsUntil December Mechel has to make monthly payments for the purchase of Donetsk Electrometallurgical Works, bought in 2011, and in 2016 “nationalized” by the militants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia. On December 22, 2011 Mechel bought 100% of Daveze Ltd shares, owner of 100% of DEMZ,…
DetailsUkrmetallurgprom suggests the Ministry of economic development and trade to initiate a special investigation as to the metal imports, as the European Union did in March. According to the enterprise president Alexander Kalenkov, this will help protect the domestic market from the large-scale and abusive imports of metal products, mostly from China, in the segment…
DetailsPetro-Consulting LLC, which has recently obtained the special license to mine for lithium ore in Donetsk region with the reserves of 14 million tons, intends to find a major foreign partner to start developing the deposit in 2021. Investments are estimated at $120 million and will be spent to construct the manufacturing infrastructure (electricity, gas,…
DetailsIn March Yuzhniy Mining and Processing Works decreased concentrate output by 0.6% YoY, to 1042.9 thousand tons. Sinter output grew 2.1-fold, to 230.4 thousand tons. In January-March UGOK produced 3012 thousand tons of concentrate and 521.4 thousand tons of sinter, down by 1%, but up by 15.7% YoY, respectively. In 2017 UGOK increased concentrate output…
DetailsA part of Zaporozhye Aluminum Works has been cheaply bought by Power-Generating Company Ukrhydroenergo LLC. In 2016 the management of the works, 68% owned by the state, represented by the Fund of State Property, decided to sell a part of the real estate, in particular, the main and administrative premises of the electric power plant,…
DetailsThe state enterprise Selidovugol on the basis of an open auction has ordered the private enterprise Techkom the delivery of bearings valued at 12.76 million UAH. In particular, the enterprise has ordered 5816 bearings of 171 types. The seller has to deliver the bearings at its own expense within 2 days of the receipt of…
DetailsThe First Ore Company LLC has submitted information to the Registry of Environment Impact on its plans to start mining beryllium in Zhitomir region. The size of the deposits is 4 ha. But to place mineshafts and manufacturing sites the size should be 30 ha. The company plans to lease the necessary land or buy…
DetailsThe Commercial Court of Donetsk region has obliged Donetskstal to pay 2.749 billion UAH to the investment fund ICU. The fund applied to the court in 2011. The case has to do with loans given by VTB Bank. In particular, 1.293 billion UAH is the loan itself, 514.9 million UAH – interest, 940.1 million UAH…
DetailsIn 2017 Bratsk Aluminum Works received 2.76 billion rubles of net profit, down by 26.2% YoY. According to the company statement, its revenue decreased by 14.6%, to 93.97 billion rubles, while gross profit grew by 12.8%, to 9.01 billion rubles. The company has not disclosed the reasons for the changes. (Ukrainian metal)
DetailsIn 2017 the market of large diameter pipes saw a considerable fall. Chelyabinsk Pipe Works and Pipe Metallurgical Company were left almost without orders. According to ChTPZ, the demand for LDP (530 to 1420 mm) decreased by 25%. In 2016 Russia sold 2.1 million tons of pipes, while in 2017 – 1.6 million tons. Analysts…
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