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The board of directors of Russian hydropower giant RusHydro have approved the company’s $319.5 million participation in the long-running construction of the Taishet smelter of aluminum giant UC Rusal, RusHydro said in a statement on April 5. “The cost of RusHydro’s participation in the project stands at no more than $319.5 million (RusHydro’s stake in…
DetailsThe increased antidumping duties on railroad wheels made in Ukraine are in effect on the territory of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan) from April 5. Previously the duty was 4.75%, now it is 34.22%. The decision was made on February 28. The previous duty was set in 2016, but it…
DetailsIn January-March Ukraine exported 9.487 million tons of iron ore raw materials valued at $700.842 million, up by 6.6% and by 4.5% YoY respectively. According to the State Fiscal Service, exports mostly went to Slovakia (15.81%), China (15.93%) and Poland (14.55%). At the same time Ukraine imported 9.006 thousand tons of iron ore raw materials…
DetailsIn Q1 Ferrexpo produced 2.585 million tons of iron ore pellets, down by 1.5% YoY. According to the group statement, it produced 149.9 thousand tons of pellets of 62% iron contents ore and 2.435 million tons of 65% ore. Manufacture of pellets of its own ore dropped by 1.6%, to 2.571 million tons, while of…
DetailsDTEK Dobropolye Central Processing Factory has completed the second project on lighting system replacement. 130 LED-lamps have been installed at the conveyer site, with 3.5 km of cable replaced. The company intends to reach 85% of savings on lighting there. This will allow it saving some 500 thousand kW-h, or 840 thousand UAH per year.…
DetailsTeams of DTEK Pervomayskoye and Ternovskoye Mine Groups on March 29 mined their first million tons of coal since the beginning of the year. In the Ternovskoye mine department, the mining areas No. 1 led by Vladimir Romankov and the site No. 6 led by Sergei Somchenko, were particularly distinguished. Both teams have already produced…
DetailsUkraine’s Cabinet of Ministers has obliged state-owned coalmines, which have accumulated significant wage debts owed to coalminers, to funnel 70% of proceeds from coal sales into the repayment of the delayed wages. The relevant decision was made at a government meeting on April 4. “It is proposed to adopt a protocol decision, which stipulates that…
DetailsAccording to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold…
DetailsIn 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles. Revenue exceeded 78.73 billion rubles, up by 37% YoY. Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)
DetailsNeryungry-Metallik LLC, a part of Nordgold, in 2017 extracted 2.084 tons of gold (67 thousand ounces). Ore mining exceeded 5 million tons, while processing, taking into account stocks, – 6 million tons. Since last year the company has been mining ore at three deposits in Yakutia – Tabornoye (since 2002), Temnoye and Gross. In August…
DetailsCoal exports in January-March increased by 6.8% YoY, to 44.42 million tons. According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)
DetailsMechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company. The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters. Investments in the project totaled 230 million rubles. (Ukrainian metal)
DetailsAndrey Chernomaz, director of the Abayskaya mine, has been appointed the director of the ArcelorMittal Temirtau coal department. He started working in his new office on April 2. Chernomaz’s tasks will be to reach output targets and improve the coal and coal concentrate quality, as well as increase the efficiency of labor safety, etc. Parshant…
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