In 2017 Russia increased gold output by 7.9% YoY. According to the Rosstat, silver production dropped by 0.6%. In December 2017 gold output grew by 1.3% YoY, while silver – fell by 4.6%. At the same time gold output growth was 2.5% MoM and silver – 45.7%. (Ukrainian metal)Details
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In 2017 Bozshakol Mining and Processing Works produced 119 thousand ounces of gold, up almost 2-fold YoY. According to Kaz Minerals, ore output increased by 22%, to 34.6 million tons. “Processing grew by 112%, from 11.1 million tons to 24.6 million tons of ore. Average copper contents in the processed ore dropped from 0.56% in…Details
In 5 years Chepets Mechanical Works intends to increase revenue 1.7-fold, from 13.5 billion rubles in 2017 to 22.7 billion in 2022. The most prospective direction is the manufacture of titanium products. According to the experts, by 2022 the company share of the market could reach 30%, with machine-building enterprises its main customers. Last year…Details
Energomashspetsstal continues delivering rolls under previously concluded contracts. In December 2017 the company shipped over 100 tons of rolls to Zaporizhstal. The batch comprised 4 supporting rolls with the combined weight of 101 tons. 3 more rolls with the total weight of 76 tons were shipped to Mariupol Ilyich Iron and Steel Works. The corresponding…Details
Kosaya Gora Iron and Steel Works has won a tender to supply pig iron to Minsk Tractor Works (Belarus). In Q1 the company will deliver 9 thousand tons of pig iron to one of the world leading manufacturers of tractors. In 2017 KMZ increased ferromanganese output and sales – by 7.8 thousand tons and by…Details
The project to construct a new iron and steel works of Ishstal in Bashkortostan with the participation of Chinese investors has been suspended. The republican authorities have excluded it from the list of priority projects of the region. It was supposed that investments in the project would total over 6 billion rubles. The…Details
In 2017 Stoylensky Mining and Processing Works increased concentrate output by 3% YoY, to the record-high level of 16.08 million tons. Of this 6.5 million tons were used to produce iron ore pellets, and the rest (9.6 million tons) shipped to Novolipetsk Iron and Steel Works, which consumes 100% of SGOK products. Sinter ore manufacture…Details
In 2017 Severstal-Metiz started manufacturing over 100 new types of products, having increased its product range. Among them are new types of steel sections, railroad fasteners and gauged rolled metal, etc. In particular, last year Severstal-Metiz started producing railroad screw with fixed nut and became the exclusive supplier of Vossloh fasteners in Russia. (Ukrainian metal)Details
These activities imply comprehensive assessment of compliance of construction and operation of Udokan Mining and Metallurgical Plant with the environmental requirements established by the government of the Russian Federation with the aim to prevent negative impact that planned operation of the deposit might generate on the environment, including, among other things, recommended preventive and mitigation…Details
There is a conflict growing between militants of the so-called Donetsk and Lugansk People’s Republics, terrorist organizations created and supported by Russia, because of the coal deliveries to Zuyevskaya Thermal Power Plant, which could result in the complete halt of the plant and bring about a power crisis on the Russia-seized territories. “The warehouses of…Details
In 2017 Belarus Iron and Steel Works increased profit 5-fold, to $71 million. According to the company statement, sales revenue grew by 132%, to $1.166 billion. “Thanks to the stabilization of the situation on the raw materials market in September 2017, steel manufacture at BMZ reached 210 thousand tons per months. This provided for the…Details
Ukrainian businessman and owner of DCH Group Oleksandr Yaroslavsky held talks with U.S. and Chinese investors in Davos on the possibility of co-financing Sukha Balka mining with banks. He bought Sukha Balka in May of 2017 from Evraz. The businessman noted the prospects of this enterprise and the intention to attract co-financing for the implementation…Details
The new major shareholder of Petropavlovsk – the Kazakh businessman Kenes Rakishev intends to make the company sell its 31% stake in the iron ore IRC. The company share is estimated at $65 million, while the total debt of IRC of $233.75 million is the ICBC project financing with Petropavlovsk guarantees. The money was borrowed…Details