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The actual economic impact of the implementation of proposals at the Magnitogorsk Iron and Steel Works in 2017 amounted to 599.3 million rubles. This is 2.5% higher than in 2016, when the economic impact of proposals was 584.5 million rubles. The largest contribution to the savings achieved was 356.3 million rubles, made by rolling production.…
DetailsRussian gold producer Polymetal International has signed the first sales contract for its Kyzyl field in Kazakhstan and will sell gold concentrate to a partner that has been buying much gold concentrate from the Maisky field for over two years, the company said in a statement on February 21. The partner will buy at least…
DetailsPJSC ArcelorMittal Kriviy Rih started the hot tests of sinter machine No. 5 after its modernization. It was performed as part of the company investment program on modernization of the Sinter Plant No. 2 and improvement of environmental indicators. During modernization of sinter machine No. 5, gas-cleaning plant of wet type was replaced by the…
DetailsThe state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…
DetailsLast year Kazakhstan increased ferrous metals output by 37.8% YoY, to 1.55 trillion tenge. Karaganda region (42.3%), Pavlodar region (31.5%) and Aktyubinsk region (19.1%) accounted for the most part of the output. Flat rolled metal output grew by 2.2% YoY, ferroalloys – by 7.2%, raw steel – by 9.4%, alloyed steel rods – by 26.2%,…
DetailsIn 2017 Kazakhstan mined 242.7 billion tenge worth of iron ore, up by 25.9% YoY. Kostanay region accounted for over 88% of the total volume (214.4 billion tenge, up by 23.4%), Karaganda region – 10.3% and Akmola region – 1.1%. ArcelorMittal Temirtau (Orken LLC) operates in the main “iron ore” regions – it is the…
DetailsFar Eastern Natural Resources LLC (FENR), a daughter company of the Indian power group Tata Power, has won the auction to develop the Krutogorovskoye deposits of coal in Kamchatka. The company offered the highest price – 264.88 million rubles. The deposit was discovered in 1934. Its reserves are estimated at 300 million tons of coal.…
DetailsThis year Vysochaishiy (a part of GV Gold) intends to reach gold output of 300 thousand ounces (9 tons). According to GV Gold chairman Sergey Dokuchaev, Taryn GOK in the Republic of Sakha and Ugakhan GOK in the Irkutsk region will contribute the most to this growth. Taryn GOK was put into operation in September…
DetailsIn January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY, or by 1 million tons. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9% YoY, to 2.1 million tons, and that of coking coal – by 2.95%, to 559 thousand tons. (Ukrainian metal)
DetailsThe management of the Russian steelmaker NLMK will recommend dividends for October-December 2017 higher than encompassed by the company’s dividend policy, CEO Oleg Bagrin declared on February 20. “Certainly, recommendations will be higher than encompassed by the dividend policy,” he said. Under the dividend policy updated in 2015, NLMK can pay from 50% of the…
DetailsRosterminalugol, the largest dedicated coal terminal in the European part of Russia with state-of-the-art coal handling technology (a part of coal holding Port Management Company) celebrated yet another coal transshipment milestone. Since 2003 the terminal has exported 150 million tons of coal, the terminal operator said in a press release. The 150-millionth ton was loaded…
DetailsDzholdoshbek Dzhunushev was appointed General Director of the State Enterprise Kyrgyzkomur, press service of the State Committee for Industry, Energy and Subsoil Use reported. According to its information, the new head was introduced to the staff by the Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic Ulanbek Ryskulov…
DetailsThe state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 92.69 million UAH. This year the company will supply 16 thousand tons of technical granulated sulfur with the purity of at least 99.98% at 5649 UAH or $212 per ton. The products will be…
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