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Vostsibugol has started industrial development of Nygdinskaya site and intends to mine some 60 thousand tons of coal in December. The coal mined will be processed at the Kasyanovskaya factory or sent directly to local consumers. Vostsibugol won the auction to develop the site in 2013, having paid 2.85 million rubles. (Ukrainian metal)
DetailsIn January-November the Chukotka Autonomous District obtained 23.646 tons of gold, down by 12% YoY. Silver output dropped by 19%, to 121.5 tons. In particular, ore gold manufacture decreased by 14%, to 21.318 tons. Alluvial gold companies increased output by 9% YoY, to 2.327 tons. This year 12 companies are extracting gold in the district.…
DetailsKarelsky Okatysh has commissioned a new warehouse. Its capacity is some 70 thousand tons of pellets. The main peculiarity of the new site is its machinery, which allows simultaneously storing pellets of various kinds. These are two conveyers, one of which brings products to the warehouse, while another returns them for loading. Their total length…
DetailsBeloretsk Iron and Steel Works has certified the surfacing wire of high-alloyed steel grades at the National Agency of Welding Control. The first batch of the certified wire will be sent to Blagoveschensk Rebars Works in January 2018. The tests have confirmed that the wire allows obtaining a qualitative and strong surface of machinery parts.…
DetailsThe Federal Antimonopoly Service found out that in 2013-2015 Evraz set the profitability of 1058 mm wheel manufacture 4 times higher as that on the market. According to FAS, Evraz occupies the “dominating position on the Russian railroad wheels market” and has violated the law on competitiveness protection. In the past 5 years Evraz share…
DetailsAs of December 4, Irkutsk region yielded 21.4 tons of gold, including 10.8 tons of alluvial gold and 10.6 tons of ore gold. 4 companies provided for the main yield – 17.3 tons, including Polyus Verninskoye (5.9 tons), Lenzoloto (4.5 tons), Vysochaishiy (3.9 tons) and Vitim (2.9 tons). Druza obtained over 900 kg of gold…
DetailsThree gold deposits were put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. Kumbel gold deposit was discovered in 1936. Its reserves estimate has never been approved. The starting price is $9,120. The auction will be held on January 24, 2018. In addition, Issyk-Ata area with a starting price of…
DetailsAvdiivka Coke and Chemical Works is repairing furnaces. In May after 3 years of forced idleness the eighth battery resumed coke manufacture. But because of frequent halts and the temperature falls refractory lining at some furnaces has been destroyed. According to the company CEO Musa Magomedov, because of the military activities, the works had to…
DetailsThe State committee on geology and mineral resources has this year attracted 4 foreign investors to prospect 10 gold deposits. The agreements have been signed with B2Gold (Canada), NordGold (UK), TUMAD (Turkey) and Shindong Resources (South Korea). Gold reserves on these deposits are not revealed, but investments in prospecting could total $8 million. The agreements…
DetailsIn January-November Amursky Ugol mined 3.1 million tons of coal. Out of the total volume the Severo-Vostochny pit yielded 1.2 million tons, up by 12% YoY. Yerkovetsky pit miners obtained 1.9 million tons of coal. This year the company has supplied over 1 million tons of coal to utility and housing enterprises of the Amur…
DetailsKrasniy Octyabr Iron and Steel Works will assemble new equipment in its rolled metal treatment shop – two scalping machines PL 370 and PL 250, as well as the 2-roll straightening machine RLL 250. All the machinery is manufactured by Danieli (Italy). The new machines will replace old mills, increase output as well as process…
DetailsShareholders of Lysva Iron and Steel Works have approved of the board of directors reelection and the cancellation of the management agreement with Lysva Metallurgical Company LLC, as well as attracting a 3-year loan of 4 billion rubles at 8% from MMK. MMK managers have also been elected to the board of directors. LMZ capacity…
DetailsIn January-November Ukraine received $7.848 billion from the exports of ferrous metals, up by 18.5% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.88% of the total export revenue against 20.24% in January-November 2016. In November ferrous metals exports earned Ukraine $932.47 million, up from $744.43 million in October. Imports increased by…
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