Russia: Korshunovsky GOK commissions new drilling rig at Rudnogorsky mine

Korshunovsky Mining and Processing Works is commissioning a new drilling rig at the Rudnogorsky mine.

The machine has been purchased under the program of capital investments.

At present the machine is being assembled.

The company has 14 days to assemble the rig, after that it will be commissioned. (Ukrainian metal)

Ukraine: AMKR supplies rolled products for construction of wind power plants

PJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…

Details

Russia: Chukotka’s gold output down

Gold output of the Chukotka Autonomous District is falling, governor Roman Kopin said in his letter to president Vladimir Putin asking for higher financing of geological exploration and better mechanisms of licensing of subsoil sites. Kopin said that the gold reserves of the unallocated subsoil reserve fund of the region stood at only 95.2 tons,…

Details

Russia: ministries reject proposed windfall tax on metals and mining firms

Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies is inappropriate, Reuters reported citing Industry Minister Denis Manturov. “With colleagues from other ministries, we have reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum. The proposal, put…

Details

Russia: steel imports from Ukraine up in H1 2018

In January-June Russia imported 1.13 million tons of rolled steel and pipes from Ukraine, up by 47.8% YoY.

The share of bars and sections is around 55%, up 2-fold.

Flat rolled metal accounts for 32.9%, up by 1.4%, while pipes dropped 2-fold, to 3.3%. (Ukrainian metal)