Evraz has commissioned a new long face No. 50-20 at the Uskovskaya mine. The reserves of the long face are over 1.9 million tons of coking coal. This is the first long face in the western wing. The company will be developing the wing until 2020. They intend to mine at least 5 million tons…Details
Kuzbassrazrezugol and Beijing CATIC Industry Limited have signed a memorandum of cooperation in carrying out projects in Kemerovo region. In particular, the coal company intends to buy mining and processing machinery valued at $70 million from China. According to the memorandum, the company will consider purchasing two WK-35 excavators, as well as processing machines within…Details
Nazarovsky Pit, a part of SUEK, has reached the output target for 2018 in advance, having extracted 3.25 million tons of coal. Until the end of the year the company intends to mine some 250 thousand tons more, thus reaching the annual output of 3.5 million tons of coal. The Pit has become the fourth…Details
In January-November Ukrainian ports increased cargo handling by 0.6% YoY, to 121.5 million tons. According to the Administration of Seaports, handling of metal products grew by 11%, or by 1.45 million tons. Exports increased by 10 million tons, to 88.8 million tons, while imports grew by 2.6 million tons, to 21.5 million tons. In particular,…Details
In November Corum Group signed an agreement with ViruKeemiaGrupp (VKG, Estonia) for the delivery of 8 electric substations. According to the company statement, the substations will be delivered to the Oyamaa mine, which extracts slate coal. “The substations have been modified according to the needs of the customer”, the group noted. The substations will be…Details
Gold prices decreased in Azerbaijan on December 12, while silver, platinum and palladium prices increased. The price of gold dropped by 3.842 manats, to 2,115.4205 manats per ounce on December 12 compared to the price on December 11. The price of silver grew by 0.0245 manats, to 24.8449 manats per ounce. The price of palladium…Details
The aluminum casting works RosALit has passed the technological audit of the spare parts manufacture organized by the Russian representatives of the Volvo Group. In December the company will supply the first batch of its own spare parts – transmission case covers – for Volvo trucks to the plant in the city of Kaluga. The…Details
Energomashspetsstal continues its cooperation with ArcelorMittal Temirtau (Kazakhstan). Under a previously concluded contract the company has shipped another batch of back-up rolls. The batch included 10 bulk rolls for cold- and hot-rolling mills. The total weight of the batch was 306 tons. This month 250 tons more will be shipped to AMT. In January EMSS…Details
UralKuz has started selling bulk forgings made of 50-ton ingots. Such products are in high demand in machine-building. This year some 1500 tons of such forgings have already been sold. The ingots are supplied by Chelyabinsk Iron and Steel Works. The new forgings are used by Mechel enterprises, as well as supplied abroad – to…Details
In 2018 Ruspolymet has doubled its exports, to 2 billion rubles.
Next year the company intends to further increased exports by 1 billion rubles.
At present the company exports rings and heat-resistant steel forgings.
By 2024 Ruspolymet expects to have increased its exports to 6 billion rubles annually. (Ukrainian metal)
The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles.
3 thousand jobs will be created.
The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)
The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved payment of 2.114 rubles per share in dividends for January-September, the company said in a statement on December 12. The shareholder register for dividends is to close on December 18. MMK paid 1.589 rubles per share in dividends for April-June, 0.801 rubles per share…Details
In January-October Russia exported 161.2 million tons of coal up by 10.3% YoY. In October coal exports dropped by 23.3% MoM, to 14.8 million tons. Revenue from coal exports in 10 months increased by 25.5%, to $13.7 billion. According to the Federal Customs Service, coke exports in 10 months decreased by 9.6% YoY, to 9.6…Details
In January-November the volume of industrial output in Kazakhstan increased by 4.5% YoY, including by 4.7% in mining.
Iron ore mining grew by 7.3% due to the increase in the output at Sokolovsko-Sarbaysky Mining and Processing Works.
Non-ferrous ores output increased by 3.9%. (Ukrainian metal)
Severstal Steel Ropes has registered a new trademark – Triniks. The mark will be applied to products used in cargo and passenger cable roads. The name of the trademark is comprised of the part of the Latin word trinus (journey) and nix (snow, with changed letters). “The industry of ski sports and extreme attractions is…Details
In 2018 Yekaterinburg Non-Ferrous Metals Processing Works has continued increasing the geography of sales. This year the company has entered the new markets in Europe and South-Eastern Asia, including Spain (products for medical industry) and Thailand (standard silver samples). Thus, the geography of exports has expanded to 33 countries. The company has also been making…Details
Raspadskaya mine extracted 806 thousand tons of coal in November, up from the target of 684 thousand tons.
This is the best monthly result among Raspadskaya Coal Company enterprises.
This is also the highest result for the past 8 years.
The mine is managed by the Raspadskaya Coal Company and extracts coking coal. (Ukrainian metal)
In January-November Priisk Solovievsky extracted 2933.9 kg of gold on the territory of Amur region, down by 2.2% YoY. 1992.9 kg accounted for alluvial gold, and the rest (941 kg) for ore gold from the Solovievsky deposit. In 11 months of 2017 the company extracted 2999.4 kg of gold, including 2055.2 kg of alluvial gold…Details
In 2019 the Fund of pipe industry development expects pipe consumption in Russia to grow by 1% YoY, while output will increase by 4%. OCTG pipes segment will grow by 4%, oil and gas pipes – by 2%, and construction and industrial pipes by 1%. In 2018 the volume of boring all over Russia increased.…Details
The Pipe Metallurgical Company has for the fist time shipped a batch of casing pipes with the diameter of 244.48 mm of the L80 strength group with TMK UP PF joints to Sakhalin Energy Investment Company Ltd. The pipes have been successfully unloaded at the Astokhskoye deposits in the Sea of Okhotsk. The order has…Details
Chelyabinsk Iron and Steel Works and Mechel-Coke have been switched to a special mode of operation to decrease pollution under unfavorable weather conditions. In particular, ChMK has shut down its 125-ton electric arc furnace, one furnace in rolling shops Nos. 1 and 4, two crushers, etc. The manufacture in the rolling shop No. 4 has…Details
In January-November Ukraine exported 823.45 thousand tons of ferroalloys valued at $899.895 million, down by 3.2% and by 11.4% YoY respectively. According to the State Fiscal Service, the main importers were Turkey (17.37%), Italy (14.99%) and the Netherlands (13.7%). At the same time Ukraine imported 51.24 thousand tons of ferroalloys valued at $148.9 million, down…Details
The country’s two giants, Bakyrchik mining enterprise and Sary Arka Copper Processing, are set to reach full production capacity. “The advanced mining enterprise using the latest equipment and technologies is set to produce 10 tons of gold concentrate an average per year. Realization of the project will let excavate gold ore within nine years and…Details
The employees of the Lesnaya mine in Chervonograd have announced an underground strike because of the salary debts. Since midday of December 10 miners of two shifts have remained underground. On December 6 the miners informed the management of the state enterprise Lvivugol about the possible strike. Since they have not been paid for October…Details