Gold production on Russia’s Chukotka peninsula decreased by 12.34% YoY, to 23.646 tons in January-November, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on December 11. Silver production in the area fell by 18.96%, to 121.533 tons in the period. Chukotka Mining and Geological Company, a unit of Kinross…Details
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Metinvest Mining and Metallurgical Group intends on December 18 to pay $6.509 million non-guaranteed interest income on eurobonds for the period from August 18 to September 18 to the holders of eurobonds with maturity of up to December 31, 2021. According to a group report on the website of the Irish Stock Exchange, the interest…Details
In 2018 RG Gold intends to increase gold output to 45-48 thousand ounces (1.4-1.5 tons) per year. “Now the capacities of our two grinding complexes allow us processing some 1.3 million tons of ore per year. When the third complex is commissioned, we will reach the annual level of over 2 million tons”, the company…Details
The state enterprise Volynugol has received funds to pay salary to miners. According to the information department of the Volyn regional state administration, the region has received 30.3 million UAH, of which 25 million will be used to clear salary debts to miners for August-October. The money has already been transferred to the enterprise account.…Details
Following the construction of a ladle crane for Evraz ZSMK, Uralmashzavod is working on a special crane for Tulachermet. The machinery will be used at the new iron and steel works being built in the city of Tula. For Tulachermet-Steel Uralmashzavod has already produced 10 cranes. (Ukrainian metal)Details
The authorities of the Sverdlovsk region and the VSMPO-Avisma Corporation have concluded a special investment contract until 2023. According to the agreement the corporation will carry out modernization of its rolling complex in the city of Verkhyaya Salda valued at over 1.2 billion rubles. Following the modernization new jobs will be created and the titanium…Details
Evraz ZSMK has started assembling a new ladle crane in its converter shop No. 2. The machinery has been produced by Uralmashzavod. The representatives of the customer were present at the machine-building works during the control assembly and testing. The machinery works faultless. The main units of the crane have been shipped to Evraz ZSMK.…Details
Magnitogorsk Iron and Steel Works has finalized the deal on the purchase of 100% of LMK Group. The group comprises of Lysva Metal Company, Lysva Iron and Steel Works and Insayur-Autotrade-TL Trade House. LMK Group is the only producer of electrolytic galvanized rolled metal with coating in Russia. Its total capacity is 350 thousand tons…Details
The Genco Raptor bulker with 75,000 tons of coal from South Africa for DTEK arrived in the Yuzhny port overnight December 10 into December 11 morning, the press service of the DTEK energy holding has reported. “The entire amount of coal will be sent to DTEK Kriviy Rih thermal power plant. Coal stocks at the…Details
As the result of artillery shelling Avdiivka Coke and Chemical Works has been cut off of railroad. “The electricity line of Ocheretino-Avdiivka has been damaged, as well as the contact-wire network of the railroad”, the company CEO Musa Magomedov wrote on his Facebook page. According to him, the company energy engineers are examining the damaged…Details
Ukraine this year would reduce anthracite consumption to 5 million tons, which is almost 50% less than the figure for the previous year, the press service of the government has reported, referring to Deputy Prime Minister of Ukraine Volodymyr Kistion. “If earlier we consumed over 9 million tons of anthracite coal a year, at the…Details
Metinvest has implemented a project to increase the permissible size of ships calling at the Italian Porto Nagaro. The first vessel of 15,000 deadweight tons with metal products from Mariupol arrived at the port on November 29. Metinvest Group in cooperation with its Italian partner Fratelli Cosulich Company has developed a project to increase the…Details
In January-November Ukraine imported 17.376 million tons of coal valued at $2431.05 million. According to the State Fiscal Service, Russia supplied $1370.08 million worth of coal (56.36%), USA – $603.79 million (24.84%), Canada – $149.86 million (6.16%), and other countries – $307.3 million (12.64%). At the same time Ukraine exported some $54.828 million worth of…Details