Russia: Finance Ministry to increase sanctions for illegal precious metals mining

The Ministry of Finances suggests increasing the volume of sanctions for the breach of precious metals and stones mining, using and storing rules. The maximum fines for companies and individual entrepreneurs could increase 5-fold, to 250 thousand rubles, for officials – 4.7-fold, to 70 thousand rubles. The decision is aimed at decreasing the grey market.…

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Russia: KMZ ferromanganese output and sales up in 2017

In 2017 Kosaya Gora Iron and Steel Works sold 63.6 thousand tons of ferromanganese, up almost by 8 thousand tons YoY.

At the same time ferromanganese output increased by 7.8 thousand tons YoY. (Ukrainian metal)

Ukraine: Pervomayskugol gets loan to open new long face

The Cabinet of Ministers has provided the state enterprise Pervomayskugol with the state guarantees for the loan of 2276.2 million UAH.

The funds will be used to commission the new long face at the Gorskaya mine.

The decision on the loan was taken in 2017 by the Ministry of energy and coal industry. (Ukrainian metal)

Russia: ZEMZ starts producing new heat-resistant steel grades in 2017

Zlatoust Electrometallurgical Works goes on with its projects to expand the grade and section portfolio. In particular, in 2017 it started manufacturing new grades of heat-resistant steel (ep99id, ep648vi, ep718 and ei943). These grades are widely used in the manufacture of structure elements and parts operating under high temperature. Last year ZEMZ also started manufacturing…

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Russia: international audit confirms MMK’s environmental management quality

Magnitogorsk Iron and Steel Works (MMK) has received a successful supervisory audit of its environmental management system by meeting the requirements of a new version of the international standard ISO 14001. Following the assessment, specialists representing the authoritative international certification body TÜV Nord Cert (Germany) confirmed that the system entirely met the requirements of the…

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Ukraine: titanium ore exports up in 2017

Ukraine in 2017 increased exports of titanium-containing ore and concentrate in natural terms by 26% compared to 2016, to 583,772 tons. According to customs statistics released by the State Fiscal Service, during this period exports of titanium ore and concentrate in monetary terms increased by 25.3%, to $105.235 million. Major exports were made to the…

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Russia: Kolyma confirms gold output

Kolyma gold-extracting companies have confirmed the 2017 gold output on the level of 32.7 tons.

In 2018 they have received orders for 32 tons of gold.

At the same time the real forecast for the year is 37 tons. (Ukrainian metal)

Russia: VostokUgol to get UMZ walking excavator

Uralmashzavod has completed the final stage of dragline 11/75 shipping.

The corresponding contract with VostokUgol (Novosibirsk region) was signed in October 2016.

The machine will be operating at the Vostochniy pit and is expected to start working in Q1. (Ukrainian metal)