The right to explore Malatash gold deposit in Aksy district of Jalal-Abad region is put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. According to it, exploration and appraisal work was carried out at Malatash deposit and adjacent area in 1974-1977. Estimated reserves and forecast resources amount to 7,866.5 kilograms.…Details
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In January-September Donetsk region industrial output decreased by 12.4% YoY, while in September by 10.9% YoY and by 2.5% MoM. In September mining and quarrying output dropped by 7.7% YoY, including coal by 24.5%, metal output by 13.4%, coke – by 23.8%. In 9 months metal output decreased by 8.2% YoY, mining and quarrying by…Details
Energomashspetsstal has successfully passed the quality management system audit for the correspondence with the new ISO 9001:2015 requirements. The audit has been carried out by TUV Thuringen. The auditors have checked 16 manufacturing divisions at random. Following the check TUV Thuringen recommended granting EMSS the international certificate of ISO 9001:2015 correspondence. (Ukrainian metal)Details
In September Russia exported 2.35 million tons of coal to China, up by 83% YoY. In 2016 China imported 18.93 million tons of coal from Russia, up by 18% YoY. In 2015 imports dropped by 60% YoY, to 15.78 million tons. 5 largest companies account for 78.8% of all the coal output (223.3 million tons).…Details
The State Property Fund of Ukraine intends to sell 68.01% of shares of Zaporozhye Aluminum Works in early 2018. ZALK is Ukraine’s only primary aluminum manufacturer. SUAL became the owner of the works in 2004. In 2007 Rusal took over the control. After long trials the court cancelled the sale-purchase agreements and returned 68.01% of…Details
Russia’s gross domestic product (GDP) growth, domestic demand recovery, higher steel prices and the stabilization in consumer confidence will help strengthen the country’s steel industry in 2017-2018, Moody’s said in a report on October 25. “We expect that steel demand in Russia will remain healthy on the back of the continuing GDP recovery, while average…Details
In January-September Kazakhmys produced 169.4 thousand tons of copper cathodes, up by 3.7% YoY. Average copper contents in ore were 0.99%, up from 0.95% in January-September 2016 and by 8.1% from the target. Factories processed 21.8 million tons of ore. In 2016 Kazakhmys produced 225.657 thousand tons of ore, up by 2.5% YoY. (Ukrainian metal)Details
Steel consumption in Russia in 2017 will grow by 5-7% YoY, to 40 million tons, Severstal believes. According to the group corporate strategy director Anton Laptev, the main driver will be investments in the local GDP. At present their share is below 20%, but has to be at least 25%. Steel consumption was at its…Details
The state enterprise Mirnogradugol has ordered the Zakhystprom trade LLC the delivery of self-rescuers and regenerative charges valued at 27.1 million UAH. In particular the company has to supply 2500 self-rescuers and 1 thousand charges. According to the agreement, self-rescuers cost 9.5 thousand UAH apiece, and charges – 3.34 thousand UAH. At the same time…Details
The general manager of Nikolaev Alumina Works Dmitry Mirny has informed the employees of the change of the owner: the Swiss Glencore buys the plant from Rusal. “We expect a visit of Glencore specialists soon. According to our information, Rusal is negotiating retaining alumina supplies with Glencore”, he said. “All the rights of the employees…Details
In January-September Zagorsky Pipe Works shipped 83 thousand tons of large diameter pipes to its customers, with half of this volume supplied in Q3. Pipe sales in 9 months increased 5-fold YoY. In July the company shipped 7 thousand tons of pipes, in August – over 13 thousand and in September – more than 26…Details
Two gold deposits are put up for auction in Kyrgyzstan, the State Committee of Industry, Energy and Subsoil Use reported. Forecast resources of Kyzyl-Tash deposit in Jalal-Abad region of Ala-Buka district of P1 category are 3.2 tons with a gold content of 5.04 grams per ton. The starting price is $62,200. Ishakulidinskoye field in Jalal-Abad…Details
Electrocable has purchased a tensile-testing machine. The 1.5 million rubles machine tests metal wire (wire rod) and belts used to manufacture cables. It has replaced the tensile-testing machine, produced in 1960s. Unlike the old equipment the new machine is completely automated. “We test the tensile strength of wire rod by stretching it with the strength…Details