Australian-British Rio Tinto jointly with Kazgeologia started new exploration work in Karaganda region. According to the regional administration, the exploration is taking place in two areas of the region Korgantas and Balkhash-Saryshagan. The company expects to find three world-class copper deposits with at least 1 billion tons of metal. The volume of investments at the…Details
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Nornickel’s Polar Transport Division shipped over one third of the coal planned for delivery to remote settlements of Taimyr. Vital cargo, supplied by the company under the “Northern Supply Haul” program, is transported by river barges and sea vessels to hard-to-reach Far North areas. Company’s annual cargo turnover exceeds 60 tons of the solid fuel.…Details
Rodinskaya miners have been paid 74% of the June salary. After that the mine, a part of Mirnogradugol, resumed operation. On August 10, the third shift miners refused to go underground demanding their salary debts for June and July to be cleared. According to the mine director Vitaly Maiboroda, the mine is in the liquidation…Details
In May the Azov sea environment inspection checked the compliance of Azovstal Iron and Steel Works with the environment legislation. Following the inspection the Azovstal has been fined for 11.645 thousand UAH. Each year Mariupol-based companies dump some 900 million cubic meters of wastewater into water basins, with Azovstal accounting for 87% of the total.…Details
In April-June Seversk Pipe Works received 94.3 million rubles of net losses, up from 42.2 million rubles of losses in Q1. The consolidated losses of STZ in H1 exceed 136.4 million rubles. In H1 2016 the company received 1.23 billion rubles of net profits. In Q2 the company sold 10.14 billion rubles worth of products,…Details
In July Almalyk Mining and Processing Works saved 6892.482 million soums worth of fuel and energy resources. In particular the company decreased electricity consumption by 13.2%, or by 29842.9 thousand kW-h, valued at 5898.5 million soums. The cement shop decreased electricity consumption by 30%, lime shop by 25.3%, Angren ore group by 21.6%. Natural gas…Details
Construction of the gold-extracting factory is drawing to an end in Akmola region. “The work is 87% complete. The main premises machinery is being assembled, and the substation is being constructed”, the city of Stepnogorsk mayor’s office reported. The cost of the project is 11774 million tenge. The capacity of the factory will be 1.1…Details
In January-June the Norilsk Nickel palladium investment fund Global Palladium purchased some 5 tons of metal (170 thousand troy ounces). “The purchase volume in H2 will depend on the market situation”, the company CFO Sergey Malyshev reported. According to him, the fund has been working quite actively, with revenue up 2-fold YoY. (Ukrainian metal)Details
In Q2 Taganrog Metal Works received 357.1 million of net losses, up from 58 million rubles in Q1. The combined losses of the company in H1 total 415 million rubles, up from 328 million rubles in H1 2016. In Q2 Tagmet revenue dropped by 9% QoQ, to 8.4 billion rubles. The combined revenue in H1…Details
In July Dneprospetsstal produced 21142 tons of steel and 13866 tons of rolled metal, down by 3.2% and up by 0.2% MoM respectively. The total cost of products manufactured in July was 688028 thousand UAH, up by 2.9% MoM. In January-July DSS produced 148887 tons of steel and 98499 tons of rolled metal, up by…Details
In January-July Russia produced 2.4 million tons of steel structures and metal wares for construction, up by 11.8% YoY. According to the Federal Service of State Statistics (Rosstat), in July output increased by 22.8% YoY, but dropped by 12.9% MoM. (Ukrainian metal)Details
In January-June Zagorsky Pipe Works increased pipes sales by 40% YoY. According to the company statement, it has shipped over 37 thousand tons of large and medium diameter pipes to its customers. The works has successfully delivered all the contracted pipes to Novatek, Arktikgaz and Lukoil, as well as supplied pipes of various sizes to…Details
In Q2 Izhorsky Pipe Works started producing and shipping large diameter pipes for the project of the Kharampur gas deposits development in Yamalo-Nenets Autonomous District. Under the contract concluded in late 2016, ITZ will supply over 100 thousand tons of pipes with 1220 mm diameter and 20-28 mm wall thickness of K60 steel. The plates…Details