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Anglo Asian Mining says it may resume operation of the Gadir mine in Q4. Ore mining at Gadir was stopped in February to carry out exploration drilling. The company is also carrying out test drilling at its Gedabek quarry prior to resuming operation in Q1 2018. Moreover AAM is examining the new Ugur deposits with…
DetailsAzerGold is looking for suppliers of crucibles for non-ferrous metals smelting. The cost of the participation in the competition is 100 manats. The company is accepting offers until December 13. The tender procedure will be carried out on December 14. AzerGold was created on February 11, 2015. (Ukrainian metal)
DetailsSeverstal Steel Decisions has successfully been certified for the EN ISO 3834-2 and EN 1090 standards correspondence. 2451 DVS Zert GmbH carried out an audit in the city of Orel checking the welding manufacture and inner manufacturing control compliance with the international standards. The international certification has confirmed the fact that SSD manufactures products and…
DetailsChelyabinsk Zinc Works has produced 27 kg of indium of the 6N purity grade and the main element contents of 99.9999%. Earlier ChTsZ was able to produce indium of 5N (In>99.999%). The company started obtaining indium from the rotary oxide in the 1940s. At first the metal was produced as concentrate or indium sponge. In…
DetailsDmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (parts of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot-briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest’s steel…
DetailsIn August Metinvest EBITDA decreased by 1.88% MoM, or by $3 million, to $157 million. At the same time revenue grew by 1.78%, or by $13 million, to $745 million. In August the group sold 269 thousand tons of semi-finished products for $104 million, including 182 thousand tons of pig iron billets for $65 million,…
DetailsIn January-September the net losses of Mechel doubled YoY, to 11.71 billion rubles. Revenue dropped 2.2-fold, to 5.12 billion rubles, gross profit decreased 5.2-fold, to 2.19 billion rubles. Sales profits fell 9.5-fold, to 1.06 billion rubles. In H1 Mechel net profit decreased by 40% YoY, to 4.994 billion rubles. (Ukrainian metal)
DetailsIn 2018 DTEK Energo intends to increase coal output by 6.5% YoY, or by 1.5 million tons, to 24.5 million tons. According to the company CEO Dmitry Sakharuk, next year DTEK will put 37 new long faces into operation. The cost of each face is some 300 million UAH, thus investments will total 11.5 billion…
DetailsThe Antimonopoly Committee of Ukraine has allowed Berklemond Investments Ltd (Cyprus), a part of DCH of the businessman Alexander Yaroslavsky, to acquire Kadish Limited (Cyprus), owner of Evraz Sukhaya Balka. Berklemond was granted the right to buy shares in the company, as the result it would exceed 50% of the votes in the company. Evraz…
DetailsOn October 21 the Uralelectromed refining division of the chemical-metallurgical shop turned 20. This is the only UMMC enterprise to produce gold and silver ingots. The first gold ingot was produced on October 18, 1997. In 2004 Uralelectromed became the first company in Russia to get the Good Delivery status for silver ingots. In May…
DetailsA cave-in happened at the Lesnaya mine at the depth of 830 m. According to the Lviv regional state administration Lesnaya mine of the state enterprise Lvivugol is situated in the village of Silets. “Three employees, local dwellers, were injured”, the administration noted. They have been brought to the hospital. (Ukrainian metal)
DetailsSeverstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz. The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability. The company is not disclosing the deal conditions or the buyer of its…
DetailsThe first vessel with gas coal from US for DTEK thermal power plants arrived in Ukraine. “The Navious Galileo arrived on October 26. The coal from US will be unloaded in usual mode”, the Yuzhniy Sea Trade Port authorities reported. The first batch is 75 thousand tons of coal, which will be supplied to Ladyzhino…
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