In January-October Severniy Mining and Processing Works produced 6.128 million tons of pellets, down by 17.6% YoY. Concentrate output dropped by 6%, to 9.372 million tons. In October SevGOK produced 562 thousand tons of pellets, 948 thousand tons of concentrate as opposed to 738 thousand tons of pellets and 905 thousand tons of concentrate in…Details
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In January-October Beloretsk Iron and Steel Works increased sales of metal wares with high-added value. In particular, sales of stainless products for aviation, oil and gas, machine-building and automobile industries increased 2-fold. Sales of steel high-strength wire for ferroconcrete structures manufacture increased by 14% YoY, rebars threads for the construction of bridges and high-rise buildings…Details
Mechel-Service has supplied 1.5 thousand tons of beams for the construction of the covered hockey stadium “Yenisei” in Krasnoyarsk. The company also supplies metal for another major sports arena in Siberia – the fencing center in Novosibirsk. “The sale of beams at the Novosibirsk branch in January-October increased by 66% YoY. The Mechel metal is…Details
On November 12 Vostsibugol completed its annual export schedule. So far this year the company has exported over 1.1 million tons of coal. The increase in the export share began in 2008. Since then coal exports reached 5 million tons. Next year the company intends to start exporting coal from its new sites in Khakasia.…Details
In Q3 the net profit of Uralelectromed decreased 5-fold YoY, to 588.9 million rubles. In Q3 2016 the company net profit was 2.97 billion rubles. UEM revenue increased from 21.4 billion rubles to 26.2 billion rubles, while sales prime cost grew from 16.4 billion to 21.6 billion rubles. In 2016 Uralelectromed decreased net profit from…Details
In early November ArcelorMittal Kirviy Rih appointed 3 new deputy general managers. Thus, Vladimir Tesluyk has been appointed the deputy CEO on mining department manufacture. He will be responsible for the open-pit and underground mining operation, mining department technical service and CAPEX realization. Igor Romanyuk has been appointed the acting deputy CEO on metallurgical and…Details
Russia’s Natural Resources and Environment Ministry has suggested cutting the mineral extraction tax (MET) for rare metals to 4.8% from 8% in order to simulate production, the ministry said in a statement on November 13. The ministry is now preparing an amendment to the Tax Code for submission to the government. The amendment will also…Details
In January-September the actual prime cost of 1 ton of coal reached 2745.3 UAH, down by 84.5 UAH from the planned cost, but up by 32.3% YoY. According to the Ministry of energy and coal industry, coalmining companies expenses reached 6.196 billion UAH, down by 1.642 billion UAH from the planned ones, but up by…Details
Polymetal Int has estimated the primary ore reserves of the Nezhdaninskoye deposits at 1.9 million ounces of gold and 10 million ounces of silver. In particular, ore reserves for open-pit mining are estimated at 15.5 million tons of ore with the average gold content of 4 g per ton. Additional mineral resources are estimated at…Details
In 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…Details
In January-September Kinross Gold produced 13.535 tons of precious metals (435.15 thousand troy ounces in gold equivalent), down by 21.5% YoY. In particular, in Q3 output decreased by 18%, to 4.534 tons (145.76 thousand ounces), which was explained by the scheduled drop of gold contents in ore. In January-September the company sold 13.545 tons of…Details
Daltransugol, a part of SUEK, is pondering the possibility of expanding the capacity of its coal-handling terminal to 40 million tons per year. The company is looking for the contractor to prepare the feasibility study. Daltransugol will pay 15 million rubles for this work. The current capacity of the terminal is 24 million tons of…Details
In January-September Beloretsk Iron and Steel Works supplied some 30 thousand tons of spring wire to the manufacturers of furniture. Around 1.6 million mattresses could be made out of it. BMK supplies the 1.4-2.2 mm diameter wire to over 80 local companies. “At present BMK covers some 70% of the local market demand for spring…Details