The European Union is planning to impose duties of up to 33% on hot-rolled steel imports from Ukraine, Brazil, Iran and Russia to counter what it sees as unfairly low prices, according to a document seen by Reuters. The EU has over 40 antidumping measures to aid European steel producers, mostly aimed at China, Reuters…Details
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The share of Kyrgyzstan in Kumtor project decreased by 6%. The Canadian company Centerra Gold Inc. in 2016 bought Thompson Creek, which also specialized in gold and metal mining. The financial operation is estimated at a little more than $1 billion. To ensure a successful deal, additional shares were issued. A total of 26,599,500 new…Details
Severstal plans to continue hot-rolled steel exports to the E.U. market despite the European Commission’s plans to impose antidumping duties, the company said. Mass media said earlier that the E.U. intends to introduce a 5.3% to 33% import duty on hot-rolled steel imported from Russia, Ukraine, Brazil and Iran. According to Reuters news agency, the…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has cut its steel production by 9.5% QoQ, to 3.328 million tons in April-June, the company said in a statement on July 19. In January-June, the steel output of Evraz rose by 4% YoY, to 7.007 million tons. (Prime/Ukrainian metal)Details
In June Chelyabinsk Iron and Steel Works shipped 256.5 thousand tons of metal to its customers via railroad, down by 4.5% MoM and by 5.2% YoY. Local deliveries accounted for 220 thousand tons, down by 8.7% MoM and by 4.7% YoY, while exports stood at 36.7 thousand tons, up by 32% MoM, but down by…Details
In January-June Russian seaports transshipped 384 million tons of cargo, up by 11.3% YoY. According to the Association of sea trade ports, coal throughput increased by 16.2%, to 75.1 million tons, and of ferrous metals – by 0.1%, to 14.6 million tons. (Ukrainian metal)Details
In January-June the Russian Railroads transported 41.6 million tons of ferrous metals, up by 2.8% YoY. Local transportation amounted to 21.8 million tons, up by 1.4% YoY. International transportation increased by 4.3%, to 9.8 million tons. Imports accounted for 2.5 million tons, up by 60%, exports dropped by 0.5%, to 16.61 million tons. (Ukrainian metal)Details
In 2017 Tugnuysky Open-Pit Mine, a part of SUEK, intends to extract 13.5 million tons of coal, retaining the last year level. Nikolskoye deposits will provide 2 million tons of coal, the rest will be mined at Olon-Shibirskoye deposits. In 5 years reserves of the latter will be thinning out, while mining at Nikolskoye deposits…Details
The state enterprise Selidovugol (Donetsk region) has concluded an agreement with Energoopt LLC for the delivery of pick hammers valued at 193 thousand UAH. The company will buy 2B and 2K pick hammers with spare parts. The goods have to be delivered within 5 days of receiving the order. The cost of each pick hammer…Details
In January-June Zabaikalye region obtained 3756.7 kg of gold, in particular 1548 kg of ore gold and 2209 kg of alluvial gold. Novo-Shirokinsky Mine (HGM) mined over half of the ore gold. Aleksandrovsky Mine (Zapadnaya Mining Ltd) mined 20% and Mangazeya Mining LLC – 15%. Ksenyevsky Mine, Uryumkan LLC and Dauriya artel have exceeded 200…Details
Lisichanskugol is in the critical situation of non-payment of salary, which resulted in the miners’ strike. 55 miners have been striking at the mine named after Kapustin since July 15. At present the salary debt amounts to 135.4 million UAH (December 2015, December 2016 and this year). According to the minister of energy and power…Details
The Dneprovsky Iron and Steel Combine CEO Alexander Podkorytov held a meeting with the managers on the putting of the works into operation. At present DMK has received 16 gas analyzers for blast furnace shop and prepared them for operation. Electricity supplies to the works were renewed on July 13. At the same time the…Details
Over 10 years GeoProMining has invested some $504 million in Armenia. The group deals in gold, copper, molybdenum and antimony concentrate manufacture. Its main assets in Armenia are GPM Gold, operating at the Sotsky gold mine and Ararat gold-extracting factory, as well as Agarak Copper-Molybdenum Works (AMMK). Capital expenses on AMMK modernization totaled $30 million.…Details