In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…Details
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By 2030 Metinvest plans to have invested $8.8 billion into modernization of its capacities. “Some $5.7 billion will be invested into metal assets, and $3.1 billion – into mining. This will be the metallurgy combined with IT, the so-called Industry 4.0”, the group marketing director Roman Kurashev said. As an example he named the modernization…Details
The Federal Antimonopoly Service has satisfied the claim of Seversk Pipe Works to buy 100% of Uralchermet shares. According to the service report, the deal will not limit the competitiveness. The charter capital of Uralchermet is 10 million rubles. In 2016 the company received 859.5 million rubles of revenue, with net profits at 27.9 million…Details
Nytwa Iron and Steel Works has for the first time carried the inspection audit of its quality management system according to ISO 9001:2015. The inspectors have checked the design, development and manufacture processes of bimetallic rolled metal, cold-rolled and galvanized steel strips, bimetallic, steel and alloy billets, etc. Nytwa Works is one of the oldest…Details
In January-September Ukraine produced 15.762 million tons of steel, down by 14% YoY. Pig iron manufacture dropped by 18%, to 14.626 million tons, of rolled metal – by 16%, to 13.469 million tons, of coke – by 21%, to 7.696 million tons. At the same time pipe output increased by 26%, to 784 thousand tons.…Details
In January-September Zaporizhstal produced 2.467 million tons of rolled metal, down by 3.2% YoY. Steel output decreased by 0.3%, to 2.931 million tons, the company reports. Pig iron manufacture dropped by 0.1%, to 2.74 million tons. At the same time, in September Zaporizhstal increased rolled metal output by 13.4%, to 382.2 thousand tons, steel –…Details
In January-September Dneprovsky Iron and Steel Combine decreased rolled metal output 2.2-fold YoY, to 658 thousand tons. According to a company representative, in 9 months DMK produced 680 thousand tons of steel and 662 thousand tons of pig iron, both down 2.1 and 2.2-fold YoY. At the same time, in September the company produced 215…Details
Mikhail Mazhukin has been appointed the managing director of Korshunovsky Mining and Processing Works. In 2009-2013 Mazhukin managed the Yuzhnouralsk Nickel Works. At the new office he has replaced Boris Sedelnikov, who has been appointed open pit director at Yuzhny Kuzbass. “Boris Sedelnikov has made a great contribution to the development of KGOK. Under his…Details
Raspadskaya mine has started developing the bank 6-6a with the estimated reserves of over 127 million tons of coking coal. The first long face 4-6-33 (3.5 million tons) has been put into operation. Investments totaled 900 million rubles. “We’ve been preparing to start working at the bank for almost 3 years. The bank is powerful.…Details
Magamed Ibragimov has been appointed CEO and CFO of ArcelorMittal Tubular Products Aktau. He has previously held the position of the acting CFO at ArcelorMittal Temirtau. The previous AMTPA CEO Zhenis Utegenov has been appointed development director at the company. His tasks now are to increase output and develop new markets. (Ukrainian metal)Details
In January-September the miners of Stepnoy pit, a part of Russky Ugol, yielded over 3.1 million tons of power-generating coal. Since the pit has been put into operation, it has mined 57 million tons of coal. The Stepnoy factory has already processed 2.6 million tons of coal this year. (Ukrainian metal)Details
Aktogay Processing Factory, a part of KAZ Minerals, has reached the level of the projected sulfide ore processing capacity. Because of the higher than expected copper content in the ore, the factory will produce 70-85 thousand tons of copper in 2017. Now the group awaits good results from Bozshakol as well. (Ukrainian metal)Details
The state enterprise Pervomayskugol has ordered Ertlite LLC the delivery of lifting and transportation machinery valued at 14.48 million UAH. The company ordered 2300 meters of belt at 3772 UAH per meter and two hoppers at 2.9 million UAH apiece. (Ukrainian metal)Details