In 2017 Vysochaishiy (GV Gold) intends to receive over $200 million of revenue. “The increase against the last year level and the target will mostly be associated with the change in the price for gold”, the company CEO Herman Pikhoya said. The company is also planning to have an IPO at the Moscow exchange, probably…Details
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Yuri Derkach has been appointed the acting CEO of the Ukrainian Association of Secondary Metals. Previously he worked in the Ministries of industrial policy and economical development and trade until his retirement. The previous UAVtormet CEO Nikolai Tarapurov retired. The final decision on the CEO appointment will be taken at the association meeting in November.…Details
In the metal machining shop of Energomashspetsstal a new 6620 bed-type mill has been put in operation. The mill is used to machine the surface of steel wares with the weight of up to 50 tons. The new mill has better technological advantages. It allows improving the quality of the billets machined, reaching a new…Details
The Amur artel obtained 942 kg of platinum, including 276 kg in August. The Amur Zoloto ore deposits yielded 727.2 kg of gold and 481 kg of silver. The Buor and Ulakhan alluvial gold sites produced 295 kg of gold. The total gold output in January-August reached 1028.6 kg. (Ukrainian metal)Details
In January-August the throughput of Russian seaports increased by 10.4% YoY, to 517.3 million tons. According to the Association of sea trade ports, coal throughput totaled 102.7 million tons, up by 15%, while that of ferrous metals – 18.7 million tons, down by 1.5%. (Ukrainian metal)Details
The Federal Antimonopoly Service has allowed Severstal to buy 100% of shares in the Metal Group LLC, which owns a license to develop the central part of the Yakovlevskoe iron ore deposits in Belgorod region. In July Severstal reported on the closing of the deal to buy the claims to the company in the amount…Details
The share of steel semi-finished products, slabs and billets in the export volume in January-August decreased to 35.9% from 45.6% in 2016. At the same time the physical volumes of steel semis exports dropped from 5.491 million tons to 3.831 million tons. Long rolled metal exports decreased from 3.197 million tons to 2.359 million tons,…Details
The sea trade port Yuzhniy has started unloading the first batch of anthracite coal from the USA. According to the port press service, the Ocean Ambitious with 62 thousand tons of power-generating coal arrived at night. The port intends to unload the whole vessel in 3 days. The vessel left the port of Baltimore in…Details
Vyksa Iron and Steel Works will start producing casing, compressor-pump and oil-and-gas pipes in late 2018. According to the company managing director Alexander Barykov, VMZ has started reassembling shops. The works intends to produce the first batch of pipes during the next year, and after that a mass production will be organized. Investments in the…Details
In January-August Chukotka Autonomous District yielded 17.1 tons of gold, down by 12% YoY. In particular, ore gold totaled 15.3 tons, down by 15% YoY, and 1.8 tons – alluvial gold, up by 17% YoY. Silver output reached 87.8 tons, down by 20% YoY. Ore gold output decline is connected with the thinning of reserves…Details
Uralcable has put in operation a new Italian extrusion line valued at 51.4 million rubles (750 thousand euro). The capacity of the new line is 10 times higher compared to the old one, which has been disassembled. “The speed of the Frigeco line is 800 meters per minute. Our old line could not do more…Details
Zaporozhkoks will increase the volume of coke gas supplies to Zaporizhstal to 17 million cubic meters per year. Under the energy efficient project to supply secondary gases to Zaporizhstal, Zaporozhkoks has modernized the coke gas regulator of the waste-heat boiler. This allowed decreasing volume of gas going to the boiler to 2 thousand cubic meters…Details
A consortium of China Coal Technology & Engineering Group Corp. and China Railway Tunnel Group Co., Ltd. has started the main preparatory work within the project to modernize capacities of Uzbekistan’s Shargunkumir JSC, an official with the Uzbekcoal JSC reported. The project worth $94.5 million is expected to be implemented in the first quarter of…Details