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Russian metals and mining group Mechel may lose its Elga project already this year in order to pay debts after 2020, five sources close to parties of the possible deal reported. The sources named industrial corporation Rostec, Vostokugol of Dmitry Bosov and Alexander Isayev and Coalstar of Eduard Khudainatov among companies interested in the Elga…
Details“If we want to defeat corruption and bring order to the mining industry, it is necessary to adopt a law that forces all companies to disclose information about final beneficiaries – shareholders,” an expert Sheradil Baktygulov declared. He noted that a similar rule was applied in US and Canada. “According to the legislation of Kyrgyzstan,…
DetailsLast year Khabarovsk region yielded 24.8 tons of gold, up by 1652 kg YoY. This is also the best result for the region ever. Khabarovsk region is still the only region in Russia to develop tin ore deposits. In 2018 it mined 1.5 tons of tin. Silver output totaled 62.2 tons, and platinum – 228…
DetailsFollowing prospecting works in 2018, Kinross Gold has decided to extend the development of the Kupol gold deposit in Chukotka till 2023. Previously it was supposed to wrap up work at the deposit in 2022. The increase of reserves enabled the company to extend the work at the site. This year Kinross Gold will spend…
DetailsIn 2018 Severstal Distribution increased metal sales by 31% YoY, to 2.3 million tons. Sales of Severstal Russian Steel rolled metal and construction pipes grew by 23%. Deliveries to Russia went up by 10%. (Ukrainian metal)
DetailsUkrainian Railways (Ukrzaliznytsia) has prohibited the transportation of metal scrap to ArcelorMittal Kriviy Rih. According to the enterprise report, scrap is prohibited to be delivered to the Krivoy Rog-Main station. The prohibition runs from February 18 till February 21. (Ukrainian metal)
DetailsIn January Russia produced 354 thousand tons of metal structures. According to the Federal Statistics Service, the output grew by 27% YoY. At the same time the results are below the December 2018 level by 28.2%. (Ukrainian metal)
DetailsQuotas for the delivery of Ukrainian metal products to the European Union are already 6-29% filled in. In particular, Ukraine has already supplied 2.519 thousand tons of gas pipes (29.38% of the quota), 306.23 thousand tons of hot-rolled flat metal (23.42%), 12.233 thousand tons of cold-rolled flat metal (11.95%), 30.16 thousand tons of plates (8.88%),…
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