Miners at Yerunakovskaya-VIII have started extracting coal from the new 48-5 long face. Its reserves are estimated at 3 million tons of coking coal. The operation of the long face is expected to end in Q1 2018. The Yerunakovskaya-VIII mine extracts GZh grade coal from the depth of 470 meters. After it is processed at…
DetailsThe public joint stock company Ukrgazvydobuvannya intends to order steel pipes valued at 1.15 billion UAH from Interpipe. The total expected cost of the purchase was 1.17 billion UAH, thus the company would save 1.7%. According to the first contract, by summer Interpipe will have supplied 2510 seamless and arc-welded pipes valued at 107.93 million…
DetailsZaporozhye Titanium and Magnesium Works has ordered Volnogorsk Mining and Processing Works, a part of the United Mining and Chemical Company, the delivery of ilmenite valued at 118.91 million UAH. By the end of the year the company will have supplied 28764 tons of ilmenite concentrate with 64-65% TiO2 contents at 4134 UAH per ton…
DetailsThe minister of energy and coal industry Igor Nasalik declared that the state enterprise “State Coal Company” came to terms with Ukrgazbank to attract a loan of 300 million UAH into coalmine modernization. The State Coal Company was created in September 2014 to sell coal of state miners. The 2017 state budget will provide 870…
DetailsGold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has postponed delisting from the London Stock Exchange (LSE) to March 16, from Thursday to synchronize the delisting with closing of a buyback offering, the company said in a statement. Nordgold may acquire global depositary receipts (GDRs) from minority shareholders for $118 million, or $3.45…
DetailsAt present Azovstal Iron and Steel Works is operating at 50-55% capacity, but it could drop to 40% in case the railroad blockade is not stopped. According to the company CEO Enver Tskitishvili, the works is not receiving coking coals of the necessary quality, while coke from Russia is expensive – $360 per ton. “Altaikoks…
DetailsCentral Mining and Processing Works, a part of Metinvest, plans to start supplying pellets to the Western Europe and Japan. “Having completed the second stage of the pelletizing factory modernization we can now produce such pellets that will be in demand on every market, including in Western Europe and Japan,” the company CEO Dmitry Shevchik…
DetailsThe Ministry of energy and coal industry has not included anthracite coal into the forecast structure of TPPs fuel for March. The ministry expects anthracite deliveries only to Lugansk TPP. In particular DTEK will supply 100 thousand tons of anthracite. In March TPPs on controlled territory are expected to consume 403.1 thousand tons of anthracite.…
DetailsInvestments into the project of oxidized quartzite processing at Mikhailovsky Mining and Processing Works in Kursk region could reach 65 billion rubles, according to the regional governor Alexander Mikhailov. The project is expected to be realized by 2019. Mikhailovsky GOK is the largest iron ore mining and processing enterprise in Russia with reserves of 10.3…
DetailsGold output in Russia has been growing for 7 years in a row. In 2016 it increased by 1.2% YoY, to 297.4 tons. This year it is planned to mine 304-405 tons. Several regions provided for the growth of the output: Krasnoyarsk Krai increased gold production by 5%, to 52 tons, Magadan region – by…
DetailsOlcha gold-silver deposits have supplied the first batch of ore to processing works. All the roads were constructed last year. “This is a very ambitious project. And the implementation of new projects in precious metals mining confirms the fact that Magadan region is firmly moving forward, increasing gold and silver output from year to year”,…
DetailsChelyabinsk Iron and Steel Works has made 23 deals with Mechel and its divisions on providing the group with 6.5 billion rubles and 9.7 billion rubles to its divisions. The total cost of the contracts is 16.2 billion rubles. One loan of 2.2 billion rubles will be given till April 1, 2022. 3 agreements with…
DetailsIn 2016 gold output in Sverdlov region dropped by 15% YoY, to 6710 kg. The region also produced 348 kg of platinum, up by 20%, and 37664 kg of silver, down by 21%. The major gold-miner of the region – Zoloto Severnogo Urala, a part of Polymetal, – mined 476 kg of gold, demonstrating a…
DetailsRinat Akhmetov’s Metinvest companies have devised a plan to avoid environment control in Mariupol. “Yesterday at noon near the Silpo supermarket on the left bank there was a horrible smell from Azovstal. And so what? It’s Saturday-Sunday. Stationary environment control posts are not operational (because of the weekends). Neither is the mobile laboratory”, a local…
Details