In January-May Kosogorsky Iron and Steel Works increased share of sales of pig iron both locally and abroad 1.7-fold, from 47% to 81%. The company has also increased the output of high-quality pig iron, having supplied 20.6 thousand tons to local and foreign customers, or 70% of the total sales in May. (Ukrainian metal)Details
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The only alluvial gold extractor in Sakhalin region – Vostok-2 – has as of June 23 obtained 13 kg of gold. The company started washing sand on May 17. The washing season will end in October. The target of this year is 75 kg of gold, up by 41% YoY, or by 22 kg. Vostok-2…Details
In July Ukraine will produce 1.7 million tons of steel. According to Ukrmetallurgprom, pig iron output will total 1.6 million tons and rolled metal – 1.4 million tons. For June Ukrmetallurgprom forecast steel output on the level of 1.6 million tons. (Ukrainian metal)Details
The state gas company Ukrgazdobycha has ordered Interpipe Ukraine LLC the delivery of 3439 tons of compressor-pump pipes valued at 174.99 million UAH. According to the agreement the pipes have to be supplied in June-August. In May Ukrgazdobycha bought 17 thousand tons of casing pipes valued at 839.2 million UAH from Interpipe. In 2016 Interpipe…Details
Ukrainian Prime Minister Vladimir Groysman claims that none of the state companies buys coal from Russia. According to him, the Cabinet of Ministers does its best to diversify coal deliveries. “We’re replacing coal with other fuel types, especially anthracite coal, which is now on Ukrainian mines, seized by Russia-supported militants”, he said. (Ukrainian metal)Details
Peter Hambro has lost his bid to stop a major Russian investor from filleting the board of Petropavlovsk, the gold mining company he co-founded more than 20 years ago. Shareholders at the London-listed miner’s AGM voted 70% in favor of a resolution by Renova to oppose the reappointment of Hambro. They also voted down the…Details
This year scrap procurement will be lower than last year. “In 2016 Ukraine procured 3.471 million tons of scrap. It’s difficult to forecast anything for this year, but we believe that procurement will decrease”, Ukrmetallurgprom president Alexander Kalenkov said. Last year local market received 3.192 million tons of Ukrainian scrap. In January-May 2017 scrap deliveries…Details
The EBRD is deepening its efforts to promote economic inclusion in the energy sector and the extractive industries of Kazakhstan with a $ 140 million loan to Bakyrchik Mining Venture LLP for the development of the Kyzyl gold deposit. The investment will create hundreds of jobs in eastern Kazakhstan and bring the highest international standards…Details
Sulukta coal deposit was put up for auction, the State Committee of Industry, Energy and Subsoil Use of Kyrgyzstan reported. The starting price of plot No. 5 (mine shaft 2/8) is $3,800. According to the forecasts, coal reserves at the field are 381,190.5 tons. The local section Vostochniy (parts of mine shaft 6/18) was put…Details
Uzbek President Shavkat Mirziyoyev by his decree has approved a framework agreement with the European Bank for Reconstruction and Development (EBRD) for implementation of the uranium tailings remediation program of the Environmental Remediation Account for Central Asia (ERA). The framework agreement was signed on March 16 in Tashkent during the visit of the EBRD delegation,…Details
Attractiveness of scrap sales on the local market of Ukraine has increased. According to the acting CEO of Metinvest-Resource Dmitry Klopatovsky, this has to do with the implementation of the 30 euro per ton export duty and its proposed prolongation for two years. “And now metal makers pay more for scrap than abroad”, he stressed.…Details
Severstal (one of the world’s leading vertically integrated steel and mining companies) and PJSC Power Machines have concluded a contract for technical upgrade of a cogeneration plant – steam blower station turbogenerator No. 5 of the Cherepovets Iron and Steel Works (a part of Severstal Russian Steel division). The cost of the contract is more…Details