Russia: Kolyma gold potential up in 2016

In 2016 the Magadan region mining companies increased gold reserves by 12.9 tons, with 0.9 million tons being alluvial gold and 12 tons – ore gold. Silver reserves increase totaled 37.8 tons. In 2015 gold and silver reserves in the region increased by 12.3 and by 49.4 tons respectively. (Ukrainian metal)

Russia: Izhstal turns 257

Izhstal, a part of Mechel, is now 257 years old. The best employees received various awards and medals. “The works has a good history. Our task is to retain and multiply the labor traditions of Izhevsk metal makers and to continue the legacy began by our predecessors”, the company managing director Sergey Kozennov declared. (Ukrainian…

Russia: Evraz ZMSK assembling new converter

The second oxygen-converter shop of Evraz ZSMK has started assembling the new 320-ton converter. The project cost is 1.2 billion rubles. Converter No. 5 has been working at Evraz ZSMK for some 12 years. The replacement of the converter will decrease air pollution by 30%. The steel-smelting complex of Evraz ZSMK includes 5 converters and…

Russia: Rusal acquires share in Skad

Rusal acquires a share of the foundry and mechanical production facility Skad, producer of aluminum alloy car wheels, located in Krasnoyarsk region. Under the terms of the transaction, Rusal will own a stake in the authorized capital of Skad, while its founder Idris Zakriev will remain the Chief Executive Officer of the production facility. Skad…