Novolipetsk Iron and Steel Works has successfully finished the project of replacing cold-rolled metal thermal treating equipment. 15 new stands of bell furnaces have been put into operation. The new equipment will increase cold-rolled metal with increased finishing quality output by 30%, and that with the highest quality – 4-fold. Fuel usage at the new…
The assets of the bankrupt Aluminum Casting Works (Altai) have been put on sale once again for 504.47 million rubles, down by 16%. The auction will be held on November 28. The previous sale at 600 million rubles was canceled due to the absence of offers. The company, created in 1992, was named bankrupt in…
Kurilgeo, the sole gold miner in Sakhalin region, plans to mine 1.6 tons of gold at its Urup island deposits. “In January-September we mined 1.2 tons of gold and 3.5 tons of silver, receiving 1.18 tons of gold and 3.42 tons of silver. Our plan is to receive 1.6 tons of gold this year”, a…
Viktor Vekselberg and Leonard Blavatnik, for $700 million. Vekselberg earlier reported that his company wanted to increase the stake in RUSAL because it saw a high potential in the asset. According to one of the sources, the deal can be closed by the end of November. The money to pay for the stake will be…
Azovstal Iron and Steel Works has received the pilot tank with pulverized coal fuel. At the same time the PCI machine is being constructed there at the blast furnace No. 4. The Metinvest investments into the major project total $17 million. The fuel was delivered from the Mariupol Ilyich Iron and Steel Works in the…