Belarus: MMZ exports railway axles to Russia

The Mogilev-based steel mill MMZ has started shipping rough-forged railway axles to Russia, Valery Fishman, Head of the Central Office for Innovations and Investments of the Belarusian Industry Ministry, reported on 30 March. According to the source, two significant projects have been implemented by the Belarusian Metallurgical Company lately. The first one is the production…

Russia: NLMK to get TKZ machinery

The Taganrog Boiler-Manufacturing Plant “Krasniy Kotelschik” has concluded an agreement to supply a steam boiler and boiler equipment to Novolipetsk Iron and Steel Works. The boiler with the steam generation capacity of 220 tons per hour will be able to burn metallurgical and natural gas in various proportions. The utilization of the furnace gas in…

Russia: Buryatzoloto investments up in 2016

In 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles. Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively. In particular, both mines received Sandvik mining machinery worth 129…