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…
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…
Mednogorsky Copper Sulfate Plant (MCSP, enterprise of UMMC’s metallurgical division) purchased a new front-end loader for about 6 million rubles. The loader will be used at the area of briquetting and feed preparation for copper smelter to supplement a similar loader, which is said to have been efficiently used. “Our plant equipment includes many items,…
Dneprovsky Iron and Steel Works intends to launch production by the end of the month. “The IUD corporation is negotiating delivery of raw materials to the works, which will enable us to get back to work. After the negotiations, in two days the matter with resuming operation at DMK will be settled”, the company said…
Gold output on the Urup Island of Russia’s Kuril Islands fell by 9.1% YoY, to 1,530 tons in 2016 because of difficult logistics and operations on the uninhabited island, local precious metals producer Kurilgeo said in a statement on April 14. Revenue from the sales of gold rose by 6% YoY, to 4.07 billion rubles…
DTEK energy holding buys 600,000 tons of coal in South Africa, the company’s press service has reported. “DTEK confirms the purchase of 600,000 tons of coal from South Africa with the option to increase to 1 million tons. The arrival of the first vessel with 75,000 tons of anthracite to Ukraine is expected in June.…
China Nonferrous Gold Limited, the mineral exploration and mining company currently mining the Pakrut Gold Project in Tajikistan, intends to invest additional $70 million in the development of the deposit. According to the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest), an agreement on development of the Pakrut Gold Project in the…
Kramatorsk Ferroalloys Works had to stop manufacturing process because of the ban to transport cargo through the demarcation zone. The company had to take measures to decrease expenses during the time of idleness. “The prospects of development and modernization of the company under such conditions do not look good”, KFZ director Maxim Riss said. (Ukrainian…