Beloretsk Iron and Steel Works has provided its mother company Mechel with a 5-year loan of 1.35 billion rubles. The companies do not disclose the conditions of the deal. The goal of the loan is to carry out financial and commercial activity by Mechel. (Ukrainian metal)
In January-April gold miners of Khabarovsk Krai yielded 4418.5 kg of gold, up by 0.5 tons of the target. All the gold was obtained from ore deposits. The region has also exceeded silver output – 18180.1 kg instead of 14240 kg planned. According to the local environment ministry, the increase is the result of the…
Ukrainian miners, as usual, do not receive salary for several months. But the Cabinet of Ministers claims that it has already provided money to clear debts, and salary will rise. The price of 1 ton of coal will increase from 1730 UAH to 2 thousand UAH. According to the minister of energy and coal industry…
Aktyubinsk Copper Company, a part of Russian Copper Company, has set development plans. The Vesenne-Aralchinskoye deposits, situated near the border with Russia, will be operated on both sides of the border. For this AMK will construct a plant with the capacity of 500 thousand tons of ore per year. The mine will be operating for…
Karabashmed, a part of the Russia Copper Company, has started assembling the new automated copper-pouring line and three new converters with the volume of 150 tons each. The modernization of the machinery will increase the company capacity to 150 thousand tons of copper per year. Karabashmed will also reconstruct its power shop and the oxygen…
Norilsk Nickel has received a 521-million rubles loan from Sberbank for the construction of the magnetite concentrate drying shop of the Bystrinsky Mining and Processing Works. Bystrinskoye deposit is among the largest in the world as to copper, gold, silver and iron reserves. The GOK is planned to start operating in 2017 and will reach…
On May 29 Zagorsky Pipe Works produced the first pipe for Gazprom. The first batch of pipes with 1020 and 1420 mm diameter and outer three-layer insulation will be supplied to the customer in June. The agreement on the delivery was reached in April. Under the contract ZTZ will produce over 121 thousand tons of…
Isaevskiy Machine-Building Plant intends to invest 450 million rubles into development. According to the authorities of Rostov region, the company has already purchased the electric-welded pipe mill. It will be put into operation in 2018-2019. The mill will expand the product range and increase the output by 80%. The company planned to put the new…
