Russia: Evraz NTMK modernizes foundry shop

Evraz NTMK has finished the technical modernization of the forging division of its foundry shop. The new equipment will decrease gas consumption by 10% and metal usage by 6%. According to the company statement, the operation schedule has been changed at the shop. A new crane, a semi-automatic band saw and a modernized boring machine…

Russia: Amurmetal back in action

On February 28, Amurmetal resumes operation after an almost monthly stand still. The company will be working at night under cheaper energy tariffs. So far 9 thousand tons of scrap have been accumulated. In late January Amurmetal was purchased by Torex (Khabarovsk) for 2.46 billion rubles. The purchase agreement has not been signed yet, though…

Kazakhstan to decrease uranium output

Kazakhstan, which is the biggest uranium producer in the world, plans to decrease uranium production by 8%, or by 2,000 tons in 2017 (about 3% of total global output), Kazakh State Wealth Fund Samruk-Kazyna said in a report. The output will be reduced due to weak market conditions triggered mostly by a global oversupply. In…