In January Yuzhniy Mining and Processing Works increased concentrate output by 0.6% YoY, to 1.053 million tons. According to the company statement, sinter manufacture dropped by 35.5%, to 131.4 thousand tons. The decrease is the result of the market situation change. In 2017 UGOK produced 12.27 million tons of concentrate and 1.858 million tons of…
The mining company Kun-Manye, a daughter enterprise of Amur Minerals Corporation, plans in 2019 to design and in 2022 to construct a metal works at the copper-nickel deposits in Amur region. The projected capacity of the works is 6 million tons of ore per year. For such a major project the company will have to…
By 2025 Kamchatka region intends to have increased gold output to 17.5 tons, or up 2.6-fold compared with 2017. New enterprises to be commissioned in the region will mostly boost the output. In particular, in Q1 the first gold-extracting line with the capacity of 2 tons will be put into operation at the Ozernovsky GOK.…
In 2018 Irkutsk Aluminum Works will be the first aluminum producer in Siberia to pass the ASI certification. Not only the manufacturing process at the works will be certified, but the complete manufacturing chain starting from obtaining and preparing raw materials as well. Rusal plans that its Bauxite of Timan and Ural Aluminum Works will…
The Zapolyarny subsidiary of Norilsk Nickel will this year receive 55 units of special mining machinery valued at 1.6 billion rubles. The largest number of machines (17) will be sent to the Komsomolsky mine, 13 units – to Taymyrsky mine, 10 – to Mayak, 7 – to Oktyabrskiy, 6 – to Kayerkanskiy and 2 –…
NLMK-Kaluga Electrometallurgical Works has started selling a new type of metal for construction – 65 mm channel. The first batch of 2.6 thousand tons has been successfully shipped to customers in the Central Federal District. The mastering of the new product allowed the company to enter the growing segment of the market, the import share…
Energomashspetsstal has finished shipping machinery to Bharat Heavy Electrical Limited. According to the company press service, under the contract it has produced 3 turbine rotors of low pressure. The first rotor was shipped in December 2017, and the other two – in January. The total weight of the machinery is 200 tons. (Ukrainian metal)
The board of directors of Russia’s Magnitogorsk Iron and Steel Works (MMK) has recommended paying 0.806 rubles per common share in dividends for 2017, the company said in a statement on February 6. In 2017 the company paid 0.869 rubles per share in dividends for January-June and 1.111 rubles per share, or a total of…