Zabaykalye region intends to implement a pilot project of granting individual entrepreneurs patents to extract gold at lesser deposits and alluvial sites. The project will solve the problem of illegal extraction of gold in the region. The entrepreneurs will be given small sites, rejected by major companies. (Ukrainian metal)
The development of the Tekhutskoye mine has not been stopped, it has just been suspended, and the operation will start in late 2018 – early 2019. The program to develop the copper-molybdenum deposits was approved by the government in November 2007. The deposit is the second largest in the country as to copper reserves after…
In January-February Kirov Non-Ferrous Metals Processing Works increased the output of copper sheet by 40% YoY. The output started growing in H2 2017, increasing by 24% YoY. The increase has to do with the growth of demand from various local companies due to their modernization. In January the works commissioned a new plate manufacturing line.…
A new arc furnace with the volume of 12 tons will start operating in April at ZEMZ. Its capacity is 27 thousand tons of steel per year. Previously the company operated only 2 furnaces, which provided the combined output of 3800 tons of liquid steel per month. The commissioning of another furnace will increase output…
Norilsk Nickel has started replacing bridge cranes in the nickel electrolysis shop of Kola Iron and Steel Works. It is planned to assemble 8 new bridge cranes with the cost of some 200 million rubles. The maximum lifting capacity of each new crane will be 20 tons. The replacement of cranes is one stage of…
In 2017 Dneprospetsstal received 53.677 million UAH. According to the company statement, the cost of its assets increased by 33.7% YoY, to 7.945 billion UAH, while its accounts receivable grew by 15.7%, to 1.55 billion UAH. The company fixed liabilities decreased by 41%, to 1.644 billion UAH, while current – increased by 60%, to 4.9…
The largest open-hearth furnace in Russia has been shut down at Vyksa Iron and Steel Works, a part of OMK. The technology became obsolete, and the company will switch to new techniques. “The shutting down of the open-hearth furnace manufacture will decrease air pollution by 90%. All the workers of the closed shop will be…
Russian metals producers can sustain at least $2 billion losses from a 25% U.S. import duty on steel and about $1 billion from a 10% aluminum duty, Deputy Industry and Trade Minister Viktor Yevtukhov declared. “Concerning the losses of our companies, tentative estimates show at least $2 billion from the steel duty and $1 billion…