Buryatzoloto, the largest gold-extracting company in the Republic of Buryatia, intends to increase gold reserves at its Irokinda and Kholbinsky mines in 2018 by 4.2 tons. As of early 2018 the company balanced reserves amount to 18.7 tons. To increase the reserves, this year the company will have to drill 112 km of shafts, investing…
Yanolovo will start developing the Tirekhtyakhskoye tin deposits in 2019 with the support from a Chinese investor. Investments in the project are estimated at 4 billion rubles. The project will cover Russia’s domestic needs in tin. At present Russia buys tin from China, but its reserves are running low. Thus, in future some Russian tin…
Evraz NTMK has put into operation the new blast furnace No. 7. The volume of the furnace is 2200 cubic meters, and the project capacity – 2.5 million tons of pig iron per year. The blast furnace, one of the largest investment projects lately, has been constructed in just 18 months. This is the cleanest…
In February Zlatoust Electrometallurgical Works produced 1.64 thousand tons of corrosion-resistant bars, up by 90% YoY. Chromic rolled metal output increased 2.1-fold, to 564 tons, while that of nickel-containing metal – by 82%, to 1.08 thousand tons. In January-February stainless steel output totaled 3.3 thousand tons, up 2.1-fold YoY. Chromic rolled metal manufacture grew 2.6-fold,…
TMK Chermet has started carrying out the first stage of the two-year program to increase manufacturing capacities. In Q1 within the modernization of the site in Bataysk, near Rostov-on-Don, the company increased its automobile fleet. In particular, it has put into operation a new Kamaz, three truck tractors with three semi trailers and a Liebherr…
In January-March Yakovlevsky Mine extracted 250 thousand tons of ore, up 3-fold YoY, which met the business target. The company sold 270 thousand tons of ore, up by 8% from the plan. The average iron contents in the ore were 60.6%. In Q1 the mine put into operation a new ventilation system. The machinery valued…
Izhorsky Pipe Works has carried out capital repairs of its main machinery, having completed the spring repair campaign. “The repairmen only had three days. But despite the short terms, they coped with the ambitious task. The capital repair will provide for the stable operation of the machinery and will extend its lifetime”, ITZ CEO Dmitry…
Vesco Limited (Cyprus) has replaced the supervisory boards at Vesco, Druzhkovka Mine Group and Ogneupornerud. In particular, the office of UMG Investments CEO Andrei Gorokhov as a member of supervisory boards in all three companies has been prolonged from April 7 for 3 years. Polina Sarnikova left the supervisory board, and was replaced by UMG…