Indian energy company Tata Power has received a license to invest in a coal deposit on Russia’s Far East, head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev reported on October 5. “We are actively working with several Indian companies on investments in Russia, including with Tata Power, which plans to develop actively the…
Prices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 5, according to the data published by the Central Bank. The price of gold grew by 3.74 manats, to 2,037.62 manats per ounce on October 5 compared to the price on October 4. The price of silver dropped…
Severstal Steel Decisions has sent the first wagon of metal structures to Vorkutaugol. The structures will be used to construct lifting machine premises at the Komsomolskaya mine. In particular, the company has produced metal structures for the frame of the building. The metal structures weighing over 100 tons have been produced at the Orel manufacturing…
Novgorodsky Iron and Steel Works has carried out a scheduled repair of the main furnace in the copper-smelting shop. The cost of the repair is 2 million rubles. “In May our metallurgists visited Kyshtym Electrolytic Copper Plant to exchange experience on repairs and maintenance of machinery. Having implemented the techniques of our colleagues, we have…
Yakutugol has purchased a new BelAZ 7540V quarry dump truck for the operation at the Kangalasskiy coal pit. The cost of the machine is 12.5 million rubles. The lifting capacity of the dump truck is 30 tons and the maximum speed – 50 km/h. Yakutugol and BelAZ have been cooperating for over 40 years. (Ukrainian…
In January-September Ukraine decreased scrap exports by 4.1% YoY, to 307.922 thousand tons, valued at $100.29 million, up by 34%. According to the customs statistics, in September Ukraine exported 7.59 thousand tons of scrap, in August – 19.05 thousand tons, in July – 10.939 thousand tons, in June – 19.359 thousand tons, in May –…
In September Sverdlovskaya Railroad transported 11.5 million tons of cargo, down by 1.2% YoY. Transportation in 9 months dropped by 0.3% YoY, to 104.5 million tons. In particular, transportation of ferrous metals increased by 1.8%, to 7.7 million tons, of scrap – by 6%, to 1.9 million tons and of coke – by 29.9%, to…
In January-August Lermontovsky Mining and Processing Works produced 235 tons of tungsten concentrate. The company employs 240 locals from the Svetlogorye village. In April LGOK resumed operation after a scheduled shut down. Since February the company has been assembling new machinery. Last year LGOK received 250 million rubles from the regional budget to resume operation.…