The commissioning of the Baim Mining and Processing Works for one of the largest copper-gold deposits in the world – Peschanka in Chukotka – is scheduled for 2022. According to the region governor Roman Kopin, the previous date was 2024-2025. “We will see the first investments in 2018, and the project will be commissioned in…
As of August 1, the miners team Vostok-2 has extracted 25 kg of alluvial gold on the territory of the Sakhalin region, up by 8% YoY. At present the company is operating in the northern part of the Moiga site. This month the enterprise will start prospecting at the Valza River. The estimated reserves of…
Chelyabinsk Zinc Works has entered another stage of the manufacture diversification program. The first trial batch of cadmium pigments has been produced. The pigments are mostly used in coating that requires chemical stability, heat- and weather-resistance. Instead of metallic cadmium ChelZinc uses cadmium electrolyte in the manufacture of pigments, thus decreasing expenses. “The volume of…
In January-June Russia exported 1.551 million tons of raw aluminum valued at $2.8 billion, up by 15.4% and by 32.1% YoY respectively. According to the Federal Customs Service, in June exports dropped by 34% MoM, to 272 thousand tons valued at $482.6 million, down by 34.1%. Rusal is Russia’s largest producer of primary aluminum. Last…
Alfa-Bank has provided 6 billion rubles to Seversky Pipe Works, a part of TMK. The loan has been given for 3 years. “We are grateful to the Alfa-Bank team for the speed of making the deal – in just one week. The deal will allow TMK to optimize its loan portfolio”, TMK deputy director on…
This month Severstal will supply the first batch of hot-rolled metal to Uralmashzavod. Plates will be used in the manufacture of casting crane with the lifting capacity of 520 tons. The machine will be used at Cherepovets Iron and Steel Works. Investments in the project total 600 million rubles. The metal will be delivered via…
In July major Russian metal companies shipped 5.28 million tons of steel and pipes via railroad, up by 5.3% YoY. Deliveries to the domestic market totaled 3.05 million tons (+0.4%), while exports grew by 12.8%, to 2.23 million tons. In January-July deliveries reached 37.62 million tons, up by 5.6% YoY. Local customers received 21.29 million…
In January-June Tulachermet produced 1.27 million tons of pig iron, up by 3% YoY. The increase is due to the modernization of the blast furnace No. 3 in 2017, as well as the improvement of the quality of raw materials supplied to the company. Iron ore output dropped by 4%, to 2.48 million tons, with…