In 2017 Tajikistan set a new record in gold mining – 5.5 tons, up by 11.2% YoY. All the metal produced was purchased by the National Bank of Tajikistan. In 2016 the bank bought 4 tons of gold. This year gold output is expected to grow by 20% YoY, to 6.6 tons. In the past…
As of February 1 Magadan region mined 1317.4 kg of gold and 51.6 tons of silver. According to the regional ministry of natural resources, gold output grew by 41.5% YoY, or by 386.6 kg. At the same time silver mining decreased by 14.6%, or by 8.8 tons. The decrease has to do with the scheduled…
Sayanogorsk and Khakassk Aluminum Works of Rusal in 2017 produced 824 thousand tons of aluminum. Aluminum alloys output grew by 12% YoY, to 474 thousand tons. The increase in output was the result of a complex modernization work. “Aluminum alloys are products with high added value, thus the increase of their output is one of…
In 2017 Izhstal increased stainless steel output by 11% YoY. According to the company press-service, stainless steel manufacture reached 17.4 thousand tons. Over 35% of this was produced by the continuous casting machine. In 2016 its share was 20%. All in all the works mastered the manufacture of over 1.8 thousand steel grades, including 300…
PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…
RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…
In January Beloretsk Iron and Steel Works increased shipping of metal wares by 4% YoY, to 37.6 thousand tons. Welding wire for the manufacture of electrodes and low-carbon wire for ferroconcrete structures showed the most increase – by 64% and by 53% respectively. Wire nails sales grew by 48%. Welding alloyed wire sales increased by…
At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…