Members of Volyn region council will ask the Cabinet of Ministers and the Verkhovna Rada to help finish the construction of the Novovolynskaya Mine No. 10. This is the only mine the construction of which started during the years of independence. The mine reserves are estimated at 40 million tons of coal. The first stage…
In 2019 Norilsk Nickel expects a moderate nickel price growth. “Today nickel and palladium are in shortage, while copper and platinum are close to the balance. In mid-term we expect nickel and palladium prices to be higher. In long-term platinum should also become more expensive. As to the copper – we don’t expect a sharp…
Russian aluminum producer RUSAL will move the headquarters to Krasnoyarsk in six months, governor of the region Alexander Uss reported on December 25. “I hope that the sanctions will be revoked next year in January. RUSAL has somewhat slowed down work on headquarters move. I mean literally two–three, maybe up to six months. But this…
Irbit Pipe Works Metallinvest has opened an outside site for product storing. The site can accommodate some 3500 tons of pipes. The works also has the covered site with the capacity of 4 thousand tons. Now pipes can be loaded from 2 sites at once, which will increase the volume and the speed of loading.…
Cherepovets Iron and Steel Works has assembled an electric bridge crane in the steel-smelting shop valued at 40 million rubles. The crane No. 84 has the lifting capacity of 20.5 tons and will be used to unload slabs and transport steel billets. “The new crane will improve not only the efficiency of the manufacture and…
This year the Electrostal Tyumeni mini-mill intends to increase rolled metal output by 15%, to 0.531 million tons. The company produces over 170 types and sizes of rolled metal used in machine-building, construction, oil and gas and aviation industries. In September Electrostal Tyumeni received the IATF 16949 certificate and passed the ISO 50001 energy audit.…
Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…
The Russian Finance Ministry is in dialogue with the U.S. Department of Treasury and hopes that the sanctions against aluminum producer RUSAL will be abolished in 2019, Minister Anton Siluanov declared on December 25. “The key point here is that the proposals formed by the Office of Foreign Assets Control (OFAC) have been fulfilled. The…