In 2018 Pobuzhye Ferronickel Plant invested 74.1 million UAH in the repair of its main machinery. In Q1 the company plans to repair the ore-smelting furnace No. 1 (the repair will be carried out in 53 days) and the tube-type rotary kiln No. 1 (50 days). “The repair will result in the decrease of capacity…
Lugansk region administration has addressed the prime minister on the issue of some mines being cut off grid. In particular, the administration has received a letter from Ukrinterenergo saying that Pervomayskugol and Lisichanskugol mines will be left without electricity. The reason is the electricity debts of 77.33 million UAH. If the mines are cut off…
In January Armenia produced 822 tons of molybdenum concentrate, down by 8.8% MoM and by 14.1% YoY, and 485 tons of FeMo, down by 31.7%, but up by 41% respectively. The molybdenum output decrease is due to the low demand from Europe, the key sales market. In mid-January FeMo (60-70% Mo) prices in Europe fell…
Representatives of the Copper Pipe Works, a part of UGMK, have visited Ferrocrtalic, Slovenia, the largest manufacturer of the sand blasting equipment in the Balkans. The goal of the visit was to see the manufacture of machinery to clean inner surface of copper pipes. The new machine, that the company intends to purchase, will decrease…
This year BMZ the managing company of the Belarus Iron and Steel Works intends to increase its presence on the African continent. In January-February exports to Africa exceeded 57 thousand tons, or 15% in the total exports. In order to strengthen its position, in early March BMZ held negotiations with potential customers from Senegal, as…
Gold production at Kumtor mine in 2018 was 534,563 ounces or 16,626.78 kg, Public Relations Department at Kumtor Gold Company reports. Gold sales in 2018 were 530,448 ounces or 16,498.79 kg with a revenue totaling $660.1 million. Contribution to the national budget in taxes and mandatory payments in 2018 is more than 9.6 billion soms.…
ArcelorMittal Kriviy Rih intends to construct a tube-type furnace in the benzene department of the by-product recovery shop. “When the new furnace is constructed and put into operation, the old one in use since 1983 will be decommissioned. For that a part of the coke gas pipeline will be disassembled, and some pumps replaced”, the…