Danieli has received an order to supply machinery for the foundry-rolling complex at the Uzbekistan Iron and Steel Works in Bekabad, Tashkent region. The construction will commence in August. The project presupposes the construction of a 120-ton electric arc furnace, a ladle furnace and steel degassing unit. Slabs will be manufactured at the vertical continuous…
In June Krasniy Octyabr Iron and Steel Works produced 21 thousand tons of liquid steel, up by 3 thousand tons than planned. Moreover, the company produced 4380 tons of expensive nickel-containing stainless steel. The stainless steel output growth occurred in January – 1 thousand tons, and in early Q2 – 1.5 thousand tons. The jump…
In January-May Russia’s imports totaled $94.5 billion, down by 1.5% YoY. The share of metals and metal wares grew from 7.2% to 7.4%. In particular, from far foreign countries – from 5.8% to 6.2%, but from CIS-countries it fell from 18.5% to 16.9%. The monetary value of the group remained unchanged, but the physical volumes…
In 20219-2022 Russian Copper Company intends to invest some 20 billion rubles in the manufacture. In particular, projects will be implemented under the long-term strategy of the company to increase raw materials and mineral base and to improve capacity. Thus, in 2021 Karabashmed will launch the manufacture of copper anodes with the capacity of 230…
In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors. To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY. This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)
Russia’s top bank Sberbank plans to issue more than 23 billion rubles of financing for Ural Mining and Metallurgical Company’s (UMMC) largest projects, UMMC said in a statement. “Sberbank will issue a more than 23-billion ruble financing for the largest projects of Ural Mining and Metallurgical Company. Under the agreements, 20 billion rubles will be…
Kyrgyzstan plans to reduce its dependence on Kumtor. According to representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, it is necessary to increase production at such fields as Taldy-Bulak Levoberezhny, Ishamberberdi, Bozymchak, Kuru-Tegerek, Karakazyk, Jamgyr and Chaarat. In addition, it is planned to launch Jerooy project. According to preliminary data,…
Since the start of the year the Alardinskaya mine of Evraz has extracted 1 million tons of coking coal. The miners were developing the long face No. 6-1-20, put into operation in March. Earlier the mines Uskovskaya and Yerunakovskaya-VIII have exceeded the 1-million tons output mark. (Ukrainian metal)