Lebedinsky Mining and Processing Works, a part of Metalloinvest, has produced the 40-millionth ton of hot-briquetted iron. It took the plant 20 years to reach the milestone. Metalloinvest occupies over 50% of the global HBI market. In 2018 it sold 4.5 million tons of the product. (Ukrainian metal)
In July Korshunovsky Mining and Processing Works increased iron ore concentrate output by 15% MoM, to 228 thousand tons. The products were shipped to Chelyabinsk Iron and Steel Works. Ore output grew by 58%. (Ukrainian metal)
Revda Non-Ferrous Metals Processing Works is carrying out a project to assemble a new horizontal hydraulic press. The machinery was produced by SMS Group, Germany. The press will produce rods and pipes of copper alloys as well as pressed copper tyres with the width of up to 220 mm. The new press will provide the…
The VSMPO-Avisma board of directors recommends paying dividends for January-June in the amount of 884.6 rubles per ordinary share. The register to receive dividends will be closed on October 11. The total amount to be spent on dividends will be 10.199 billion rubles. For H1 2018 the corporation paid 756 rubles per share (8.7 billion…
This year Russian Copper Company will invest some $760 million in mining in Russia and Kazakhstan. According to the group mining director Alexei Gordeyev, the growth of investments compared to 2018 will be 13%, not counting the purchase of Malomyzh deposit in Khabarovsk region. Other main projects this year include construction of Tominsky mining and…
Izhorsky Pipe-Rolling Plant LLC and Siberian Industrial Holding Trading House LLC have supplied pipe products for a joint project of RN-Exploration LLC and Union CubaPetroleo (CUPET) on Cuba. According to the order ITPZ produced compressor-pump pipes with the diameter of 89 mm to be used for capital repairs of shafts at the oil deposit. And…
In January-July industrial metallic ores output grew by 2.2%, while metal and wares – by 1%. According to the State Statistics Service, in July ores output went up by 0.4% MoM, while metal – by 9.5%. In particular, in 7 months Ukraine produced 93.9 million tons of non-sintered iron ore, down by 1.3%, 37 million…
Centerra Gold Inc. announced that the remaining Kyrgyz legal proceedings affecting Kumtor project and the international arbitration proceeding at the Permanent Court of Arbitration had been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic. Accordingly, the parties have achieved the…
