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Daily Archives: 07.11.2019

Ukraine: Energy Ministry looking for private investor to mine uranium with VostGOK

VostGOKBy admin07.11.2019Leave a comment

The Ministry of Energy and Environment intends to find a private partner to carry out a participation project with the only uranium miner and processor in Ukraine – VostGOK. No details have been revealed. According to the Energoatom president Yuri Nedashkovsky, the project is intended to make the state enterprise healthier and improve its efficiency.…

Russia: CherMK starts assembling BF3 bin trestle structures

Cherepovets Iron and Steel WorksBy admin07.11.2019Leave a comment

Cherepovets Iron and Steel Works is finishing the work of the zero cycle of blast furnace No. 3 bin trestle assembly. At the same time contractors have already started erecting metal structures of the object. The length of the trestle will be 80 meters and height – 47 meters. Some 1000 employees and over a…

Russia: Rusal issues 15 billion rubles worth of bonds

RusalBy admin07.11.2019Leave a comment

Rusal has issued ruble bonds with the volume of 15 billion rubles, with maturity in 10 years and an offer in 3 years. The coupon rate was record-low for the company – 7.45%. So far this year Rusal has issued bonds for 60 billion rubles. Each issue saw its coupon rate falling – from 9%…

Russia: Metalloinvest output down in January-September 2019

MetalloinvestBy admin07.11.2019Leave a comment

In January-September Metalloinvest produced 3.628 million tons of steel, down by 2.7% YoY. The decrease is explained with the capital repairs of the continuous casting machines Nos. 1 and 2 at Ural Stal and the trial operation of the flexible module furnace. Sales dropped by 1.1%, to 3.407 million tons. Semi-finished products accounted for 1.778…

Russia: Severstal and Tenaris pipe works to start operating in 2021

SeverstalBy admin07.11.2019Leave a comment

The project to construct a pipe works in Surgut, a joint venture of Severstal and Tenaris, is being carried out according to the schedule. The first start of the enterprise is planned for 2021. The full capacity will be reached in 2023-2024. The domestic market is expected to get the main volume of products. The…

Russia: ChTPZ to start producing stainless steel pipes

ChTPZBy admin07.11.2019Leave a comment

The ChTPZ Group has started carrying out a project to create a manufacture of seamless stainless pipes for nuclear power plants steam generators. The project presupposes the commission of new and modernization of existing capacities at Pervouralsk Pipe Works valued at 780 million rubles. A new line of pipe finishing will be created at the…

Kazakhstan: RCC starts mining ore at Kundyzdy

Russian Copper CompanyBy admin07.11.2019Leave a comment

Kazgeorud, a part of the Russian Copper Company, has started mining copper and copper-zinc ore at the Kundyzdy deposit. The design capacity of the output is 2 million tons per year. Investments in the development of the deposit are estimated at $205 million. The project will provide Aktyubinsk Copper Company with raw materials until 2033…

Russia: Zoloto Kerbi exceeds 2019 output plan

goldBy admin07.11.2019Leave a comment

Since the start of the washing season Zoloto Kerbi LLC has exceeded gold output plan for this year by 15%. The company has obtained 415 kg of gold. This year the company intended to yield 350 kg. The washing season had to be over on October 15, but due to favorable weather, it was decided…

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