Oskol Electrometallurgical Works has put into operation the continuous casting machine No. 3 after modernization. The modernized machine will improve the quality of the billet needed to produce SBQ rolled metal used in car manufacture and bearing industry. Metalloinvest input in the modernization reached 1 billion rubles. INTECO, Austria supplied the main machinery. (Ukrainian metal)
In 2019 Chelyabinsk Iron and Steel Works increased rails sales to Moscow subway 4-fold YoY, to 32 thousand tons. The rails were used in the construction of the new subway lines, as well as in the reconstruction of existing lines. All the rails were supplied without holes for bolts. When creating railways, the rails are…
In January-February, Chukotka Autonomous District extracted 3485 kg of gold and 16 tons of silver. Gold output grew by 9%, but that of silver dropped by 6% YoY. In January-February 2019 the region yielded 3206 kg of gold and 17 tons of silver. The alluvial gold season will start in June. Last year the region…
Mechel has concluded a loan agreement with its company Korshunovsky Mining and Processing Works for 3.2 billion rubles. The deal amounts to 7.17% of Korshunovsky GOK assets value. The agreement was concluded on March 11. Mechel has to return the funds with interest until May 31, 2023. The interest rate has not been disclosed. In…
Revenues of UK’s Anglo Asian Mining company that operates Azerbaijan’s gold mining fields is projected at $100,000,000, the company’s CEO Reza Vaziri has said, while disclosing the company’s revenue and production guidance for 2020. “We expect that the company’s revenue in 2020 will increase significantly and exceed $100 million at current prices for precious metals.…
In December 2019 Russia exported 64.8 thousand tons of refined copper, up by 2% MoM and by 62% YoY. Price grew from $5.7 to $5.8 per kg. Deliveries to China dropped by 17%, to 23.4 thousand tons. Russia also resumed exports to Germany (1.3 thousand tons). The Netherlands accounted for 40% of all exports –…
In 2020-2024 Chelyabinsk Zinc Works will invest 4.6 billion rubles in environment protection. According to the company CEO Pavel Izbrecht, in 2021 a concentrate warehouse No. 2 will be constructed, which will enable decreasing pollution – dust emission when loading concentrate. In 2022 the company will construct a site to purify gases, decreasing pollution 2-fold.…
NLMK Group has launched NLMK.lab, a new internet platform, designed to attract partners for joint innovation projects. This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group’s production sites around the world. NLMK offers its…