Russia: Karabashmed completes repairs

Karabashmed has repaired the chemical-metallurgical complex. In addition to repairing machinery in the metallurgical, sulfur acid and power shops, the company has also assembled two new Kumera converters. Since 2004 Russian Copper Company has invested over 18 billion rubles in the modernization and environment safety improvement of Karabashmed. In 2018, 2 billion rubles more will…

Russia: Yakutugol gets new director

Sergey Belan, the ex-director of Moskoks, a part of Mechel, has been appointed the managing director of Yakutugol, also a part of Mechel. The previous managing director Igor Khafizov was in August appointed director of Mechel-Mining in the Republic of Sakha (Yakutia). Pavel Stark, Mechel-Mining LLC CEO, said: “The new managing director of Yakutugol Sergey…

Ukraine: Mariupol works decrease buffer zone

In 2018 the Atmosphera mobile environment laboratory will be working on weekends and holidays and will increase its route. According to the city council people’s deputy and the chairman of the social protection, health protection and ecology commission Maxim Borodin, Mariupol Ilyich Iron and Steel Works and Azovstal have considerably decreased their buffer zones, thus…

Russia: MMK opens research center at Skolkovo

PJSC Magnitogorsk Iron and Steel Works and Foundation for development of the New Technologies Development and Commercialization Center at the Skolkovo Foundation have signed an agreement to establish the MMK Research Center at Skolkovo. The agreement was signed by MMK CEO Pavel Shilyaev and President of the Skolkovo Foundation Victor Vekselberg. MMK plans to invest…

Russia: Polymetal CEO prefers silver

Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…

Russia: steel output up in Q3 2017

In July-September major steel companies of Russia – Severstal, NLMK, and MMK – increased output. In particular, NLMK produced 12.6 million tons of steel in 9 months, up by 3% YoY, MMK – 9.6 million tons, up by 1.9%, while Severstal dropped steel output by 1%, to 8.6 million tons. The reason of the increase…