Kenes Rakishev, the largest shareholder of Petropavlovsk, is prepared to buy 10-15% of IRC, if it decided to sell it. The group owns 31.1% in IRC, the only manufacturer of iron ore on the Far East. The company is operating at Kimkano-Sutarsky Mining and Processing Works. Rakishev believes now is a good time for a…
Severstal has chosen a contractor to carry out main works to construct a coke-oven battery No. 11 at Cherepovets Iron and Steel Works with the design capacity of 1400 thousand tons per year. The main contractor is Koksokhimmontazh (Moscow). The subcontractors are Intech (St. Petersburg) and Koksokhimmontazh-2 (Cherepovets). (Ukrainian metal)
The price of gold, platinum and palladium increased in Azerbaijan. The price of gold grew by 3.026 manats, to 2,195.6265 manats per ounce on January 17 compared to the price on January 16. The price of silver dropped by 0.0316 manats, to 26.4503 manats per ounce. The price of platinum went up by 6.5875 manats,…
The British Anglo Asian Mining Plc. company, engaged in the gold, silver and copper extraction in Azerbaijan, increased the gold production in Gadabay by 17%, to 83,736 in 2018, the company said. During the reporting period, the company mined 72,798 ounces of gold, 1,645 tons of copper and 210,184 ounces of silver. Gold production increased…
The U.S. Senate’s rejection of a bid to block the easing of sanctions on Russian aluminum company Rusal PLC will have the practical effect of reducing pressure on an Armenian aluminum mill, reported the Armenian National Committee of America. The mill, owned by Armenal, employs 700 in Yerevan, indirectly supports thousands of area families, and…
Severstal Steel Decisions has produced an additional set of crane beams weighing over 72 tons to be used to replace crane machinery over the mill-2000 at the Cherepovets Iron and Steel Works. The structures have non-standard sizes: the length of the main beam is 2 meters, while the weight is over 10 tons. This is…
Last year Uzmetallsavdo sold 30-35 thousand tons of various metal products. This year it is planned to reach 70 thousand tons. The company is a major metal supplier. Its clients are Almalyk and Navoi metal plants, as well as construction companies. In November 2018 the company celebrated its 80th anniversary. (Ukrainian metal)
Cherepovets Iron and Steel Works, without shutting down manufacture, is finishing assembling the coil-rewinding machine with the capacity of 650 thousand tons per year. The total cost of the project is 1.2 billion rubles. The commission of the machine is scheduled for February, and it is exCherepovets Iron and Steel Workspected to reach the design…