Since the start of the washing season, the Baldzha team, developing alluvial gold sites in Zabaikalye region, has obtained 690 kg of the precious metal. According to the regional ministry of environment, the annual quota was set at 300 kg of gold. Thus, the plan has been exceeded 2.3 times. By the end of the…
On November 6 the MMK Trading House is celebrating its 10th anniversary. In 10 years the company has increased metal sales in Russia and Kazakhstan to 1.5 million tons a year. The operation of the trading house began at 5 warehouses in Povolzhye and the Urals. The anniversary 30th site was opened in the city…
Holding Cable Alliance has supplied products for modernization of the Kola Nuclear Power Plant in the Murmansk region. The total volume of deliveries this year has reached 150 km. “All the cables and wires for the power plant are fire- and explosion-proof. The chance of fire at the NPP are low, but if it does…
Orel Steel Works has commissioned another machine under the project to increase fasteners output. Investments totaled some 140 million rubles. A new heat hardening machine, the third one, was commissioned in late October. Thus, the company will increase fasteners manufacture to 400 tons per month. (Ukrainian metal)
The board of directors of aluminum giant UC RUSAL has decided to remove the company from registration in Jersey and reregister it as an international company in Russia, according to the company’s statement released on the Hong Kong Stock Exchange on November 5. Hit by the U.S. sanctions, RUSAL said in August it started a…
Chelyabinsk Iron and Steel Works has produced over 5 thousand tons of rebars for the construction of the housing district Salavat Kupere (Rainbow) in the city of Kazan. Some 1.5 million square meters of living quarters will be constructed in the district. Metal is supplied by Mechel-Service. (Ukrainian metal)
In April-June Korshunovsky Mining and Processing Works increased ore mining by 30% QoQ, to 1.6 million tons. In Q3 ore output grew by 13% more, to 1.8 million tons. In Q2 iron ore concentrate manufacture totaled 522 thousand tons, up by 48% QoQ, and in Q3 – 609 thousand tons, up by 17%. “Early in…
The Fund of Bashkortostan industry development could support the new investment project of Beloretsk Iron and Steel Works on ferrous metals processing. Investments planned might exceed 1.1 billion rubles. As one of the tools of support the company mulls a soft loan of 540 million rubles. The loan at 3-5% is to be paid from…