The increase in gold output will positively influence the economy of the Magadan region, the Council of the Federation member Anatoly Shirokov believes. In 2016 the region was one of the 3 largest gold producers in Russia. Last year Magadan region obtained 32.95 tons of gold, up by 18.2% YoY. The gold-extracting industry provides a…
Chelyabinsk Iron and Steel Works has been granted the DNV GL certificate for large-size ingots of special steel grades. The certificate allows the company to supply its products to the European market. Only a handful of companies produce such ingots in the world. ChMK started manufacturing ingots weighing up to 50 tons in summer of…
In 2017 Beloretsk Iron and Steel Works increased sales of high added valued products. In particular, the highest sales were in spring wire for machine-building and furniture manufacture – by 14%. Rebar threads for bridge construction sales increased by 13%, steel sections – by 10%. Steel wire sales grew by 9%, while welding wire for…
Gold output of precious metals producer Polymetal International rose by 21% YoY, to 1.075 million ounces, while silver production decreased by 8%, to 26.8 million ounces in 2017, it said in a statement on January 24. Total output in gold equivalent grew by 13% YoY, to 1.433 million ounces, overshooting the production plan by 2%.…
In January-November 2017 Russia exported 1.35 million tons of flat cold-rolled metal, up by 13% YoY, but down by 2.3% from the corresponding period of 2015. Turkey was the leader among buyers, having purchased 447 thousand tons. At the same time, its imports dropped by 25.8% YoY. The average price in November 2017 was $587.7…
Coal output in Zabaykalye region last year reached 21.3 million tons, up by 2.4% YoY. According to the regional Ministry of Nature, Razrez Tugnuysky, Razrez Kharanorsky, Priargunskoye Mining and Chemical Enterprise, Chitaugol and Arctic Developments are the leaders of the industry. In 2016 the region mined 20.8 million tons of coal. (Ukrainian metal)
In 2017 Amurmetal produced 187 thousand tons of metal. This year the company intends to manufacture 1 million tons. To do this a two-stage modernization will be carried out. First, in February the company will modernize its rolling mill, which will increase its capacity to 700 thousand tons. During the second stage, in September, Amurmetal…
In 2017 Kyshtym Electrolytic Copper Plant reached a new manufacturing record – it produced 129 thousand tons of copper cathodes, up by 5% YoY. This was mostly the result of raw copper manufacture growth at Karabashmed, which supplied KMEZ with raw materials. Thus, in 2017 the works produced 120 thousand tons of copper, up by…