Silver Bear Resources Plc has increased the resources of its Vertikalnoye deposits in the Republic of Sakha (Yakutia) to 1.8 million ounces of silver. The resources have been moved to the Measured and Indicated category with the silver content of 1572 g per ton. At present the company is storing ore to start silver manufacture…
In December Krasnoyarsk Iron and Steel Works has implemented an innovative technique of aluminum processing Bonderite-2040, developed by Henkel. So far, KraMZ is the first and only plant in Russia to use this technique. The new technique is more environment-friendly: water consumption has decreased by 70% and the water purification has improved. (Ukrainian metal)
TMK has successfully passed the re-certification audit of the corporate quality management system for the compliance with ISO 9001:2015. The audit has been carried out by Lloyd’s Register. The corporative certificate for the correspondence of the TMK quality management system to ISO 9001:2015 has been granted for the next 3-year period. (Ukrainian metal)
Russian steel manufacturers have started increasing prices for local customers because of the ongoing growth of export prices. Thus, NLMK has increased its January 2018 prices for hot- and cold-rolled metal by 10%, and Severstal – by 4%. Steel started getting expensive in December. In just one week (December 15-22) average local prices have grown…
Nord Gold SE, the internationally diversified low-cost gold producer, has announced that it is still at the initial stages of assessing the prospect of gold mining in Uzbekistan. “Uzbekistan has one of the world’s richest gold reserves, so any interest we have in the country would not be surprising. However, we are still at the…
Urov-Zoloto LLC, extracting gold in Zabaykalye region, has obtained 122 kg of alluvial gold this year. The output plan for the next year is 100 kg. Next year the company will not take part in new auctions. The work will be performed under the current 4 licenses. At present all the operation is stopped. The…
In November Russia produced 4.26 million tons of pig iron, down by 16.7% YoY (4.4 million tons in October). In 11 months pig iron output in Russia decreased by 15.6% YoY, to 47.396 million tons. Ukraine produced 1.6 million tons of pig iron in November, down by 16.2% YoY (1.655 million tons) and 17.721 million…
Chelyabinsk Pipe Works has become a guarantor on the bank guarantee granted to Pervouralsk Pipe Works. The guarantee was granted by Bank Uralsib. The agreement was concluded on December 22. According to the document, the guarantor will be responsible to the bank together with the borrower. The volume of the guarantee is 1.58 billion rubles.…