Russia: Kimkano-Sutarsky GOK produces 600 thousand tons of iron ore concentrate

Since being put into operation Kimkano-Sutarsky Mining and Processing Works has produced 600 thousand tons of iron ore concentrate.

In May the works produced 125 thousand tons.

The company management expects it to reach its target capacity in summer. (Ukrainian metal)

Uzbekistan offers 29 mineral deposits to foreign investors

Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits, to foreign investors for industrial development. In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each. In addition, potential…

Russia: stainless pipes imports down in 2016

In 2016 the share of stainless steel imports decreased to 40.3% from the record of 86.5% in 2007, while the seamless stainless pipes imports dropped to 33.5% from its highest in 2010 (63.8%). According to the Pipe industry development fund director Igor Malyshev, the decrease of imports resulted in the creation of pipe capacities in…

Russia: Evraz to supply long rails to railroads

Evraz and the Russian Railways have signed a memorandum on cooperation. According to the document Evraz will increase output of 100-meter rails. An additional manufacturing line will be assembled at Evraz ZMSK. And railroads will provide rolling stock to take all the rails produced. The memorandum creates the basis for the signing of a new…

Russia: OMK earnings down in 2016

In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…

Russia: ChTPZ to supply pipes for Indian NPP

The ChTPZ group will supply a batch of seamless stainless pipes for Belenergomash-BZEM. The pipes will be produced at Chelyabinsk Pipe Works and intended for pipelines of Kudankulam nuclear power plant in India. The products will be shipped in Q3. Under the contract ChTPZ will supply 80 thousand tons of 325-426 mm diameter and 12-16…

Russia: SUEK puts new face into operation at Taldinskaya-Zapadnaya 2 mine

SUEK has put a new long face No. 70-10 at the Taldinskaya-Zapadnaya 2 mine into operation.

The expected output is 500 thousand tons of coal per month. The reserves of the face will be enough till the end of the year.

SUEK invested over 2.3 billion rubles into the project. (Ukrainian metal)