The arbitrary court of Perm region has settled the amicable agreement between the Kamastal Iron and Steel Works LLC and R-Line Transport Systems. The latter in July applied to the court to announce Kamastal bankrupt because of its debt of 22.7 million rubles. Later two more claimants appeared. But during the court session R-Line and…
ArcelorMittal Tubular Products Aktau is finishing constructing a unique shop. The new ship to assemble pipes in dual sections is a joint venture of AMTPA and KazTurboRemont. The commissioning of the new shop will create some 150 jobs. The shop will weld pipes into dual 24-meter sections. Its capacity will be 300 km of pipe…
In January-September Tajikistan mined 1384 thousand tons of coal, up by 21 thousand tons from the whole 2016 yield. “This is the highest result in the history of the republic”, the Ministry of industry and new technologies reported. The high results have been secured by Fon-Yagnob (617 thousand tons), Talco-Resource (286 thousand tons) and the…
In 2021 Azerbaijan intends to obtain 5987.9 kg of gold, up from 5312.2 kg in 2017. Thus, in 2018-2021 gold output will increase by 12.6%. In particular, in 2018 gold output is expected to reach 5471.5 kg, in 2019 – 5635.7 kg, and in 2020 – 5804.7 kg. Iron ore concentrate manufacture will also grow:…
Neryungri-Metallik, a part of Nordgold, has laid the foundation for the gold-extracting factory at the Gross mine. The largest Nordgold project in Russia will be commissioned in mid-2018. The development of Gross began in Q4 2015. The mine is expected to yield some 12 million tons of ore and produce around 7 tons of gold…
Stoylensky Mining and Processing Works has purchased 3 new 136-ton BelAZ dump trucks for the transportation of rock in the quarry. With these new trucks the company fleet now consists of 35 machines, enough for operation in 2018. The truck body is strengthened from inside with Quard steel sheets. Such a protection increases the body…
The city of Izhevsk entrepreneur Alexei Isupov and the Industrial and investment complex Vector (Crimea, annexed by Russia) have signed an agreement to create the Izhevsk foundry works Vector. The new company will process aluminum for Crimea. Investments will total 70 million rubles. 50 jobs will be created. The Izhevsk party will prepare the manufacturing…
In January-September KAZ Minerals produced 193.3 thousand tons of raw copper (98.6 thousand tons in 9 months of 2016). In Q3 copper output increased by 14 QoQ, to 75 thousand tons, mostly because of the production growth at Aktagan. The annual copper output target was thus increased from 235-260 thousand tons to 250-270 thousand tons.…