Russia: MMSK to increase copper output

Mednogorsk Copper-Sulfur Works, a part of UGMK, has put a new oxygen station into operation with the capacity of 5.366 thousand cubic meters per hour. The current shop of technological oxygen was constructed in 1986. The new station will allow the company to increase copper output. The construction of the first stage will determine further…

Kazakhstan to supply high-quality uranium to China

Kazatomprom chairman Askar Zhumagaliev has visited China and negotiated with the management of CGNPC and CNNC. The parties discussed the nuclear energy industry development, uranium mining and transit through China, as well as delivery of the high-quality uranium to China. Askar Zhumagaliev invited his Chinese colleagues to take part in the Astana EXPO-2017 and show…

Russia: Norilsk Nickel to finance training programs for personnel and volunteers of 2019 Winter Universiade

Norilsk Nickel and the Directorate of the 2019 Winter Universiade signed an agreement to finance training for personnel and volunteers of the upcoming event organized for university athletes. Support for high-level sports, along with student and youth sports in Russia, is an important element of the social policy of Norilsk Nickel. Under the agreement, jointly…

Russia: NLMK Group launches one of the largest pelletizing facilities in Europe

NLMK Group, an international steel producer with assets in Russia, Europe and the USA, has successfully launched pelletizing plant at Stoilensky, the key investment project of its ‘Strategy 2017’. The pelletizing plant opening ceremony was attended by the Russian Prime Minister Dmitry Medvedev, the governor of Belgorod region Evgeniy Savchenko, the governor of Lipetsk region…

Russia: Evraz selling NMTP

Evraz is selling its stevedoring company in the port of Nakhodka – Evraz NMTP. The company has been looking for buyers of its terminals for a couple of years now. The port is a non-profile asset for Evraz, and its sale could decrease the company debt burden (net debt as of late June – $5.3…

Ukraine: VEB not Zaporizhstal shareholder

The Russian Vnesheconombank (VEB) is not a Zaporizhstal shareholder. “VEB is not our shareholder, you can look at our shareholders register”, the company CEO Rostislav Shurma answered, when asked about the VEB decision to create a separate subsidiary company containing all the metallurgical assets. When asked who owned the second stake apart from Metinvest, he…

Russia: cobalt output up in January-October 2016

In January-October raw cobalt output in Russia went up by 61.6% YoY.

According to the Federal Service of State Statistics, in October raw cobalt production increased by 18.3% YoY, but dropped by 1% MoM. (Ukrainian metal)

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