In 2016 Russia decreased gold ingot output by 7.8% YoY, with December 2016 being the 5th consecutive month when the gold output decreased. In December 2016 gold output dropped by 4.6% YoY, but increased by 6.2% MoM. The Gold Manufacturers Union or Russia expects that in 2016 the country will produce 297 tons of gold,…
In 2016 Kazakhstan will mine 60 tons of gold, the vice-minister on investments and development Albert Rau forecasts. “In 1990 we mined less than 20 tons of gold, in 1997 dropped to 6 tons. In 2015 we mined 57 tons, last year we hope to reach 60 tons”, he said. Thus output increase is expected…
In 2017 MMK-ugol plans to increase coal mining to 4.14 million tons from 3.42 million tons in 2015. For this the company will increase investments – from 1.99 billion rubles to 3 billion rubles. “Capital investments will be directed to the development of mines”, the company CEO Vladimir Kharchenko said. MMK-ugol also intends to prepare…
By the end of January Interpipe will have produced and supplied 3 thousand units of railroad tyres to Ukrzaliznytsia enterprises. According to the company statement, the tyres will be used to repair locomotives and battery locomotives. Interpipe won the tender to supply tyres in December 2016. “The main requirement of Ukrzaliznytsia was the production in…
Interpipe has officially registered its trademark with the Ministry of trade and industry of Saudi Arabia. This is the second country after the United Arab Emirates, where the company registered its trade mark to battle fake steel pipes. “In the past 5 years we supplied over 80 thousand tons of pipe products to Saudi Arabia.…
In 2016 Azerbaijan mined 1894.1 kg of gold, down by 15% YoY. According to the State Statistics Committee, in December 2016 the country mined 133.5 kg of gold, all the gold was sent for processing. In 2015 Azerbaijan mined 2229.3 kg of gold, up by 19.1% YoY. At present Azerbaijan mines gold and silver at…
In 2016 Mechel-Service, the metal trading company of Mechel, increased sales by 6% YoY. In particular, the company sold 1.9 million tons of metal. The growth was marked in rebars (by 6%), beams (by 24%), strips (by 31%), metal wares (by 5%), stainless steel (by 8%) and shaped sections (by 6%). Pipe sales showed the…
In 2016 Evraz shipped some 5 thousand tons of rolled metal for the construction of Universiade-2019 objects. In December 2016 Evraz NTMK flange beams and ZSMK bars were supplied to the construction site of the sport complex Rainbow in Krasnoyarsk. Evraz NTMK produced 4 types of flanged beam of low-alloyed steel to be used under…