In January RZD transported 100.2 million tons of cargo, down by 4.9% YoY. In particular, 10.1 million tons of iron and manganese ore were transported, up by 2%. Transportation of ferrous metals decreased by 2.2%, to 6.4 million tons, while of scrap grew by 12.6%, to 0.663 million tons. Last year ferrous metals transportation totaled…
Magnitogorsk Iron and Steel Works (MMK) shipped 1.286 million tons of galvanized steel in 2019, the highest figure in the company’s history. 2019 was the second year in a row that MMK broke its own record. In 2018, the company shipped 1.269 million tons of galvanized steel, which at the time was also a record…
Russian aluminum producer RUSAL has suspended the works in Guyana due to unrest in the country. “As a result of serious illegitimate actions that have gone beyond the control of government and enforcement agencies, including arson of the electricity pylon basement and other corporate property, and blocking of the river, RUSAL considers it prudent to…
Zhambyl region governor Askar Myrzakhmetov has met with Aurum Deutschland AG representatives. The company is constructing a large mining and processing works in the region. The idea goes back to 2012, when the then-president Nursultan Nazarbayev invited German investors to develop projects in Kazakhstan. In 2016 an agreement was signed with Aurum Deutschland AG. The…
In November 2019 Russia exported 1.8 thousand tons of raw chrome, up by 2% MoM and by 17% YoY. Deliveries to US grew from 348 tons to 504 tons, while to the Netherlands dropped by 2%, to 1.2 thousand tons. In 11 months of 2019 exports totaled 17.6 thousand tons, up by 1% YoY. In…
Uralelectromed has started assembling the roof of the copper electrolysis shop third stage main premises. So far 34 plates out of 488 have been assembled. At the same time, metal constructions are also erected. The zero cycle concrete work of foundation has been 95% completed. All the zero cycle works will be finished in summer.…
In order to safely transport employees Evraz KGOK has purchased 11 units of new machines. Investments totaled some 30 million rubles. To transport repairmen in quarries the company has bought 5 GAZon Next cargo vehicles, 4 Ural buses and two PAZ buses. (Ukrainian metal)
The stake of multi-industry holding En+ Group in the Russian aluminum giant UC RUSAL has grown to 56.88% following the closure of an asset swap with Swiss trader Glencore, En+ Group said in a statement on February 3. “The company announces conclusion of the second stage of the agreement on a swap of securities with…