This year Severstal intends to spend 73.4 billion rules on the development of Cherepovets Iron and Steel Works and other Russian Steel manufacturing assets. “The investment program will cover the entire technological chain of Cherepovets Iron and Steel Works. As in 2019, some 41% of investments, or 29.8 billion rubles, will be spent on the…
In December 2019, Russia exported 6.5 thousand tons of ferromanganese, up by 1% MoM and by 16% YoY. Deliveries to US dropped to 4 thousand tons from 4.9 thousand tons in November 2019. Exports to Ukraine grew from 1.2 thousand tons to 1.7 thousand tons, and to Kazakhstan – by 63%, to 355 tons. In…
Since the launch of “Steel Route – a tour of MMK” in October 2018, over 10,000 people have visited the production site at Magnitogorsk Iron and Steel Works (MMK). Actually, MMK had been open to guests long before the launch of the program. The production site of one of the country’s largest steel producers had…
The Russian tycoon Roman Trotsenko plans to produce gold and is interested in assets with reserves of at least 50 tons of gold. “We are not interested in small projects with reserves of less than 50 tons. Composition of ores is not important for us, we are ready to work with refractory ores, with sulfide…
Druza LLC intends to launch operation of the Egitinskiy Mining and Processing Works in April. The GOK is situated at the fluorite deposit of the same name in the Republic of Buryatia. The launch has been postponed from 2019 due to the need of adjusting the design documentation. The GOK is expected to reach its…
In January, Yuzhniy Kuzbass extracted over 1 million tons of coal, up almost 2-fold YoY. Excavation works grew by 67%, coal processing – by 18% and sales – by 41%. “The program to modernize mining and transportation machinery as well as active cooperation with contractors allow us retaining our high manufacturing indexes. In Q4 2019…
In January, Rusolovo increased tin manufacture by 5.9% YoY, to 188.3 tons of concentrate. The company is developing the Pravourminskoye and the Festivalnoye deposits in Khabarovsk region. In January 2019, the output totaled 177.8 tons of tin concentrate. (Ukrainian metal)
The Koksoviy Site, a part of PMH, has been allowed to commission a new railroad at the Vostochnaya station. The company has financed the construction of two railroads with the combined length of 2513 meters. Each railroad can service at least 70 railroad cars. In addition to railroad the company has also constructed the entire…
