Severstal Distribution service metal center in Cherepovets has commissioned its second slitting line with the capacity of 30 thousand tons per year. The Italian machinery will allow cutting metal with the thickness of up to 4 mm. Now the company can cut metal with the thickness of 0.4 to 4 mm of coils with the…
In 2019 Kamchatskoye Zoloto, developing sites in Kamchatka region, produced 626 kg of gold and 374 kg of silver. Gold output grew by 52% YoY, and silver – by 68%. In Q2 the company intends to commission the first stage of the Baranievskoye mine with the capacity of 73 thousand tons. (Ukrainian metal)
The head of the Republic of Komi Sergey Gaplikov and president of the Russkie titanoviye resursy group of companies Anatoliy Tkachuk have signed an agreement to construct a vertically integrated mining and metallurgical works to process titanium ores and quartz sands of the Pizhemskoye deposit. Until 2021 Rustitan will perform prospecting work at the deposit,…
In November 2019 Russia imported 32 tons of molybdenum including scrap, down by 20% MoM, but up by 40% YoY. Deliveries from China dropped from 28 tons to 23 tons, and from Germany – by 45%, to 6 tons. In 11 months of 2019 imports totaled 319 tons, up by 9% YoY. In monetary terms…
In 2019 Talco produced 100.8 thousand tons of aluminum, up by 5.8 thousand tons YoY. Last year the manufacturing process was slowed down by raw materials delivery delays from Turkmenistan. In particular, the company had to shut down 90 of its electrolysis baths. (Ukrainian metal)
Businessman Roman Trotsenko is raising his ownership in the mining business and can boost the stake Geopromining metals company to 98.51% by acquiring a stake from the current controlling shareholder Siman Povaryonkin. According to the Federal Antimonopoly Service, Cyprus-based Nakilep Overseas Limited controlled by Trotsenko has asked the agency to allow it to buy a…
Gold production of Polyus increased by 7% QoQ, to 804,000 ounces in October-December 2019, the company said in a statement. Revenue rose by 20%, to $1.277 billion, while an average gold price stood at $1,482 per ounce. In the whole of 2019, gold output increased by 16%, to 2.841 million ounces. Sales revenue rose by…
Gazprombank is interested in selling its 49% stake in the Elga coalfield to A-Property, a company of co-founder of telecom operator Yota Albert Avdolyan, Gazprombank’s press secretary Anton Trifonov reported on January 28. On January 27, a source said that A-Property asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga…
