Mechel has concluded a loan agreement with its company Korshunovsky Mining and Processing Works for 3.2 billion rubles. The deal amounts to 7.17% of Korshunovsky GOK assets value. The agreement was concluded on March 11. Mechel has to return the funds with interest until May 31, 2023. The interest rate has not been disclosed. In…
Revenues of UK’s Anglo Asian Mining company that operates Azerbaijan’s gold mining fields is projected at $100,000,000, the company’s CEO Reza Vaziri has said, while disclosing the company’s revenue and production guidance for 2020. “We expect that the company’s revenue in 2020 will increase significantly and exceed $100 million at current prices for precious metals.…
In December 2019 Russia exported 64.8 thousand tons of refined copper, up by 2% MoM and by 62% YoY. Price grew from $5.7 to $5.8 per kg. Deliveries to China dropped by 17%, to 23.4 thousand tons. Russia also resumed exports to Germany (1.3 thousand tons). The Netherlands accounted for 40% of all exports –…
In 2020-2024 Chelyabinsk Zinc Works will invest 4.6 billion rubles in environment protection. According to the company CEO Pavel Izbrecht, in 2021 a concentrate warehouse No. 2 will be constructed, which will enable decreasing pollution – dust emission when loading concentrate. In 2022 the company will construct a site to purify gases, decreasing pollution 2-fold.…
NLMK Group has launched NLMK.lab, a new internet platform, designed to attract partners for joint innovation projects. This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group’s production sites around the world. NLMK offers its…
In 2019 Mechel-Service Kazakhstan supplied over 2.6 thousand tons of beams for the construction of a Tengiz Chevroil oil plant in Atyrau region. The project is expected to be launched in 2022. Mechel-Service Kazakhstan has supplied flanged beams manufactured by Chelyabinsk Iron and Steel Works. In the past 5 years the company has sold some…
Metalloinvest has signed a program of social and economic partnership with the government of Belgorod region for 2020. The volume of the program will exceed 8.55 billion rubles, and Metalloinvest will contribute 1.7 billion rubles. Metalloinvest is the city-forming company of Starooskol and Gubkinskaya agglomerations, accounting for a third of the region population. The money…
According to Rusal, in 2019 global demand for aluminum grew by 0.1%, to 65.3 million tons. Despite the current uncertainty, the segment of cargo transportation could provide for the growth of demand in 2020 on the background of new models launch, including electric vehicles, and the increase of aluminum usage in automobile industry. The global…