In November Chelyabinsk Iron and Steel Works shipped 1-millonth ton of R65 rails to Russian Railroads. ChMK has been supplying RZD with rails since 2016. Most of the rails are 100-meters long. So far RZD has constructed 7.5 thousand km of railroad using ChMK rails. “RZD is the main ChMK rails consumer. The company share…
Karelsky Okatysh has received a very high evaluation by one of its largest consumers – Voestalpine AG. The company ships iron ore pellets to Austria. Voestalpine AG has carried out a supplier’s audit and awarded the works with the highest mark – A. The high praise is due to the improved quality of pellets and…
Gold production rose by 10.92% YoY, to 268.638 tons, in January-September, the Union of Gold Producers of Russia said in a report on December 2. Mined gold production increased by 9.6%, to 213.518 tons, and by-product gold production by 11.1%, to 12.99 tons, while gold scrap production grew by 13.2%, to 28.417 tons, and gold…
A shift of dumps occurred at one of the working sections of Kumtor mine on December 1 at about 5.30 am. As a result, according to preliminary data, two people – employees of the company – went missing. According to Kumtor Gold Company, search for the missing is underway. Law enforcement authorities and the Ministry…
Pavlik Gold Company, operating at the deposit of the same name in the Magadan region, has concluded a 7-year agreement with Gazprombank Leasing on the purchase of mining machinery. The machinery will be purchased due to the increased capacity of the factory (from 5 to 10 million tons per year). Until 2022 gold output is…
VSMPO-Avisma has begun constructing a new shop No. 22. Its size will be over 10 thousand square meters. The premises will house mills for mechanical treatment of titanium stampings (discs and rings). The first metal structures will arrive this month. Until April 2020 the frame of the building will have been erected. In summer the…
Mechel has concluded a loan agreement with its Chelyabinsk Iron and Steel Works. The amount of the loan is 4.1 billion rubles, or 1.46% of the total valued of the company assets. The maturity date is December 31, 2022. The volume of the interest has not been disclosed. As of September 30, Mechel net debt…
In January-October Amur Zoloto LLC extracted 1466.3 kg of gold, up from 1336.6 kg last year. In particular, the Yubileyniy Mining and Processing Works processed 103.1 thousand tons of ore and 3213 tons of crushed stone and slime concentrate, yielding 1114.8 kg of gold, up by 18.3% YoY. Silver output grew almost 3-fold, to 1.732…
