Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first half of 2019. Kumtor Gold Company produced 301,373 ounces or 9,373.76 kg of gold and contributed more than 4.22 billion soms in taxes and mandatory payments. Kumtor produced 151,065 ounces of gold in the second quarter compared to 83,802…
Zaporozhye Titanium and Magnesium Works could suspend operation over the increase of the electricity tariffs. Since July 1, with the new electricity market operating, the tariff for ZTMK has increased by 25%. Thus, expenses on electricity for the company will grow by 15 million UAH per month. The share of electricity in the company product…
In July Zaporizhstal produced 331.9 thousand tons of pig iron, 322.3 thousand tons of steel and 263.4 thousand tons of rolled metal, all down by 26.3%, 9% and 12% YoY respectively. The decrease is due to the capital repair of the blast furnace No. 2. Investments in the repair exceeded 200 million UAH. In January-July…
The Russian president Vladimir Putin has granted the Russian Guard and the Ministry of Defense the right to sell their scrap of ferrous and non-ferrous metals without auctions to TransLom. The products of armament and military machines cannot be sold. TransLom is the ex-RZD company. Since October 2016 its revenue increased 2-fold in 2018, to…
Bogoslovsky Cable Works LLC, a joint venture of Rusal and Elca-cable, has started manufacturing cable-conductor products with the core of aluminum alloys. When the enterprise reaches design capacity it will process 4.4 thousand tons of aluminum alloys per year. Investments in the project totaled 700 million rubles. The commission of the second shop will let…
OMZ-Spetsstal has concluded a contract with MMK to produce rolls for the plate-rolling mill-4500. The contract provides for the manufacture of 4 supporting rolls with the weight of 52.3 tons, the length of around 7 meters, the barrel diameter of 1250 mm and the length of 4500 mm. The rolls have to be produced of…
Specialists of Severo-Kavkazskoye manufacturing and geological enterprise, a part of Rosgeologia, have discovered a gold ore interval with the size of 28.4 meters and average gold content of 4.3 g per ton in the central part of the Yuzhno-Podolskoye ore occurrence in the Republic of Bashkortostan. It has been known for 40 years, but has…
Ulan-Udestalmost, once largest manufacturer of metal structures over the Urals, has been put up for auction with the initial price of 755.2 million rubles. The minimum price, for which the works can be sold, is 528.7 million rubles. The lots include machinery, warehouses, manufacturing premises, etc. (Ukrainian metal)