Kazakhstan: Kazatomprom’s net profit up in 2018

Currently, Kazatomprom JSC develops 14 of 56 explored deposits with balance reserves of uranium, the company reported. Today the company, which is the world’s largest producer of natural uranium, is engaged in mining in the Turkistan, Kyzylorda and Akmola regions. “All uranium products of Kazatomprom are exported. Over the past months of this year, the…

Uzbekistan: AGMK and South Korea to create innovative center to study rare metals

Korea Institute for Rare Metals (KIRAM) and Almalyk Mining and Processing Works will create a joint scientific center on rare metals and alloys. The corresponding agreement has already been signed. The center will comprise 5 laboratories to obtain refractory metals, in particular, tungsten and molybdenum, as well as alloys using nano- and chemical-metallurgical techniques. (Ukrainian…

Kazakhstan: metal prices up in 2018

Last year the prices of industrial manufacturers grew by 19% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, coal became 10.7% more expensive and metallic ores – 2.2%. Prices of ferroalloys grew by 24%, of rolled metal – by 15.4%, of aluminum – by 3.8%, and of copper…

Ukraine: Zaporizhstal output up in 2018

In 2018 Zaporizhstal increased steel production by 4.6% YoY, to 4.105 million tons. According to the company statement, pig iron manufacture grew by 15.6%, to 4.386 million tons, and rolled metal – by 10%, to 3.537 million tons. In December 2018 Zaporizhstal produced 358 thousand tons of pig iron, 344.1 thousand tons of steel and…

Uzbekistan: Uzbekkhimmash to construct casting shop

The government of Uzbekistan has approved the main parameters of the Uzbekkhimmash investment project feasibility study to modernize its casting manufacture with the construction of a new shop. According to the Cabinet of Ministers, the modernization should be ready by December. The cost of the project is $23.77 million, with investments into new machinery amounting…

Ukraine: InGOK to mine 28.6 million tons of ore in 2019

This year Ingulets Mining and Processing Works intends to decrease iron ore mining by 1% YoY, to 28.6 million tons.

The company also plans to produce 10.829 million tons of iron ore concentrate.

In order to maintain the quarry capacities InGOK will increase rock mining by 2.2%, to 0.657 cubic meters per ton. (Ukrainian metal)

Russia: NLMK-Kaluga produces 4 million tons of rolled metal

NLMK-Kaluga has produced 4 million tons of rolled metal.

The high quality steel is used to produce some 20 types and sizes of bars and sections, as well as square billets.

In early 2018 the company increased its product portfolio by adding channel.

The company main customers are construction enterprises. (Ukrainian metal)

Uzbekistan: AGMK to construct new copper-processing factory

Almalyk Mining and Processing Works intends to construct a new copper-processing factory.

The project to be commissioned in 2022 will be developed by the Scientific-research and design institute TOMS (Russia).

The institute will also help modernize two current copper factories.

This year AGMK intends to attract over $180 million of investments. (Ukrainian metal)