The Far Eastern Shipbuilding and Ship Repair Center (FESRC) Zvezda may begin using Russia-made steel instead of foreign with Magnitogorsk Iron and Steel Works (MMK) and Amurstal among the supplier options. Currently, steel for Zvezda is delivered from South Korea. In 2016, Rosneft and Ural Mining and Metallurgical Company (UMMC) established a joint venture to…
Starting from this week, new vehicle KrAZ-63221 that will deliver ArcelorMittal Kriviy Rih miners to workplaces at open pits and remote dumps has been released on the roads. In total, 5 such vehicles are used for these purposes in Mining Department, and the entire fleet of crew change vehicles at the plant amounts to 26…
The prices of precious metals increased on February 18. The price of gold grew by 18.258 manats, to 2,250.2900 manats per ounce compared to the price on February 15. The price of silver went up by 0.3925 manats, to 26.8884 manats per ounce. The price of platinum increased by 35.7 manats, to 1,370.2850 manats, and…
Contractor has completed reclamation work at the tailing dump in Kadzhi-Sai village and is working on the commissioning of the object. The information was voiced during a meeting of the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov with representatives of Rosatom Corporation. Kubatbek Boronov met with representatives of the Russian State Atomic Energy Corporation…
The price of one ounce of gold increased by 3.2385 manats or by 0.15% last week in Azerbaijan, to 2,228.5198 manats. The price of one ounce of silver dropped by 0.2999 manats or by 1.1%, to 26.6794 manats. The price of one ounce of platinum decreased by 14.671 manats or by 1%, to 1,341.3051 manats.…
Russian tycoon Alexei Mordashov plans to give 65% of his gold producer Nordgold valued at $850-900 million to his sons Kirill and Nikita. “The key goal of the changes is succession, to bring Kirill and Nikita up to date and give them knowledge and experience in business management,” Mordashov said, adding that he would remain…
On February 25 the meeting of the shareholders of the Dneprovsky Iron and Steel Works will approve attracting a loan of 30 million UAH from Oschadbank. Most probably the money will be spent to finance the construction of the continuous casting machine. The project was announced back in 2017. This is the largest investment project…
Izhorsky Pipe Works has won several tenders to supply Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the Northwestern region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of…