Last year Severstal produced some 12 million tons of steel. Mill-2000 accounted for over 6 million tons. Previously Severstal was able to reach such a record in 1980s. “We have set a task for ourselves – the share of new products in our portfolio has to be 30% by 2023. Now it’s just 5%. For…
Russian state banks VEB.RF, Gazprombank, and Sberbank will provide financing to Baikal Mining Company belonging to billionaire Alisher Usmanov that would cover up to 70% of a $2.9-billion Udokan copper deposit, Baikal Mining Company said in a statement. The shareholders of Baikal Mining Company have already invested 28.5 billion rubles and they will cover at…
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 42.14 million UAH. Until the end of the year the company has to transport 243 thousand tons of uranium ore from the Novokonstantinovskaya mine to the Ingulskaya and Smolinskaya mines and 45 thousand tons of inert…
In January Interpipe Steel manufactured 71 thousand tons of steel, down by 5.3% YoY. In December 2018 the output was 82 thousand tons. In 2018 Interpipe Steel produced 973.8 thousand tons of round billets, up by 15% YoY. (Ukrainian metal)
The Republic of Ingushetia has signed an agreement to construct an aluminum alloy works “RIAL”. It will be supplying raw materials to the republic works RIAK, which produces aluminum sections, and the heating radiator works ATM LLC. The agreement has been signed by the governor of the republic Yunus-Bek Yevkurov and the director of ZAS…
Rusal has replaced the members of its board of directors, On February 14, the executive director Sergey Popov resigned, having been elected to a governmental office. Yevgeniy Kuryanov has been appointed in his stead. From February 14, Maxim Poletayev, Randolf Reinolds, Kevin Parker, Nicolas Jordan and Christopher Burnam were appointed to the board of directors…
The president of the Russian Copper Company Vsevolod Levin and the governor of the Khabarovsk region Sergey Furgal have signed an agreement on cooperation in the sphere of mining. The regional authorities want to help RCC develop Malomyzh gold-copper-porphyry deposit. Last year RCC bought the Amur Minerals LLC, which owned the license to the deposit.…
In 2018 Severstal sold over 5 million tons of rolled metal to local construction companies, up by 7.1% YoY. At the same time, the growth of metal consumption in construction sphere was only 1%. The sales growth is due to additional lines of coated metal. In particular, in December 2018, the company produced the record…