In 2016 Russia exported 511.1 thousand tons of raw copper, down by 9.2% YoY. According to the Federal Customs Service, Copper deliveries to the far foreign countries decreased by 10.1% YoY, to 501.1 thousand tons, to CIS – went up by 69.5%, to 10 thousand tons. In monetary terms exports decreased by 22% YoY, to…
Uralelectromed, a part of UMMC, has finished the repairs of its shaft kiln, one of the main equipments to produce wire rod. The repair cost around 10 million rubles. According to the department director Maxim Prosvetov, the repair was carried out in 20 days. 80 tons of refractory materials were used in the kiln modernization.…
Kaz Minerals Group reports the production of the first copper concentrate of sulfide ore at its Aktogay Mining and Processing Works according to the schedule to start the manufacture in Q1. The Aktogay processing factory begins increasing capacity to reach the project manufacturing target in H2. The group intends to produce around 300 thousand tons…
Major Chinese companies are interested in investing into copper deposits in the Volyn region. “The Zhirichi copper deposits have attracted attention of major Chinese companies. They’ve been aware of the deposits back in USSR. Now they want to construct a plant to produce cable, semiconductors and all the rest made of copper”, the Volyn regional…
Polymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…
In 2016 raw copper output in Russia increased by 0.7% YoY. According to the Federal Service of State Statistics, copper rods and sections output went up by 18.8% YoY, plates, sheets, and strips – by 3.9%, while that of wire decreased by 11.8%, and of foil – by 8.3%. (Ukrainian metal)
In 2016 Holding Cable Alliance (uniting cable assets of the UMMC) processed 37.5 thousand tons of copper, up by 12% YoY. The increase was caused by the major modernization of industrial sites and the expansion of the product range. 2016 saw new machinery assembled at all HCA companies. Thanks to this they were able to…
In 2016 Central Asia Metals produced 14.02 thousand tons of copper, up by 16.1% YoY. According to the company statement, in Q4 copper output dropped by 17.8% YoY, to 3.01 thousand tons. Copper sales in 2016 increased by 15.8% YoY, to 13.938 thousand tons. (Ukrainian metal)