Russia’s Vnesheconombank (VEB) plans to use about $100 million of the National Wealth Fund’s money in 2017 to finance pre-front end engineering and design (pre-FEED) works at the Udokan copper field, VEB CEO Sergei Gorkov reported. “The supervisory board has approved it, it was done rather a long time ago. This is not a large…
In January-November raw copper output in Russia increased by 0.1%. According to the Federal Service of State Statistics, copper plates, sheets, bars and bands output went up by 4.9% YoY, of rods and sections – by 19.2%, while that of wire dropped by 14.2% and of foil – by 9.4%. (Ukrainian metal)
In January-November Russian output of raw copper alloys decreased by 31.6% YoY. According to the Federal Service of State Statistics, in November raw copper alloy output dropped by 23.5% YoY and by 14.5% MoM. (Ukrainian metal)
Altynken works, built at the Taldy-Bulak deposits and valued at $285 million is still not operating. When the assembly works started the constructors found out that the copper content in the gold ore was higher than expected. So, Dore alloy can be extracted from only one third of ore, with the rest being copper. At…
Chinese businessmen will invest $2 million into the project of copper-gold concentrate production in Kentau. The factory is expected to produce some 200 tons of products per day. Within the program a processing shop with the capacity of 65 thousand tons per year will be reconstructed in Kentau. Ore will be supplied from the Yubileynoye…
In November Novgorod Iron and Steel Works, a part of the Russian Copper Company, produced 6 thousand tons of copper cathodes, which was the best result since the company was put into operation in 2003. In December the output is expected to increase to 6.2 thousand tons. At first the capacity of the works was…
In November the copper sulfate shop of Uralelectromed, a part of UMCC, produced 3.5 thousand tons of copper sulfate, up by 30% from the average monthly results. The increase is believed to stem from the constant modernization of machinery. In 2015 the company worked out a program to increase productivity and output volumes. (Ukrainian metal)
The cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…