In 2016 Ural Mining-Metallurgical Company plans to produce 350 thousand tons of copper, down by 10% YoY. Copper content in ore is dwindling, even though ore mining remains the same – around 24-25 million tons. The company expects the situation to improve in 2020-2021, when new capacities are put into operation and ore mining increases.…
In January-June Russia exported 1.77 million tons of aluminum valued at $2.51 billion, down by 1.2% and by 30.4% YoY respectively. According to the Federal Customs Service, exports to foreign countries dropped by 1.4%, to 1.74 million tons valued at $2.46 billion, down by 30.6%. Copper exports totaled 244.6 thousand tons valued at $1.12 billion,…
KAZ Minerals company reduced the cost of the expected Aktogay copper mine project in Kazakhstan by $100 million to $2.2 billion, the company reported. “The project has benefited from the experience gained at Bozshakol mine project and from the use of local contractors following the 2015 tenge devaluation”, the company’s message said. The lowered budget…