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Armet LLC, a part of Anglo Russian Gold Ltd., will construct a mine with the capacity of 1.5 tons of gold per year at the Archiyskoye deposits. Investments into the construction of the mine with the ore processing capacity of 1.05 million tons will total 4.222 billion rubles. The public hearings of the project are…
DetailsThe pipe works ArcelorMittal Tubular Products Aktau will create a new shop to produce steel pipes with corrosion-resistant insulation. The company will produce 24-meter pipe sections, which will decrease the welding volume and improve its quality, as the welding will be done at the plant. The project will also increase the Kazakhstani share – 80%…
DetailsIn January-June KAZ Minerals produced 118 thousand tons of copper, more than doubling the previous results (56 thousand tons). In Q2 the group produced 66 thousand tons of copper, with 52 thousand tons produced in Q1. In H1 the group mined 34.4 million tons of ore, up by 56% YoY. Ore processing increased 3.8-fold, and…
DetailsKyshtym Electrolytic Copper Plant has started making the foundation for 2 additional series of electrolysis baths. The assembly of the first equipment should end by 2018. Two new batches of baths (40 baths each) will be assembled under the investment project to increase the copper cathode output. In 2017-2018 KMEZ intends to equip the copper…
DetailsOn July 27 Dneprovsky Iron and Steel Combine resumed steel smelting in its converter shop. The first smelting was carried out at the continuous casting machine. The blast furnace shop is expecting concentrate and sinter ore delivery. The blast furnace No. 9 is being blown. (Ukrainian metal)
DetailsThe Kharkiv Works “Corum Svet Shakhtera”, a part of Corum Group, has for the first time produced 3 transformer substations for the Mine named after Space Heroes of DTEK Pavlogradugol. According to Corum, the substations will lower the energy losses of the mine by 2-5%, and because of the quality materials and the manufacture control…
DetailsIn January-June Rusal decreased aluminum output from 1.835 million tons to 1.832 million tons. Aluminum manufacture in Q2 increased by 1.2% QoQ, to 921 thousand tons. In H1 Rusal increased aluminum sales by 3.8% YoY, to 1.987 million tons, with Q2 sales up by 1.7% QoQ, to 1.002 million tons. The average sales price in…
DetailsIn January-June Karelsky Okatysh produced 5.503 million tons of pellets, up by 0.6% from the target. In Q2 the company sold 2.88 million tons of iron ore pellets, up by 12% QoQ. (Ukrainian metal)
DetailsThe ore-preparing complex of Gaysky Mining and Processing Works processing factory has started constructing the ore-loading unit with the receiving bin. At present the warehouse operates 5 ore-loading units. The construction of the 6th unit is the final step of the processing factory expanding project. The unit is expected to be put into operation in…
DetailsSince the start of the year the Raspadskaya miners have yielded 4 million tons of coal, becoming one of the first in Kuzbass to reach the result in just less than 7 months. The mine’s average monthly output is 420-700 thousand tons of coal. This year’s goal is 5.5 million tons of coal. (Ukrainian metal)
DetailsThe metal companies of the South of Russia have addressed the federal authorities asking them to impose an environment tax on scrap exports. They believe this idea does not contradict the WTO norms and will have a triple positive effect: it will support local scrap processors, bring additional money to the regions and will help…
DetailsChelyabinsk Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. According to the company statement, its blast furnace shop includes 3 furnaces with the combined capacity of 3.5 million tons of pig iron per year. In Q1 ChMK received 950.3 million rubles of net profits, up 2.3-fold YoY, having…
DetailsIn Q2 revenue grew by 18% QoQ, to $2.54 billion, driven by a 14% QoQ increase in sales and an improvement in the product mix (a 20% growth of finished product sales), against the backdrop of a fall in steel product prices. Q2 EBITDA eased by 2% (growth by 31% YoY), to $603 million following…
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