Kyshtym Electrolitic Copper Plant has prepared a site for the construction of two additional rows of electrolyses bathes (40 bathes in each row). All the unnecessary equipment has been disassembled. The next stage is creation of the foundation. The KMEZ copper electrolyses shop capacity will increase from 120 thousand tons to 140 thousand tons of…Details
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The ChTPZ group and Rostselmash have signed a cooperation agreement. The contract is valid till 2019 and makes ChTPZ the main supplier of pipes. The group will supply not less than 90% of pipes for Rostov Press Works, a part of Rostselmash. (Ukrainian metal)Details
Russia’s Aluminum Association and the aerospace branch of aluminum producer RUSAL will jointly promote seats manufactured by Vemina Aviaprestige, the association said in a statement. The companies have asked the Federal Air Transport Agency, Rosaviatsia, to appeal to the European Aviation Safety Agency (EASA) and FAA for certificate approval of the Russian-manufactured seats, which will…Details
In January-April Central Mining and Processing Works produced 674 thousand tons of pellets, down by 19% YoY. According to a company representative, iron ore concentrate output dropped by 11.4%, to 1.536 million tons. In April CGOK produced 67 thousand tons of pellets and 385 thousand tons of concentrate, down from 200 thousand tons of pellets…Details
Belarus is ready to help Sudan and Egypt with extracting gold and other mineral resources, Belarusian Natural Resources and Environmental Protection Minister Andrei Kovkhuto declared. The relevant matters were discussed as a delegation of the Belarusian Natural Resources and Environmental Protection Ministry visited Sudan and Egypt. Among other things the sides discussed the possibility of…Details
A representative of the Swiss company “Argor-Heraeus SA”, one of the biggest refining companies of the world with which “AzerGold” Closed Joint-Stock Company is working, has visited Azerbaijan. The purpose of the visit was to get more acquainted with the Azerbaijani company’s operations. The Argor representative has been to Chovdar Ore Processing Area located in…Details
The Belarusian president Alexander Lukashenko has signed a decree to increase the number of deposits to be given into concession to investors. According to the document, signed on May 30, three more oil deposits have been included in the list. Now the list has 15 objects, including precious metals deposits of Zuberovo in Minsk region.…Details
Metinvest demands the reimbursement of VAT for 2016 for the works, the control over which was lost in mid-March. According to the group statement, the state debt on VAT reimbursement to the companies on the uncontrolled territories of Donbass stands at $35 million. At the same time, Metinvest claims that in 2016 VAT reimbursement to…Details
The development of the Amulsar gold deposits is the largest investment project of Armenia. Total investments in the project will reach some $370 million. 570 builders are involved in the construction work, with 280 being locals. The mine will create 700 jobs. The project started in August 2016, while preliminary work began in 2006. The…Details
ArcelorMittal Temirtau has put into operation 4 new heading machines at its mines. In particular, the machines were sent to the Abaiskaya, Kazakhstanskaya, Shakhtinskaya and Kostenko mines. The total cost of the heading machines exceeded 650 million tenge. This year the company plans to invest even more in the development of all its 8 mines.…Details
According to the analytical center of the Ukrainian Mining and Metallurgical Company, in January-March Ukraine received 1 million tons of rolled metal (1.1 million tons with pipes), up by 10.2% YoY. Imports increased by 5.4%, to 0.16 million tons. The share of imports decreased to 16.7% from 17.5% in Q1 2016. The delivery of angles…Details
Russian gold-mining company Polyus has signed an agreement to sell 10% (12.56 million) shares to the Consortium of investors chaired by Fosun International Ltd. The price of the purchase is $70.6 per share. Within the agreement the company has also provided the Consortium with an option to buy additional 5% of shares at $77.66 per…Details
Severstal has been selected the supplier of rolled metal till August to Renault-Nissan. The Cherepovets Iron and Steel Works sheet will be used in production of cars. “In 2016 CherMK put into operation a cold-rolling mill, which would improve the quality of the cold-rolled metal and would produce wider sheet”, Severstal Management sales director Evgeniy…Details