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In January-June KAZ Minerals produced 118 thousand tons of copper, up by 110% YoY. Bozshakol and Aktogay yielded the most to the result. According to forecasts, copper output at Bozshakol in 2017 will double to 95-110 thousand tons, at Aktogay it is expected to increase to 65-85 thousand tons. (Ukrainian metal)
DetailsIn January-July Amur region obtained 14.4 tons of gold, up by 24% YoY. Ore gold yielded the most – 10.79 tons, with alluvial gold at 3.61 tons, up by 28% and by 14% YoY respectively. The Petropavlovsk Group of Companies is the leader in ore gold. As to alluvial gold, Priisk Solovievsky has so far…
DetailsThe refining department of the chemical-metallurgical shop of Uralelectromed has put into operation a new induction unit to smelt gold into ingots. The cost of the machine is 2.8 million rubles. The Parallel IPT-25-10 unit has been designed at the customer order within the program of outdated machinery modernization and replacement. It can produce 2…
DetailsChelyabinsk Iron and Steel Works has received the certificate of compliance with TSI for two of its types of rails. The certification is one of the main conditions to supply rails to the European Union. The certificate covers 60E1 and 60E2 rail sections. These products are in demand in the EU where they are widely…
DetailsThe growing prices on the world market and the weakening of the ruble will be the main reasons for the increase of the metal products price on local market in September. MMK has already informed many of its customers of the price increase in September – by 10-18% on rolled metal, including coated. The seasonal…
DetailsIn January-June the share of metal and metal wares in the total export volumes to the far foreign countries reached 9.9% from 9.8% in H1 2016. The value of the exports increased by 30.8%, while their volume dropped by 3.9%. According to the Federal Customs Service, pig iron exports fell by 15.5%, aluminum – by…
DetailsThe second largest nickel manufacturer in Russia – Ufaleinickel – will stop operating. On August 7 the company shareholders voted for the liquidation of the enterprise. According to Ufaleinickel representative Olga Markina, the process will be long. The board of directors is still looking for investors, but so far there have been no agreements. As…
DetailsLisichanskugol miners have received the promised salary. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, a meeting took place between Lisichanskugol management and the miners on August 7. The managers promised to find money to clear salary debts (100% of June and April, as well as 80% for July). The…
DetailsAnglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, plans to start gold production at the Ugur field in the fourth quarter of 2017. The Ugur deposit, which was discovered in 2016, is located three kilometers to the north-west of the company’s main fields. The construction of roads to connect…
DetailsOn August 7 Lvivugol received 14 million UAH for the coal it sold. According to the department of the fuel-energy complex of the Lviv regional state administration, all the money was spent to pay salary to the miners. (Ukrainian metal)
DetailsUkrainian steelmakers in January-July exported ferrous metals worth $4.749 billion, with their share in the country’s exports at 19.91%, according to the State Fiscal Service (SFS). Exports of metal wares totaled $476.9 million, accounting for 2% of the country’s total exports, the SFS said. Ukraine shipped abroad ferrous metals worth $667.7 million in July alone,…
DetailsVyksa Iron and Steel Works has become a winner in the Russian Railroads competition. VMZ won in the nomination “Components for the rolling stock and the infrastructure” with railroad wheels made of T-grade steel. The wheels have been developed by VMZ within the cooperation program with the Russian Railroads on quality improvement. (Ukrainian metal)
DetailsEnergomashspetsstal has shipped a large hammer frame to LASCO Umformtechnick GmbH. The frame with the weight of 61 tons is a part of press-forge machinery. This is not the first hammer frame produced by EMSS for LASCO. So far 14 hammer frames have been shipped to the German customer. The companies have been cooperating for…
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