Russia: Mechel rents 10 BelAZs

Mechel has rented 10 BelAZ dump trucks within the agreement with the State Transport Leasing Company. According to Mechel statement, the total cost of the agreements is 900 million rubles ($14.5 million). The new machinery with the lifting capacity of 90 tons has already been transported to Korshunovsky Mining and Processing Works. 6 dump trucks…

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Russia: MMK output up in Q1 2018

In January-March MMK produced 3.147 million tons of steel, up by 2.7% YoY, but down by 4.4% QoQ. Pig iron output grew by 1.3% YoY, but dropped by 9.4% QoQ, to 2.404 million tons. Metal sales increased by 1.6% QoQ, to 2.83 million tons. Coal concentrate manufacture at MMK-Ugol reached 666 thousand tons, down by…

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Russia: MMK Trading House welcomes members of the Russian Union of Metal and Steel Suppliers to its warehouse complex in Ufa

Representatives from MMK took part in the round table on “The Market of Metals and Metal Structures in the Volga and Southern Urals”. About 70 managers and specialists in metallurgy, metal trading, steel service centers (SSCs), and manufacturers of metal products and structures were invited to the two-day event organized by the Russian Union of…

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Russia: VTB buys 10.7 tons of gold in Yakutia

In 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia).

Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY.

VTB is a leader in Russian gold purchases. (Ukrainian metal)

Russia: gold output in Zabaykalye region up in Q1 2018

In Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY.

Tungsten concentrate output totaled 215.54 tons.

Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively.

Coal mining totaled 5655 tons. (Ukrainian metal)

Russia: KMEZ introduces new copper wire rod packing scheme

Kyshtym Electrolytic Copper Plant is improving the quality of packaging.

The new scheme of copper wire rod packaging prevents damage in transit.

The novelty has to do with the increase of the coil compression, which makes it more compact. Such coils are less subject to vibration in transit, and thus, to damages. (Ukrainian metal)

Russia: Nornickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…

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