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In 2017 Drazhnik LLC plans to increase gold output to 350 kg. Last year the enterprise yielded 340 kg of gold. This year the company intends to start developing a new site in Yakutia. The company paid 1.1 million rubles for the license to work there. The gold reserves of the site are 700 kg.…
DetailsIn January Russia exported 237.3 thousand tons of aluminum, up by 1.1% YoY. According to the Federal Customs Service, raw aluminum exports to far foreign countries remained unchanged – 230.8 thousand tons, while that to CIS grew by 75.7%, to 6.5 thousand tons. In monetary terms raw aluminum exports increased by 25.5% YoY, to $388.6…
DetailsSeverstal has chosen Hanwha Techwin as the supplier of electric compressors to the Cherepovets Iron and Steel Works. Under the contract the supplier will also assemble and put the main machinery into operation. Assembly of compressors, pressure piping, as well as modernization of the cooling system are scheduled to be completed by the end of…
DetailsThe insurance group SOGAZ has won the tender to conclude the insurance agreement with the Cherepovets Iron and Steel Works, a part of Severstal. All the premises and buildings, machines and equipment, objects of unfinished construction will be insured. The total value of the insurance will be $18.67 billion. The objects will be insured for…
DetailsNLMK-Kaluga, the new generation electrometallurgical works and the largest producer of construction steel in the Central region of Russia, has produced the 4-millionth ton of steel. The works was put into operation in July 2013. It is capable of producing 1.5 million tons of steel and 0.9 million tons of rolled metal per year. “In…
DetailsGerdau Long Steel North America, Nucor, Keystone Consolidated Industries and Charter Steel have asked the US government to initiate an antidumping investigation on the carbon and alloyed steel wire rod imports from Ukraine and 9 more countries (Belarus, UK, Italy, Spain, OAE, Russia, Turkey, SAR and South Korea). According to the companies, in 2014-2016 wire…
DetailsIn January-February Electrostal produced 61 thousand tons of continuous cast billets. In January-February 2016 the company was idle and resumed operation in late February 2016. In February the company produced 30 thousand tons of billets. In 2016 Electrostal increased billet output by 8.9% YoY, to 326.187 thousand tons. Most of the products are exported. In…
DetailsThe Tajik Aluminum Company (TALCO) and the Russian aluminum giant, United Company Russian Aluminum (RusAl), have reached an amicable agreement. According to the TALCO press center, TALCO and RusAl signed an amicable agreement in Moscow on March 23. The sides reportedly accepted that there were no unresolved disputes between them. Meanwhile, a source in the…
DetailsAt the order from Evraz NTMK, Energomashspetsstal will produce working rolls for hot-rolling, axles and rims of the ball-rolling mill. The company will produce and supply 193 units of equipment with the total weight of 163 tons. The contract will be completed in Q3-Q4. In March the company also signed a contract with Evraz ZSMK…
DetailsRussian aluminum giant UC RUSAL has launched a $19.8 million rolling mill Properzi at the Kandalaksha aluminum smelter, which will produce up to 50,000 tons of value-added products, the company said in a statement on March 28. The facility will produce different types of rolled steel with diameters of 9.5-25 mm. Before the launch of…
DetailsThe ChTPZ group has delivered a batch of compressor-pump pipes for the arctic oil extraction at the Prirazlomonye deposits. The unique products were manufactured at the Pervouralsk Pipe Works. The batch includes 115 tons of sulfuretted hydrogen-resistant pipes of the high strength group with premium joints ChT-VT and ChT-VC. “The special climate conditions of the…
DetailsSeverstal has started producing immersion and bored piles of metal longitudinal welded pipes. Such piles are used in construction of infrastructure objects, as well as in the oil-and-gas industry. The company has already received the first order. 1.5 thousand piles will be delivered to Arcticgaz for construction of the oil pipeline. The first batch will…
DetailsThe State Property Fund of Ukraine intends to sell several mines this year. 5 mines are being made ready for privatization, according to the fund chairman Igor Bilous. “There are some 5 objects. The mines to be privatized are complex and economically burdened objects. There is a special law on mine privatization. They do not…
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