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The cost of the construction of the second stage of the Pavlik Mining and Processing Works in Magadan region is expected to amount to 15.5 billion rubles. The construction started in 2012. The development of the open pit began in late 2014. The first stage was commissioned in August 2015. In 2017 Pavlik reached the…
DetailsPipe Metal Company has held an annual meeting of the shareholders. According to the company statement, it was decided to distribute 2017 net profit as dividends of 2.28 rubles per ordinary share for the total amount of 2.355 billion rubles. Ernst & Young was selected as the company auditor. (Ukrainian metal)
DetailsPolymetal International plc has put into operation a gold-processing factory at the Kyzyk deposits ahead of schedule and with lower expenses. On June 25 the first gold concentrate was obtained. The construction is expected to cost $325 million, down by 3% from the originally planned amount. The first deliveries to customers will start in late…
DetailsIn January-May Ukraine exported 6.247 million tons of metal, up by 4.2% YoY. The share of semi-finished products was 42.2% (42.1% last year), while that of flat rolled metal was 34% (33.4%) and bars – 23.8% (24.5%). 83.2% of metal manufactured was exported (83.6% in January-May 2017). The main exports markets were EU (34.8%), Africa…
DetailsSo far Russian government sees no need to buy aluminum from Rusal for state money. “What need to do this, if all the export conditions have been kept until October”, industry and trade minister Denis Manturov said. According to him, “if there are some complications, we will return to this issue”. Rusal addressed the government…
DetailsPresident of Tajikistan Emomali Rakhmon has given start to the construction of the large gold-processing factory Talco Gold, 50% of shares of which are owned by China. The constriction will last for some 18 months. The enterprise will produce 1.5 tons of gold and 16 tons of antimony per year from 2020. With the commissioning…
DetailsWithin the second stage of the automate system of technical measuring of fuel and energy resources the Kirov Non-Ferrous Metals Processing Works is assembling and commissioning various electric energy and natural gas metering devices. The system will comprise 200 metering units to allow for a more detailed control and better planning of energy resources consumption.…
DetailsSeverstal has successfully mastered the manufacture of innovative cold-resistant strips of K60 class at the mill-5000 of the sheet-rolling shop at the Kolpino site. The rolled metal can be used under extremely low (up to -42 degrees C) temperatures. Such a technique has never been used in Russia before. The rolled metal was supplied to…
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