According to the Ministry of economic development, in September the metallurgical manufacture index increased by 0.5% YoY, but dropped by 3.2% MoM. In particular, pig iron output increased by 4.9% YoY, stainless steel by 0.3%, non-alloyed steel by 0.4%, alloyed steel by 4.6%, rolled metal by 1.6%, seamless stainless steel pipes by 27.9%, compressor-pump pipes…
DetailsNordgold has announced plans to start a new project in 2022 – gold extraction at the Uryakh deposits in Irkutsk region. As of 2017 the deposits reserves are estimated at 2.1 million ounces with gold content of 3.4 g per ton for open-pit mining and 2-3 million ounces for underground mining. License for gold mining…
DetailsKyshtym Electrolytic Copper Plant intends to continue modernization. In particular, the company wants to completely switch to electrolysis bathes made of polymer concrete. This material is long lasting (up to 25 years), resilient and easy to use. “Now the copper electrolysis shop has ferroconcrete bathes. Every 5 years they need their lining replaced, and every…
DetailsPearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Russian steelmaker Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building, a financial source reported on November 8. The cost of the stake is estimated at about $276 million, or 16.341 billion rubles…
DetailsPJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q3 our nickel production increased by 10%, as Talnakh Concentrator reached its design…
DetailsCherepovets Iron and Steel Works has obtained a Lithuanian certificate for B500B steel with the diameter of 10-32 mm for concrete reinforcing. According to the company statement, its rebars have been certified to LST EN 10080:2006. “Thanks to the certification Severstal will expand the geography of supplies and increase its efficiency with the help of…
DetailsIn January-October DTEK mines produced 18.8 million tons of G-grade coal, up by 9.2% YoY. According to the company statement, in October DTEK Pavlogradugol and DTEK Dobropoplyeugol increased output from 1.8 million tons in September to 1.9 million tons. In 9 months DTEK invested in the development of the manufacture some 3 billion UAH. (Ukrainian…
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