NLMK Group has embarked on the construction of an additional beneficiation section at Stoilensky. Three new grinding lines (vertical mills) will enable the company to have increased its concentrate output from 17.5 million tons per year 20 million tons and ore processing capacity from 37 million tons to 42 million tons by 2020, thus increasing…Details
Turkey’s Tasyapi company and the State Committee of Uzbekistan for Geology and Mineral Resources have signed an agreement on the development of two gold deposits in the Samarkand region. In accordance with the agreement, the parties will organize joint exploration and development of the Galabulak and Kushtepa fields. During four months, the Turkish company will…Details
Prices of precious metals increased in Azerbaijan on October 29, according to the data published by the Central Bank. The price of gold grew by 2.125 manats, to 2,096.3295 manats per ounce on October 29 compared to the price on October 26. The price of silver went up by 0.0633 manats, to 24.9393 manats per…Details
Experts from the State Russian Museum proceeded with the implementation of the innovative education-and-exhibition project “Living Planet in Colors and Digits” in Petrozavodsk with the assistance of the companies Severstal and Power machines. The project events will be held at the Museum of Fine Arts of the Karelian Republic. The project is aimed at artistic…Details
The price of one ounce of gold increased by 6.6895 manats or by 0.32% last week in Azerbaijan, to 2091.8262 manats. Last week the price of one ounce of silver decreased by 0.0599 manats or by 0.24%, to 24.9485 manats. The price of one ounce of platinum dropped by 18.8275 manats or by 1.34%, to…Details
Deputy chairman on Samruk Kazyna Alik Aidarbayev and the governor of the Kyzylorda region Krymbek Kusherbayev have laid the first capsule of the mining and processing works at the Shalkiya deposits. The plant is expected to produce 4 million tons of ore per year. Preparation to the construction started in May 2016. The cost of…Details
A Memorandum of Understanding (MoU) has been signed between the Ministry of Ecology and Natural Resources of Azerbaijan and AzerGold CJSC. The MoU covers the expansion and optimization of cooperation within the framework of new parameters, support for scientific and technological development, contribution to the improvement of the legislative framework in the field of geological…Details
The resident of the South Yakutia territory of advanced development – the TFM-Yakutia company – has leased some machinery to another resident – Kolmar. This will help the company increase coal output by 1 million tons per year. Kolmar needs the special machinery to mine and transport coking coal, as well as carry out construction…Details
In January-August Kazakhstan exported 1.25 million tons of rolled steel and pipes to Russia, up by 6.8% YoY. Non-alloyed flat rolled metal accounts for some 90% of the exports, of which plate steel – 58% and coated rolled metal – 29%, all up by 9.3%, 10.2% and 0.2% YoY respectively. Steel pipe deliveries grew by…Details
Metinvest has created a new enterprise – Metinvest Digital LLC. The company will be responsible for all the IT-related tasks for the Metinvest group. It is also planned to create expertise on new digital solutions and improve project starts. Sergey Detyuk has been appointed the CEO of the new company. All the staff of the…Details
An ArcelorMittal Kriviy Rih employee was injured while transporting rock. The locomotive brigade – the train driver and his assistant – were transporting the rock from the quarry. According to the official information, the assistant jumped out of the moving train and thus was injured – he broke his left arm. AMKR employees in social…Details
In January-September Kamchatka sold 16 thousand tons of coal, down by 12.5% YoY. Only one company in the region is mining coal – Palana-ugol LLC. The company is developing the Palana deposits. Last year Palana-ugol sold 20 thousand tons of coal. This year the sales are expected at the same level. The company has been…Details
The processing factory of the Alexandrinskaya Mining and Ore Company in Chelyabinsk region has started preparing foundation for a new filter-press of copper processing cycle. The hydraulic filter-press of the new generation will allow decreasing the moisture of the copper concentrate from 12% to 8%. Investments in the project will exceed 60 million rubles. Over…Details
The city of Kurgan is selling an enterprise producing door accessories and ornamental wares of metal – the Non-Ferrous Castings Works. The starting price of the whole complex is 500 million rubles. The shop premises, warehouses, land plots, special and industrial machinery, gas pipelines, shafts, transformer power plants, etc. will be sold. The total size…Details
Ural Mining and Metallurgical Company is mulling the issues of the possible increase of Chelyabinsk Zinc Works capacity following the fire at Electrozinc in the city of Vladikavkaz. “We are studying the issue of organizing temporarily ways to deliver raw materials and ship manufactured goods, including with the participation of ChelZinc. But so far we…Details
In January-September Mednogorsk Copper-Sulfur Works produced 35366 tons of raw copper, up by 9.6% from the target. Next year the copper-smelting shop will undergo a reconstruction. In particular it is planned to repair and modernize the Pobeda smelting machine and construct the second stage of the oxygen plant. In order to reconstruct the sulfur acid…Details
The Pipe Metallurgical Company has shipped a batch of corrosion-resistant casing pipes of 13Cr steel with TMK UP PF joints to Gazprom to be used at the Kirinskoye deposits.
The pipes have been successfully lowered to the shafts.
The first deliveries of TMK pipes to the deposits were carried out in 2015. (Ukrainian metal)
Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…Details
Prices of precious metals decreased in Azerbaijan on October 26, according to the data published by the Central Bank. The price of gold dropped by 8.0325 manats, to 2,094.2045 manats per ounce on October 26 compared to the price on October 25. The price of silver fell by 0.1834 manats, to 24.876 manats per ounce.…Details
In January-August Russia imported 29 thousand tons of corrosion-resistant seamless steel pipes valued at $118 million, up 2.4-fold and 1.5-fold YoY respectively. According to the customs statistics, this is the record-high result in 8 months in the past few years. Kazakhstan was the main supplier with the share of 54%. It was followed by China…Details
In August Russia exported 8.9 thousand tons of corrosion-resistant steel scrap and waste valued at $10 million, down by 24.3% YoY and by 2.8% respectively. According to the customs statistics, in January-August exports totaled 73.9 thousand tons valued at $82 million, up by 28.3% and by 47.8% YoY respectively. Scrap with the nickel contents of…Details
Belarus Iron and Steel Works has mastered the manufacture of new rebars according to ASTM A706/A706M-16 for the needs of customers from Panama. This year the company has already sold over 10 thousand tons of such rebars there. The mastering of the new rebars type at BMZ started in early 2018. In spring the first…Details
In January-September TALCO produced 72.5 thousand tons of aluminum, down by 3.6 thousand tons YoY. According to the company, the decrease is due to the capital repairs of machinery. The repair and modernization of 300 electrolysis baths is expected to have finished by the end of the year, and the growth in output will begin…Details
On October 22 Polyus Aldan reached the highest level of gold output in the past several decades.
Since the start of the year it has extracted 5 tons of gold.
“In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)