The commissioning of the Baim Mining and Processing Works for one of the largest copper-gold deposits in the world – Peschanka in Chukotka – is scheduled for 2022. According to the region governor Roman Kopin, the previous date was 2024-2025. “We will see the first investments in 2018, and the project will be commissioned in…
DetailsAs of August 1, the miners team Vostok-2 has extracted 25 kg of alluvial gold on the territory of the Sakhalin region, up by 8% YoY. At present the company is operating in the northern part of the Moiga site. This month the enterprise will start prospecting at the Valza River. The estimated reserves of…
DetailsChelyabinsk Zinc Works has entered another stage of the manufacture diversification program. The first trial batch of cadmium pigments has been produced. The pigments are mostly used in coating that requires chemical stability, heat- and weather-resistance. Instead of metallic cadmium ChelZinc uses cadmium electrolyte in the manufacture of pigments, thus decreasing expenses. “The volume of…
DetailsIn January-June Russia exported 1.551 million tons of raw aluminum valued at $2.8 billion, up by 15.4% and by 32.1% YoY respectively. According to the Federal Customs Service, in June exports dropped by 34% MoM, to 272 thousand tons valued at $482.6 million, down by 34.1%. Rusal is Russia’s largest producer of primary aluminum. Last…
DetailsAlfa-Bank has provided 6 billion rubles to Seversky Pipe Works, a part of TMK. The loan has been given for 3 years. “We are grateful to the Alfa-Bank team for the speed of making the deal – in just one week. The deal will allow TMK to optimize its loan portfolio”, TMK deputy director on…
DetailsThis month Severstal will supply the first batch of hot-rolled metal to Uralmashzavod. Plates will be used in the manufacture of casting crane with the lifting capacity of 520 tons. The machine will be used at Cherepovets Iron and Steel Works. Investments in the project total 600 million rubles. The metal will be delivered via…
DetailsIn July major Russian metal companies shipped 5.28 million tons of steel and pipes via railroad, up by 5.3% YoY. Deliveries to the domestic market totaled 3.05 million tons (+0.4%), while exports grew by 12.8%, to 2.23 million tons. In January-July deliveries reached 37.62 million tons, up by 5.6% YoY. Local customers received 21.29 million…
DetailsIn January-June Tulachermet produced 1.27 million tons of pig iron, up by 3% YoY. The increase is due to the modernization of the blast furnace No. 3 in 2017, as well as the improvement of the quality of raw materials supplied to the company. Iron ore output dropped by 4%, to 2.48 million tons, with…
DetailsOn August 12 the United Mining and Chemical Company is turning 4. In four years the company has invested over 1 billion UAH in technical revamping. Payments to the budget grew from 16.9 million UAH in 2014 to 875.7 million UAH in 2017. Last year UMCC paid 321.8 million UAH of dividends to the state,…
DetailsIn January-June Dneprospetsstal steel output dropped by 0.3% YoY, while that of rolled metal grew by 0.9%. Sales increased by 1%. Net losses totaled 137.08 million UAH. Because of the losses investments have been decreased as well. In particular, in H1 the works saw 33.5 million UAH of investments, much lower than in previous years.…
DetailsIn January-June Belarus Iron and Steel Works produced 43655 tons of metal wares, having sold 43306 tons. In particular, it produced 24063 tons of metal cord, 14049 tons of bronzed bead wire, 4291 tons of brass wire and 1219 tons of other wire. Output target was 2.6% overfulfilled. Sales target was fulfilled by 102.7%. Metal…
DetailsNLMK-Ural, one of the largest bars producers, has mastered the manufacture of rolled wire with the diameter of 6.5 mm of Sv-10GN1MA steel grade. The first batch of rolled wire weighing 97 tons has already been shipped to the customer. In the past 3 months the company has mastered the manufacture of rolled wire of…
DetailsStoylensky Mining and Processing Works has put into operation a new 15-cubic meter excavator. The machine will be loading ore into railroad dump cars to be transported to the processing factory. The excavator has been purchased under the project to develop the quarry and increase quartzite output. The weight of the machine is 700 tons.…
DetailsThe chairman of the Republic of Bashkortostan Rustem Khamitov has visited the Buzdyak Works.
The works has mastered the manufacture of steel rebars.
As raw materials the company uses used gas pipes.
The capacity is up to 1 thousand tons of rebars per month. It employs 50 people. (Ukrainian metal)
MMK has delivered a trial batch of metal to Turkey via railroad Magnitogorsk – Baku – Tbilisi – Kars. Now the company is negotiating with Azerbaijani ADY Express the ways to supply up to 250 thousand tons of metal per year via this route. 4 containers with the total weight of 120 tons have been…
DetailsNatalya Evgenova, ex-manager from Metinvest Business Service LLC, has been appointed the chief accountant of Yuzhkoks. According to the CEO order dated August 3, she has been appointed from August 6 for an indefinite term. For the past 5 years Evgenova has been working for Metinvest. From September 15, 2017 till August 3, 2018 she…
DetailsIn January-July Mariupol Ilyich Iron and Steel Works increased rolled metal output by 6.3% YoY, to 1.668 million tons. According to the company statement, steel manufacture grew by 7.8%, to 1.897 million tons, and pig iron – by 18.7%, to 2.687 million tons. In July the works produced 237 thousand tons of rolled metal, 284…
DetailsIn the face of the launch of a competitive energy market in Ukraine, DTEK initiates the formation of a new innovation management function to search and implement pioneering technologies and digital solutions for clients. The company has invited Emanuele Volpe to fill the position of Chief Innovation Officer. Having graduated from the Polytechnic University of…
DetailsThe prices of precious metals in Azerbaijan decreased on August 7, according to the data published by the Central Bank. The price of gold decreased by 7.9815 manats, to 2058.0285 manats per ounce on August 7 compared to the price on August 6. The price of silver decreased by 0.1584 manats, to 26.101 manats per…
DetailsRussian aluminum giant UC RUSAL has started a temporary shutdown of electrolysis capacities of its Nadvoitsy Aluminum Smelter in the republic of Karelia due to the U.S. sanctions, a representative of the company reported. The smelter lost its sales markets and stable raw materials supplies due to the sanctions, while its products became non-demanded, as…
DetailsIzhstal has implemented an electronic system, which allows customers to check the authenticity of the quality certificates on their own. The information on certificates together with their scanned images is kept in the special database. The certificate is considered verified if there is a complete correspondence between the printed and electronic versions and there is…
DetailsIn January-June Tajikistan produced 46.7 thousand tons of aluminum valued at $99.5 million, down from 49.5 thousand tons last year. The output decrease in the past 6-7 years has to do with the drop of aluminum prices on world markets. Last year world markets were selling primary aluminum for $1892 per ton, now the price…
DetailsAccording to the agreement with the Karaganda region authorities, ArcelorMittal Temirtau will have invested 305 billion tenge in its manufacturing assets by 2020. This is the largest investment volume since 2010. The money will be invested in the output increase, product quality improvement, environment and labor conditions improvement, as well as sustainable development. In 2018…
DetailsAs the result of the coke oven battery No. 4 reconstruction Cherepovets Iron and Steel Works will decrease air pollution by 700 tons per year. The total cost of the investment contract is 6 billion rubles. In addition to decreasing pollution levels, the modernized battery will produce more coke – 460 thousand tons as opposed…
Details