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Serebro Magadana, a part of Polymetal, has started processing ore from the Verkhne-Menkeche deposits. So far the gold-extracting factory has received 350 tons of ore. This ore contains 900-1600 grams of silver per ton, as well as lead, zinc and some other minerals. There is no gold in it. The factory plans to process 45…
DetailsMagnitogorsk Iron and Steel Works has concluded an investment contract with Danieli & Officine Meccaniche S.p.A. on the modernization of the 170 two-thread mill in the bar shop. The price of the contract is 5.5 million euros. The project is expected to be concluded in 2019. The project presupposes the modernization of the cooling rolling…
DetailsChelyabinsk Iron and Steel Works has produced rails for the reconstruction of railroads near the Baikonur and Plesetsk cosmodromes. The products have been shipped to one of the Roskosmos enterprises. So far around 1 thousand tons of R65 rails have been supplied. The deliveries will continue this year. (Ukrainian metal)
DetailsSeverstal has started delivering ArmaNorma (A600C) rebars for the construction of the Akkuyu nuclear power plant in Turkey. In December 2017 the group shipped the first batch of rebars weighing 400 tons for the foundation of the power plant. Some 1.6 thousand tons of rebars more will be delivered in early 2018. “Participation in such…
DetailsRussian gold producer Polyus has cancelled an agreement to sell a 15% stake to China’s Fosun, the company said in a statement on January 15. “Polyus, the largest gold producer in Russia, notes the announcement made earlier by Polyus Gold International Limited that the agreement to sell 12,561,868 of the ordinary shares in the company…
DetailsEnergomashspetsstal has produced a batch of rolls for Azovstal Iron and Steel Works. According to the company statement, the rolls have been mechanically treated and shipped to the customer. The total weight of the batch is 315.18 tons. The rolls will be used in the bar manufacture. In 2016 EMSS received 1.497 billion UAH of…
DetailsNLMK-SAP Innovations Lab together with the National Center of Internet of Things (NCIT) have developed a pilot 3D positioning system for shop-floor employees of hot-dip galvanizing line No.1 at NLMK Group’s Lipetsk site. The system enables real-time tracking and analysis of equipment operating mode changes and employee positioning. The tracking information, amassed in a database,…
DetailsUzbek President Shavkat Mirziyoyev has approved the plan of measures in connection with the construction of a mining and metallurgical complex based on the Tebinbulak deposit. The new complex will be built by 2024. Its capacity will be up to 1 million tons of steel products per year. The country’s government approved a preliminary feasibility…
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