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In 2018-2020 Norilsk Nickel intends to produce 210-215 thousand tons of nickel of its own raw materials each year. According to the company statement, copper output is expected to total 400-420 thousand tons. Palladium and platinum production might reach 100-105 tons. Nornickel keeps the forecast for 2017 output at 206-211 thousand tons of nickel, 377-387…
DetailsMetinvest, a mining and metallurgical group, has repaid $56.7 million on new eurobonds with maturity on December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the report, this amount consists of $26.445 million interest income for the period from August 18 to November 18, $20.138 million of the…
DetailsEnergomashspetsstal will supply rolls to Mariupol Ilyich Iron and Steel Works. The agreement was concluded in October. According to the contract, EMSS will produce 22 supporting rolls with the total weight of 499 tons. The rolls will be used in the cold- and hot-rolling mills. The delivery is scheduled for Q1-2 2018. (Ukrainian metal)
DetailsThe Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation – the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are…
DetailsEvraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus). The change in the ownership took place on November 17. Drampisco and Palmrose B.V. are Evraz’s daughter companies. In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)
DetailsSL Zoloto, a joint venture between Polyus and Rostec-Business Development, has initiated a 180,000-meter survey drilling program at Sukhoi Log, the biggest gold greenfield project, in Russia’s Irkutsk region, Polyus said in a statement on November 21. “The campaign, which is scheduled to last for two years, will provide the basis for Polyus to update…
DetailsThe ex-director of the state enterprise Volynugol will pay for the damages done to an employee by illegal firing. According to the Novovolynsk city-district court, the claim of the regional prosecutors has been granted. Now the state enterprise, represented by its ex-director, has to pay 24.5 thousand UAH to the employee as the average salary…
DetailsThe ChTPZ Group has started producing a new type of long pipes of stainless chromium-nickel steel with the diameter of 20 mm, wall thickness of 2 mm and the length of 18-20.3 meters. The manufacturing process is organized at Pervouralsky Pipe Works. The first batch of pipes with the combined length of 24 thousand meters…
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