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SMS group will supply a 290-ton ladle furnace to ArcelorMittal Temirtau. The company will also supervise the assembly and commissioning of the new complex. The cost of the machinery is not disclosed. The new furnace will be put into operation in Q2 2018. (Ukrainian metal)
DetailsRussian gold producer GV Gold is negotiating acquisition of Zoloto Kamchatki from multi-industry holding Renova Group of businessman Viktor Vekselberg. Some sources say that the deal may be announced soon. Another source said that GV Gold was exploring various M&A options and Zoloto Kamchatki was among six gold companies under consideration, including Lenzoloto, a part…
DetailsExploration and development company Chaarat Gold is planning to speed up the timeline at its Tulkubash mine in the Kyrgyz Republic following an improvement in the backdrop for miners in the country. “The improving climate in the country for mining companies has been demonstrated not only by the recent license agreement signed by the Kyrgyz…
DetailsIn August Russia produced 5.6 million tons of steel, down by 5% YoY (5.585 million tons in July). In 8 months steel output totaled 46.535 million tons, down by 1% YoY. Ukraine in August decreased steel output by 5.5% YoY, to 1.8 million tons (1.81 million tons in July), with 14.114 million tons produced in…
DetailsUzbekistan signed a contract on supply of uranium to the United States. The contract is designed for 7 years and its cost exceeds $300 million. “It is a long-term contract. This is very important and significant. The total value of the contract exceeds $300 million,” said Elyor Ganiev the Minister of Foreign Trade of Uzbekistan.…
DetailsThe arbitrary court of the Altai region has dismissed the Zoloto Kuryi LLC insolvency proceedings, as the claimant – Trud LLC – has revoked its claim. In April the court granted Trud LLC the right to recover 80.5 million rubles of debts on loan from Zoloto Kuryi. In 2016 Zoloto Kuryi planned to resume gold…
DetailsIn July, according to the customs statistics, Russia exported 8.8 thousand tons of corrosion-resistant scrap valued at $7.8 million, up 2.2-fold MoM and by 4.8% YoY, as well as up 2.4-fold MoM, but down by 6.3% YoY respectively. In January-July Russia exported 47.3 thousand tons of scrap, up by 5.4% YoY. Revenue dropped by 0.4%,…
DetailsCherepovets Iron and Steel Works has completed the assembly of the loading crane in the rolling shop. “The new crane with the lifting capacity of 50/12.5 tons will be transporting rolls. The cost of the machinery is 55 million rubles”, Severstal Russian Steel CEO Vadim Germanov said. The program to replace the cranes at CherMK…
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