Lithuanian and German law enforcement detained 30 suspects in operation targeting illicit traders in precious metals, with over 1 million euros seized in cash. “Coordinated measures have been taken in Germany and Lithuania, officers have seized 1.03 million euros in cash,” Darius Valkavičius, a chief prosecutor at the regional prosecutor’s office in Kaunas, Lithuania’s second-largest…Details
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Belarus Iron and Steel Works has signed agreements to supply metal products valued at $40 million to Russia. The company has participated in the MetalExpo exhibition, where the corresponding contracts have been signed. In particular, Russian companies were interested in purchasing seamless pipes, rolled wire, structural rolled metal and wire. Russia is the main importer…Details
Darasunsky Mine LLC has created an enterprise in Zabaikalye region – Talatuysky Mine LLC. The company owns 95% in the new enterprise, and Vulkan LLC – another 5%. The main activity of the enterprise is extraction of precious metals ore and sands. Darasunsky Mine LLC owns a license to mine for gold and silver at…Details
South Caucasus Railroad CEO Sergey Valko and GeoProMining president Roman Khuoliy have signed an agreement of cooperation to transport gold-bearing ore from the Sotskoye deposit to the Ararat gold-extracting factory in 2020. This year it is planned to transport 1.5 million tons of ore en route Zod-Ararat, up by 15% YoY. Next year the transportation…Details
In September Russia exported 8.2 thousand tons of copper rolled wire, down by 50.5% MoM and by 46% YoY. Deliveries to Kuwait dropped from 5.6 thousand tons in August to 3.1 thousand tons. Exports to Belarus decreased by 14%, to 1 thousand tons, and to Egypt – by 40%, to 478 tons. In 9 months…Details
Next year Electrostal Tyumeni intends to increase its portfolio of rolled metal products. In particular, the company will start producing strips and angles of lesser size. Another UGMK-Stal company – Nadezhdinsky Iron and Steel Works – has developed a program to produce quality bearing steel. The combined output of two companies is some 1.1 million…Details
Severstal intends to decrease CO and CO2 (greenhouse gas) emissions by implementing a new technique to process iron ore concentrate at Olenegorsk Mining and Processing Works. The ecological effect will be reached by increasing the quality of the iron ore concentrate produced at Olkon. High iron content allows decreasing the usage of fluxes (limestone) in…Details
Russian steelmaker Severstal has invested about 1 billion rubles in an upgrade of subsidiary Izhora Pipe Mill that would allow the plant to produce electric welded pipes with diameters starting from 508 millimeters. The upgrade’s goal is to set up production of pipes for the Yuzhno-Kirinskoye gas condensate field of Gazprom. The plant expects production…Details
In January-October iron and manganese ore railroad transportation grew by 3.2% YoY, to 57.3 million tons. According to the State Statistics Service, transportation of ferrous metals dropped by 3.4%, to 16.1 million tons. Ferrous metals scrap transportation decreased by 18%, to 2.05 million tons, and coke – by 9.3%, to 3.7 million tons. (Ukrainian metal)Details
The mining company Vesco will start developing the Pobeda refractory clay deposit in Donetsk region. The company obtained the respective license back in 2016. The quarry has the size of 30 ha. Its balance reserves are estimated at 814 thousand tons. The company intends to extract 500 thousand tons of clay per year, or 705…Details
ArcelorMittal Temirtau has carried out a project begun in 2017 to switch to the horizontal axle of hot-rolled coils transportation in the sheet-rolling shop No. 1. The new machinery will improve shipping rates and working conditions. “The direction of coiling and the operation of the coiler are carried out in the automatic mode. Previously it…Details
Russia has supported the idea of imposing antidumping duties on galvanized rolled metal originating from China and Ukraine for 5 years. Initially the department of the inner market protection of EEC suggested imposing the duty for Ukraine on the level of 23.9% and for Chinese manufacturers – from 12.69% to 17%. The investigation was initiated…Details