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The reduction of uranium mining in Kazakhstan facilitated price increase for the metal, the country’s Energy Minister Kanat Bozumbayev said at a government hour in Majilis. “Today, there is an increase in supply on the world uranium market. This trend arose after the Fukushima incident in 2011 and it continues. Last year, the price of…
DetailsPrime Minister of Kazakhstan was briefed on the process automation system at EvrazKaspianStal, which allowed increased production volume and ensured high quality. The metallurgical plant is an innovative project implemented jointly with Russian partners. Company’s technical equipment and level automation meet the requirements of the Fourth Industrial Revolution “Industrialization 4.0” concept. The plant processes and…
DetailsIn the first three months of 2017, Kumtor Gold Company produced 127,400 ounces or 3962.59 kg of gold and contributed more than 2.2 billion soms in taxes and mandatory payments. Gold production for the first quarter of 2017 was 127,400 ounces compared to 86,444 ounces of gold in the comparative period of 2016. The increase…
DetailsThe Opposition block deputy Natalia Korolevskaya has put on sale the Lviv Coal Company, owner of the Chervonograd Central Processing Factory. All the key market players received offers: DTEK, Donbasenergo and the unofficial curator of the state coal industry Vitaly Kropachev, who owns three processing factories. In March the privatization of the Chervonograd Factory was…
DetailsVolynugol ordered Zakhystprom Trade LLC the delivery of filtering equipment valued at 3.23 million UAH. By the end of the year the company will have supplied 340 self-rescuers at 9500 UAH apiece. In April Lisichanskugol bought similar self-rescuers from another supplier at 8326 UAH apiece, or 12% cheaper. In Russia, according to Lvivugol, such self-rescuers…
DetailsIn January-April Electrostal produced 128.138 thousand tons of continuous cast billets, up by 57.3% YoY. According to the company statement, it exported 121.3 thousand tons of billets and sold the rest on the local market. In April Electrostal produced 33.309 thousand tons of billets and exported 29.841 thousand tons. In 2016 the company produced 326.187…
DetailsOn May 12 miners of the Zaporozhye Iron Ore Complex mined the 160-millionth ton of ore. According to the company statement, the 150-millionth ton was mined 2 years ago, on February 20, 2015. “The yield of the 160-millionth ton of ore by the Ekspluatatsionnaya and Prokhodcheskaya mines is an event that will forever be written…
DetailsIn January-March Russia exported 10.3 million tons of ferrous metals, up by 1.3% YoY. Imports of steel pipes increased by 16.1% mostly due to the growth of supplies from CIS (by 37.2%). According to the Federal Customs Service, ferrous exports were valued at $4.4 billion, up by 57.4%. Exports to far foreign countries decreased by…
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