Severstal-Metiz is now able to produce a new type of railroad fasteners – plain washer. This is an element of a modernized cleat-screw rail brace KB-65. KB is the most widely used rail brace in Russia and the CIS. Its new modification could be used on all types of railroads. “It took us just a…Details
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Investors of Makmal have transferred 5 million soms to Toguz-Toro District Development Fund, Kyrgyzaltyn reported. The final version of the agreement between Makmal Gold Company LLC and the population of Toguz-Toro district was signed in early August. According to its conditions, the investor had to transfer 5 million soms to the Development Fund. In addition,…Details
Police suspect officials from the State Service of Geology and Subsoil Use in abusing authority while holding an auction to sell the Perzhanskoye deposit. Perzhanskaya Ore Company LLC has been declared a winner with the offer of 76 million UAH. Police believe that in order to illegally receive payment from the company the officials, violating…Details
As part of measures taken to reduce the dependence of the aluminum industry of Azerbaijan on imports, Azeraluminium LLC has established useful cooperative ties and began production of aluminum molds. The metallographic structure and mechanical properties of this product comply with modern standards. The manufactured molds are already installed on conveyors and are ready for…Details
In September scrap exporters were unable to sell scrap, as they could not get the exporting licenses on time. The new order to export scrap came into effect on September 1. And the export to the countries other than the EAEU had to be quoted, with the total amount reaching 1 million tons until the…Details
In January-July Novorossijsk Sea Trade Port handled 85.162 million tons of cargo, up by 6.7% YoY. Ferrous metals accounted for 7.247 million tons, down by 5.4% YoY. The drop is due to the ferrous metals imports duties in the USA and bad market situation. Non-ferrous metals throughput decreased by 15.6%, to 0.528 million tons. At…Details
Alardinskaya mine has extracted 2 million tons of coal, the first among Raspadskaya enterprises. The coal was mined from the long face 6-1-20 put into operation in March. Last year the mine was also the first to extract 2 million tons among Evraz mines. (Ukrainian metal)Details
UGMK-OMZ has participated in the national forum during the “Import Replacement” international exhibition. The goal of the event was to discuss import replacement prospects in Russia. Under the initiative UGMK-OMZ has mastered the manufacture of copper foil for radiators and is now working to replace import products for local ferrous metallurgy companies. These are copper…Details
In 2019 Zoloto Kerbi LLC intends to extract some 350 kg of gold. This year the company is developing two alluvial gold deposits in the Salauli and Kerbi River valleys in Khabarovsk region. The washing season traditionally started in May. So far the company has extracted 280 kg of gold. Thus, the output plan has…Details
In July Russia exported 5.3 thousand tons of long-rolled aluminum, down by 0.9% MoM and by 6% YoY. Deliveries to Germany and Belarus dropped to 1.1 thousand tons and 465 tons respectively. Exports to Kazakhstan after a growth in June decreased to 581 tons. In 7 months exports totaled 38.4 thousand tons, down by 8%…Details
In July Russia imported 2.8 thousand tons of ferrochromium, up by 97% MoM and 61-fold YoY. Deliveries from Kazakhstan dropped by 3%, to 1.4 thousand tons. The same amount was purchased from Iran. In 7 months ferrochromium imports totaled 15.4 thousand tons, up by 102% YoY. In monetary terms since the start of the year…Details
Total revenues of Anglo Asian Mining PLC (AAM), a gold, copper and silver producer in Azerbaijan, in the first half of 2019 amounted to $43.3 million, up by 8% YoY. Net cash in the first half of the year amounted to $15.2 million. It is formed at the expense of cash in the amount of…Details
Uzmetkombinat will spend 30% of its net profit (21.1 billion sums) for 2017, or 488 sums for one ordinary share and 30% for 2018 – 101.9 billion sums or 2353.8 sums per share. 65.2% of net profit for 2018, or 286.4 billion sums, will be spent on the development of the company. In 2018 Uzmetkombinat…Details