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Verkhnyaya Salda Iron and Steel Works plans to start producing granulated pig iron on the basis of the Titanium Valley Special Economic Zone. Investments are estimated at 1.1 billion rubles. “In late 2020 – early 2021 a new enterprise will be created to produce high-purity granulated pig iron. Its capacity will total 40 thousand tons…
DetailsIn January-October Kazakhstan mined 92.8 million tons of coal and lignite valued at 289.5 billion tenge, down by 2.5% and by 2.8% YoY respectively. The output of coal dropped by 2.5%, to 84.8 million tons, and lignite – by 8.2%, to 4.3 million tons. At the same time the manufacture of coal concentrate grew by…
DetailsOmolonskaya Gold Ore Company, a part of Polymetal, intends to switch to solar energy. The project will be carried out at the Kubak Mining and Processing Works in Magadan region. The plant with the capacity of 2.5 MW will be commissioned in 2021. Estimated cost of the project is 300 million rubles. In spring Polymetal…
DetailsIn January-September Ukraine produced 101 thousand tons of metal structures, up by 6% YoY. The share of enterprises with the output of more than 5 thousand tons has grown. At the same time the number of enterprises with the output below 2 thousand tons has decreased. More than half of the companies demonstrated an increase…
DetailsAvdiivka Coke and Chemical Works has repaired the surgery and traumatology department of a local hospital, which now services also people from the nearby villages. The hospital was destroyed by shelling from the Russia-supported terrorists, and the doctors had to move to an old smaller building. Now they have returned to renewed premises. Avdiivka Coke…
DetailsIn January-September consumption of metal structures in Ukraine grew by 3.16% YoY, to 98 thousand tons. Output in the non-housing construction segment increased the most – by 50.5%, to $1.22 billion. Construction companies account for 80% of local demand for metal structures. (Ukrainian metal)
DetailsVEB.RF has provided the first tranche to finance development of the design documentation on the Tomtor rare-earth metals deposit. The loan agreements between VEB.RF, Vostoc Engineering and Krasnokamensk Hydrometallurgical Works were concluded in September. The total amount of the loan is 1.5 billion rubles. The Tomtor deposit is situated in the Republic of Sakha and…
DetailsThe Alardinskaya mine has become a leader in fulfilling annual output targets among Raspadskaya Coal Company enterprises. The mine has extracted 2.52 million tons of coal. Most of the coal was mined from the long face 6-1-20 commissioned in March. Monthly output amounted to 300-350 thousand tons. (Ukrainian metal)
DetailsIn January-September the demand for ChTPZ large-diameter pipes grew by 56 thousand tons, or by 2% YoY. In particular, the demand on the domestic market increased by 104 thousand tons, or by 6%, while on the CIS market dropped 3.5-fold, to 213 thousand tons. Exports to far countries went down by 39%, or by 246…
DetailsIn September Russia exported 15 thousand tons of aluminum wire, down by 4% MoM, but up by 52% YoY. Deliveries to Poland dropped 2-fold, to 940 tons, and to Belarus to 2.6 thousand tons (from 2.7 thousand in August). At the same time exports to Switzerland grew by 13%, to 4.1 thousand tons, and to…
DetailsLithuanian 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…
DetailsBelarus 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…
DetailsDarasunsky 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…
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