Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first half of 2019. Kumtor Gold Company produced 301,373 ounces or 9,373.76 kg of gold and contributed more than 4.22 billion soms in taxes and mandatory payments. Kumtor produced 151,065 ounces of gold in the second quarter compared to 83,802…
DetailsZaporozhye Titanium and Magnesium Works could suspend operation over the increase of the electricity tariffs. Since July 1, with the new electricity market operating, the tariff for ZTMK has increased by 25%. Thus, expenses on electricity for the company will grow by 15 million UAH per month. The share of electricity in the company product…
DetailsIn July Zaporizhstal produced 331.9 thousand tons of pig iron, 322.3 thousand tons of steel and 263.4 thousand tons of rolled metal, all down by 26.3%, 9% and 12% YoY respectively. The decrease is due to the capital repair of the blast furnace No. 2. Investments in the repair exceeded 200 million UAH. In January-July…
DetailsThe Russian president Vladimir Putin has granted the Russian Guard and the Ministry of Defense the right to sell their scrap of ferrous and non-ferrous metals without auctions to TransLom. The products of armament and military machines cannot be sold. TransLom is the ex-RZD company. Since October 2016 its revenue increased 2-fold in 2018, to…
DetailsBogoslovsky Cable Works LLC, a joint venture of Rusal and Elca-cable, has started manufacturing cable-conductor products with the core of aluminum alloys. When the enterprise reaches design capacity it will process 4.4 thousand tons of aluminum alloys per year. Investments in the project totaled 700 million rubles. The commission of the second shop will let…
DetailsOMZ-Spetsstal has concluded a contract with MMK to produce rolls for the plate-rolling mill-4500. The contract provides for the manufacture of 4 supporting rolls with the weight of 52.3 tons, the length of around 7 meters, the barrel diameter of 1250 mm and the length of 4500 mm. The rolls have to be produced of…
DetailsSpecialists of Severo-Kavkazskoye manufacturing and geological enterprise, a part of Rosgeologia, have discovered a gold ore interval with the size of 28.4 meters and average gold content of 4.3 g per ton in the central part of the Yuzhno-Podolskoye ore occurrence in the Republic of Bashkortostan. It has been known for 40 years, but has…
DetailsUlan-Udestalmost, once largest manufacturer of metal structures over the Urals, has been put up for auction with the initial price of 755.2 million rubles. The minimum price, for which the works can be sold, is 528.7 million rubles. The lots include machinery, warehouses, manufacturing premises, etc. (Ukrainian metal)
DetailsThe repair of the sulfur acid manufacturing site has started at the Kola Iron and Steel Company. This repair is carried out each year in order to provide for the maximum capacity of the machinery. The work will last for a month. In particular, the company intends to replace 8 outdated heat exchangers with two…
DetailsAn industrial cluster is being created in Volgograd on the territory of the Khimprom works. In 2020 Volgograd Electrometallurgical Works will start operating there. The plant will produce ferrosilicon. At first the company will manufacture 24 thousand tons per year, but there are already plans to increase capacity. Some 150 jobs will be created. Investments…
DetailsDeloitte CIS has completed an assessment of MMK’s digital maturity and transformation potential as part of MMK’s digitalization strategy. The joint team applied Deloitte’s global experience to analyze MMK’s current digital initiatives and future potential. Currently, as part of the company’s Industry 4.0 initiative, MMK is implementing more than 20 projects, dozens have been completed…
DetailsNLMK Group, a global steel company, has embarked on the assembly of main process equipment to implement the stamp charging technology at its operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. Instead of the conventional top charging method, stamped charging involves feeding compacted coal briquettes into the oven horizontally. Stamping…
DetailsPrime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev held a meeting on the situation at Solton-Sary field, located in Naryn region. During the meeting, its participants heard information of the Minister of Internal Affairs Kashkar Dzhunushaliev about the incident that occurred near Solton-Sary field and the measures taken to ensure public order and security. The Head of…
DetailsThe Achinsk Alumina Refinery of Russian aluminum producer RUSAL has suspended production because of explosions on a military warehouse nearby, a RUSAL spokesperson reported. “Due to the current situation, the Achinsk Alumina Refinery has established a commanding unit for a prompt response. A decision to suspend all works and evacuate the employees has been made…
DetailsIn July a number of manufacturers decreased prices by 0.8% MoM, but increased by 3.2% since the start of the year. In January-July prices grew by 9.6% YoY, the Ministry of the national economy statistics committee reports. In particular, in mining industry prices went up by 4.4%. Since the start of the year coal has…
Details