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The State Expertise Service of Russia has approved the construction of a gold-extracting factory at the Teutedzhak deposit in Magadan region. Reserves are estimated at 16.596 tons of gold and 12.2 tons of silver. The size of the ore site is 14.6 square km. The design capacity of the factory will be 1 million tons…
DetailsThe regional subsidiary of Ukrzaliznytsia – Odessa Railways – has ordered Metinvest-SMC LLC the delivery of rails valued at 35.47 million UAH. This year, the company has to supply 1040 tons of R-65 rails of category 2 with the length of 25 meters produced not earlier than in 2021 at 34,104 UAH per ton. The…
Details70% of Interpipe employees have been vaccinated. In November-December, the company intends to vaccinate 10% more. Interpipe believes that the herd immunity is the only protection from Covid-19. The company has introduced a special motivation for those who complete vaccination. Each employee with the green certificate receives another for a product network valued at 300…
DetailsIn January-September, Avdiivka Coke Chemical Works received a net profit of 4.26 billion UAH as opposed to a loss of 381.61 million UAH last year. EBITDA totaled 5.19 billion UAH, up from the loss of 465.38 million UAH. Net income grew by 51.4%, to 18.84 billion UAH. Undistributed profit as of late September amounted to…
DetailsIn January-October, ArcelorMittal Kriviy Rih increased pig iron manufacture by 13.9% YoY, to 4.57 million tons. Steel output grew by 8.9%, to 4.17 million tons, and rolled metal – by 5.4%, to 3.9 million tons. In October, AMKR produced 400 thousand tons of rolled metal, 410 thousand tons of steel and 405 thousand tons of…
DetailsIn October, Azovstal mastered the manufacture of 4 new types of metal under special orders. In particular, for a customer in Belgium the company has produced slabs with corrected chemical composition taking into account requirement to impurities color, while some have been produced with lower nitrogen content. Two steel grades – 2626 and 1611 –…
DetailsIn October, Yuzhniy Mining and Processing Works produced 1190.8 thousand tons of iron ore concentrate, up by11.3% YoY. In particular, the KZ concentrate accounted for 233.3 thousand tons and KZV – 957.5 thousand tons. Since the start of the year, the company has produced 10726 thousand tons of iron ore raw materials, up by 2.3%…
DetailsThe Zangezur Copper and Molybdenum Combine (ZCMC) will transfer 3.75% more of its shares to the Armenian government. It was reported in early October that the government had agreed to accept as a gift 15% of ZCMC shares. GeoProMining Armenia, a subsidiary of the Russian company GeoProMining, was later revealed to be the new shareholder…
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