Since the beginning of 2018 Irkutsk region obtained 1044.2 kg of gold. All the metal was mined. In particular, Polyus Verninskoye mined 560.7 kg of gold. Vysochaishiy obtained 323 kg of gold. Ugakhan, Vysochaishiy’s subsidiary, produced 114 kg of gold, while Druza LLC in January yielded 46.5 kg of gold. This year all the companies…
DetailsKamensk-Uralsky Iron and Steel Works has purchased stakes in Aluminium Silicon Mill Products GmbH (Switzerland) and Aluminium Silicon Mill Products HK Ltd. (Hong Kong) under the development strategy. KUMZ and ASMP have been cooperating for a long time. ASMP is the works’ key trade and marketing representative. Having acquired stakes in ASMP, KUMZ can now…
DetailsIn 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…
DetailsIn 2017 NLMK-Metiz increased wire production by 18% YoY, to 274 thousand tons. Nails output grew by 6%, to 30.6 thousand tons, and self-tappers – to 5.8 thousand tons. “Output growth is mostly the result of our products competitiveness increase on world markets”, the company said. NLMK-Metiz is among 5 largest manufacturers of metal wares…
DetailsIn January Interpipe Steel produced 75 thousand tons of steel, up by 25% YoY, In December 2017 steel output totaled 76 thousand tons and in November – 78 thousand tons. Round billets manufacture last year increased by 38% YoY, to 850 thousand tons. Almost all steel was sold to the group own works, with just…
DetailsPJSC Magnitogorsk Iron & Steel Works (MMK) has signed a contract with SMS group GmbH (Germany) regarding the supply of equipment to be used in the reconstruction of the finishing train of hot-rolling Mill 2500 at sheet rolling plant No. 4. Under the terms of the contract, the equipment will be supplied over a period…
DetailsThe arbitrary court of the Volgograd region decided not to review the claim of the tax service on declaring Volgograd Iron and Steel Works “Krasniy Octyabr” insolvent. The tax inspection wanted the works to be declared insolvent because of its tax debts. As of December 1, 2017 the company had a debt to the budget…
DetailsAccording to the decree of the Council of ministers the list of companies that have the right to procure and process precious metals scrap and waste has been updated. One more company was included in the list, brining the total to 32. Such companies determine the terms of acceptance and submition of precious metals wares,…
DetailsLast year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites.
According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)
Trading house MMK has opened a new office in the city of Shymkent. This is the fifth site of the company in Kazakhstan. The warehouse site is equipped with 2 cranes and is situated near the highway to Astana. The site offers all the product range of MMK: hot- and cold-rolled metal, rebars, sections, coated…
DetailsIn 2018 Severstal will spend over 31 billion rubles for the development of Cherepovets Iron and Steel Works and other assets of the Russian Steel division. More than half of investments will fall on the development projects, the major being the construction of a new blast furnace No. 3 with the capacity of 2.9 million…
DetailsThis year Magadan region plans to mine 345 thousand tons of coal, up by 4.3% YoY. In January mining output totaled 46 thousand tons, up by 15% YoY. Last year the region obtained 330.9 thousand tons of coal, with 242.8 thousand tons provided by the Kolyma Coal Company and 88.1 thousand tons by the Association…
DetailsIn 2017 Russia obtained 306.9 tons of gold, up by 6.3% YoY. According to the Ministry of Finances press-service, mined gold output totaled 253.9 tons (237.8 tons in 2016), by-product gold – 16.4 tons (15.3 tons) and secondary gold – 36.6 tons (35.4 tons). Silver output in 2017 decreased by 4% YoY, to 1.044 million…
DetailsIn January the railroad deliveries from NLMK both to Russian customers and for exports totaled 1.13 million tons, up by 8.9% MoM and by 5% YoY. Moreover, this is the third highest result in 10 years (October 2017 – 1.16 million tons, March 2017 – 1.15 million tons). In January 409 thousand tons were supplied…
DetailsSevero-Kavkazskoye PGO, a part of Russia’s state geological exploration company Rosgeo, has discovered 73.79 tons of inferred gold reserves at the Dakhovskaya area of the Belorechensky structure in the southern republic of Adygeya. According to the company statement on February 14, the project is implemented under a 173.2 million ruble state contract concluded by the…
DetailsIn 2017 ArcelorMittal Kriviy Rih considerably decreased energy consumption. In particular, total power intensity was 25.231 gigajoule per 1 ton of liquid steel. This year the total energy consumption is planned on the level of 25.195 gigajoule per ton. Last year the company achieved the historical lows of electricity consumption – 4.194 billion kW-h and…
DetailsIgor Lushankin has become the new director of Severstal Distribution LLC. He has been working for 17 years as the commercial director of Midland Resources, being responsible for Zaporizhstal exports. “For the past five years he has been working in the sphere of rolled metal and raw materials supplies both to Ukrainian companies, and to…
DetailsThe public joints stock company Koks has attracted a VTB loan of 10 billion rubles. According to the company statement, the term of the loan is 7 years. The interest rate will be set depending on the term. The maximum volume of the interest rate should not exceed 20%. Koks is controlled by the Industrial-Metallurgical…
DetailsA new mini-power plant has been put into operation at the Uralelectromed enterprise – Proizvodstvo Splavov Tsvetnykh Metallov. Its capacity is 2.4 MW of electricity or 9.2 Gcal-h of hearing energy. The size of the premises is 450 square meters. Commissioning took several months. At first, by the start of the heating season, a boiler…
DetailsMajor metal companies believe that the favorable trends of 2017 will persist this year as well. Last year Russia produced 71.3 million tons of steel, up by 2.4% YoY. Rolled metal output grew slightly – by 0.7%, to 60.9 million tons. Pig iron manufacture grew even less – by 0.55%, to 52.2 million tons. It…
DetailsFor the past 10 years Severstal has decreased the volume of industrial wastes at Cherepovets Iron and Steel Works by 58%. The decrease has to do with the sale of secondary products. This helps decrease the volume of industrial wastes, accumulated at the landfill. At present the company sells over 20 types of wastes. Last…
DetailsNovosibirsk Chemical Concentrates Plant, a unit of the Russian nuclear fuel producer TVEL, exported more than 300 kilograms of metal uranium to France in 2017, Alexander Yevseyev, the plant’s director for production, said on February 13. “This is the first delivery within a large contract. The client was satisfied, and we will continue cooperation,” he…
DetailsThe mining of lead and zinc ores at the Pavlovskoye deposits in Novaya Zemlya is expected to begin in 2023. According to the Arkhangelsk region governor Igor Orlov, prospecting in the area was completed in 2017. The State commission on natural resources believes that the reserves of the Novaya Zemlya are over 47 million tons…
DetailsIn January Kimkano-Sutarsky Mining and Processing Works LLC produced 180 thousand tons of iron ore concentrate. Last year the company produced 2 million tons of iron ore concentrate and this year expects to increase output to 3.2 million tons. KSGOK is a part of IRC ltd. It was created on the basis of Kimkanskoye and…
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