Reddragmet Engineering is commissioning manufacture of tungsten concentrate of tail dumps of Bom-Gorkhonskaya Processing Factory in Zabaikalye region. The company specialists have already started assembling two processing modules. The trial commissioning is scheduled for May 15. The company plans to extract tungsten concentrate from waste. The total volume of tail dumps of the factory is…
DetailsA plant to produce tool steel is under construction in the Yurino hamlet in Mariy El. The company is being created under a priority project of investment cooperation between the republic and Chinese regions. Investments are estimated at some $5 million, with 80 million rubles already spent. The design capacity of the plant will be…
DetailsThe medium-section shop of Evraz ZSMK has produced 50 million tons of rolled metal since commissioning of its mill-450. The mill-450 was put into operation in 1976 as one of the largest rolling mills of the USSR. Now the shop produces around 600 thousand tons of construction rolled metal per year. Evraz ZSMK is the…
DetailsIn late April – early May, Ukrzaliznytsia announced new auctions to sell scrap. In particular, the company will sell 8 lots of scrap with the combined volume of 47.9 thousand tons through the Prozorro system. The first three lots, announced on April 27, will be auctioned on May 10. Another 5 lots, announced on May…
DetailsChelyabinsk Pipe-Rolling Works has purchased a part of its own shares in order to decrease its statutory fund. The price of the buyback was 114.42 rubles per share. The total number of shares reached 166,666,132. The company has to pay for the shares not later than on May 21. The seller was Pervouralsky Pipe Works,…
DetailsIn January-April, Ukraine received $3.18 billion from the exports of ferrous metals, down by 8.8% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.44% of the total exports as opposed to 22.57% last year. In April revenue from the exports of ferrous metals totaled $764.49 million. In 4 months Ukraine decreased ferrous…
DetailsThe supervisory board of Dneprospetsstal at the meeting on April 24 relieved the acting chairman Vitaly Korniyesvky of his duties from April 30. Sergey Kiyko, the first deputy, financial director, has been appointed a new acting chairman from May 1. Moreover, on April 23, shareholders completely changed the revision commission. Instead of Crascoda Holdings Limited…
DetailsBelarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia. The funds are provided to purchase raw materials among other things. The parties have been cooperating since 2012. (Ukrainian metal)
Details“Development of uranium brings more harm than economic benefits,” Orozbek Duisheev, head of the Association of Mining Operators and Geologists of Kyrgyzstan, said at public hearings on May 7. According to him, there is no uniform policy in the mining industry today. In the end, everyone does what he wants. And as the result, as…
DetailsAs of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year. The company is able to extract 70% of gold from ore with low gold content. This year Polyus Aldan will turn 95. (Ukrainian metal)
DetailsThe iron ore shop of the Mednogorsk Copper-Sulfur Works has received a new locomotive, assembled at the Shadrinsk Auto-Aggregate Works. The works started manufacturing such locomotives in early 2018. This is the fifth locomotive purchased by the MMSK to modernize its rolling stock. In 2014-2018 the works has modernized 4 locomotives. One more will be…
DetailsIn April, Russian railroad transported 107.1 million tons of cargo, down by 1.9% YoY. At the same time, in January-April, transportation grew by 0.1%, to 425.8 million tons. 39.4 million tons accounted for iron and manganese ore, up by 6.8%. Russian railroad transported 25.7 million tons of ferrous metals, down by 2.8%, as well as…
DetailsIn 2018 Kremenchug Metal Wares Works received net profit of 417 thousand UAH as opposed to net loss of 14 thousand UAH in 2017. The company net income grew by 10%, to 27.207 million UAH. Undistributed profit totaled 4.257 million UAH. (Ukrainian metal)
DetailsPrices of precious metals increased in Azerbaijan on May 7 compared to the prices on May 6. The price of gold grew by 0.5865 manats, to 2,180.5475 manats per ounce. The price of silver went up by 0.0905 manats, to 25.3462 manats per ounce. The price of platinum increased by 33.983 manats, to 1,500.3860 manats…
DetailsThere are no large deposits in Kyrgyzstan, only two medium ones – Sary-Dzhaz area and Kyzyl-Ompol placer deposit, Karybek Ibraev, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use, said on May 7 at public hearings. According to him, there are about 8,000 tons of uranium in Sary-Dzhaz area and some 13,000…
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