Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…Details
Within its investment program ArcelorMittal Temirtau purchased special machinery valued at around $1.3 million for its Orken-Kentobe mine.
In particular 4 new BelAZs have been put in operation.
“The lifting capacity of the new machines is 55 tons. They have an increased passability and are completely computerized”, Orken-Kentobe transport director Sergey Shlepkin said. (Ukrainian metal)
In Q3 Lysva Iron and Steel Works received 91.5 million rubles of net losses, with the net loss of 218 million rubles in Q2, as opposed to 182 million rubles of net profit in Q3 2016. In January-September losses totaled 366.7 million rubles as opposed to 202 million rubles of net profit in January-September 2016.…Details
In January-September Russia imported 4.988 million tons of ferrous metals, up 1.53-fold YoY. The share of far foreign countries in the total import structure was 1.794 million tons, that of CIS countries – 3.194 million tons (1.13 million and 2.118 million tons in 9 months of 2016 respectively). Ferrous metals imports not counting pig iron,…Details
In January-October Interpipe Steel produced 702 thousand tons of steel, up by 34.2% YoY. In October output totaled 52 thousand tons, down from 80 thousand tons in September. According to the company statement, in 2016 it produced 614 thousand tons of steel, up by 2% YoY. Interpipe Steel is the first iron and steel works…Details
In January-September Buryatzoloto received 437 million rubles of losses as opposed to 870 million rubles of net profit in January-September 2016. In Q3 revenue dropped by 2.5 billion rubles, or by 38.6% YoY, to 4.04 billion rubles. Buryatzoloto is the largest gold manufacturer in the Republic of Buryatia. Last year it produced 98 thousand ounces…Details
Mikheyevsky Mining and Processing Works has finished the scheduled repairs of its autogenous grinding mill (AG mill). One of the processing lines was shut down for repairs, thus the output dropped by 50%. At the same time, the repair was carried out in 64 hours instead of 84. Mikheyevsky GOK is situated at the Mikheyevskoye…Details
In January-October Evraz Sukhaya Balka produced 2.08 million tons of iron ore, up by 7% YoY. In October the works yielded 233 thousand tons of ore. On November 7 Sukhaya Balka license to mine iron ore was prolonged for 20 years. In 2016 the company produced 2.564 million tons of ore, down by 8.8% YoY.…Details
Zaporozhogneupor, the largest manufacturer of refractories in Ukraine, has successfully passed a re-certification audit of its main manufacturing shops, departments and services for the compliance with ISO 9001:2015 requirements. TÜV Thüringen e.V. (Germany) carried out the audit on November 7-10 and confirmed the correspondence of the quality management system of the works to the standard.…Details
The insolvent KVV Liepajas metalurgs could be sold in parts in case a new investor is not found. According to the minister of economy Arvil Asheradens, one potential investor has been selected who wants to test the arc furnace. The tests are planned to be complete on December 19, after that the investor will decide…Details
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has supplied transformer steel to the Siemens Transformers plant based in the city of Voronezh, Central Russia. The steel product will be used to make a transformer for Burnoye Solar-2 solar power park, which is currently under construction in…Details
PJSC ArcelorMittal Kriviy Rih will allocate 15 million UAH in social projects for Shirokovskiy district, Dnepropetrovsk region, a place where company’s mining facilities are located. The Agreement on social co-operation for social & economic development between the state administration of Shirokovskiy district, Shirokovskiy district council and PJSC ArcelorMittal Kriviy Rih has been signed by Chief…Details
PJSC ArcelorMittal Kriviy Rih has become the first full-scale mining and metallurgical enterprise in the world – the owner of two certificates of approval for the Sustainability Management System and the Responsible Sourcing System according to BES 6001 standard. These two certificates will become additional advantage for PJSC ArcelorMittal Kriviy Rih towards competitors in the…Details
Azovstal has presented a project to reconstruct the blast furnace No. 3 to decrease pollution by 80%.
The blast furnace will be completely reconstructed to allow it operating on the pulverized coal fuel. Thus the company will save gas and decrease environment pollution.
The investments in the project will total 2 billion UAH. (Ukrainian metal)
In January-October Russky Ugol (Russian Coal) mined 11.4 million tons of power-generating coal, up by 5% YoY. Amur region and Krasnodar Krai were the leaders. In particular Amur region yielded 2.7 million tons of coal, up by 8% YoY, and Krasnodar Krai – 5.1 million tons, up by 7%. The Stepnoy open-pit in the republic…Details
Severstal Steel Decisions is 10 years old. In the past 5 years the company has produced over 50 thousand tons of metal structures and built more than 1 million square meters of buildings. “We see major potential in the usage of metal structures on the market of steel construction and plan to develop in this…Details
The Uzelginsky mine of Uchaly Mining and Processing Works has received the Caterpillar R1660H load-haul-dump unit. The new machine has been purchased within the program to replace and modernize equipment. The machine will be used underground. This is the third load-haul-dump unit to join the Uzelginsky fleet this year. The cost of the 40-ton machine…Details
NLMK intends to increase its galvanized rolled metal capacities in 5 years by 28%, to 1.7 million tons, by commissioning a new continuous hot-galvanizing machine with the capacity of 450 thousand tons per year. The company also plans to increase polymer-coated rolled metal output by 36%, to 700 thousand tons per year, after it puts…Details
In January-September the enterprises of Kyrgyzaltyn produced 205.8 kg of gold in the alloy and in the cathode deposit, the press service of the company reported. According to it, 157.1 kg of gold were produced at Makmal. The forecast indicator was fulfilled by 95.6%. But in this case, compared to the same period last year,…Details
“We are preparing in 2018 to create a joint venture at Makmal,” Almaz Alimbekov, Chairman of the Board of Kyrgyzaltyn OJSC, said at a meeting of the Committee on Fuel and Energy Complex and Subsoil Use of the Parliament. According to him, now the deposit is unprofitable because of old equipment, technologies and depletion of…Details
The authorities of Zabaykalsky krai intend to create a new enterprise to process ore. As the result, the taxes to the local budget will increase by 3 million rubles per year. Investments will reach 1.095 billion rubles. In particular, the construction of premises and infrastructure objects will cost 93.6 million rubles, roads – 2.6 million…Details
TMK has started producing casing pipes with the unique TMK UP ULTRA GX thread joints. The first batch has been shipped to Samaraneftegaz, a daughter company of Rosneft. The new thread joints fully comply with ISO PAS 12835. TMK share in the segment of premium thread joints on the Russian market in January-September reached 81%.…Details
The United Mining and Chemical Company will invest 36 million UAH in its Volnogorsk Iron and Steel Works. According to the company statement, in October VGMK completed the replacement of 2 km of slurry pipeline valued at 5.2 million UAH. The company intends to go on with the project. Investments have been estimated on the…Details
In January-September the republic of Buryatia produced 266 tons of tungsten. The only tungsten manufacturer in the region is the Zakamensk company. Last year Zakamensk produced 569 tons of tungsten. In August the project of modernization of the processing machine with the capacity of 1 thousand tons of concentrate per year was approved. Investments since…Details