According to the current development strategy of Kyrgyzaltyn OJSC, work will be aimed at transforming the company from a production enterprise into a management company with a holding structure, Chairman of the Board of Kyrgyzaltyn, Almaz Alimbekov, declared. According to him, in the future, the main areas of activity of the holding company should be…Details
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The second rolling shop of the Belarusian steel mill BMZ has made 2 million tons of products. The milestone batch of products was shipped to the Netherlands. The second rolling shop is designed to make a broad range of rolled products, section iron, reinforcing bars, and other kinds of merchandise. It was commissioned in 2015.…Details
Energomashspetsstal has shipped another batch of rolls to ArcelorMittal Temirtau. In particular, the company has shipped 8 bulk supporting rolls for cold- and hot-rolling mills. The total weight of the batch is 268 tons. The companies have been cooperating since 2010. In January the companies signed a contract according to which EMSS had to produce…Details
In February Yuzhniy Mining and Processing Works produced 985.5 thousand tons of concentrate, up by 7.6% YoY. At the same time sinter manufacture dropped by 33.6%, to 105.9 thousand tons. In January-February UGOK produced 2087.2 thousand tons of concentrate, up by 6% YoY. Sinter manufacture fell by 27.3%, to 211.6 thousand tons. (Ukrainian metal)Details
The Russian Industry and Trade Ministry may ban exports of ores and concentrates of non-ferrous metals as well as scrap and waste of precious metals from May 1 through October 31. The draft ruling’s note said that the capacities of the Russian precious metals refineries were loaded by less than 30% in 2018, while revenue…Details
Russian aluminum giant UC RUSAL expects global aluminum demand to rise by 3.7% YoY, to 68 million tons in 2019, as the market recovers from the trade wars and after supply crises of July-December 2018, the company said. In 2018, global demand for aluminum grew by 3.6%, to 65.6 million tons, and demand in China…Details
In 2018 Russia exported 5.74 million tons of scrap valued at $1660 million, up by 6.9% and by 24.9% YoY respectively. Turkey accounted for some 43% of the purchases, up by 4.9%. In December 2018 the average prices was $256 per ton, up by 2%. The share of Belarus is 24.2%, up by 4.8%, and…Details
The Ministry of Industry and New Technologies is calling on the Tajik-Iranian gold-extracting company Pakrut to increase output and processing. Since 2014 Pakrut has been fully owned by China Nonferrous Metal International Mining Co., Ltd. The first gold ingots were produced in early 2017. The same year the Pakrut mine was damaged by snow avalanches.…Details
In January Armenia decreased metal output by 5% YoY. In particular, ferromolybdenum manufacture grew by 40.9% YoY, to 486 tons, as opposed to a drop of 41.4% last year. Molybdenum concentrate output decreased by 14.1%, to 822 tons, copper concentrate – by 14.9%, to 24 thousand tons, and zinc concentrate – by 5.7%, to 729…Details
While discussing the coal industry development, the President of Uzbekistan ordered the Ministry of Finances and Energy to optimize coal prices in order to improve the industry profitability and cover investment expenses. Even with the high potential of the coal deposits, the plans to mine coal have not been met lately. The technical and technological…Details
The ChTPZ group has carried out an investment project to modernize the manufacturing complex of the cold-deformed pipes, New Prestar machinery to treat stainless pipes has been assembled at the Pervouralsky Pipe Works. Investments exceeded 15 million rubles. The new machine provides for faster and more precise cutting of pipes with diameter of 83 to…Details
The Ministry of Energy and Coal Industry is studying the possibility of purchasing mining materials from Poland. The deputy minister Anatoliy Korzun has discussed the issue with the delegation from Uta Labedy S.A. In particular, the delivery of anchoring was discussed. (Ukrainian metal)Details
Novolipetsk Iron and Steel Works is suspending sending steel slabs to its rolling works in Pennsylvania. According to the group president Oleg Bagrin, this has to do with the company failing to get its semi-finished products out of American steel import duties of 25%. More over, NLMK USA is suspending its investment program of $300-400,…Details
Zaporizhstal has put into operation a modern complex to trap industrial wastewater under the program of ecological modernization. With its help wastewater drop in the river Dnepr will decrease by 5 million cubic meters per year. Investments in the project totaled 58.5 million UAH. Since 2015 Zaporizhstal investments in environment protection allowed decreasing river pollution…Details
Energomashspetsstal has produced and shipped supporting rolls to Ilva, Italy. The total weight of the batch was 122 tons. The contract between two companies was concluded in 2018. According to the agreement, EMSS has to produce and ship 8 supporting rolls for the cold-rolling mill. So far 7 mills have been shipped. The last will…Details
The operation of Kumtor should not be stopped, mining engineer Orozbek Duisheev declared. According to him, mining industry is in critical condition. “It is necessary to change the laws, there must be independent management in order to bring the industry out of crisis. First of all, Kumtor should not be stopped, it must continue working,”…Details
Tax increase will not hinder development of the mining industry in Kyrgyzstan, mining engineer Duishenbek Kamchybekov declared. According to him, after a meeting of the Security Council, where work of deposits was discussed, the International Business Council spoke against the decision. “The International Business Council said that tax issues were burdensome for us. The tax…Details