Last 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…
DetailsIn 2017 Tajikistan set a new record in gold mining – 5.5 tons, up by 11.2% YoY. All the metal produced was purchased by the National Bank of Tajikistan. In 2016 the bank bought 4 tons of gold. This year gold output is expected to grow by 20% YoY, to 6.6 tons. In the past…
DetailsAs of February 1 Magadan region mined 1317.4 kg of gold and 51.6 tons of silver. According to the regional ministry of natural resources, gold output grew by 41.5% YoY, or by 386.6 kg. At the same time silver mining decreased by 14.6%, or by 8.8 tons. The decrease has to do with the scheduled…
DetailsSayanogorsk and Khakassk Aluminum Works of Rusal in 2017 produced 824 thousand tons of aluminum. Aluminum alloys output grew by 12% YoY, to 474 thousand tons. The increase in output was the result of a complex modernization work. “Aluminum alloys are products with high added value, thus the increase of their output is one of…
DetailsIn 2017 Izhstal increased stainless steel output by 11% YoY. According to the company press-service, stainless steel manufacture reached 17.4 thousand tons. Over 35% of this was produced by the continuous casting machine. In 2016 its share was 20%. All in all the works mastered the manufacture of over 1.8 thousand steel grades, including 300…
DetailsPJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…
DetailsRUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…
DetailsIn January Beloretsk Iron and Steel Works increased shipping of metal wares by 4% YoY, to 37.6 thousand tons. Welding wire for the manufacture of electrodes and low-carbon wire for ferroconcrete structures showed the most increase – by 64% and by 53% respectively. Wire nails sales grew by 48%. Welding alloyed wire sales increased by…
DetailsAt a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…
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