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In January-March, Metinvest decreased revenue by 11% YoY, to $2.536 billion. The decrease was mostly due to the drop in sale prices following global decrease, as well as the influence of the COVID-19 pandemic on the business activity and demand for steel. Revenue in Ukraine decreased by 6%, to $726 million. At the same time,…
DetailsThe President of Uzbekistan Shavkat Mirziyoyev has signed a decree to increase manufacture of non-ferrous and precious metals at Almalyk Mining and Processing Works. The project to develop the Yoshlik I deposit will be carried out in 2 stages. The first stage, in 2020-2024, sees the development of the deposit and the construction of a…
DetailsIn January-April, Sukhaya Balka decreased iron ore output by 3.7% YoY, to 875 thousand tons. In April, the enterprise produced 208 thousand tons of ore. In 2019, output grew by 0.3% YoY, to 2.727 million tons. (Ukrainian metal)
DetailsIn January-March, Vysochaishiy increased gold output by 33.2% YoY, to 2175.7 kg. The increase is due to the growth of output by 10% and the increased gold content in ore. The main increase was provided by Irkutsk region deposit: Goletz Vysochaishiy and Verkhne-Ugakhanskiy site yielded 1640.3 kg of gold. The Drazhnoye deposit in the Republic…
DetailsIn January-April, Yuzhniy Mining and Processing Works decreased iron ore concentrate manufacture by 5.5% YoY, to 3.997 million tons. Sinter was not produced in the period. In April, UGOK produced 1.074 million tons of concentrate, up by 6.7% MoM. (Ukrainian metal)
DetailsInterpipe-NTZ has replaced two of its cranes. In particular, one crane was replaced at the site of wheel finishing and another at the site of wheel manufacture. “Because of the repairs of outdated machinery, the delay in operation of both sites has increased. This was the reason for the machinery modernization”, the company reported. Investments…
DetailsSeverniy Katpar LLC has started developing a pre-feasibility study for the construction of a mine at the Severniy Katpar tungsten deposit. The study will be prepared by a local enterprise – Kazgioprtsvetmet LLC (Kazakhstan main institute of non-ferrous metallurgy enterprises design). In 73 years, the institute has participated in the development of projects for some…
DetailsSeverniy Mining and Processing Works has revealed its investment program for the year. The company intends to start hot testing of the technological line of the second stage of the cyclic and continuous technology at the Pervomaysky quarry. Three electric filters at the LURGI 552 A pelletizing machine will be replaced. This will allow decreasing…
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