Russian holding Safmar invested about $130 million in construction of the Nezhinsky ore-dressing utility in Belarus, including a mine, an ore-dressing plant, electric power generation, railway, highway, housing and other infrastructure, in January-March, Safmar said. The entire project was estimated at $2 billion and the launch was slated for early 2020. Safmar said that it…Details
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Chelyabinsk Pipe-Rolling Plant, or ChelPipe, has signed a $200-million agreement to sell more than 150,000 tons of large-diameter pipes to Turkmengaz, the company said in a statement on April 8. The pipes will be used in construction of an about 200-kilometer pipeline on the territory of Turkmenistan. The first batch will be shipped in April-June.…Details
Turkmengeologia State Corporation of Turkmenistan has discovered iron ore deposits at the “Gyzylgaya-V” area of the Chagyl deposit in the Gyzylgaya settlement of the Turkmenbashi district in the country’s Balkan region. The presence of the corresponding components in the iron ore necessary for the production of cement has been confirmed. During the geological exploration work,…Details
The Russian group of companies MetProm has carried out the first delivery of the main technological equipment to the Tashkent Iron and Steel Works (TMP). The manufacturer of the equipment delivered was the Italian concern Danieli, one of the world’s largest manufacturers of metallurgical equipment. When choosing a supplier, not only the cost of equipment…Details
Azerbaijan exported another batch of locally produced aluminum sections to Denmark on April 3. Exports were implemented on the basis of the order received by Sumgait Technologies Park (STP), one of the representatives of “Made in Azerbaijan” brand. This is the second batch of aluminum sections exported by Azerbaijan to Denmark. The first order was…Details
Metalloinvest has signed an agreement with the authorities of the Kursk region and the town of Zheleznogorsk on social and economic partnership in 2019. According to the agreement, the company will invest over 1 billion rubles. “Mikhailovsky GOK is a driver of the regional economy. In 2018 the consolidated budget of the region received over…Details
In order to expand the mineral and resource base of Kazakhmys Corporation in key regions, Kazakhmys Holding LLC has created a new prospecting company – Kazakhmys Barlau LLC. Galym Nurzhanov has been appointed the company CEO. The task of the company is to provide Kazakhmys with new deposits of copper with the combined reserves of…Details
Cherepovets Iron and Steel Works has carried out a scheduled repair of its 5000-mill in the sheet-rolling shop. The repair lasted for 6 days. Investment in the project totaled 94 million rubles. The preparation for the repair began in late 2018. (Ukrainian metal)Details
The output of Chelyabinsk Zinc Works, a major facility of the Ural Mining and Metallurgical Company (UMMC), amounted to 50,851 tons of commercial zinc, 239 tons of cadmium, and 1,729 tons of indium in January-March, the plant said in a statement. CEO Pavel Izbrekht attributed the result to upgrading. In 2018, the company invested 1.3…Details
Ormet has received a right to commission the second stage of the Djusinskiy pyrite-polymetallic ore mine. The construction lasted from March 2017 till February 2019. Investments in the project totaled some 500 million rubles. Since the start of operation Djusinskiy mine has already extracted 300 thousand tons of ore. The operation of the mine is…Details
Local market is demonstrating low demand mostly due to elections. Since mid-March sales have been very low. Plate prices are stable, while rebars have grown in price by 200 UAH per ton. In central regions 8-10 mm rebars are traded at 16,350-16,650 UAH per ton EXW. 12-32 mm rebars grew in price to 16,100 UAH…Details
Sukhaya Balka and Duferco have concluded an agreement on the delivery of iron sinter ore valued at 2.5 billion UAH ($93 million). The shareholders of the company on April 11 have to approve of the contract concluded on January 9. The shareholders also have to prolong 4 contracts on ore delivery. The value of each…Details
Volgograd Iron and Steel Works Krasniy Octyabr intends to put into operation the arc steel furnace No. 5 this month. “In March the works produced over 10 thousand tons of metal. In Q2 the capacity loading is planned on the March level. And the repaired arc furnace No. 5 will help achieve this”, the company…Details