Russia: AGK to assemble new machinery

The processing factory of the Alexandrinskaya Mining and Ore Company in Chelyabinsk region has started preparing foundation for a new filter-press of copper processing cycle. The hydraulic filter-press of the new generation will allow decreasing the moisture of the copper concentrate from 12% to 8%. Investments in the project will exceed 60 million rubles. Over…

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Russia: MMSK copper output up in January-September 2018

In January-September Mednogorsk Copper-Sulfur Works produced 35366 tons of raw copper, up by 9.6% from the target. Next year the copper-smelting shop will undergo a reconstruction. In particular it is planned to repair and modernize the Pobeda smelting machine and construct the second stage of the oxygen plant. In order to reconstruct the sulfur acid…

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Russia: NLMK to raise CAPEX in 2019

Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…

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