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Bystrinsky Mining and Processing Works has received all the necessary documents to commission its construction objects. Among the largest are the processing factory, quarries, tail dumps, etc. The construction of the GOK began in 2013. The annual capacity will be 10 million tons of ore. The design capacity is expected to be reached in 2020.…
DetailsThe authorities of Sverdlovsk region have approved new residents of the Titanium Valley special economic zone. In particular, at the Salda site Ferrostar will be producing directly reduced iron with low prime cost. Investments will reach 2.3 billion rubles. When the company reaches its design capacity it will employ 80 people. (Ukrainian metal)
DetailsSeverstal has started supplying industrial batches of new product – hot-rolled strips with the size of 40×4 mm. In late November the first 100 tons of the new product were shipped to a customer. The new product manufacture was mastered at the mill-250 of Cherepovets Iron and Steel Works. The hot-rolled strip can be used…
DetailsThe Russian government has not agreed with a bill liberalizing access of private investors to large gold fields, prepared by the Natural Resources and Environment Ministry. The ministry suggested raising the threshold of reserves to qualify a field as strategic to 200 tons from 50 tons to draw private investment, because under the current law,…
DetailsGazprom was studying production potential of titanium giant VSMPO-Avisma for possible partnership, the titanium producer said in a statement on December 18 after a Gazprom delegation visited the Sverdlovsk region’s city of Verkhnyaya Salda to study VSMPO-Avisma’s production and discuss partnership. “After analyzing production potential of VSMPO-Avisma, the leader of the world’s titanium industry, we…
DetailsOn December 16 an extraordinary meeting of Norilsk Nickel shareholders was held. The shareholders approved of dividends in the amount of 604.09 rubles per ordinary share ($9.48) to be paid for January-September. The total amount of dividends reaches 95.59 billion rubles ($1.5 billion). (Ukrainian metal)
DetailsSibcable has put into operation two new high-speed winding machines. Their cost is some 320 thousand euros. The machines will operate in the shop No. 6, which produces mine and excavator cables, as well as ordinary power cables. (Ukrainian metal)
DetailsPolyus Verninskoye has fulfilled its annual output plan 3 weeks in advance. One of the reasons of such results is the increase of the gold-processing factory average capacity. Delays in its operation decreased by 200 hours. In 2018 Polyus Verninskoye mined 7024 kg of gold. (Ukrainian metal)
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