In December 2019 Russia imported 9.3 thousand tons of copper scrap and wastes, down by 6% MoM, but up 4-fold YoY. Deliveries from Germany dropped by 38%, to 1.5 thousand tons, and from Kyrgyzstan – from 902 to 554 tons. In 2019 imports totaled 57.6 thousand tons, up by 109% YoY. In monetary terms imports…
DetailsBritish Expertise International hosted the Mining in Kazakhstan: Roadshow London 2020 to discuss the recent reforms in the country’s mining legislation, as well as to present attractive projects to potential foreign investors. The roadshow was organized by the Embassy of Kazakhstan in the UK jointly with British Expertise International. The event’s speakers were Kazakhstan’s Vice-Minister…
DetailsMembers of the Federation of Trade Unions of Kyrgyzstan will hold a second protest rally, Chairman of the Central Committee of the Mining and Metallurgical Union Eldar Tadzhibaev has announced. According to him, nothing was achieved at the last rally on February 25, as the current chairman of the Federation of Trade Unions, Mirbek Asanakunov,…
DetailsAlmetievsk Pipe Works has mastered the manufacture of section pipes with the wall thickness of 0.8, 1 and 1.2 mm of cold-rolled steel. This thickness suits furniture structures manufacturers. The company has added new sizes of pipes to its portfolio – 15×15 and 20×20. ATZ used to produce section pipes of galvanized steel. (Ukrainian metal)
DetailsODK-PM auditors have highly evaluated the manufacturing process and the quality management system at Zlatoust Iron and Steel Works. The group of auditors visited the works in late February. The goal of the visit was to inspect the manufacture and quality management system for compliance with requirements of ODK-Perm Motors, the manufacturer of aviation engines.…
DetailsThe Ministry of Energy and Environment Protection has held a meeting with ArcelorMittal Kriviy Rih. “The deputy ministers Roman Abramovsky and Konstantin Chizhik have met with the company management to discuss investment plans and environment protection obligations. Attention was drawn to the necessity to shut down open-hearth manufacture in March and comply with requirements to…
DetailsSovkombank has organized a loan for KAZ Minerals in the amount of $1 billion. The deal was formed as pre-export financing for 4 years with the possible prolongation for 2 years. The financing has been provided by a syndicate of leading financial institutions, with Sovkombank being the only Russian bank. (Ukrainian metal)
DetailsThe Federal Antimonopoly Service of Russia has approved of the A-Property claim to buy 100% in the Elga coal project of Mechel. In particular, the company will buy 100% in Elgaugol LLC, Elga-Doroga LLC and Mechel Trans Vostoc. Mechel owns 51% in these companies, and Gazprombank – the rest. Elga is one of the largest…
DetailsThe meeting of Amurstal shareholders decided to replace the CEO of the company. As a result, Grigory Freidin, representing the largest shareholder – Moscow businessman Pavel Baulsky, has become the new director. The new management suspects embezzlement of 2 billion rubles at the company. At present the company is not operating, as there is no…
DetailsTriArc Mining is preparing to start operation at the Tomtorskoye deposit and construction of a mining and processing works in Krasnokamensk. Investments in the development of the rare-earth metals deposit in the Republic of Sakha (Yakutia) will exceed 55 billion rubles. So far the company has invested some 4 billion rubles. The capacity of the…
DetailsIn December 2019 Russia imported 87 thousand tons of manganese ore and concentrate, up by 18% MoM, but down by 50% YoY. Deliveries from South Africa grew from 29.5 thousand tons to 74.1 thousand tons, and from Kazakhstan – by 24%, to 4.7 thousand tons. Purchases from Gabon dropped by 50%, to 40.2 thousand tons.…
DetailsThe first phase of Derrick Fine Screening Technology was launched in four technological sections of the beneficiation plant on September 3, 2019. As a result, 3.7 million tons of iron ore concentrate are expected to be produced in 2020 at the fine screening technology sections. Beneficiated concentrate with increased iron content and reduced silica level…
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