The commissioning of the project to develop Baimskoye copper deposits was discussed at the meeting of the KAZ Minerals chairman Oleg Novachuk and the president representative in the Far East Federal District Yuri Trutnev. The company might be granted the status of the territory of advanced development resident. This status provides for some tax preferences…
DetailsKolmar, the Republic of Sakha (Yakutia) and Baosteel Resources (China) have concluded an agreement to continue cooperation. The memorandum provides for a long-term cooperating and exports of coking coals to China. By 2021 Kolmar intends to have increased coal mining and processing at all of its enterprises to 20 million tons. The company has started…
DetailsChTPZ will buy 49.813% of shares in Eterno LLC for 5.3 billion rubles from Mountrise Limited. According to the company statement, the shares have to be paid for not later than on November 1. The deal was concluded on September 10. Eterno LLC is the joint project of ChTPZ and Rosnano to produce joint parts…
DetailsUkraine can easily solve the problem of Crimean Titanium and the environment catastrophe, which the Russian occupants have created in the town of Armyansk. For this the plant has to stop operation. “The only raw material that the company needs is ilmenite. The ore containing titanium is mined in Ukraine, and then from Odessa is…
DetailsEastern Mining Company and Marubeni Corporation (Japan) have signed a memorandum of understanding on cooperation. The companies will be developing the loading and warehouse infrastructure of the main EMC logistics hub – the coal seaport of Primorsk. EMC investment program until 2022 presupposes the development of manufacturing capacity to 20 million tons. This year the…
DetailsThe Trading House MMK LLC intends to sell 250 thousand tons of metal in Kazakhstan in 2018. Kazakhstan has become the first country where a foreign office of the company opened due both to the proximity to MMK and the developing economy of the region with high metal consumption. The first office was opened in…
DetailsIn 2018 the titanium manufacture of Chepets Mechanical Works turns 10. The company has mastered the manufacture of 300 types of products of titanium and alloys under the program of import substitution. In particular, it can produce capillary, ribbed and extremely thin-walled seamless pipes, as well as pipes with spiral ribs for reactor machinery on…
DetailsYakutugol is commissioning new machinery at its Neryungrinskaya processing factory. The company has acquired a Magnis separator and Warman sludge pumps. The cost of the new machinery is 12 million rubles. The factory operates 65 pumps and 36 separators. (Ukrainian metal)
DetailsChelyabinsk Iron and Steel Works has received a certificate for the manufacture of rails for railroads with the speed of 250 km per hour. The first deliveries are scheduled for October. The quality of rails has been evaluated in several stages. “From October we will start supplying rails to the Russian Railways. They will be…
DetailsSeverstal, Rosnano and Windar Renovables S.L. (Spain) have concluded an agreement on the creation of a joint enterprise Bashni VRS to produce steel towers for wind power turbines. They will be produced in Rostov region. Initial investments in the project will reach 750 million rubles. The share of Severstal will be 24.5%. The group will…
DetailsThe construction of the Tashkent Iron and Steel Works is scheduled to be finished in December 2019. At present metal structures are being assembled at the site. The first products are expected to be produced in spring 2020. The turnkey contract for the construction of the works valued at 287 million euro was concluded with…
DetailsCorum Druzhkovka Machine-Building Works has produced anchoring for the Pokrovskoye Mine Group. All the 200 sections have been shipped, and assembled at the new long face commissioned on August 21. The reserves of the long face are over 1.4 million tons of coal. The high quality of the anchoring allows using it at two such…
DetailsIn January-August DTEK Energo increased gas coal output by 2.5% YoY, to 15.5 million tons. In particular, DTEK Pavlogradugol mined 13 million tons of coal, on par with the last year level. DTEK Dobropolyeugol increased output by 16.7%, to 2.5 million tons. “Our task is to surpass the last year output level by 1.5 million…
DetailsIn January-June Ferrexpo invested over 1.4 billion UAH (more than $52.9 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 938 million UAH ($35.1 million), while EGOK and BGOK – 474 million UAH ($17.8 million). The projects to maintain manufacture at PGOK amounted to 333 million…
DetailsUralelectromed is constructing the second stage of the steel structures manufacture. The work is scheduled to have ended by 2019. The capacity of two stages will be 8 thousand tons of metal structures per year. The estimated cost of the second stage construction is 380 million rubles. The construction of the second stage of the…
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