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Karelsky Okatysh is carrying out a project to improve product quality by using lime. Investments in the project this year will amount to 550 million rubles. In particular, it was decided to modernize the MAERZ lime calcinating furnace. It was built in 1995, but never commissioned. Limestone will be delivered from the Belorucheyskoye deposit. The…
DetailsThe State Service of Geology and Subsoil has given the Krasnolimanskaya LLC 30 days to eliminated violations of subsoil use while mining. The decision was taken on February 28. The company has violated articles 24 and 51 of the Subsoil Code, which relate to the rules and obligations of the user and the order of…
DetailsIn February, Kazakhstan increased raw steel manufacture by 15.5% YoY, to 275,437 tons. In 2 months output grew by 34.3%, to 618,759 tons. Rolled metal manufacture in February totaled 154,394 tons and in 2 months – 327,511 tons, up by 37% and by 79.3% respectively. Ferroalloys output increased by 2.5% in February, to 171,563 tons,…
DetailsOskol Electrometallurgical Works has put into operation the continuous casting machine No. 3 after modernization. The modernized machine will improve the quality of the billet needed to produce SBQ rolled metal used in car manufacture and bearing industry. Metalloinvest input in the modernization reached 1 billion rubles. INTECO, Austria supplied the main machinery. (Ukrainian metal)
DetailsIn 2019 Chelyabinsk Iron and Steel Works increased rails sales to Moscow subway 4-fold YoY, to 32 thousand tons. The rails were used in the construction of the new subway lines, as well as in the reconstruction of existing lines. All the rails were supplied without holes for bolts. When creating railways, the rails are…
DetailsIn January-February, Chukotka Autonomous District extracted 3485 kg of gold and 16 tons of silver. Gold output grew by 9%, but that of silver dropped by 6% YoY. In January-February 2019 the region yielded 3206 kg of gold and 17 tons of silver. The alluvial gold season will start in June. Last year the region…
DetailsMechel has concluded a loan agreement with its company Korshunovsky Mining and Processing Works for 3.2 billion rubles. The deal amounts to 7.17% of Korshunovsky GOK assets value. The agreement was concluded on March 11. Mechel has to return the funds with interest until May 31, 2023. The interest rate has not been disclosed. In…
DetailsRevenues of UK’s Anglo Asian Mining company that operates Azerbaijan’s gold mining fields is projected at $100,000,000, the company’s CEO Reza Vaziri has said, while disclosing the company’s revenue and production guidance for 2020. “We expect that the company’s revenue in 2020 will increase significantly and exceed $100 million at current prices for precious metals.…
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