Russia: KMEZ assembles new cranes in copper foil shop

Kyshtym Electrolytic Copper Plant has assembled two bridge remote-controlled cranes in its copper foil shop, which is currently under construction.

The new machinery with the lifting capacity of 10 tons was produced by Verta.

When the two cranes are commissioned, the two old 5-ton cranes will be disassembled. (Ukrainian metal)

Ukraine: State Fiscal Service has claims to Metinvest GOKs

On May 15, the Dnepr District Administrative Court opened a case on the Severniy Mining and Processing Works demanding the Office of major taxpayers of the State Fiscal Service to cancel its decision to increase income tax by 112.8 million UAH. Central GOK sues the office because of the tax increase by 106.1 million UAH.…

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Ukraine: mechanic perishes at Azovstal

A mechanic-repairman has perished at Azovstal.

On May 17, he was replacing an electric engine on the third floor of the coke shop. As a result of a hit by an 8-meter long pipe he died.

The prosecutor’s office is investigating the accident. (Ukrainian metal)

Russia: Zimovichi to extract 150 kg of gold

This year Zimovichi intends to extract 150 kg of alluvial gold.

This volume is on par with the previous year output.

The company will be operating at three sites – in the Amunakit, Verkhnyaya Larba and Tynda river valleys.

The washing season has not started yet because of the low temperature. (Ukrainian metal)

Russia: Stangold keeps gold output volumes unchanged

Stangold LLC has started the washing season and intends to extract 60 kg of gold.

According to the company, output has remained unchanged since 2017.

Since 2011 the company has been annually developing the alluvial gold sites at the Verkhniy Sirik Brook.

Reserves are estimated at 96.8 kg of gold. (Ukrainian metal)

Ukraine: AMKR updates automation system at Light Section Wire Rod Mill No. 6

ArcelorMittal Kriviy Rih has completed modernization of the automation control system of Light Section Wire Rod Mill No. 250/150-6 in the Rolling Shop No. 3. There the company produces bar and coil rod with diameter from 5.5 up to 32 mm. The initial project price was estimated at UAH 48 million, but actual costs amounted…

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Russia: VTB raises stake in Polymetal after repo deal

Russia’s second biggest lender VTB has raised the stake in Polymetal International plc to 5.15% from 0.16% as a result of a repo deal, the bank said.

The deal took place on May 14. (Prime/Ukrainian metal)