Kinross Gold is preparing to start developing the Moroshka and Sentyabrskoye deposits in Chukotka. Moroshka reserves are estimated at 6.86 tons of gold and 60-70 tons of silver, enough for 2 years. Kinross Gold started operating at the Kupol deposits in 2008, and the Dvoynoy deposits are being developed since 2013. The combined reserves at…
DetailsIn 2017 Yakutugol plans to invest some 3.5 billion rubles into technical revamp of its subsidiaries. According to the manufacture director Ivan Tsepkov, investments will grow 3.5-fold YoY. This year the group has already purchased three Liebherr R9200 excavators, two Uralmash excavators and three KamAZs for its Neryungrinsky open-pit. Jebariki-Haya pit will receive equipment and…
DetailsIn January-June Beloretsk Iron and Steel Works increased sales of its premium products by 5.5% YoY. In particular, BMK sold 237 thousand tons of metal wares, up by 1% YoY. Wire, rods, sections and ropes showed the increase of 2.6-fold. Sales of steel mesh and structural shapes increased by 42% and by 34% respectively. Steel…
DetailsAfter almost 4 months of idleness Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass Corporation, has put into operation two of its blast furnaces. According to a company representative, the blast furnace No. 1M started operating on July 22, and BF9 on July 23. In several days the works will…
DetailsIn May Donetsk region decreased pig iron output by 21.7% YoY, steel – by 18.4% and rolled metal – by 24.9%. Pig iron output in January-May dropped by 13.5% YoY, to 3.4 million tons, steel – by 6.4%, to 3.5 million tons, and rolled metal – by 7.9%, to 1.9 million tons. Despite the decrease…
DetailsIn August Ukrainian metal companies intend to produce 1.7 million tons of steel. According to Ukrmetallurgprom, pig iron output is forecast at 1.4 million tons and rolled metal – at 1.6 million tons. For July Ukrmetallurgporm forecasts were: steel – 1.7 million tons, pig iron – 1.6 million tons, rolled metal – 1.4 million tons.…
DetailsThe Splav Corporation has shipped the first 30 kits of safety relief valves to Altaiwagon in advance. By December the corporation will have to supply over 200 kits of valves for new railroad cars. “One of our main goals is not only manufacture in time, but in advance. The valve manufacture is a separate production…
DetailsThe extraction of energy and coking coal in Ukraine in January-June decreased by 2.9% YoY, to 18.4 million tons, the press service of the Ministry of Energy and Coal Industry reported. According to the report, 2.37 million tons of the total volume of coal was extracted at state-owned mines, where the overall coal production for…
DetailsHead of the government Bakytzhan Sagintayev has visited LLP “KAZ Minerals Bozshakol”, which mines and extracts copper ore. The enterprise was designed to extract 30 million tons of ore per year, to produce 100,000 tons of copper concentrates, and 120,000 ounces of gold concentrates within the first 10 years. 1,032 people work here. Today, the…
DetailsVSMPO-Avisma and OAK-Zakupki LLC have concluded long-term contracts on delivery of aluminum and titanium products for major Russian aviation industry enterprises. Avisma will be supplying aluminum alloys wares till 2019 and titanium alloys wares by 2020. All the metal will be delivered to the United Aircraft Building Corporation, which includes among others Sukhoi and Irkut…
DetailsKarabashmed has started assembling the automated copper pouring machinery. To transport copper ingots to the warehouse a new turnover device and roller table will be constructed. The new machinery will be tested in early autumn, after that the whole metallurgical shop will be shut down for repairs. All the modernization work is expected to be…
DetailsThe Dneprovsky Iron and Steel Works sintering factory has resumed operation. According to the company technical director Konstantin Nesvet, in the first day the factory produced 2 thousand tons of sinter and kept putting sintering machines into operation. DMK has also put its blast furnace N1M into operation, as all the raw materials have been…
DetailsThe state enterprise Mirnogradugol (Donetsk region) has signed an agreement with the individual entrepreneur Shapko I. M. on the transportation services valued at 199.99 thousand UAH. For the past year Shapko has received orders only from Mirnogradugol, in particular it has signed 5 agreements valued at 998 thousand UAH. Four of these were just 0.01…
DetailsEnergomashspetsstal has started manufacturing a new batch of billets for Eltech (Poland). The order will be carried out under the contract concluded with Zaklad Mechaniczny ELTECH sp.z.o.o in 2011. The company will supply 12 rolls with the total weight of 90.2 tons. The rolls to be used in the construction of electric machines will be…
DetailsThis year Uzbekistan will additionally buy 50 thousand tons of rolled metal and 20 thousand tons of raw materials. The President of Uzbekistan Shavkat Mirziyoev has signed a decree “On measures to provide for additional needs of the republic in ferrous rolled metals and metallurgical raw materials”. Uzbekistan Temir Yullari (state railroad company) will import…
DetailsMetalloinvest Cyprus Ltd. intends to sell 28.38 million ADR of Norilsk Nickel, or 1.79% of the total stock.
These are all Metalloinvest shares in Nornickel.
In 2016 Metalloinvest sold 1.4% of Nornickel shares for $341.7 million. (Ukrainian metal)
Severstal – Balakovo Bar Works has shipped 2 million tons of metal. The 2-millionth ton was produced in late June.
The company produces and sells billets and construction bars. The anniversary ton of rebars No. 8 has been supplied to the metal trading company StroyMetProfil in Moscow region. (Ukrainian metal)
Alfa-Bank has provided financing of $200 million to Evraz NTMK. The loan has been issued for 6 years. “We are proud of our 10-year cooperation with one of the largest industrial groups of Russia – Evraz NTMK. When working with reliable borrowers, we are ready not only to take decisions quickly, but also provide funds…
DetailsSchneider Electric has finished modernization of the automatization and electricity supply system in the smoke exhaust department of the oxygen-converter shop of Magnitogorsk Iron and Steel Works. This allowed MMK to decrease electricity consumption by 36% and provide for faultless operation of the important technological site. “This is the first project of energy efficiency improvement…
DetailsIn June Ukraine produced 1.593 million tons of steel, down by 13% YoY. This resulted in the fall from the 13th position among world steel manufacturers occupied by Ukraine in May to the 14th. In June 67 countries produced 141 million tons of steel, up by 3.2% YoY. China leads the rating with 73.2 million…
DetailsAs part of his working trip to Pavlodar region, Prime Minister of Kazakhstan Bakytzhan Sagintayev visited the Bozshakol mining and processing complex. During the visit, CEO of Kaz Minerals PLC Oleg Novachuk told Prime Minister Sagintayev that the complex was set to produce 100,000 tons of copper annually when it reached its designed capacity. Some…
DetailsPAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has acquired from Gazprombank rights for loans and accrued interest of Metal-group LLC worth over 12 billion rubles as well as collateral for the loans. Metal-group LLC is the owner of the mining license for the central part of Yakovlevsky iron-ore…
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