In 2018 the Sayano-Partizansky pit, the only enterprise in Krasnoyarsk region extracting power-generating coal, has for the first time in its 15-year history reached full capacity of 1 million tons. The anniversary ton was mined on December 21. Coal output this year grew by 20% YoY. (Ukrainian metal)Details
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In 2018 Beloretsk Iron and Steel Works has mastered the manufacture of 17 new steel wares: wire, ropes and belt. Trial batches have been shipped to customers. In particular, BMK started producing steel ropes with 6 to 12 strands with the diameter of 90 mm. The company has also mastered the manufacture of stainless belt…Details
Severstal commission has determined the name for the blast furnace No. 3 at Cherepovets Iron and Steel Works to be commissioned in 2020. According to the competition, the name of Cherepovchanka (a female citizen of Cherepovets) has been chosen. It was first suggested by a coke-sinter-blast furnace department worker Elena Andrianovskaya. The commission received over…Details
NLMK Group, an international steel company, will establish personalized scholarships for the best students of MISIS National University of Science and Technology, and increase the number of on-the-job trainees from the University at its sites. NLMK and MISIS have signed a framework cooperation agreement, which will facilitate the training of qualified steelmaking professionals and contribute…Details
Crosland Global Limited, one of the main shareholders of mining giant Evraz, earlier controlled by Alexander Abramov and Alexander Frolov, has given a part of the stake in Evraz to Abiglaze Ltd., the company said in a statement on December 24. As a result of the deal, Abiglaze, owned by Abramov, now holds 298.626 million…Details
Precious metal prices varied in Azerbaijan on December 24. The price of gold increased by 8.007 manats, to 2,148.9955 manats per ounce on December 24 compared to the price on December 21. The price of silver decreased by 0.0301 manats, to 25.0449 manats per ounce. The price of palladium dropped by 34.4845 manats, to 2,108.34…Details
It is proposed to introduce a moratorium on alluvial gold mining in Kyrgyzstan, the expert, co-founder of Chatkal Development Fund, Gamal Soronkulov, declared. According to him, the extraction of alluvial gold causes serious damage to the environment. “Since 2004, we have been fighting with alluvial gold mining companies. None can prove that they benefit, none…Details
Zhezkazgan copper-smelting plant of Kazakhmys Smelting LLP has resumed work at full capacity: the second ore-smelting furnace has been launched. Since 2009, the enterprise has been operating only one furnace due to the lack of raw materials for full load. Now, after a long break, the plant has returned to full operation. “In almost ten…Details
The price of one ounce of gold increased by 37.9885 manats or by 1.79 YoY last week in Azerbaijan, to 2,121.9757 manats. The price of one ounce of silver grew by 0.3122 manats or by 1.26%, to 24.9105 manats. The price of one ounce of platinum went up by 16.4815 manats or by 1.24%, to…Details
Polymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…Details
Elgaugol LCC is assembling 2 powerful excavators at its Elga coal complex. Investments in the project totaled 1.8 billion rubles. The excavators have been produced and supplied by Uralmashzavod. The assembly of the EKG-18 excavator with the ladle size of 18 cubic meters will be complete in late January 2019, while the commissioning of the…Details
Severstal Steel Decisions is participating in several major construction projects at once. In particular, the company has won a tender to supply metal structures for the construction of the Kola Iron and Steel Company in Murmansk region. Severstal Steel Decisions also got an order to supply metal structures for the construction of a mini heat…Details
At a meeting held on December 21, NLMK Group’s Board of Directors approved updated versions of its internal corporate documents (NLMK Group’s Anti-Corruption Policy, NLMK Group’s Corporate Ethics Code, Regulations on NLMK’s HR, Remunerations and Social Policy Committee, Regulations on NLMK’s Corporate Secretary, NLMK’s Corporate Governance Code). Updated versions of NLMK Group’s Corporate Ethics Code…Details