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Metalloinvest has continued implementing its project to modernize Pellet Plant No. 3 (PP-3) at Mikhailovsky GOK. The first stage of modernization was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates from Mikhailovsky GOK and Lebedinsky GOK. As a result, PP-3’s productivity grew…
DetailsRussian gold producer Polymetal International has consolidated 100% the Nezhdaninskoye in gold ore deposit, after buying an 82.3% stake from companies owned by businessman Ivan Kulakov, Polymetal said in a report on November 29. The purchase encompassed two deals: the acquisition of 7% for $8 million in cash under a deal announced on July 17,…
DetailsNLMK-Kaluga has set a new manufacturing record – 166 smeltings with one ladle. Measures to increase the number of smeltings, together with other projects to improve manufacturing efficiency, allowed the company saving over 450 million rubles in Q3. The smelting record was set in November. The time of continuous casting was 115 hours. The total…
DetailsKyshtym Electrolytic Copper Plant has mastered the shipping and transportation of goods to the seaports of St. Petersburg and Novorossiysk using container train. Previously the company shipped cargo via railroad using groups of containers. The container train is faster (900 km per day instead of 500 km per day), as it heads directly to the…
DetailsSince the start of the year Seligdar has produced 5512 kg of gold, up by 27.7%, or by 11194 kg YoY. In July for the first time the company produced over 1000 kg of gold in one month. The increase in output is the result of investments in increasing manufacturing capacities. In July 2017 Seligdar…
DetailsYakutugol is commissioning two filter-presses and three pumps at the Neryungrinskaya processing factory. Investments exceed 37 million rubles. Each press can process 24 tons of coal mass per hour. The company plans to buy 5 more pumps shortly. (Ukrainian metal)
DetailsCherepovets Iron and Steel Works has finished the capital repair of the continuous picking machine No. 3. The repair lasted for 5 days. Investments totaled 17 million rubles. The continuous picking machine No. 3 processes some 50% of the plants metal. (Ukrainian metal)
DetailsArcelorMittal Kirviy Rih says the company is operating in normal mode and all the manufacturing processes are stable. “Managers of the supply, manufacture, railroad, automobile and marine logistics departments confirm stable operation. The railroad and automobile services are working normally, and so is our own cargo terminal “Nikmet-Terminal” in the Nikolayev Sea Trade Port, from…
DetailsPrecious metal prices varied in Azerbaijan on November 28, according to the data published by the Central Bank. The price of gold decreased by 12.3165 manats, to 2,065.0325 manats per ounce on November 28 compared to the price on November 27. The price of silver dropped by 0.1479 manats, to 24.0635 manats per ounce. The…
DetailsThe gold-extracting company the Krivbass Team LCC has finished the washing season of 2018 with 602 kg of gold. The main company accounted for the most gold – 558 kg. The rest (44 kg) was extracted by the daughter company – The team named after Berzin LLC. The company is developing alluvial gold sites in…
DetailsDespite difficulties following the accident at pipelines, the ArcelorMittal Temirtau blast furnace shop employees were able to timely finish the scheduled repair of the blast furnace No. 3. The previous repair was carried out in November 2017. Following the present repair the pig iron output will reach 5.6-6 thousand tons per day. On November 21…
DetailsAlexander Sivakov has been appointed the executive director of the Volgograd Iron and Steel Works Krasniy Octyabr. Previously he has been a deputy governor of the Volgograd region and the chairman of the economic policy and development commission. In early November the arbitrary court of the Volgograd region declared the plant bankrupt. Krasniy Octyabr is…
DetailsThe Russian government has allocated up to 10 billion rubles for the Federal Agency for State Reserves to buy up to 50,000 tons of aluminum for the state reserve, according to a ruling published on November 28 on the government’s website for disclosure of legal information. The U.S. imposed 25% import duties on steel and…
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