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Severin Development will carry out the Malmyzh deposit financial and technical audit for the Russian Copper Company. The availability of the professionally done technical expertise will allow attracting long-term financing to the project and control the usage of loan funds. RCC intends to construct a processing works with the capacity of 56 million tons of…
DetailsOn November 18 Trubodetal, a part of OMK, celebrated its 70th anniversary. The company is one of the largest manufacturers of metal products for the construction of fuel and energy as well as power industries objects. Trubodetal has supplied metal for the construction of the Druzhba, Bovanenkovo – Ukhta, Sila Sibiri, Blue Stream pipelines, etc.…
DetailsAggregate investment in a joint venture (JV) between metals companies Norilsk Nickel and Russian Platinum is estimated at $15 billion, Russian Platinum CEO Musa Bazhayev told president Vladimir Putin. Bazhayev also said that the platinum group metals reserves of the joint venture, which was at a final stage of establishment, would amount to 4,500 tons,…
DetailsIn January-September the Belebey Works Avtonormal received 51.7 million rubles of net profit, up 9-fold YoY. The company is mastering manufacture of new production techniques as well as applying protective coating and developing new fastener structures. Revenue dropped by 2.4%. (Ukrainian metal)
DetailsIn January-September Nordgold extracted 759.6 thousand ounces of gold, up by 12% YoY. The increase is mostly due to the commission of the Gross mine last year, which has extracted 191.9 thousand ounces, as well as the output growth at the Berezitoviy mine by 8%, to 44.3 thousand ounces. At the same time, the Bissa…
DetailsThe Vostochnaya GRE Group of Companies has finished the season having extracted 520 kg of alluvial gold, up by 27% YoY. The extraction was carried out by two daughter companies – Korolevskoye LLC and Yablonevoye LLC. This year they were operating at two sites. The season started in mid-May. The group reserves are estimated at…
DetailsAzovstal Iron and Steel Works has finished the scheduled repair of the rolling mill-3600. The repair lasted for 10 days. The work has been carried out by Metinvest-Promservice and subcontracting companies. The cost of the repair was 100 million UAH. Now the company intends to repair the continuous casting machine No. 5 in the converter…
DetailsA grant of EUR 5.7 million will be allocated to Kyrgyzstan for reclamation of two uranium tailings, the Information Support Department of the Cabinet of Ministers has reported. The First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov took part in the 4th meeting of the Donor Assembly of Environmental Remediation Account for Central Asia, held…
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