Baku Steel Company has concluded a deal worth $1.17 billion with China CAMC Engineering Co., Ltd. The agreement was signed by Deputy Director General of Baku Steel Company Mardan Aliyev and Deputy Director General of China CAMC Engineering Wang Yuhang. The document envisages the construction of the Azerbaijan Integrated Steel Mill Complex in Ganja. The…
DetailsUrangeo, a part of the state holding Rosgeologia, has started prospecting works for uranium at the Kuldur field of the Khingan plateau. The corresponding state contract was signed between Rosgeologia and the Department of subsoil use of the Far East Federal District in July. The work will be carried out in the Arkharinsky district of…
DetailsIn January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons. In 10 months the works mined 62 thousand tons of ferromanganese, up by 9.1 thousand tons. In January-October 2018 the company produced 52.9 thousand tons of ferromanganese and sold 51.3 thousand tons. (Ukrainian metal)
DetailsCherepovets Iron and Steel Works has started an active phase of the project to assemble the coil-rewinding machine with the capacity of 650 thousand tons per year. The machine, to be situated in the metal finishing shop No. 2, will be rewinding pickled cold- and hot-rolled metal coils manufactured at mills 1700 and 2000. The…
DetailsMikhailovsky Mining and Processing Works has successfully passed the integrated management system audit. The TUV SUD Management Service GmbH (Germany) experts have checked the energy management system for the compliance with ISO 50001:2011. The quality management system was check for compliance with ISO 9001:2015, labor and health safety management system – with OHSAS 18001:2007 with…
DetailsGaysky Mining and Processing Works intends by the end of the year to have mined 8 million tons of copper ore. In 2021 the company plans to reach the output of 9 million tons. “Next year the investment program of Gaysky GOK will be 10 billion rubles, and will focus on developing the mine infrastructure”,…
DetailsNLMK Group, an international steel company, has signed a memorandum on industrial cooperation with electrical equipment manufacturers from the Eurasian Economic Union. NLMK plans to promote the development of the technology to manufacture next generation energy efficient transformers from high-permeability electrical steel (HGO). The memorandum has already been signed by transformer manufacturers from Russia, Belarus,…
DetailsSociete Generale has issued a $100-million prepayment to the Russian gold producer GV Gold for gold supplies, the company said in a statement on December 6. Under the deal, GV Gold receives the full sum, and will supply about 3,000 ounces, or 93.3 kilograms of gold per month in the next three years. Payment for…
DetailsZaporizhstal has put into operation the blast furnace No. 4 after capital repairs. Investments in the project totaled some 100 million UAH. The repair lasted for 15 days. The capacity of the blast furnace is 1.1 million tons of pig iron per year. (Ukrainian metal)
DetailsIn January-November Dneprovsky Iron and Steel Works decreased rolled metal output by 0.8% YoY, to 708 thousand tons. Steel manufacture dropped by 1.5%, to 828 thousand tons, and pig iron – by 15.4%, to 800 thousand tons. In November the works produced 65 thousand tons of rolled metal, 72 thousand tons of steel and 69…
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