In January-February, Irkutsk region extracted 2732.5 kg of gold, up by 17% YoY. At present only ore gold is mined. Thus, Polyus Verninskoye has extracted 1439.9 kg of gold, Vysochaishiy – 724.6 kg, Ugakhan – 409.6 kg and Druza LLC – 158.4 kg. Alluvial season will start in June. This year, some 30 enterprises will…
DetailsConstruction of the mining and processing plant on the basis of the Udokan copper deposit is the largest investment project in Zabaikalye region and one of the largest in the Far East. The Udokan deposit with the reserves of 26.7 million tons of copper is one of the largest in Russia. The plant will be…
DetailsIn 2019 Severstal with the help of large investment projects, in particular, the national project Ecologiya, decreased air pollution at Cherepovets Iron and Steel Works almost by 23 thousand tons, or by 7.7%. Investments in the project totaled 5.8 billion rubles. The project consisted of 15 stages with the expected pollution decrease of over 30…
DetailsNovocherkassk Electric Locomotive Plant has shipped an NP1 traction machine to Evraz KGOK, which manages Kachkanarsky Mining and Processing Works. The agreement to supply two machines was signed in October 2019. The NP1 traction machines have been supplied to KGOK since 2004. They are replacing the outdated OPE1 machines, produced in 1969-2002. So far the…
DetailsKarelsky Okatysh is carrying out a project to improve product quality by using lime. Investments in the project this year will amount to 550 million rubles. In particular, it was decided to modernize the MAERZ lime calcinating furnace. It was built in 1995, but never commissioned. Limestone will be delivered from the Belorucheyskoye deposit. The…
DetailsThe State Service of Geology and Subsoil has given the Krasnolimanskaya LLC 30 days to eliminated violations of subsoil use while mining. The decision was taken on February 28. The company has violated articles 24 and 51 of the Subsoil Code, which relate to the rules and obligations of the user and the order of…
DetailsIn February, Kazakhstan increased raw steel manufacture by 15.5% YoY, to 275,437 tons. In 2 months output grew by 34.3%, to 618,759 tons. Rolled metal manufacture in February totaled 154,394 tons and in 2 months – 327,511 tons, up by 37% and by 79.3% respectively. Ferroalloys output increased by 2.5% in February, to 171,563 tons,…
DetailsOskol Electrometallurgical Works has put into operation the continuous casting machine No. 3 after modernization. The modernized machine will improve the quality of the billet needed to produce SBQ rolled metal used in car manufacture and bearing industry. Metalloinvest input in the modernization reached 1 billion rubles. INTECO, Austria supplied the main machinery. (Ukrainian metal)
DetailsIn 2019 Chelyabinsk Iron and Steel Works increased rails sales to Moscow subway 4-fold YoY, to 32 thousand tons. The rails were used in the construction of the new subway lines, as well as in the reconstruction of existing lines. All the rails were supplied without holes for bolts. When creating railways, the rails are…
DetailsIn January-February, Chukotka Autonomous District extracted 3485 kg of gold and 16 tons of silver. Gold output grew by 9%, but that of silver dropped by 6% YoY. In January-February 2019 the region yielded 3206 kg of gold and 17 tons of silver. The alluvial gold season will start in June. Last year the region…
DetailsMechel has concluded a loan agreement with its company Korshunovsky Mining and Processing Works for 3.2 billion rubles. The deal amounts to 7.17% of Korshunovsky GOK assets value. The agreement was concluded on March 11. Mechel has to return the funds with interest until May 31, 2023. The interest rate has not been disclosed. In…
DetailsRevenues of UK’s Anglo Asian Mining company that operates Azerbaijan’s gold mining fields is projected at $100,000,000, the company’s CEO Reza Vaziri has said, while disclosing the company’s revenue and production guidance for 2020. “We expect that the company’s revenue in 2020 will increase significantly and exceed $100 million at current prices for precious metals.…
DetailsIn December 2019 Russia exported 64.8 thousand tons of refined copper, up by 2% MoM and by 62% YoY. Price grew from $5.7 to $5.8 per kg. Deliveries to China dropped by 17%, to 23.4 thousand tons. Russia also resumed exports to Germany (1.3 thousand tons). The Netherlands accounted for 40% of all exports –…
DetailsIn 2020-2024 Chelyabinsk Zinc Works will invest 4.6 billion rubles in environment protection. According to the company CEO Pavel Izbrecht, in 2021 a concentrate warehouse No. 2 will be constructed, which will enable decreasing pollution – dust emission when loading concentrate. In 2022 the company will construct a site to purify gases, decreasing pollution 2-fold.…
DetailsNLMK Group has launched NLMK.lab, a new internet platform, designed to attract partners for joint innovation projects. This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group’s production sites around the world. NLMK offers its…
DetailsIn 2019 Mechel-Service Kazakhstan supplied over 2.6 thousand tons of beams for the construction of a Tengiz Chevroil oil plant in Atyrau region. The project is expected to be launched in 2022. Mechel-Service Kazakhstan has supplied flanged beams manufactured by Chelyabinsk Iron and Steel Works. In the past 5 years the company has sold some…
DetailsMetalloinvest has signed a program of social and economic partnership with the government of Belgorod region for 2020. The volume of the program will exceed 8.55 billion rubles, and Metalloinvest will contribute 1.7 billion rubles. Metalloinvest is the city-forming company of Starooskol and Gubkinskaya agglomerations, accounting for a third of the region population. The money…
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