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Thanks to the first stage of the Mariupol Ilyich Iron and Steel Works hot-rolling mill-1700 reconstruction, Metinvest will increase its sales of sheets to 4 million tons. “At present we produce 3.4-3.5 million tons of high-quality flat rolled metal, but now we will be able to produce 4 million tons”, Metinvest sales director Dmitriy Nikolayenko…
DetailsMetinvest has completed the first stage of the hot-rolling mill-1700 capital reconstruction at Mariupol Ilyich iron and Steel Works. “Under the project we have received a new reduction reversing stand and a better water descalling. Thanks to the reconstruction of the heating furnaces we will be able to maintain equal temperature over all the length…
DetailsIn August Russia exported 25.9 thousand tons of zinc ore and concentrate, up by 53.4% MoM, but down by 30.5% YoY. Deliveries to China grew by 60%, to 20.1 thousand tons, and to Kazakhstan – from 4.3 to 5.8 thousand tons. In January-August exports totaled 164.9 thousand tons, down by 26% YoY. In monetary terms…
DetailsNLMK Lipetsk, the flagship site of NLMK Group, has relaunched Blast Furnace No. 6 (BF-6) following a large-scale upgrade. The overhaul of the Blast Furnace No. 6 is one of NLMK Group’s Strategy 2022 key projects. As a result, the maximum output of the furnace increased by 8%, to 3.4 million tons of pig iron…
DetailsThe net profit of the Russian gold producer Polyus more than doubled to 80.802 billion rubles in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue increased by 32.3%, to 176.113 billion rubles, operating profit rose by 33.5%, to 96.387 billion rubles, and gross profit grew by 28.7%, to 110.214 billion…
DetailsSevergroup of tycoon Alexei Mordashov expects a more than 400-billion ruble support in the framework of the law of protection and promotion of investments, a representative of the group reported. “Severgroup presented projects worth more than 400 billion rubles to the workgroup for the bill, all of them will favor fulfillment of the national priorities,”…
DetailsSvyatogor, a part of UGMK, has asked the government to put up for an auction a site of the Volkovskoye deposit of tungsten-iron-copper ores, the largest in the Urals. Copper reserves are estimated at 771 thousand tons, iron – 20 million tons, tungsten oxide – 333 thousand tons and gold – 11.7 thousand tons. The…
DetailsIn 2020-2021 the geological prospecting company Russian Service Geological Service LLC intends to carry out an evaluation drilling at the Levo-Dybinskoye ore field in the Republic of Sakha (Yakutia). The ore field could contain a large-volume object (100-200 tons) of thin ores with the gold content of 1-1.5 g per ton. So far three ore…
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