NLMK-Kaluga has produced 4 million tons of rolled metal. The high quality steel is used to produce some 20 types and sizes of bars and sections, as well as square billets. In early 2018 the company increased its product portfolio by adding channel. The company main customers are construction enterprises. (Ukrainian metal)Details
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Almalyk Mining and Processing Works intends to construct a new copper-processing factory. The project to be commissioned in 2022 will be developed by the Scientific-research and design institute TOMS (Russia). The institute will also help modernize two current copper factories. This year AGMK intends to attract over $180 million of investments. (Ukrainian metal)Details
Last year Beringpromugol LLC mined 600 thousand tons of coal in Chukotka. Some 400 thousand tons were exported to the APR, Japan, Korea and Vietnam. A special attention is paid to the environment and the support of the locals. In late 2018 the company concluded an agreement with the Association of the indigenous peoples of…Details
The State Service of Subsoil Use has prolonged the special allowances for ArcelorMittal Kriviy Rih to use subsoil. At two of its main quarries AMKR will be able to operate for 20 years. In particular, the license to develop the magnetite quartzite quarry No. 3 at the Valyavkinskoye deposit is valid until January 9, 2038.…Details
In January-November 2018 the Belarus Iron and Steel Works shipped $1.5 billion worth of merchandise, up by $293 million from the whole 2017, BMZ Press Secretary Alexander Olesik reported. A batch of reinforcing bars shipped to BMZ’s trading house in the Baltic States on the night of December 27-28, 2018 raised the year’s total earnings…Details
Highland Gold Mining (HGM) has no plans to change the production plan after a snow slide has hit its mine Mnogovershinnoye in the Khabarovsk region. “Works on tunnel 1 were suspended. The other tunnels of mine Mnogovershinnoye are working as usual, the plant is working as well, and the plan for ready product output remains…Details
The department of the Environment service in Chelyabinsk region has suspended the license for Nikprom LLC air pollution because of its violation. During an inspection of the company that produces aluminum, the experts have found out that the enterprise has been exceeding the limits of pollution. As a result the company license has been suspended.…Details
“Extrusion Techniques and Structures” LLC intends to become a resident of the Kaluga special economic zone. The company intends to create aluminum manufacture with the capacity of 7 thousand tons per year. The products will be used in car manufacture and construction. The enterprise will be commissioned in 2020. Investments will reach 1.26 billion rubles.…Details
Vysochaishiy has signed an agreement with Lanta-Bank to sell it 1769 kg of gold and 509 kg of silver this year. The estimated cost of the deal is 4.8 billon rubles. In January-November 2018 the company extracted 3826.9 kg of gold at its deposits. Its JORC reserves in Irkutsk region and the Republic of Sakha…Details
The Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…Details
Under an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…Details
Moody’s has increased Metinvest B.V. rating to B3 with stable outlook. According to the experts, the company rating reflects its integrated business model. In H1 2018 Metinvest provided itself with 287% of iron ore, 145% of coke and 38% of coking coal. The agency has also taken into account the debt refinancing of $2.271 billion…Details