Russian Copper Company has finished modernization of the copper wire rod manufacture at the Kyshtym Electrolytic Copper Plant. Within the project a casting machine has been replaced, and a new Southwire breaking-down rolling mill has been assembled, as well as auxiliary equipment. The project allowed increasing the copper wire rod line capacity from 13 tons…Details
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Beloretsk Iron and Steel Works has implemented the electronic workflow with its customers. The system has proved efficient in the tests with RZhD Trading House. The electronic workflow decreases time to deliver documents and expenses on posting and paper, as well as speeds up operation. So far the electronic workflow has been implemented with a…Details
Krasniy Octyabr Iron and Steel Works is constructing a new Danieli dry gas cleaning system. The construction is carried out according to the schedule. The first stage of the foundation pit creation has been complete. The concrete works have been performed in 23 hours, with 605 cubic meters of concrete laid. The next stage is…Details
In January-June Karelsky Okatysh produced almost 5.6 million tons of pellets. In Q2 pellets output grew by 31% QoQ, to 3.12 million tons. “The first half-year was finished with very good results. We not only meet our business plan, but also work better than last year. At the same time, we had to move the…Details
OEMK, a part of Metalloinvest, has opened a warehouse for the storage and shipment of finished products. This will enable OEMK to increase production of rolled steel products, including high quality rolled steel (SBQ), by 60,000 tons per year. The company invested approximately 320 million rubles in the construction of the warehouse. The building consists…Details
Several dozens of Krivoy Rog citizens went on a strike at the city council building. The people protested against the construction of the mineral fertilizers processing shop on the territory of the Krivoy Rog Central Ore Repairing Works, a part of Metinvest. They believe the new chemical manufacture will affect the city ecology and the…Details
In January-June Zaporozhye Aluminum Works increased its net profit 71.7% YoY, to 390.898 million UAH. The uncovered losses as of the late June totaled 6.619 billion UAH. In H1 the works did not produce anything. In 2017 ZALK decreased net losses 2.9-fold YoY, to 279.486 million UAH. (Ukrainian metal)Details
Prices of precious metals rose in price on July 25, according to the data published by the Central Bank. The price of gold increased by 9,3415 manats, to 2081,905 manats per ounce on July 25, compared to the price on July 24. The price of silver increased by 0,1892 manats, to 26,2956 manats per ounce.…Details
The president of Uzbekistan Shavkat Mirziyoeyev has increased the subsoil use tax when mining for non-ferrous and precious metals on average 5-fold. The corresponding announcement has been published on the site of the National legislation database. The copper mining tax grew from 8.1% to 30%, metallic zinc – from 4% to 20%, gold from 5%…Details
The Corporation of the Far East Development received 24 offers on investment cooperation in the free port of Vladivostok. Three of them were submitted by the potential residents of the Chukotka Autonomous District. In particular, the Ugolnaya Mine intends to purchase new equipment, machinery and spare parts, thus improving the coal mining capacity at the…Details
Vostochniy Mining and Processing Works and Sumykhimprom cannot satisfy the real demand of the mining and metallurgical companies in sulfuric acid. According to the letter of Ksenia Lyapina, chairwoman of the State Regulatory Service, to the prime minister Vladimir Groysman and the first vice minister Stepan Kubiv, the shortage of the sulfuric acid on the…Details