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Izhstal has increased the power capacity of its foundry shop. This will increase the quality products output. The company has commissioned a new cable track for its steel-smelting furnaces. The length of the track was 1200 meters. Over 20 tons of cable have been laid. Izhstal plans to buy additional molding machines and the cold…
DetailsZoloto Kamchatki has received the results of the independent estimate of the Kumroch gold deposit reserves. SRK Consulting estimated I&I reserves at 6.9 million tons of ore, containing 71.8 tons of gold and 107 tons of silver. Indicated reserves are 4.1 million tons of ore with the average gold content of 10.93 g per ton…
DetailsKarelsky Okatysh has resumed selling iron ore concentrate to Cherepovets Iron and Steel Works. This is one of the first projects carried under the Upstream program. With its help CherMK has considerably decreased buying the concentrate from the third parties. During the summer Karelsky Okatysh has shipped 357 thousand tons of concentrate to Cherepovets. 100…
DetailsThe government has prolonged for 2 years the ban to export steel scrap, including pipes, rails, and elements of railroad and rolling stock. Stainless steel scrap exports are allowed provided the contracts are registered with the Ministry of Economy not later than 5 days before shipping. The ban was introduced in October 2018. (Ukrainian metal)
DetailsRussian businessman Maksim Vorobiev and his investment fund Amereus Group have purchased 3.00674% of shares of Kaz Minerals. The share of Vorobiev is 1.62043%, and of Amereus Group, wholly owned by Vorobiev, – 1.38631%. Vorobiev and the fund have bought the shares on the open market, so the shares of the major shareholders have remained…
DetailsThe authorities of the Tambov region have decided to develop the Central titanium deposit themselves. The deposit is considered to be one of the largest in the world. The regional administration bought out the right to develop the deposit from VSMPO-Avisma in 2008. The license is expected to have been received by the end of…
DetailsIn August Energomashspetsstal sold 460 tons of products to 10 Ukrainian companies. In particular, the buyers were Magma LLC, Furlender Windtechnology LLC, Mariupol Ilyich Iron and Steel Works, etc. The company is also engaged in the manufacture of spare parts for Kramatorsk wind plants. Last month EMSS shipped the 12th frame of the gondola with…
DetailsKazakhstan mining company Eurasian Resources Group intends to implement a Bamin iron ore project in Brazil and is negotiating with several probable partners. The cost of the project is $2.6 billion, of which some $1 billion accounts for the construction of a railroad and a deep-sea port. The project was initiated in 2005, but was…
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