Borodino Repair-Mechanical Works increases casting output volumes. The enterprise has received new machinery, which will allow increasing casting products manufacture to 1200 tons per year. The casting site is one of the BRMZ 7 shops. Its capacity is 100 tons per month. Borodino Repair-Mechanical Works is one of the major repair subdivisions of the Siberian…Details
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Bystrinsky Mining and Processing Works has sent the first trial batch of gold-containing gravity concentrate weighing 8 tons to the city of Norilsk for further processing. The works is preparing the second batch of 12 tons. The first samples of gravity concentrate were obtained in Q1. BGOK was constructed by Norilsk Nickel in a hard-to-reach…Details
Seven individuals detained as a result of the tragedy in the Tkibuli Mindeli mine on April 5 have been officially charged, announces Georgia’s Ministry of Internal Affairs. “The investigation found that the detainees had violated the requirements of “technical regulations on safety of coalmines” that prohibited work in shafts where safety rules were violated. Despite…Details
Tajikistan and Azerbaijan plan to discuss increase in the volume of transit of Tajik aluminum through Azerbaijan and the supply of aluminum oxide from Azerbaijan to Tajikistan. This issue will become one of discussion topics during the visit of the President of Tajikistan Emomali Rahmon to Baku on August 10-11. Next year growth in aluminum…Details
The prices of precious metals in Azerbaijan increased on August 8, according to the data published by the Central Bank. The price of gold increased by 4.8195 manats, to 2062.848 manats per ounce on August 8 compared to the price on August 7. The price of silver increased by 0.1156 manats, to 26.2166 manats per…Details
According to railroad statistics, direct ferrous scrap deliveries to major Russian metal companies and pipe works reached 1.44 million tons, up by 14% YoY. In January-July scrap deliveries grew by 1.1% YoY, to 7.37 million tons. (Ukrainian metal)Details
The commissioning of the Baim Mining and Processing Works for one of the largest copper-gold deposits in the world – Peschanka in Chukotka – is scheduled for 2022. According to the region governor Roman Kopin, the previous date was 2024-2025. “We will see the first investments in 2018, and the project will be commissioned in…Details
As of August 1, the miners team Vostok-2 has extracted 25 kg of alluvial gold on the territory of the Sakhalin region, up by 8% YoY. At present the company is operating in the northern part of the Moiga site. This month the enterprise will start prospecting at the Valza River. The estimated reserves of…Details
Chelyabinsk Zinc Works has entered another stage of the manufacture diversification program. The first trial batch of cadmium pigments has been produced. The pigments are mostly used in coating that requires chemical stability, heat- and weather-resistance. Instead of metallic cadmium ChelZinc uses cadmium electrolyte in the manufacture of pigments, thus decreasing expenses. “The volume of…Details
In January-June Russia exported 1.551 million tons of raw aluminum valued at $2.8 billion, up by 15.4% and by 32.1% YoY respectively. According to the Federal Customs Service, in June exports dropped by 34% MoM, to 272 thousand tons valued at $482.6 million, down by 34.1%. Rusal is Russia’s largest producer of primary aluminum. Last…Details
Alfa-Bank has provided 6 billion rubles to Seversky Pipe Works, a part of TMK. The loan has been given for 3 years. “We are grateful to the Alfa-Bank team for the speed of making the deal – in just one week. The deal will allow TMK to optimize its loan portfolio”, TMK deputy director on…Details
This month Severstal will supply the first batch of hot-rolled metal to Uralmashzavod. Plates will be used in the manufacture of casting crane with the lifting capacity of 520 tons. The machine will be used at Cherepovets Iron and Steel Works. Investments in the project total 600 million rubles. The metal will be delivered via…Details
In July major Russian metal companies shipped 5.28 million tons of steel and pipes via railroad, up by 5.3% YoY. Deliveries to the domestic market totaled 3.05 million tons (+0.4%), while exports grew by 12.8%, to 2.23 million tons. In January-July deliveries reached 37.62 million tons, up by 5.6% YoY. Local customers received 21.29 million…Details