In January-May Russia’s imports totaled $94.5 billion, down by 1.5% YoY. The share of metals and metal wares grew from 7.2% to 7.4%. In particular, from far foreign countries – from 5.8% to 6.2%, but from CIS-countries it fell from 18.5% to 16.9%. The monetary value of the group remained unchanged, but the physical volumes…Details
In 20219-2022 Russian Copper Company intends to invest some 20 billion rubles in the manufacture. In particular, projects will be implemented under the long-term strategy of the company to increase raw materials and mineral base and to improve capacity. Thus, in 2021 Karabashmed will launch the manufacture of copper anodes with the capacity of 230…Details
In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors.
To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY.
This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)
Russia’s top bank Sberbank plans to issue more than 23 billion rubles of financing for Ural Mining and Metallurgical Company’s (UMMC) largest projects, UMMC said in a statement. “Sberbank will issue a more than 23-billion ruble financing for the largest projects of Ural Mining and Metallurgical Company. Under the agreements, 20 billion rubles will be…Details
Kyrgyzstan plans to reduce its dependence on Kumtor. According to representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, it is necessary to increase production at such fields as Taldy-Bulak Levoberezhny, Ishamberberdi, Bozymchak, Kuru-Tegerek, Karakazyk, Jamgyr and Chaarat. In addition, it is planned to launch Jerooy project. According to preliminary data,…Details
Since the start of the year the Alardinskaya mine of Evraz has extracted 1 million tons of coking coal.
The miners were developing the long face No. 6-1-20, put into operation in March.
Earlier the mines Uskovskaya and Yerunakovskaya-VIII have exceeded the 1-million tons output mark. (Ukrainian metal)
Cherepovets Iron and Steel Works has finished modernization of its turbo generator No. 5. The cost of investment project exceeded 1 billion rubles. The goal was to increase the share of the own electricity generation. The capacity of the generator has been increased by 20 MW, to 75 MW. This is the first of the…Details
Izhstal has installed a water decaling unit at the rolling mill-450.
It will improve the quality of metal products.
The unit has been assembled by the company specialists of Russian parts.
Mill-450 produces round, square and band rolled metal.
In 2018 the mill produced 135 thousand tons, up by 17% YoY. (Ukrainian metal)
Volzhsky Pipe and Sections Works has put into operation a new pipe-welding machine 20-89 manufactured by DMC Tech Corporation. Now the company operates 7 mills. Water and gas pipeline pipe with the diameter of 20 and 25 mm has been added to the company product portfolio. The company has also mastered the manufacture of pipes…Details
Jensen Metal Ltd from the Liepaja Free Economic Zone has opened a new manufacture in the Karosta industrial park. Investments almost reached EUR 10 million. Of them 7.3 million were spent on construction and 2.5 million on machinery. With the new plant operating the company will increase its capacity by 50%. At the site with…Details
In June the Northern Railroad transported 5.2 million tons of cargo, up by 2.5% YoY. In 6 months throughput grew by 5.1%, to 32.5 million tons. In particular, the railroad transported 4.5 million tons of ferrous metals (unchanged), 2.2 million tons of coal (+35.5%), 1.7 million tons of non-ferrous ore (+4%) and 0.6 million tons…Details
Central Mining and Processing Works has purchased two new 130-ton quarry dump trucks.
The machines can operate at the temperature from minus 50 degrees C to plus 50 C.
The power of their diesel engines is 1600 hp, and the volume is 50 liters. (Ukrainian metal)
The mine named after Yalevsky of SUEK-Kuzbass has started developing the long face No. 50-05 with the reserves of more than 6 million tons of coal. This is the first time that SUEK-Kuzbass prepares such a long face with such huge reserves. The company investments in the mine in the past two years totaled 7.5…Details
Evraz NTMK has shipped more than 3.5 thousand tons of sheet pile Larsen for the construction of a Lugaport transport terminal in the sea trade port of Ust-Luga in the Gulf of Finland. The piles will be used to create artificial land plots and the shoreline. Evraz NTMK is the only sheet pile Larsen manufacturer…Details
Kamensk-Uralsky Foundry Works intends to expand its product portfolio by adding aviation wheels.
For this the company is purchasing new machinery.
In particular, KULZ has purchased and commissioned a new turning lathe to produce large aviation wheels with a diameter of up to 1 meter. (Ukrainian metal)
Since the start of the washing season, the Novaya miners team has extracted 75 kg of gold. The company plan for this year is 75 kg. At present the company is carrying out additional prospecting works at the Tangrak site, the license for which was acquired last December. The company also intends to commission a…Details
In 2 months the Baldja miners team from Zabaikalye region has extracted 330 kg of alluvial gold. Last year the output in the corresponding period was 300 kg. This year the company is operating at 4 sites: Khamara, Khaylastun, Bayan-Zurga and Baldja. Alluvial season for the company started in May. The output target for the…Details
Ai2Vad (Moscow) has claimed over 80 million rubles from the Rostov Iron and Steel Works. The right of the company to demand the money is confirmed by the agreements on the assignment of rights dated 2015 and 2019. Yantarnoye company is demanding 14 million more. In June Nadezhda-VLM claimed over 26 million rubles form REMZ.…Details
Rusal has placed another tranche of 10-year bonds with maturity in 3.5 years at the Moscow Stock exchange with the nominal volume of 15 billion rubles. The interest rate was 8.6%. 37 requests have been received. In April Rusal placed the first tranche of bonds with the volume of 15 billion rubles for 10 years.…Details
Ural Mining-Metallurgical Company intends in 7 years to construct and put into operation a mine in the Republic of Bashkortostan. Investments in the Podolsky mine will reach 54 billion rubles. According to UGMK CEO Andrei Kozitsyn, a financing agreement has been signed with Sberbank. The funds will be invested in the construction of the infrastructure,…Details
Russia’s exports of ferrous metals decreased by 4.2% MoM, to 3.192 million tons and by 5.2% to $1.536 billion in May, the Federal Customs Service said. In January-May exports of ferrous metals contracted by 8.8% YoY, to 17.519 million tons and by 15.6%, to $8.145 billion. Cast iron exports dropped by 15.5%, to 1.873 million…Details
Trubodetal has modernized its welding and control equipment for the manufacture of stamped and welded pipeline parts. This will let the company get quality advantage when producing parts with the diameter of up to 1420 mm used in the construction of pipelines. The investment project was carried out in 2016-2019. Investments totaled 400 million rubles.…Details
Severstal – Neva-Metal has put into operation the second stage of the covered warehouse to store steel products at the terminal in the third district of the Big Port St. Petersburg. The main contractor was Severstal Steel Decisions, which designed and constructed the warehouse with the size of 3.3 thousand square meters. In 2016 Neva-Metal…Details
The Kirbinskiy Coal Pit has merged with the Russky Ugol Company. The pit develops the Beyskoye deposit in the Republic of Khakassia. In June Russky Ugol purchased 100% shares in the Kirbinskiy Pit LLC. The pit reserves amount to 354 million tons of coal, and of the whole deposit – 3.2 billion tons. This year…Details