In January-May Irkutsk region yielded 6902 kg of gold, up by 15% YoY. In particular, ore gold output totaled 5662 kg, and alluvial gold – 129 kg. 6 companies provided for the most output. Polyus Verninskoye mined 2923.6 kg of gold, Vysochaishiy – 1813 kg, Ugakhan – 649 kg, Lenzoloto – 451 kg, Vitim –…Details
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Severstal has supplied around 40 thousand tons of various rolled metal for the construction of all the 12 stadiums, which will host the FIFA World Cup. When constructing the arenas, Severstal’s sheets and rebars were used. Metal was supplied both from the manufacturing site in the city of Cherepovets and from Severstal Bar Works Balakovo.…Details
StalTrans, a subsidiary of the Russian railway operator Freight One, has signed a 467.771-million ruble agreement to buy rail wheels from Interpipe-M, a unit of Ukraine’s Interpipe, Freight One said in a statement. Interpipe-M is to supply the rail wheels by July. Freight One also said that it planned to buy rail wheels from StalTrans…Details
Metalloinvest has signed a long-term loan agreement with Credit Agricole CIB (France). According to the company statement, the loan of 72 million euros will be attracted for 12 years under the Euler Hermes Aktiengesellschaft guarantees. Metalloinvest intends to spend the money to purchase Takraf GmbH machinery. The machinery will be stationed at the Lebedinsky Mining…Details
NLMK Group, a global steel company, is designing equipment to implement stamp charging process at Altai-Koks. This will boost coke quality and reduce the cost of its production through use of more cost-efficient grades of coking coals. Stamping technology is under implementation at coke plant No. 5, launched in 2006 with a design capacity of…Details
Local residents are dissatisfied with the development of Ishtamberdy gold field in Chatkal district of Jalal-Abad region. They held a protest. Residents are unhappy that the developer Full Gold Mining does not comply with environmental standards. As the State Committee of Industry, Energy and Subsoil Use reported, officials intend to visit the field and sort…Details
The Cabinet of Ministers has adopted a new decree on scrap procurement. Uzvtortsvetmet was ordered in two months to organize in all cities and district centers special points of acceptance of scrap from individuals. All the equipment containing ferrous and non-ferrous metals from January 1, 2019 will have to be submitted to Uzmetcombinat and Uzvtortsevtmet…Details
The channel capacity of the Kamysh-Zarya – Volnovakha route, through which raw materials are delivered to iron and steel works in Mariupol, is still below the desired level. “The Mariupol direction is still problematic. Only 18-22 pairs of cargo trains per day pass there, while the full operation of Mariupol Ilyich Iron and Steel Works…Details
Ukrainian scrap procurers and metal companies ask the members of the Verkhovna Rada to pass the decree on de-shadowing of the scrap market. The draft decree presupposes making amendments to the current laws of scrap metal, accounting and to the Criminal Code. The decree cancels the division of the scrap into household and industrial and…Details
Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, and the authorities of the city of Kamenskoye have signed a memorandum of cooperation to improve environment. The document has been signed by the city mayor Andrey Belousov and the company CEO Alexander Podkorytov. DMK is actively participating in the infrastructure development.…Details
In 2018 Ukraine witnesses the falling of ferrous scrap procuring. In 5 months procurement totaled 1.51 million tons. “Since early March ArcelorMittal Kirviy Rih has been excluded from scarp procurement list. That’s some 30-40 thousand tons per month”, the UAVtormet association president and Keramet CEO Vladimir Bubley said. According to him, scrap procurement has also…Details
Prime Minister Mukhammdekaliy Abylgaziev has ordered to find the investor to extract gold from Makmal tailings. The mine was commissioned in 1986. The enterprise used to employ 3 thousand people and yield 250 kg of gold per month. This year the government reported of the complete thinning of the resources. Investors can be offered the…Details