This year IRC Group intends to make its Kimkano-Sutarsky Mining and Processing Works reach its full capacity of 3.2 million tons of iron ore concentrate per year and start increasing the capacity to 4.5 million tons. Private investments in the project begun in 2016 have already exceeded 29 billion rubles. At present the company is…
DetailsThe first pilot processing was carried out in spring of 2017. In a year the specialists of the Ridder Mining and Processing Works have mastered the technique to obtain concentrate from the Dolinnoye deposits ore. Since then the factory has assembled a Knelson centrifugal concentrator. The volumes of ore processing are expected to increase each…
DetailsKarabashmed is carrying out the modernization of its capacities. At present the foundation has been laid for the new Kumera converter with the capacity of 150 tons. The assembly of the machine will start in May, while commissioning is scheduled for Q3. The new converter will have gas purifying and exhauster equipment, which will both…
DetailsPJSC ArcelorMittal Kriviy Rih started hot testing of the new coke oven battery No. 5. Its operation will enable the company to minimize the volumes of coke purchased, which is at least twice more expensive than the one produced in-house. Kriviy Rih metallurgists started construction of COBs Nos. 5, 6 in 2013. First, the sixth…
DetailsIn March exports totaled $3.7 billion, down by 4.1% YoY. Metal exports growth slowed down to 14.2% despite high prices. Because of that pig iron share in exports increased. Iron ore exports dropped by 9.3% YoY. (Ukrainian metal)
DetailsThe prices of gold decreased, while the prices of silver, platinum and palladium increased in Azerbaijan on May 3, according to the data published by the Central Bank. The cost of gold decreased by 1.2495 manats, to 2226.031 manats per troy ounce compared to the price on May 2. The cost of silver increased by…
DetailsIn 2017 VSMPO-Avisma net profit dropped 2-fold YoY, to 12.8 billion rubles. Revenue decreased by 1.6%, to 87.98 billion rubles. Gross profit dropped by 26%, to 32.2 billion rubles. The company fixed liabilities grew 1.6-fold, to 96.6 billion rubles, while current liabilities fell by 27.1%, to 27.1 billion rubles. (Ukrainian metal)
DetailsIn January-March Nizhny Novgorod region increased industrial output by 2.3% YoY. In particular, metal manufacture demonstrated an increase of 19.2%, and that of metal wares – 10.9%. Rolled metal output increased by 24.3%, while steel pipes, sections and fittings – by 17.3%. (Ukrainian metal)
DetailsIn January-March the Republic of Sakha (Yakutia) mined 2.4 tons of gold, up by 27% YoY. This year the region intends to obtain 25 tons of gold. Silver mining in 3 months increased by 88% YoY, to 43.8 tons. The goal for this year is 80 tons of silver. (Ukrainian metal)
DetailsAs of April 30, Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has exported 7 million tons of coal since the start of the year. Last year this mark was reached on May 2. The 7-millionth ton was a part of cargo loaded onto the Roland Oldendorrf bulker. The vessel was…
DetailsLermontovsky Mining and Processing Works has resumed manufacture of tungsten concentrate after almost a 3-month hold to assemble new machinery. LGOK has been experiencing problems with ore mining and sales since 2003. The mining was suspended in September 2008. In June 2013 a new LLC was created to carry out operations. In October 2016 LGOK…
DetailsThe net profit of Russia’s Chelyabinsk Zinc Works by soared 43.8%, to 5.776 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 3. Revenue rose by 27%, to 38.548 billion rubles. Gross profit grew by 20.5%, to 10.757 billion rubles. (Prime/Ukrainian metal)
DetailsMoldova Iron and Steel Works has been affected by US import duties. The company competitors have switched their products to Europe, and a surplus of metal appeared on markets traditional for MMZ, decreasing steel and rolled metal prices. “When the duties have been introduced, Turkish manufacturers had to reorient. They started supplying a part of…
Details