Since 2012 Kumtor Gold Company (KGC) has received claims from various Kyrgyz regulatory authorities seeking compensation of $465 million, the company’s annual Environment and Sustainability Report 2017 says. Centerra and KGC believe that such claims are without merit and have vigorously defended such claims in the Kyrgyz Republic courts and in international arbitration. In September…Details
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A plant for production of pipes in a protective shell with thermal insulation may soon be built in Uzbekistan. The plant’s founders will be Russia’s Ural Pipe Insulation Plant, the Ministry of Housing and Communal Services of Uzbekistan and the administration of the Tashkent region. The plant will be called Tashkent Pipe Insulation Plant and…Details
In January-June an overall production of unwrought gold and semi-processed gold or in powder form reached 44,965 kg, up by 8.4% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period gross output of unwrought and semi-processed silver or in the powder form made 494,145 kg, down by 9.3%. (Kazinform/Ukrainian…Details
ArcelorMittal Temirtau JSC has suspended its export of hot rolled steel coils to the Islamic Republic of Iran due to sanctions the U.S. imposed on the country. “Supplies will be suspended due to the sanctions introduced. As soon as sanctions are lifted the supplies will be resumed,” official representative of the company Alexey Agureyev reported.…Details
In May, according to the customs statistics, Russia imported 70.3 thousand tons of galvanized flat steel, up by 5.1% YoY. In January-May imports dropped by 12.1%, to 269 thousand tons. Kazakhstan supplied 54% of the steel, down by 8% YoY. Average price was $779 per ton without VAT. South Korea supplied 15.6%, up by 22.9%,…Details
In May, according to the customs statistics, Russia imported 49.5 thousand tons of ferrous scarp from Kazakhstan, down by 24.3% YoY. Average price was $257 per ton. In January-May imports dropped by 25.5% YoY, to 155.6 thousand tons. (Ukrainian metal)Details
A number of Chinese companies plan to carry out projects to mine tungsten, molybdenum and copper on the Ingichka plateau. According to the preliminary agreement, $50-55 million will be invested in the construction of infrastructure. Investors also plan to construct at least two mines. (Ukrainian metal)Details
OMZ-Spetsstal has started shipping billets for the reactor body for the first power block of Ruppur Nuclear Power Plant in Bangladesh. Under the contract concluded in September 2017 the company will supply billets to produce the reactor body. So far the company has supplied billets of the flange, lower and supporting shells. (Ukrainian metal)Details
In June Severstal-Metiz produced the record-high volume of fiber – almost 1.5 thousand tons. 62% of the products were exported to Europe, and the rest was shipped to CIS countries and Russian customers. At present the company produces 4 types of steel fiber and is the Russian leader in its output. (Ukrainian metal)Details
Kyshtym Electrolytic Copper Plant has started assembling new conveyer system in the copper electrolysis shop. The machinery will transport empty matrixes, matrixes with cathode leftovers and anodes. While assembling the new conveyers the manufacture has not been stopped. Commissioning is scheduled for July. Investments in the project total 380 million rubles. (Ukrainian metal)Details
By the end of 2019 Energomashspetsstal will have supplied 1500 tons of supporting rolls for the new hot-rolling mill-1700 of ArcelorMittal Lazaro Cardenas (Mexico) under the contract with Primetals Technologie (Austria). The cost of the contract signed in April is not disclosed. The company has started manufacturing 28 rolls with the combined weight of 1185…Details
NLMK Group, a global steel company, is pleased to announce the opening of a new service center, NLMK South Africa, which will supply abrasion-resistant (NLMK Quard) and high-strength (NLMK Quend) thick plates produced at the Belgian NLMK Clabecq. NLMK South Africa will also make parts of these steels as per customers’ requirements. NLMK South Africa…Details