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Vostoc Engineering LLC has finished prospecting works at the Burannyi site of the Tomtorskoye deposits in Yakutia and in autumn will start designing the plant. In late 2021 the company intends to start daylighting and in 2022 – commercial production. Tomtorskoye is one of the largest rare earth metals deposits in the world. Its resources…
DetailsIn July scrap deliveries to metal companies decreased by 17% MoM, to 270 thousand tons. Procurement dropped by 19%, to 281 thousand tons. Exports fell by 42% MoM, to 11 thousand tons. In January-July scrap deliveries to metal companies grew by 3% YoY, to 1.902 million tons. Procurement increased by 7%, to 2.183 million tons,…
DetailsIn September Ukraine intends to produce 1.9 million tons of pig iron and steel each, as well as 1.7 million tons of rolled metal. As of August 14, 18 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 7 out of 15 electric arc furnaces and all the…
DetailsNikopol Ferroalloy Plant, the largest silicomanganese and ferromanganese manufacturer in Ukraine, has been re-registered from the public joint-stock company into a private joint-stock company. The state re-registration took place on August 17. The re-registration was carried out according to the corresponding decision of the general shareholders meeting on August 3. The shareholders have also replaced…
DetailsBy 2020 Sredneuralsky Copper-Smelting Works will have replaced 10 electrostatic precipitators, which have been operating since 1970s, with 5 new ones made by Kondor-Eco. The first three precipitators will be supplied in December, and the last two in early 2019. The new equipment will decrease dust content in converter gases 10-fold, as well as water…
DetailsMMK-Metiz has successfully passed the inspection for the correspondence to three international standards, two of which regulated quality management control and the third – the environment management control. In particular, the standards are IATF 16049:2016 (quality management system for car manufacturers), ISO 9001:2015 (quality management system) and ISO 14001:2015 (environment management system). The company has…
DetailsIn January-July Krivoy Rog Iron Ore Industrial Complex produced 2.896 million tons of iron ore, down by 7.1% YoY. In July the output was 428 thousand tons. Last year KZhRK increased iron ore manufacture by 1.5% YoY, to 5.074 million tons. (Ukrainian metal)
DetailsIn January-July Electrostal (Donetsk region) produced 178 thousand tons of continuous cast billets, down by 27% YoY. In July the output totaled 33 thousand tons. Last year the company increased continuous cast billets manufacture by 34.54% YoY, to 437.729 thousand tons, of which 352.148 thousand tons were exported and the rest supplied to the domestic…
DetailsIn January-July Sukhaya Balka produced 1.564 million tons of iron ore, up by 15.7% YoY. In July output reached 243 thousand tons. The enterprise was prolonged the license to use subsoil for the next 20 years on November 7, 2017. Last year Sukhaya Balka increased iron ore output by 2% YoY, to 2.513 million tons.…
DetailsRussian gold producer Polymetal International has shipped the first batch of gold concentrate from the Kyzyl field to China, the company said in a statement on August 20. “Polymetal International is pleased to announce that Kyzyl has shipped first concentrate to China. On August 18 approximately 2,000 tons of gold concentrate were shipped by rail…
DetailsThe construction of a separating dam at Magnitogorsk Reservoir, part of rebuilding processes of Magnitogorsk Iron and Steel Works’ (MMK) circulating water supply system, is entering its final stages. The project, at a cost of approximately 660 million rubles, will significantly reduce the environmental burden on the reservoir. This is one of MMK’s most important…
DetailsMetinvest, the vertically integrated steel and mining group of companies, has secured additional long-term supply of high-grade coking coal by investing in production cooperation and acquiring up to 24.99% of some coking coal assets in Ukraine. This is in line with the group’s strategic priority of improving its self-sufficiency in coking coal to strengthen its…
DetailsThe prices of precious metals increased in Azerbaijan on August 20, according to the data published by the Central Bank. The price of gold increased by 15.708 manats, to 2016.081 manats per ounce on August 20 compared to the price on August 17. The price of silver grew by 0.2018 manats, to 25.118 manats per…
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