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The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said, adding the objective was “not to put Rusal out of business”. Mnuchin’s comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal, which had taken a series of steps to…
DetailsSince the start of the season Spokoyniy LLC has produced 60 kg of alluvial gold in Magadan region. Thus, the annual plan for gold output has been 60% complete. The company has also been able to increase output by 10 kg YoY. This year gold is obtained from one site – the Posledniy brook. This…
DetailsIn 2017 Kraszvetmet produced the record-high amount of gold in its history – 220 tons, up by 22% YoY. Last year 307 tons of gold were produced in Russia. The company also produced 570 tons of silver and 118 tons of platinum-group metals (platinum and palladium). The company produces precious metals of the raw materials…
DetailsIn January-June Krasnoyarsk region increased power-generating coal output by 19% YoY. The growth in the output is explained with the increase in demand. This coal is one of the most exported from Russia. The largest coal importers are China, India and Japan. (Ukrainian metal)
DetailsThe Severnaya mine in the city of Makeevka will be shut down, as water has not been pumped out of it since last August. Some miners will be fired, while the rest hope to be employed at the yet unflooded mines. According to the comments in social networks, mines with large coal deposits have been…
DetailsThe price of one ounce of gold decreased by 39.202 manats or by 1.9% last week, to 2,094.1144 manats. The price of one ounce of silver decreased by 0.8642 manats or by 3.2%, to 26.5424 manats. The price of one ounce of platinum decreased by 40.2475 manats or by 2.84%, to 1,393.2503 manats. And the…
DetailsKola Iron and Steel Company is finishing the testing of the machinery in the zinc-cleaning site of the nickel electrolysis shop. This is one of the components of a new investment project to implement a new electrowinning technique. Instead of traditional anodes insoluble anodes will be used in electrolysis baths. To switch to the new…
DetailsRosgeologia will carry out prospecting works within the Petenikanskaya field. The site is in the Magadan region. The total size of the site to be inspected is 470 square km. The project has to be carried out by the end of 2020. (Ukrainian metal)
DetailsThe United Metallurgical Company has choseOMKn Danieli as the supplier of the main machinery to produce seamless pipes at Vyksa Iron and Steel Works. The works will be able to produce seamless casing, compressor-pump and oil and gas pipes. Commissioning of the machinery is scheduled for 2021. The design capacity will be 500 thousand tons…
DetailsIn January-June Cherepovets Iron and Steel Works produced 2251 million kW-h of electricity, up by 1% YoY. “The increase allowed driving the consumption of our own electricity to 77.2% of the total amount, which is one of the best results in the industry”, Severstal Russian Steel CEO Vadim Germanov said. (Ukrainian metal)
DetailsOskol Electrometallurgical Works, a part of Metalloinvest, has been named among the best Russia suppliers to one of the largest car concerns in the worlds – Groupe PSA. In particular, OEMK was named the Best Plant to supply high quality steel rods. “We are constantly working to improve steel quality to correspond to the highest…
DetailsStoilensky Mining and Processing Works, a part of NLMK Group, has produced its 10-millionth ton of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was able to reach design capacity of 6 million tons of pellets per year in 6 months. In 2018 the plant…
DetailsBusiness Armenia has signed a Memorandum of Understanding with ARGA-Eurosteel on the investment of $850,000 and the construction of a new factory for the production of equipment from stainless steel. The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian. According to the MOU, Business…
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