The price of the license for the development of Tyrnyauz tungsten-molybdenum ores in Kabardino-Balkaria dropped 2-fold, from 2.2 billion rubles to 1.08 billion rubles. On the basis of the deposits a new industrial complex could be created, providing some 1 thousand jobs. The estimated reserves of the deposit are around 210 thousand tons of tungsten…Details
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In March ChTPZ supplied 113.8 thousand tons of metal via railroad to domestic customers and abroad, down by 2.5% MoM, but up by 25.2% YoY. In February the results grew by 0.7% and by 49%, while in January by 5.2% and by 35% respectively. In Q1 sales reached 346.5 thousand tons, up by 35.8% YoY.…Details
In March Vyksa Iron and Steel Works supplied 223.6 thousand tons of metal via railroad to local customers and abroad, up by 15% MoM and by 30.7% YoY. In February the results dropped by 24.6%, but grew by 15.8%, while in January increased by 16.2% and by 48% respectively. In Q1 railroad shipments reached 675.7…Details
In 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia). Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY. VTB is a leader in Russian gold purchases. (Ukrainian metal)Details
As of April 1, the gold-extracting companies of Magadan region mined 3933 kg of ore gold, with 1417 kg obtained in March. Silver output in three months totaled 163.9 tons. Gold mining increased by 11% YoY, while that of silver dropped by 8.3%. The decrease has to do with the scheduled drop of output at…Details
In Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY. Tungsten concentrate output totaled 215.54 tons. Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively. Coal mining totaled 5655 tons. (Ukrainian metal)Details
South Kuzbass has purchased new machinery for the Krasnogorskaya processing factory. The separator valued at 6.4 million rubles has been purchased under the technical revamping program. The new machine can process 215 tons of ore per hour. “The new machinery will provide for the stable operation of the whole manufacture, decrease operational expenses and electric…Details
The metal shop of Proizvodstvo polymetallov, a subsidiary of Uralelectromed, has started assembling a new converter. The machine will replace the outdated one. The old machine has already been disassembled. On its place a concrete foundation with the volume of 160 cubic meters has been laid. The replacement is scheduled to end in May. The…Details
According to the Baykal Mining Company CEO Yuri Ryabov, the mining and processing works at the Udokan copper deposits will be commissioned in 2022. In a year it was expected to mine 6 million tons of ore. At the same time, some media reported that the commissioning would be postponed for a year. But the…Details
Kyshtym Electrolytic Copper Plant is improving the quality of packaging. The new scheme of copper wire rod packaging prevents damage in transit. The novelty has to do with the increase of the coil compression, which makes it more compact. Such coils are less subject to vibration in transit, and thus, to damages. (Ukrainian metal)Details
PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…Details
RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…Details
Energomashspetsstal has shipped ArcelorMittal companies 345 tons of supporting rolls. According to the company press-service, the contract to produce rolls was signed in 2017. In particular, for ArcelorMittal Temirtau EMSS produced 197 tons of rolls for hot- and cold-rolling mills. 148 tons were shipped to ArcelorMittal works in Spain, Belgium and France. At present over…Details