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Prime Minister Bakytzhan was presented a project for the construction of Altyn Ex mining and metallurgical plant in Altyndy. The company is currently developing the Yubileynoye field, one of the largest deposits of gold-bearing ores in the country. Also, according to the founder of the enterprise the construction of the plant will increase productivity, and…
DetailsThe second stage of a $2.6-billion Boguchany aluminum smelter will be launched until April 2019, CEO of the plant shareholder RUSAL Vladislav Solovyov declared on July 13. “We will launch the second stage of the Boguchany aluminum smelter at the start of next year. The amount of production is 148,000 tons. The date of the…
DetailsThe Belarusian steel mill BMZ continues exporting merchandise to the USA and the volume of export remains stable, Ivan Demidov, Head of BMZ’s Planning and Economic Analysis Office, declared. “As a result of negotiations with our clients in the USA the market for the staple products – seamless pipes and high pressure wire – remains…
DetailsThe Belarusian steel mill BMZ increased the export of its products by over 30% YoY in January-June, Ivan Demidov, Head of BMZ’s Planning and Economic Analysis Office, reported. In H1 BMZ exported 957,000 tons of merchandise worth $611.7 million or 131.5% as against H1 2017. The profitability of sales reached 9.6%. The stock in storage…
DetailsThe Belarusian steel mill BMZ does not intend to arrange an IPO or float eurobonds in the near future, Ivan Demidov, Head of BMZ’s Planning and Economic Analysis Office, declared. The executive specified: “We consider arranging an IPO in the more distant future and have no intention to do it any time soon.” The company…
DetailsIn the next three years Dneprovsky Iron and Steel Works will be carrying out a modernization program. “In March the company got a new owner. Until that time and since 2008 it was owned by Evraz. In March we received a new owner – DCH Investment Management”, the company commercial director Denis Frolov said. The…
DetailsAs of July 1, the gold-extracting company Zolotinka LLC has extracted 42 kg of gold in Amur region, down by 29% YoY. According to the regional ministry of natural resources, as of July 1, 2017 the gold output amounted to 59.1 kg. The company is extracting alluvial gold at two sites: in the Ostrovnaya River…
DetailsThe Vostsibugol Company LLC intends to invest 1 billion rubles in the development of the Southeastern part of the South block of the Quarry field No. 1 of the Mugunskoye deposits in Irkutsk region. The mining is expected to begin in 2020. In 2021 the planned annual capacity of 2.5 million tons will be reached.…
DetailsThe Primorye region stops exporting ferrous scrap and wastes through the seaports of Nakhodka and Vostochniy. The new rules come into effect on July 22. The scrap export limitation will be valid for 5 months. So far this year Nakhodka customs has approved 95.5 thousand tons of scrap for exports. (Ukrainian metal)
DetailsIn September the Aluminum Works in the city of Volgograd will resume primary aluminum manufacture, suspended 5 years ago. Autumn will also see the commissioning of the baked anode factory. The cost of each project is some 8 billion rubles. The electrolysis manufacture at the works was suspended in August 2013 by Rusal because of…
DetailsThe expert council of the Industry Development Fund has approved of 5 loans for projects in Samara, Kirov, Bryansk and Krasnodar regions. The total cost of the projects exceeds 1.1 billion rubles, with IDF providing over 675 million rubles. In particular, Unecha Works of Refractory Metals (Bryansk region) will be provided with the loan of…
DetailsSeverstal Steel Decisions has resumed supplies of metal structures for the closed theme zone of the Dream Isle amusement park in Moscow. As of June, the company has produced and shipped 2.268 thousand tons of metal structures, made of Cherepovets Iron and Steel Works steel. Assembly of the metal structures started in March. (Ukrainian metal)
DetailsKirov Non-Ferrous Metals Processing Works has finished the main stage of its capacity modernization. The company is commissioning three machines with the combined cost of 1.4 billion rubles: a cold-rolling mill, modernized transfer tables of the hot-rolling mill and the Salico slitting and shearing line. The Kvarto-450 cold-rolling mill modernization was the most expensive. The…
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