Last year the project to develop the Kudryaviy Volcano was created. A special machine was made to obtain rhenium and other rare earth metals concentrate. It was assembled at the Crater base on the island of Iturup. The cost of the works carried out last year exceeded 30 million rubles. This year the test of…
DetailsThe investment company Arlan intends to start producing gold at the Rodionovskoye deposits in 2020. According to the company statement, in the first year of operation it is planned to mine 1 ton of gold. In 2021 output is expected to increase to 3 tons of gold, and in 2022 – to 5 tons per…
DetailsIn 2019 Chelyabinsk Zinc Works intends to increase zinc output to 200 thousand tons per year. This year the output will total 188 thousand tons. In 2017 the company produced 183 thousand tons of zinc and zinc-based alloys, up by 4.7% YoY. At the same time Chelyabinsk Zinc Works intends to modernize its manufacture. In…
DetailsRussia’s Chukotka Autonomous District has submitted a request to the Far Eastern Development Ministry to establish a territory of accelerated development Baimskaya to raise about 336 billion rubles in three gold projects, according to a statement released on April 2. The projects Kekura, Klyon and Peschanka can attract almost 120 billion rubles in three years,…
DetailsThe Sumgayit Technologies Park (STP) delivered the first cargo of galvanized steel products to Germany for construction of a new plant of the German auto giant BMW in Cologne, the STP reported. “A contract for supply of the first cargo of metal products to Germany was signed with the contractor company, DMT Foundry GmbH, and…
DetailsAs a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…
DetailsIn 2017 the Moscow region-based Electrostal decreased net profit by 8% YoY, to 145.4 million rubles. In the past five years the company has always been demonstrating profit – 158 million rubles, 129 million rubles, 16 million rubles and 370 million rubles in 2016, 2015, 2014 and 2013 respectively. In Q4 2017 the net profit…
DetailsIn 2017 the Magnezit Combine received 140.025 million rubles of net profit, up 3.7-fold YoY. In 2016 the net profit totaled 38 million rubles. Last year the revenue of the company grew by 10% YoY, to 6.9 billion rubles. Sales profits rose 1.6-fold, to 765 million rubles. (Ukrainian metal)
DetailsThe reserves of the Dobrovolnoye uranium deposits developed by Dalur are estimated at 7067 tons. Its gradual commission will allow the company to increase output by 2025 to 600 tons per year. Payments to budget will total 25 billion rubles, and some 350 jobs will be created for the locals. The average salary at the…
DetailsIn February Russia produced 3.885 million tons of blast furnace pig iron, down by 2.1% YoY (4.3 million tons in January). In 2 months Russia produced 8.185 million tons of pig iron, down by 2.2% YoY. Ukraine February pig iron output increased by 3.8% YoY, to 1.625 million tons (1.8 million tons), but dropped by…
Details