The state enterprise TALCO and its subsidiaries have signed 5 contracts valued at $460 million with Uzbekistan companies. In particular, Uzbekneftegaz will finance the commissioning of 200 electrolytic baths. The total cost of this agreement, to be carried out in 2018-2020, is $320 million. Krantas Group will help create a joint venture to produce automobile…Details
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In January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY. According to the State Statistics Committee, in February gold output totaled 608.3 kg. Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY. Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)Details
In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…Details
Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…Details
As a result of a cave-in at the Gaysky GOK mine two miners were damaged. This is the third accident at the enterprise in a month. The employees are in the emergency clinic. The regional union promised to help. (Ukrainian metal)Details
The Siberian Mining and Metallurgical Alliance has decided to postpone the commissioning of the first stage of Ozernovsky Iron and Steel Works in Kamchatka for a month. Now the line with the capacity of 100 thousand tons of ore per year (2 tons of gold) will be put into operation in late April. “It is…Details
Within the program of the company development till 2020, Uralsibmet (Irkutsk) has opened a new metal base in the city of Krasnoyarsk. The product range includes rebars, beams, hot- and cold-rolled sheet, channel, angles, pipes, etc. Thus the company is implementing its plan to expand the regions of its presence. Now the company is present…Details
The capacities to produce galvanized and coated metal in Russia continue increasing. Soon such a line with a capacity of 400 thousand tons per year will be commissioned at Severstal. The Leningrad and Orel regions now posses polymer-coating lines with the capacity of 40 thousand tons per year. According to a survey, some 34% of…Details
From March 1 Severstal has started selling locked-coil ropes in metal drums only. The drum is included in the price, but could be bought out by the company. “The main goal of the innovation is to keep the rope safe while loading, transporting and unloading. The wooden drum could break, which could damage the rope.…Details
In 2017 Zaporozhye Ferro Alloys Plant increased net profit 9.4-fold, to 1.648 billion UAH. According to the company statement, its assets grew by 45%, to 3.5 billion UAH, while the total accounts receivable – 2.2-fold, to 2 billion UAH. Fixed liabilities totaled 192.34 million UAH at the end of 2017 as opposed to 203.2 million…Details
The state enterprise Yuzhnodonbasskoye No. 1 Mine Group has concluded an agreement with Dneproprommash LLC on the capital repair of hydraulic struts valued at 3.79 million UAH. In particular the company has ordered the repair of 96 struts DM14.01.000. The cost of the repair of one strut is 39461 UAH with VAT. The contractor provides…Details
Because of the loss of electricity at the Zolotoye and Karbonit mines in Kiev-controlled part of Lugansk region, over 170 miners have been trapped underground. In particular, 93 miners were blocked in the Karbonit mine, and 83 people in the Zolotoye mine. The electricity was cut off because of the severe weather conditions and heavy…Details
Cherepovets Iron and Steel Works has started a major construction project – blast furnace No. 3. The furnace will cover one third of the company needs in pig iron, or around 3 million tons. The site, where the BF will be constructed, already has 2 large air heaters. They were constructed several years ago, but…Details