Within the Freeport of Vladivostok project, Primorzoloto plans to construct a gold-extracting factory. Investor intends to construct two quarries. Gold-bearing ore will be delivered to the factory with the capacity of 500 thousand tons of ore per year. It is expected to obtain 64.5 tons of gold under the project. (Ukrainian metal)
DetailsWith the commissioning of the new 10-38 mill in late 2017, Brok-Invest-Service intends to increase cold-rolled pipes output from 2.9 thousand tons to 3.5 thousand tons per month. The increase in output and sales is being planned despite the difficult situation on the Russian welded pipes market. The current capacities considerably exceed demand, and prices…
DetailsSeverstal was one of the first Russian companies to confirm the correspondence of its quality management system to the IATF 16949 standard. The DQS experts have checked Cherepovets Iron and Steel Works facilities. “The presence of the certified quality system is a must in relations with automobile manufacturers both in Russia and abroad”, Severstal Russian…
DetailsThe judges of the prestigious S&P Global Platts Global Metals Awards applauded the role that NLMK Group’s top management team played in the success of Strategy 2017 and recognized Oleg Bagrin, member of the Board of Directors, who presided over the company from 2012 to March 2018 and was the architect of its previous five-year…
DetailsTNC Kazchrome JSC, the world’s largest producer of high carbon ferrochrome, has output records in chrome ore and ferroalloys. “We are impressed with the 2017 achievements because we managed to produce record volumes of both chromium ore and ferroalloys. Kazchrome is one of the most efficient producers of ferrochrome on the global cost curve and…
DetailsThe Prime Minister of the Kyrgyz Republic Mukhammedkaly Abylgaziev met with Centerra Gold Inc. CEO Scott Perry, the Information Support Department of the Government’s Executive Office reported. The parties discussed issues related to the strategic agreement signed on September 11, 2017. Mukhammedkaly Abylgaziev noted that the government realized the significant role of Kumtor in the…
DetailsThe prices of main precious metals increased in Azerbaijan on May 22, according to the data published by the Central Bank. The cost of gold increased by 1.8105 manats, to 2191.5635 manats per ounce compared to the price on May 21. The price of silver increased by 0.1365 manats, to 27.9847 manats per ounce. The…
DetailsBelorucheyskoye Mine Group, managed by Karelsky Okatysh, has started a new navigation and manufacturing season. “In 2018 we plan to mine 2.423 million tons of rock and produce 1.374 million tons of limestone, as well as renovate our quarry machinery park. We will buy a 45-ton BelAZ, a bulldozer and an autograder”, the mine group…
DetailsThe Safyanovskaya Med mine, a part of UGMK, has mined the 1-millionth ton of copper ore. The development of the deposits started in 1992 as an open-pit mining; and is bound to be completed in 2020. In 2010 the construction of the underground mine began. So far the miners have reached the level of 500…
DetailsIn 2017 MMK sold 3.22 million tons of hot-rolled metal, with some 60% supplied to Russian pipe companies. According to MMK senior region sales manager Andrei Golitsyn, the main customers are Seversky Pipe Works, Uraltrubprom and Almetyevsky Pipe Works. Last year Ural Federal District accounted for around 55% of all sales, with Privolzhsky for 30%…
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