The mining company Kun-Manye, a daughter enterprise of Amur Minerals Corporation, plans in 2019 to design and in 2022 to construct a metal works at the copper-nickel deposits in Amur region. The projected capacity of the works is 6 million tons of ore per year. For such a major project the company will have to…
DetailsBy 2025 Kamchatka region intends to have increased gold output to 17.5 tons, or up 2.6-fold compared with 2017. New enterprises to be commissioned in the region will mostly boost the output. In particular, in Q1 the first gold-extracting line with the capacity of 2 tons will be put into operation at the Ozernovsky GOK.…
DetailsIn 2018 Irkutsk Aluminum Works will be the first aluminum producer in Siberia to pass the ASI certification. Not only the manufacturing process at the works will be certified, but the complete manufacturing chain starting from obtaining and preparing raw materials as well. Rusal plans that its Bauxite of Timan and Ural Aluminum Works will…
DetailsThe Zapolyarny subsidiary of Norilsk Nickel will this year receive 55 units of special mining machinery valued at 1.6 billion rubles. The largest number of machines (17) will be sent to the Komsomolsky mine, 13 units – to Taymyrsky mine, 10 – to Mayak, 7 – to Oktyabrskiy, 6 – to Kayerkanskiy and 2 –…
DetailsNLMK-Kaluga Electrometallurgical Works has started selling a new type of metal for construction – 65 mm channel. The first batch of 2.6 thousand tons has been successfully shipped to customers in the Central Federal District. The mastering of the new product allowed the company to enter the growing segment of the market, the import share…
DetailsEnergomashspetsstal has finished shipping machinery to Bharat Heavy Electrical Limited. According to the company press service, under the contract it has produced 3 turbine rotors of low pressure. The first rotor was shipped in December 2017, and the other two – in January. The total weight of the machinery is 200 tons. (Ukrainian metal)
DetailsThe board of directors of Russia’s Magnitogorsk Iron and Steel Works (MMK) has recommended paying 0.806 rubles per common share in dividends for 2017, the company said in a statement on February 6. In 2017 the company paid 0.869 rubles per share in dividends for January-June and 1.111 rubles per share, or a total of…
DetailsUzbekistan plans to increase coal production to 11.1 million tons by 2021 to meet the needs of the population and industry. The Uzbek Ministry of Economy announced the approval of the Program for the further development and modernization of the coal Industry for 2017-2021. Given that in 2017 the volume of coal mining amounted to…
DetailsAzovstal Iron and Steel Works was the largest VAT recipient in January among metal and mining companies – UAH 768.9 million refunded (UAH 381.5 million in December 2017). According to the State Treasury Service, it was followed by ArcelorMittal Kriviy Rih with UAH 584 (UAH 659.4 million) and Mariupol Ilyich Iron and Steel Works with…
DetailsIn 2017 Vysochaishiy increased gold output by 37% YoY, to 224.5 thousand ounces (6.983 tons), mostly because of the growth at Taryn GOK. This year the company expects the output to grow to 280-300 thousand ounces. The increase will be the result of Taryn GOK and Ugakhan site GOK reaching their project capacities. Revenue from…
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