An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…
DetailsArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…
DetailsIn January-November industrial output in Donetsk region decreased by 12.4% YoY, and in November – by 10.3% YoY, but grew by 3.6% MoM. In November coke output increased by 1.1%, metal – by 3.7%, and coal – by 20.1%, all MoM. At the same time, in YoY terms coke manufacture dropped by 6.1% and metal…
DetailsIn mid-December Russian Platinum submitted a new development project of the Chernogorskoye platinum-copper-nickel deposits to the Federal Agency of Subsoil Use. The company intends to start mining in January 2021. In case of the positive reply from the agency, the company will have 36 months to construct a mining and processing works at the site…
DetailsIn 2017 Izhstal has increased sales of speed steel products by 47% YoY. The main consumers of this steel are local military and car manufacturers: Kalashnikov Concern, Kazan Helicopter Works, Sukhoy, Kamaz, UAZ, etc. The products are also exported to Belarus (MAZ and Belcard). Izhstal is the only Russian producer of cold-rolled belt of speed…
DetailsThe Uralelectromed subsidiary – The Manufacture of Non-Ferrous Metals Alloys – has started commissioning the main equipment of the new mini combined heat and power plant. The commissioning will be carried out in two stages, and the mini-CHPP is expected to be put in operation in late January 2018. Investments in the project totaled 187…
DetailsThe construction of new steelsmelting capacities by China in the Russian Far East is not only against the Global steel forum ideology, but also against the industry meetings decisions taken in 2016. “The idea of the Chinese metal makers to create capacities outside of China is the aim of their industry to decrease environment impact”,…
DetailsThe chairman of the Vnesheconombank Sergey Gorkov said that the strategy on the Industrial Union of Donbass corporation was developed last year. “Some time is needed to carry it out. The Fund of investment assets appeared as a part of this strategy implementation. Has this strategy not been implemented, that would have been a really…
DetailsIn October Russia exported 214.4 thousand tons of pig iron, down by 55% YoY. According to the Federal Customs Service, in January-October exports decreased by 15% YoY, to 3.59 million tons, while revenue grew by 29.4%, to $1.22 billion. USA remain the leader among importers, having purchased 65.7% of all pig iron, up by 15.4%.…
DetailsIt is proposed to change the procedure for issuing licenses to develop deposits in Kyrgyzstan, a member of the Board of the Association of Miners and Geologists of the Kyrgyz Republic, Honored Worker of Industry of the Kyrgyz Republic, Kartabek Mukambetov, said at a press conference on December 27. According to him, to restore order…
DetailsIn October, according to the Customs Statistics, Russia exported 12.3 thousand tons of corrosion-resistant steel scrap and waste valued at around $12.5 million, up by 10.4% MoM and by 18.3% YoY. Moreover, this is the second highest result for the past several years (the largest was recorded in June 2011 – 16 thousand tons). Revenue…
DetailsIn 2017 Khiagda is expected to sell 693 tons of uranium, while in 2008 it sold just 60 tons. For the next year the company has the same goals: further decrease of the prime cost of the products and the manufacturing processes. At the same time it also has new challenges: improve efficiency, increase output…
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