PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…Details
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RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…Details
In January Beloretsk Iron and Steel Works increased shipping of metal wares by 4% YoY, to 37.6 thousand tons. Welding wire for the manufacture of electrodes and low-carbon wire for ferroconcrete structures showed the most increase – by 64% and by 53% respectively. Wire nails sales grew by 48%. Welding alloyed wire sales increased by…Details
At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…Details
Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…Details
In 2017 DTEK decreased coal output by 11.3%, to 27.706 million tons. According to the company statement, the decrease has to do with the loss of control over mines on the non-controlled territory in March 2017. This resulted in anthracite output drop by 52.5%, to 4.791 million tons. At the same time gas-generating coal production…Details
Energomashspetsstal has received an order from Voestalpine Stahl GmbH. According to the agreement, EMSS will produce and supply two supporting rolls for the cold- and hot-rolling mills to Austria. The total weight of the rolls is 72.32 tons. The delivery of the rolls is scheduled for Q4. The companies have been cooperating since 2010. (Ukrainian…Details
According to the customs statistics, in 2017 Russia decreased ferrous metals exports by 2.2% YoY, to 42.4 million tons, valued at $18.76 billion, up by 33%. The share of metal exports to far foreign countries grew to 10.2% from 9.8%. Export volumes dropped by 2%, but increased by 28.8% money-wise. Aluminum exports decreased by 4.3%,…Details
In 2017 companies developing metallic deposits invested $235 million in the operation. In the next 3 years some 3 billion drams more will be invested in the field. Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)Details
The prospecting of copper ore deposits on the Novopetrovskoye field in the Republic of Bashkortostan is complete. According to the inspection, the deposits have the reserves of 387 thousand tons of R1 copper with the average content of 1.44%, 151 thousand tons of R2 copper (1.28%), 638 thousand tons of R1 zinc (2.37%) and 268…Details
The Bryansk region is carrying out its project to produce tungsten and molybdenum powder. The Unecha Works of Refractory Metals LLC intends in 4 years to start producing molybdenum fillets, artificial sheelite and tungsten oxide. The construction of the works in the region started in 2007. The first stage with the capacity of 500 tons…Details
The governor of the Volgograd region Andrei Bocharov and the new projects director of Rusal Alexei Arnautov discussed the development of Volgograd Aluminum Works. After almost 5 years of idleness the company is resuming the liquid aluminum manufacture. Rusal has repaired electrolysis shops and modernized machinery. So far some 1.5 thousand jobs for the local…Details
In January ore output of the open-pit at the Osenneye deposits of Gaysky Mining and Processing Works totaled 94.6 thousand tons with the target being 74 thousand tons. From underground the GOK mined 677 thousand tons of ore, up by 0.3% from the target. The factory processed 853690 tons of ore. Copper concentrate output was…Details