“We are preparing in 2018 to create a joint venture at Makmal,” Almaz Alimbekov, Chairman of the Board of Kyrgyzaltyn OJSC, said at a meeting of the Committee on Fuel and Energy Complex and Subsoil Use of the Parliament. According to him, now the deposit is unprofitable because of old equipment, technologies and depletion of…Details
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The authorities of Zabaykalsky krai intend to create a new enterprise to process ore. As the result, the taxes to the local budget will increase by 3 million rubles per year. Investments will reach 1.095 billion rubles. In particular, the construction of premises and infrastructure objects will cost 93.6 million rubles, roads – 2.6 million…Details
TMK has started producing casing pipes with the unique TMK UP ULTRA GX thread joints. The first batch has been shipped to Samaraneftegaz, a daughter company of Rosneft. The new thread joints fully comply with ISO PAS 12835. TMK share in the segment of premium thread joints on the Russian market in January-September reached 81%.…Details
The United Mining and Chemical Company will invest 36 million UAH in its Volnogorsk Iron and Steel Works. According to the company statement, in October VGMK completed the replacement of 2 km of slurry pipeline valued at 5.2 million UAH. The company intends to go on with the project. Investments have been estimated on the…Details
In January-September the republic of Buryatia produced 266 tons of tungsten. The only tungsten manufacturer in the region is the Zakamensk company. Last year Zakamensk produced 569 tons of tungsten. In August the project of modernization of the processing machine with the capacity of 1 thousand tons of concentrate per year was approved. Investments since…Details
Metalloinvest and KAMAZ have signed a 3-year memorandum of cooperation in the sphere of high quality rolled metal (SBQ) deliveries. The metal will be produced at OEMK. According to the agreement KAMAZ has to place 80% of orders at OEMK. The price will be fixed each quarter. The parties will also discuss the creation of…Details
Metinvest-Resource LLC and Interpipe NTZ have won in two auctions on metal scrap sales held by Ukrzaliznytsia. In particular, Metinvest-Resource won the auction on the sale of 17.2 thousand tons of bulk scrap, having offered 109.871 million UAH, or 6387 UAH per ton. The starting price was 102.684 million UAH, or 5970 UAH per ton.…Details
Iran has exported alumina to Azerbaijan for the first time, Touraj Zare, managing director of Iran Alumina Company, said. Previously, Tajikistan was the only costumer of Iran’s alumina, but beginning from the current fiscal year (March 2017) Azerbaijan also has started the imports, Zare said, the press office of Iranian Mines and Mining Industries Development…Details
Lisichanskugol has ordered the Komsomolskaya Central Processing Factory the services of coal processing valued at 24.75 million UAH. According to the contract Lisichanskugol will be sending to the factory the DG-grade coal with the ash content of 43-51%, sulfur of 2.9-3.5%, moisture of 11.5-13.9% and the volatile matter of 42.3%. The coal concentrate after processing…Details
In January-October Severniy Mining and Processing Works produced 6.128 million tons of pellets, down by 17.6% YoY. Concentrate output dropped by 6%, to 9.372 million tons. In October SevGOK produced 562 thousand tons of pellets, 948 thousand tons of concentrate as opposed to 738 thousand tons of pellets and 905 thousand tons of concentrate in…Details
In January-October Beloretsk Iron and Steel Works increased sales of metal wares with high-added value. In particular, sales of stainless products for aviation, oil and gas, machine-building and automobile industries increased 2-fold. Sales of steel high-strength wire for ferroconcrete structures manufacture increased by 14% YoY, rebars threads for the construction of bridges and high-rise buildings…Details
Mechel-Service has supplied 1.5 thousand tons of beams for the construction of the covered hockey stadium “Yenisei” in Krasnoyarsk. The company also supplies metal for another major sports arena in Siberia – the fencing center in Novosibirsk. “The sale of beams at the Novosibirsk branch in January-October increased by 66% YoY. The Mechel metal is…Details
On November 12 Vostsibugol completed its annual export schedule. So far this year the company has exported over 1.1 million tons of coal. The increase in the export share began in 2008. Since then coal exports reached 5 million tons. Next year the company intends to start exporting coal from its new sites in Khakasia.…Details