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Russia: VIZ-Stal output up in 2017

In 2017 VIZ-Stal increased output by 9%, to 161.6 thousand tons. Capacity loading remained high – 99%. Transformer rolled metal sales grew by 5%, to 160.9 thousand tons. The positive dynamics has to do with the restoration of the world demand for transformer steel and realization of projects aimed at improving product quality. Exports accounted…


Ukraine: AMKR investments up in 2017

PJSC ArcelorMittal Kriviy Rih summed up the results of its investment program implementation in 2017. Capital and operating expenditures increased by 48% YoY, from UAH 6.1 billion to UAH 9 billion. This money was spent on new facilities construction and equipment capital repairs, as well as environment improvement. Last year the company started construction of…


Tajikistan: KRL to mine gold at Pakrut

By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…


Armenia: metal output in 2017

In 2017 Armenia increased metal output by 11.3% YoY, after the 11.1% drop in 2016. According to the National Statistics Service, in 2017 ferromolybdenum production grew by 1.1% YoY, to 6588 tons, with December 2017 output at 490 tons, down by 15.1% MoM. Molybdenum concentrate output increased by 2.8%, to 10961 tons, with 828 tons…