ArcelorMittal Temirtau has put into operation a new 8 D1-2 breakage face at the Shakhtinskaya mine. The company has invested over 500 million tenge into the face. The coal reserves there are estimated at 590 thousand tons. Average daily output will be 3 thousand tons. The new breakage face will be developed for 9 months.…Details
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Kyshtym Electrolytic Copper Plant is modernizing its copper wire rod shop. The company intends to replace the casting machine, increase the wheel diameter, furnace capacity, and assemble new engines. This will allow improving the speed of the technological chain to 20 tons per hour and output to 140 thousand tons of copper wire rod per…Details
Egypt decided to prolong temporarily antidumping duties on rebars, produced in Ukraine, Turkey and China, for 2 months. The size of the duty is 15-27% CIF for Ukraine, 10-19% CIF for Turkey and 17% CIF for China. Egypt introduced duties on imported rebars in June for 4 months. The decision was taken to protect local…Details
International rating agency Moody’s has improved its outlook of corporate ratings of Russian aluminum giant UC RUSAL to Positive from Stable, affirmed the corporate credit rating at Ba3 and the probability of default rating at Ba3-PD, the agency said in a research note late on September 26. Moody’s improved the outlook due to deleverage of…Details
Reclamation of the uranium-tailing dump near Min-Kush village in Naryn region of Kyrgyzstan has started, the Director of the Center for State Regulation of Environmental Protection and Ecological Safety under the State Agency for Environmental Protection and Forestry, Baigabyl Tolongutov, reported. According to him, the reclamation was started by Rosatom (Russia). It plans to spend…Details
Uzbekistan transferred the state share in the authorized capital of JSC “Uzmetkombinat” to the trust management of SFI Management Group. According to the agreement, all the deputies of the chairman of “Uzmetkombinat” will be appointed and dismissed from their positions by the supervisory board on the proposal of the SFI Management Group. The company will…Details
In January-July, according to the customs statistics, Russia imported 345.1 thousand tons of polymer-coated steel, up by 34.3% YoY, and by 3.3% from 2015, but much lower than in the previous 5 years. The main supplier was China (62%). The average price was $796.7 per ton. Deliveries went up by 85.4% YoY, and price –…Details
In July, according to the customs statistics, imports of rolled plate from Austria totaled 16.3 thousand tons, up by 24.4% MoM. In June exports dropped by 57%, but May saw the highest monthly result of 30.7 thousand tons since October 2016, when Russia started importing plates from Austria. In January-July Russia imported 146.7 thousand tons…Details
By the end of the year Central Asia Metals intends to have concluded the deal on buying 100% of Lynx Resources Limited, which owns zinc-lead-silver deposits SASA in Macedonia. The deal is estimated at $402.5 million. In H1 SASA yielded 391 thousand tons of ore, producing 10.7 thousand tons of zinc and 14.9 thousand tons…Details
Korshunovsky Mining and Processing Works has started supplying iron ore concentrate to the Elgaugol LLC Elga factory. So far the first batch of 190 tons has been shipped. By the end of the year KGOK will have supplied some 1140 tons of concentrate. In 2018 the Elga factory will be receiving 190 tons of concentrate…Details
The Zeyskaya Taiga LLC, which extracts alluvial gold in Amur region, has so far obtained 80 kg of gold, up from its target of 65 kg. According to the company statement, the season is expected to be completed in early October. In 2014 the company yielded 14.3 kg of gold, in 2015 – 32.2 kg,…Details
In 2017 zinc output at Chelyabinsk Zinc Works could grow by 5% YoY, to 183 thousand tons. According to the company CEO Pavel Izbrecht, indium output should total 4.5 tons. Favorable market situation allowed the company in 2016 to get the revenue of 28 billion rubles and the net profit of 3.2 billion rubles, investing…Details
By 2018 Sakha Sino Stal will have completed the construction of a plant to produce metal structures with the capacity of 500 tons per month near the city of Yakutsk. The structures will be made of steel used under low temperatures. Sakha Sino Stal was registered in September; its main activities are manufacture of metal…Details