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SL Zoloto, a joint venture between Polyus and Rostec-Business Development, has initiated a 180,000-meter survey drilling program at Sukhoi Log, the biggest gold greenfield project, in Russia’s Irkutsk region, Polyus said in a statement on November 21. “The campaign, which is scheduled to last for two years, will provide the basis for Polyus to update…
DetailsThe ex-director of the state enterprise Volynugol will pay for the damages done to an employee by illegal firing. According to the Novovolynsk city-district court, the claim of the regional prosecutors has been granted. Now the state enterprise, represented by its ex-director, has to pay 24.5 thousand UAH to the employee as the average salary…
DetailsThe ChTPZ Group has started producing a new type of long pipes of stainless chromium-nickel steel with the diameter of 20 mm, wall thickness of 2 mm and the length of 18-20.3 meters. The manufacturing process is organized at Pervouralsky Pipe Works. The first batch of pipes with the combined length of 24 thousand meters…
DetailsIn January-September the gold-mining company Vysochaishiy received 2.3 billion rubles of net profit, down 2-fold YoY. Revenue dropped by 28.1%, to 7.37 billion rubles. Gross profit fell 1.6-fold, to 3.9 billion rubles, sales profit – 1.8-fold, to 3.37 billion rubles. In 2016 Vysochaishiy produced over 5 tons of gold, including 4.8 tons in Irkutsk region.…
DetailsUGMK-OTsM has presented a new product on the Russian market – the Cu+ antimicrobial copper. The company has already sold the first batch of rolled Cu+. The Moscow-based Delis Food company purchased 2 tons of M2 copper foil with the size of 0.05×500 mm according to GOST 1173-2006. Delis Food has started work to obtain…
DetailsThe second stage of the rolling complex project at Kamensk-Uralsky Iron and Steel Works is in full swing. So far 42 ingots have been rolled and the first batch of hot-rolled plates (thickness of 150-250 mm and length of 10-26 m) of aluminum alloys has been produced. The quality of the rolled metal meets ASTM…
DetailsIn January-October Zabaykalye region produced 1247.5 tons of tungsten concentrate, down by 14% YoY. In October output totaled 88.8 tons. The decrease is connected with the drop of tungsten contents in ore. 2 enterprises mine for tungsten ore in the region. Novoorlovsky Mining and Processing Works provides for 96% of the output, while Bom-Gorkhonsky Mine…
DetailsIn January-October Chukotka Autonomous District mined 400.8 thousand tons of coal, up by 83% YoY. Of this volume, Shakta Ugolnaya provided 178.3 thousand tons, down by 19%. The second largest miner in the region is Beringpromugol LLC, developing the Fandyushkinskoye deposits since December 2016. This year the company has mined 222.5 thousand tons. (Ukrainian metal)
DetailsIn January-September Ksenievsky Priisk received 372.3 million rubles of net profit, down by 3% YoY. Revenue increased by 14% YoY, to 1.729 billion rubles. Sales profit reached 493.4 million rubles, up by 9%. In 9 months the company mined 800 kg of gold. (Ukrainian metal)
DetailsRaspadskaya has fulfilled its annual coalmining plan in advance. The company has yielded 5.528 million tons of coal so far. At present the mine is preparing and developing 11 sites. The mining is carried out at the 4-10-29 long face; in late September the 4-6-33 long face with the reserves of 3.5 million tons of…
DetailsBratsk Aluminum Works has been named among the best enterprises of Irkutsk region in 2016. “This award is deserved. Bratsk Aluminum Works is a responsible employer; our collective agreement has been named the most efficient in the industry. The company is also a reliable partner of the regional authorities in social issues”, BrAZ managing director…
DetailsThe rail and beam shop of Evraz NTMK has started producing a new type of rolled metal – the 40P channel. At present Evraz NTMK is the only producer of such a channel in Russia. The new hot-rolled channel is made of steel to order, including of 09G2S stainless steel, which can be used in…
DetailsThe world demand for aluminum in 2017 will grow by 5.9% YoY, to 63.1 million tons, because of the improvement on markets outside of China by 3.9%, to 29.3 million tons, and in China – by 7.7%, to 33.8 million tons. According to Rusal forecasts, shortage will total 1.1 million tons of aluminum, up from…
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