The members of the Parliament did not like being called terrorists because of Kumtor, Saidulla Nyshanov said at a session of the Parliament on November 16. The deputies discussed scandalous amendments to the Water Code permitting work on Davydov and Lysyi glaciers. Deputies also visited Kumtor, as well as representatives of the government and the…Details
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Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…Details
Within its investment program ArcelorMittal Temirtau purchased special machinery valued at around $1.3 million for its Orken-Kentobe mine. In particular 4 new BelAZs have been put in operation. “The lifting capacity of the new machines is 55 tons. They have an increased passability and are completely computerized”, Orken-Kentobe transport director Sergey Shlepkin said. (Ukrainian metal)Details
In Q3 Lysva Iron and Steel Works received 91.5 million rubles of net losses, with the net loss of 218 million rubles in Q2, as opposed to 182 million rubles of net profit in Q3 2016. In January-September losses totaled 366.7 million rubles as opposed to 202 million rubles of net profit in January-September 2016.…Details
In January-September Russia imported 4.988 million tons of ferrous metals, up 1.53-fold YoY. The share of far foreign countries in the total import structure was 1.794 million tons, that of CIS countries – 3.194 million tons (1.13 million and 2.118 million tons in 9 months of 2016 respectively). Ferrous metals imports not counting pig iron,…Details
In January-October Interpipe Steel produced 702 thousand tons of steel, up by 34.2% YoY. In October output totaled 52 thousand tons, down from 80 thousand tons in September. According to the company statement, in 2016 it produced 614 thousand tons of steel, up by 2% YoY. Interpipe Steel is the first iron and steel works…Details
In January-September Buryatzoloto received 437 million rubles of losses as opposed to 870 million rubles of net profit in January-September 2016. In Q3 revenue dropped by 2.5 billion rubles, or by 38.6% YoY, to 4.04 billion rubles. Buryatzoloto is the largest gold manufacturer in the Republic of Buryatia. Last year it produced 98 thousand ounces…Details
Mikheyevsky Mining and Processing Works has finished the scheduled repairs of its autogenous grinding mill (AG mill). One of the processing lines was shut down for repairs, thus the output dropped by 50%. At the same time, the repair was carried out in 64 hours instead of 84. Mikheyevsky GOK is situated at the Mikheyevskoye…Details
In January-October Evraz Sukhaya Balka produced 2.08 million tons of iron ore, up by 7% YoY. In October the works yielded 233 thousand tons of ore. On November 7 Sukhaya Balka license to mine iron ore was prolonged for 20 years. In 2016 the company produced 2.564 million tons of ore, down by 8.8% YoY.…Details
Zaporozhogneupor, the largest manufacturer of refractories in Ukraine, has successfully passed a re-certification audit of its main manufacturing shops, departments and services for the compliance with ISO 9001:2015 requirements. TÜV Thüringen e.V. (Germany) carried out the audit on November 7-10 and confirmed the correspondence of the quality management system of the works to the standard.…Details
The insolvent KVV Liepajas metalurgs could be sold in parts in case a new investor is not found. According to the minister of economy Arvil Asheradens, one potential investor has been selected who wants to test the arc furnace. The tests are planned to be complete on December 19, after that the investor will decide…Details
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has supplied transformer steel to the Siemens Transformers plant based in the city of Voronezh, Central Russia. The steel product will be used to make a transformer for Burnoye Solar-2 solar power park, which is currently under construction in…Details
PJSC ArcelorMittal Kriviy Rih will allocate 15 million UAH in social projects for Shirokovskiy district, Dnepropetrovsk region, a place where company’s mining facilities are located. The Agreement on social co-operation for social & economic development between the state administration of Shirokovskiy district, Shirokovskiy district council and PJSC ArcelorMittal Kriviy Rih has been signed by Chief…Details