In 2018 Kinross Gold has produced the 6-millionth ounce of gold at its Kupol mine since its commissioning. According to the company statement, in 2016 it produced 734143 ounces of gold. Kinross Gold is developing two deposits in Chukotka – Kupol and Dvoynoye. This year the company intends to start developing the Moroshka deposits. The…Details
In 2017 Uralelectromed galvanized 50.3 thousand tons of metal structures, up by 26 tons YoY.
The main customers were companies producing electricity stands and road fences.
Moreover, UEM has galvanized around 200 tons of structures for the construction of arenas in Yekaterinburg and Volgograd for the World Cup. (Ukrainian metal)
Uralelectromed has put in operation a new kiln made to order by Bosio.
The kiln has been assembled at the electrolysis copper slurry-roasting site.
The capacity of the kiln is 2.6 tons per day. The roasting temperature is 600-650 degrees C. (Ukrainian metal)
Gaysky Mining and Processing Works has finished the construction of a new electronic weighing complex on the territory of copper and zinc concentrate warehouse at the processing factory. The cost of construction exceeded 6 million rubles. The complex will weigh the ready-made products shipped via automobiles. The maximum weighing capacity of the complex is 100…Details
In 2017 Kamensk-Uralsky Non-Ferrous Metals Processing Works produced 23.6 thousand tons of metal, up by 17% YoY. Non-ferrous rolled metal output totaled 20.5 thousand tons, up by 14%. In the structure of manufacture the non-ferrous rolled metal occupies some 87%, with powder at 13% (3.1 thousand tons). As to the types of non-ferrous metals, rolled…Details
Viz-Stal has started assembling the new bridge crane to service the cold-rolling shop. The project is valued at 36 million rubles. The new-generation crane manufactured in Russia will replace the outdated previous machine. Its improved lifting capacity (22 tons instead of 20) will increase the speed of operation by 10%, while the energy-saving technologies will…Details
Energomashspetsstal will supply rolls to Essar Steel.
According to the contract signed in January, EMSS will produce and supply 6 supporting rolls for the hot-rolling mills.
The total weight of the order is 242.9 tons.
A part of the rolls will be delivered in Q3-Q4, while the rest in Q1-Q2 2019. (Ukrainian metal)
Russian aluminum producer RUSAL plans to spend more than 2.6 billion rubles to upgrade the Sayanogorsk aluminum plant in 2018, the company said in a statement. The bulk of investment will be spent on upgrade of the electrolytic reduction, casting and electrode production. The company will upgrade an automatic management system to boost efficiency of…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of 69.92 million UAH worth of fuel. In 2018 the company will supply 374 tons of A-92 Euro grade C or D type II gasoline at 33101 UAH per ton and 1960 tons of diesel fuel of Euro…Details
Volnogorsk Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of diesel fuel valued at 164.67 million UAH. This year the company has to supply 5800 tons of Euro K5, K5-VO fuel at 28392 UAH per ton. This is 3% cheaper than the average price on the market (29.260 UAH per…Details
Avdiivka Coke and Chemical Works is constructing a tube-type furnace to heat pitch in the coal pitch processing shop. In order to protect the construction site from weather, it has been covered with a special thermal cloth. Fan heaters keep the temperature inside at plus 14 degrees C. The framework has already been assembled, the…Details
Magnitogorsk Iron and Steel Works’ (MMK) cold-rolling mill 2000 has produced 10 million tons of finished products. Launched in 2011, the unit is one of MMK’s most modern and high-tech facilities. Mill 2000 has a production capacity of 2,100,000 tons per year and is a key element of PJSC MMK’s new cold-rolling complex at sheet…Details
Implementation issues of the program of guaranteed electricity supply to the new production facilities of the Navoi Mining and Metallurgical Combine (NMMC) were considered at a meeting chaired by Uzbek President Shavkat Mirziyoyev, the presidential press service said in a statement. The leadership and specialists of the Uzbekenergo JSC and its territorial facilities, NMMC, interested…Details
In 2017 Russia increased gold output by 7.9% YoY.
According to the Rosstat, silver production dropped by 0.6%.
In December 2017 gold output grew by 1.3% YoY, while silver – fell by 4.6%.
At the same time gold output growth was 2.5% MoM and silver – 45.7%. (Ukrainian metal)
In 2017 Bozshakol Mining and Processing Works produced 119 thousand ounces of gold, up almost 2-fold YoY. According to Kaz Minerals, ore output increased by 22%, to 34.6 million tons. “Processing grew by 112%, from 11.1 million tons to 24.6 million tons of ore. Average copper contents in the processed ore dropped from 0.56% in…Details
In 5 years Chepets Mechanical Works intends to increase revenue 1.7-fold, from 13.5 billion rubles in 2017 to 22.7 billion in 2022. The most prospective direction is the manufacture of titanium products. According to the experts, by 2022 the company share of the market could reach 30%, with machine-building enterprises its main customers. Last year…Details
Energomashspetsstal continues delivering rolls under previously concluded contracts. In December 2017 the company shipped over 100 tons of rolls to Zaporizhstal. The batch comprised 4 supporting rolls with the combined weight of 101 tons. 3 more rolls with the total weight of 76 tons were shipped to Mariupol Ilyich Iron and Steel Works. The corresponding…Details
Kosaya Gora Iron and Steel Works has won a tender to supply pig iron to Minsk Tractor Works (Belarus). In Q1 the company will deliver 9 thousand tons of pig iron to one of the world leading manufacturers of tractors. In 2017 KMZ increased ferromanganese output and sales – by 7.8 thousand tons and by…Details
The project to construct a new iron and steel works of Ishstal in Bashkortostan with the participation of Chinese investors has been suspended. The republican authorities have excluded it from the list of priority projects of the region. It was supposed that investments in the project would total over 6 billion rubles. The…Details
In 2017 Stoylensky Mining and Processing Works increased concentrate output by 3% YoY, to the record-high level of 16.08 million tons. Of this 6.5 million tons were used to produce iron ore pellets, and the rest (9.6 million tons) shipped to Novolipetsk Iron and Steel Works, which consumes 100% of SGOK products. Sinter ore manufacture…Details
In 2017 Severstal-Metiz started manufacturing over 100 new types of products, having increased its product range.
Among them are new types of steel sections, railroad fasteners and gauged rolled metal, etc.
In particular, last year Severstal-Metiz started producing railroad screw with fixed nut and became the exclusive supplier of Vossloh fasteners in Russia. (Ukrainian metal)
These activities imply comprehensive assessment of compliance of construction and operation of Udokan Mining and Metallurgical Plant with the environmental requirements established by the government of the Russian Federation with the aim to prevent negative impact that planned operation of the deposit might generate on the environment, including, among other things, recommended preventive and mitigation…Details
There is a conflict growing between militants of the so-called Donetsk and Lugansk People’s Republics, terrorist organizations created and supported by Russia, because of the coal deliveries to Zuyevskaya Thermal Power Plant, which could result in the complete halt of the plant and bring about a power crisis on the Russia-seized territories. “The warehouses of…Details
In 2017 Belarus Iron and Steel Works increased profit 5-fold, to $71 million. According to the company statement, sales revenue grew by 132%, to $1.166 billion. “Thanks to the stabilization of the situation on the raw materials market in September 2017, steel manufacture at BMZ reached 210 thousand tons per months. This provided for the…Details
Ukrainian businessman and owner of DCH Group Oleksandr Yaroslavsky held talks with U.S. and Chinese investors in Davos on the possibility of co-financing Sukha Balka mining with banks. He bought Sukha Balka in May of 2017 from Evraz. The businessman noted the prospects of this enterprise and the intention to attract co-financing for the implementation…Details
The new major shareholder of Petropavlovsk – the Kazakh businessman Kenes Rakishev intends to make the company sell its 31% stake in the iron ore IRC. The company share is estimated at $65 million, while the total debt of IRC of $233.75 million is the ICBC project financing with Petropavlovsk guarantees. The money was borrowed…Details