Taganrog Iron and Steel Works has been granted tax exemptions for almost 200 million rubles from the Rostov region till 2019. For the past 10 years Tagmet has invested over 32 billion rubles in its technical revamping, which has made it one of the major seamless pipe manufacturers in the world. The company has orders…Details
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So far this year the Niman artel LLC has obtained 98 kg of gold, up by 6 kg YoY. Niman washes for alluvial gold in the Verkhebureinsky district of Khabarovsk krai. The industrial season started in early May. In the first month of operation the company washed 20 kg of gold. (Ukrainian metal)Details
Severstal will supply 1300 tons of hot-rolled sheet of various grades to Uralmash NGO Holding LLC to produce drilling rigs. The sheets will be delivered by Severstal Distribution directly from Cherepovets Iron and Steel Works. (Ukrainian metal)Details
In 2017 Ural Mining and Metallurgical Company plans to produce 280 thousand tons of zinc, up by 8-10% YOY. Cathode copper output is expected to reach 360 thousand tons. (Ukrainian metal)Details
According to TMK-Premium-Service CEO Sergey Rekin, new difficulties in hydrocarbons extraction make it necessary to invent new approaches to products used in construction and development of oil and gas shafts. That is why TMK is aiming at producing such pipes that meet all the requirements and have improved parameters. (Ukrainian metal)Details
All the mines in Volyn region might be operated by one newly created enterprise. The idea was voiced by the regional state administration chairman Vladimir Gunchik. “The changes are necessary, as at present the mines simply eat up state money. All the accounting and bookkeeping should be united into one and construction of mine No.…Details
Mednogorsk Copper-Sulfur Works, a part of UMMC, estimates its gold reserves at the Yelanskoye deposits in Voronezh region at 7.2 tons. Moreover, the deposits also hide 502.3 thousand tons of nickel, 58 thousand tons of copper, 15.3 thousand tons of cobalt, 2.9 tons of platinum and 3 tons of palladium. MMSK received the license to…Details
Russia’s state-owned Vnesheconombank (VEB) plans to approve restructuring of a $167 million metals and mining group Mechel’s debt until the end of this month, CEO Sergei Gorkov said on July 10. “We believe that it (restructuring) will be probably approved by the end of the month,” he said. The company said earlier it had agreed…Details
The decree on the prolongation of the ferrous scrap export duty on 30 euro per ton for 2 years cannot be vetoed by the president of Ukraine, the member of the parliament, the chairman of the parliament committee on industrial policy and entrepreneurship Victor Galasyuk believes. “The term to sign or veto the decree given…Details
According to the railroad statistics, in June direct deliveries of ferrous metals to major ship-building and repair companies totaled 7.8 thousand tons, down by 35.5% MoM and by 56% YoY. In May the results were down by 15.5% MoM, but up by 2.2% YoY. In January-June Russian ship-building and repair companies received 66.6 thousand tons…Details
Asha Iron and Steel Works is assembling a new electric muffle furnace at its sheet-rolling shop No. 3. When the furnace is put into operation, the cycle of thermo-chemical processing of heat- and corrosion-resistant steel and alloys will be complete. The smelting chamber of the furnace has the width 750 mm, thrice that of the…Details
The Russian Copper Company intends to continue developing its metal manufacturing capacities. In particular, the group wants to increase output at Kyshtym Electrolysis Copper Plant. The group has found a way to increase copper cathodes and copper rolled wire output at KMEZ to 0.14 million tons per year each. The investment program will be carried…Details
ChTPZ Group and Siemens have concluded an agreement on strategic partnership for 5 years. The document has been signed by ChTPZ pipe division CEO Alexander Grubman and Siemens president Dietrich Moeller. The agreement presupposes joint realization of projects of industrial automatization and implementation of complex energy efficient solutions at ChTPZ. One of the main issues…Details