Polyus Aldan, a unit of the Russian gold producer Polyus, has won a 15-year license to develop the Somnitelnoye gold field in the republic of Yakutia with a 12.76-million ruble bid, according to the results of the auction. The deposit is located 25 kilometers off the city of Aldan and has C1 reserves of 1.254…
DetailsKAZ Minerals has rented 2.5 thousand square meters of offices on the 16th floor of the Mercury Tower in the Moscow-City Business Center. The company will have its Russian headquarters in the tower. The opening is scheduled for late Q1 2020. (Ukrainian metal)
DetailsThe subsidiaries of the United Mining and Chemical Company have concluded four contracts with the United Global Logistic LLC on the transportation services valued at 402.04 million UAH. For 2020 Irshansk Mining and Processing Works has ordered railroad transportation of cargo valued at 349.77 million UAH, and Volnogorsk Mining and Processing Works – 52.27 million…
DetailsZaporizhstal has become a winner of the Ukrainian rating “Econtransformation-2019” in the “Leader of Ecoinvestments” nomination. The company has been awarded for its investment program on ecological modernization carried out in 7 years. Since 2012 Zaporizhstal has invested some 11 billion UAH in the modernization of its manufacture. In particular, the company has completely modernized…
DetailsUntil the end of the year Seligdar will sell 24.3 kg of refined gold manufactured by Samolazovskoye LLC. The corresponding contract was concluded on December 16. Seligdar will receive a remuneration in the amount of 1% from the sales, without VAT. The expected volume of the deal exceeds 50% of Samolazovskoye LLC assets value (95…
DetailsIn 2019 the Republic of Yakutia intends to extract 34.7 tons of gold, which would exceed the historical maximum of the Soviet Union. The republic is one of the three largest gold extractors in Russia. In September a new mining and processing works was commissioned at the Vertikalnoye silver deposit. The enterprise already employs over…
DetailsOn December 18 the steel wire shop No. 1 of Belarus Iron and Steel Works shipped its 2-millionth ton of metal wares. The result has been achieved in 32 years of operation. The anniversary ton was shipped to a Nokian Tyres plant. Until the end of the year BMZ intends to export 6.5 million tons…
DetailsBeloretsk Iron and Steel Works alloyed wire shop No. 11 has turned 50 years old. Since its commission the shop has produced over 4.5 million tons of metal wares, enough to load 70 thousand railroad cars. BMK began constructing one of the largest shops in the country in 1962. In December 1969 the first stage…
DetailsSeverstal Russian Steel has approved of a construction task and technical documentation needed to start producing machinery for the ball-rolling mill No. 3 at Cherepovets Iron and Steel Works. The total cost of the project is 1 billion rubles. CherMK operates two ball-rolling mills producing balls with the diameter of 20 to 40 and 30…
DetailsA company, connected with TMK and ChTPZ, have gained control over the electrometallurgical works in Smolensk region, which could have become a Zagorsky Pipe Works (ZTZ) site to produce seamless pipes. Pervouralsky Pipe-Rolling Plant has become a mortgagee of Parus LLC, owner of the Electrometallurgical Foundry-Rolling Works in Yartsevo. ZTZ intended to produce 400-450 thousand…
DetailsCherepovets Iron and Steel Works is constructing a 110 kW high-voltage line at its manufacturing site. The cost of the project exceeds 1.5 billion rubles. The goal of the project is to provide the company with its own electricity. The project is expected to be completed in December 2020. (Ukrainian metal)
DetailsUntil January 15, 2020 companies producing rolled metal for construction will be inspected. The experts will check whether the companies comply with the set quality and safety standards. The corresponding government decision was taken on December 14. Until March 1, 2020 all the laboratories controlling rolled metal quality and safety have to be modernized. Moreover,…
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