Ingulskaya mine of the state enterprise VostGOK has stopped mining uranium ore. According to the mine union, the operation stopped on May 31, and the idleness has already resulted in the decrease of output by 45 million UAH, while the local and state budgets will not receive some 2.9 million UAH of various taxes. The…Details
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VIZ-Stal has started the second stage of its machinery modernization. The combined total of both stages is 350 million rubles. This year the company will put 30 stands of bell type furnace in operation. By 2021 the company will have replaced 70% of its bell type furnaces. VIZ-Stal is a major world and the largest…Details
Sberbank has opened a 800-million ruble loan to Pskovvtormet. The money will be spent to finance the company current activity and fulfill current obligations. Pskovvtormet was created in 1993 and is a leading enterprise in Pskov region, procuring, processing and selling ferrous scrap and wastes. The company has 16 sites in various regions, with several…Details
In May Profil-Akras produced 15.6 thousand tons of pipes and sold 17 thousand tons, with 2.2 thousand tons exported. The Pipe Works “Profil-Akras” named after Makarov specializes in the manufacture of electric-welded pipes for water and gas pipelines and heating systems. (Ukrainian metal)Details
In January-May Magadan region obtained 6.1 tons of ore gold and 1.4 tons of alluvial gold. Gold output in the region increased by 47% YoY, mostly due to the gold-mining company Pavlik, which in 5 months mined 1.5 tons of ore gold. This year the region intends to get 30.5 tons of gold (14.8 tons…Details
Uchaly Mining and Processing Works carries out the technical modernization of its processing factory grinding shop. In particular a 3200 mm ball mill has been replaced with a 3600 mm ball mill. “The replacement of the mill allows us reaching finer grinding of ore, which will improve copper and zinc extraction”, the company manufacturing-technical department…Details
Cherepovets Iron and Steel Works has finished the disassembly of its coking battery No. 4. All the work was performed in a record-short time – just 5 days. At present the concrete structures of the foundation are being examined. Then the refractory lining will be made. The total cost of the project is 6 billion…Details
UC RUSAL has offered RusHydro a stake in the future $1.4-1.6 billion Taishet Aluminum Smelter in exchange for some debt of the smelter and a discount for the power the hydropower company will sell to it. Earlier in June, RUSAL CEO Vladislav Solovyov said that the company offered RusHydro a 50% stake in a project…Details
In January-April Russia exported 238.5 thousand tons of ferroalloys, down by 20.5% YoY, valued at $413 million, up by 14% YoY. The main importers, according to the customs statistics, were the Netherlands (75.2 thousand tons, down by 22.5%), followed by Japan (44.8 thousand tons, down by 4.7%) and South Korea (27.7 thousand tons, up by…Details
Volnogorsk Mining and Processing Works has ordered BelAZ Technocenter LLC the delivery of 51.73 million UAH worth of trucks. This year the company will supply 6 quarry dump trucks BelAZ-75473 with the lifting capacity of 45 tons at 8.62 million UAH apiece. The trucks must have been manufactured not earlier than in 2011. (Ukrainian metal)Details
In January-May Azerbaijan obtained 1741.6 kg of gold, up 2.2-fold YoY. According to the State Statistics Committee, in May gold output totaled 1369.5 kg, up from 187.2 kg in May 2016. Last year Azerbaijan mined 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)Details
Dneprovsky Iron and Steel Combine has announced a tender for insurance services. According to the company statement, a participant of the tender should be a legal entity, should have letters of recommendation and experience of working with iron and steel works. (Ukrainian metal)Details
Since the year start Zabaikalsky region has yielded 2001.02 kg of gold and 9.1 million tons of coal. In May the output was 1009.5 kg of gold and 1.3 million tons of coal. The region also produced 148.5 tons of tungsten concentrate, 3.1 thousand tons of lead and 776 tons of zinc. At present around…Details