AltayPolymetally Mining and Processing Works has been put into operation in the Karakalinsk district of the Karaganda region. The cost of the project is $400 million. Its capacity is 100 thousand tons of copper concentrate per year. 80% of the products are planned to be consumed on the local market, while 20% will be exported…
Mednogorsk Copper-Sulfur Works, a part of UGMK, has put a new oxygen station into operation with the capacity of 5.366 thousand cubic meters per hour. The current shop of technological oxygen was constructed in 1986. The new station will allow the company to increase copper output. The construction of the first stage will determine further…
In January-October output of refined copper dropped by 0.7% YoY. According to the Federal Service of State Statistics, copper foil output dropped by 13.7%, of wire – by 17%, while that of plates, sheets, strips and bars went up by 5.5%, of rods and sections – by 19.6%, all YoY. (Ukrainian metal)
The government of the Republic of Bashkortostan and the Bashkirskaya Med have signed an agreement on state support of the mine construction at the Yubileynoye deposits. The construction has been included into the list of priority investment objects of the republic. The government will grant tax preferences, while the company will invest 40.4 billion rubles…
In January-September KAZ Minerals produced 97.1 thousand tons of copper (in cathodes), up by 66% YoY. In Q3 the company produced 44.5 thousand tons of copper cathodes, up by 43% QoQ. KAZ Minerals increases output volumes at its Bozshakol and Aktogay works, which will allow it to reach the target of 135-145 thousand tons of…
Deputy Prime Minister Yury Trutnev has suggested the government study offering infrastructure support to the development of copper and gold fields of the Baimskaya area in Russia’s Chukotka Autonomous District, the local government said in a statement. Tycoon Roman Abramovich’s Millhouse won an auction for a 25-year license for the Baimskaya area in 2008 for…
In January-August copper output in Russia dropped by 2.1% YoY. According to the Federal Service of State Statistics, copper wire output dropped by 22.8%, foil – by 22.2%, but plate, sheet, bars and strips increased by 5.9%, of rods and sections – by 14.6%, all YoY. (Ukrainian metal)
Russia’s copper reserves were over 100 million tons as of 2015 year-end and they are not depleted at all, Minister of Natural Resources Sergey Donskoi said. “Russia is world’s third by copper resources and overcame the level of 100 million tons in 2015, and is sixth by production, supporting near 4-5% of global production”, Donskoi…
