Ural Mining-Metallurgical Company intends in 7 years to construct and put into operation a mine in the Republic of Bashkortostan. Investments in the Podolsky mine will reach 54 billion rubles. According to UGMK CEO Andrei Kozitsyn, a financing agreement has been signed with Sberbank. The funds will be invested in the construction of the infrastructure,…
The Bank Otkrytie has provided the Ural Mining-Metallurgical Company with financing in the volume of 15 billion rubles until October 2021. The funds will be spent to refinance current loan obligations and cover operational expenses. “This financing will let UMMC increase business volumes, including by investing in its own development”, the bank said. “The loan…
The bank Otkrytie has provided the Ural Mining-Metallurgical Company with a financing in the volume of 15 billion rubles to be returned in October 2021. The funds will be spent to refinance the current loan obligations and cover operational expenses. “The financing from the bank Otkrytie will allow UMMC to increase business volumes, including by…
This year Ural Mining-Metallurgical Company intends to improve output. In particular, it expects to produce 390-400 thousand tons of cathode copper. In H1 the company produced 190-200 thousand tons. Zinc output is forecast on the level of 280 thousand tons, ferrous metals – 1 million tons, and coal – 45-46 million tons. (Ukrainian metal)
Uralelectromed, a part of UMMC, has acquired 41.75% of the Malyshevskoye Mine Group. According to the company statement, in September the Federal Antimonopoly Service allowed it to buy 100% of shares. The share of the MRU feldspar concentrates on the Russian market is 25-27%, and of mica concentrates – 80-85%. In 2015 Malyshevskoye Mine Group…
Ural Mining-Metallurgical Company has announced the merger of Electrocabel works and Kolchugino Non-Ferrous Metals Works. After all the legal procedures Kolchugtsvetmet will be managed by Cable Alliance, Electrocabel being a part of which. This decision was taken in view of the expansion of the cable business and the realization of the global program of Electrocabel…
Ural scientists have developed an innovative reagent that increases lead and zinc extraction during ore processing. It has already been tested at the deposits in Altai region, according to the UGMK scientific company Uralmekhanobr. Zinc and lead extraction using this reagent is increased by 3-7%. “We have been working on the techniques of using this…
In 2016 Ural Mining-Metallurgical Company is going to decrease copper cathodes output by 10% YoY. According to the company CEO Andrei Kozitsyn, the targeted amount is 350 thousand tons. He gave two reasons for this: the decrease of copper contents in ore with the same level of output (24-25 million tons per year) and the…