Metals and mining

Kinross started prospecting and evaluation works in the Providensky district

CJSC “Chukotskaya GGK” (belongs to Kinross Gold) has introduced a schedule of geological exploration at 2 new prospective sites,the Erguveem and Pepenveem in the Providensky district, which the company acquired in February 2013, to the regional administration.
“Chukotskaya GGK” has already started prospecting and evaluation survey at the licensed territory. They will extend this until November. There caried out geochemical prospecting – sample collection on a regular (systematic) network. It will allow the evaluating of the possibility of finding out minerals (gold, silver and other metals). Further geological exploration for 2014-2017 will be planned following the current results.

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In June, Cherepovets metallurgic plant produced record volume of pre-painted galvanized iron

In June, the Cherepovets metallurgic plant (CherMK, a part of the division of Severstal Russian Steel) produced a record volume of pre-painted galvanized iron – over 38 thousand tons.
“Produced 38 thousand tons of pre-painted galvanized iron, we exceeded the estimated productivity of lines. Staff of the two polymer coating lines have shown high industrial rates from the beginning of the year. As a result in the first six months the production of pre-painted galvanized iron grew by 17% as compared with the same period of 2012 to 213 thousand tons,” – the Director on Production and Chief Engineer of the division, Andrei Lutsenko said.

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The North Ural bauxite to be in demand, RusAl

The first deputy director of RusAl V.Solovyev answered the questions of the staff of “SUBR” at a conference “RusAl-2013: new challenges”, held recently. The press-service of OJSC “SUBR” stated.
Any employee, whose working area is equipped with the computer, could ask a question. They were mostly interested in the development of the enterprise in the near future.
V.Solovyev said that the construction of the mine “Cheremukhovskaya-Glubokaya” will be finished in Q1, 2014. The reduction of the prime cost of bauxite production at SUBR is expected with the start of operations at the mine, besides an increase of production.

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Minprirody Russia suggests giving a number of assets on geological exploration to Rosgeologia

The Ministry of Environment of Russia (Minprirody) suggests giving a number of geological exploration entities to Rosgeologia. The deputy Minister of Energy V.Pak said during the meeting of Rosgeologia with the heads of the subsidiaries.
Rosgeologia is to pay attention to hydrocarbon exploration. So, Minprirody is about to support the management of the company in transference of the assets, focused on the exploration of hydrocarbons, to the holding.

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TMK increases dispatch of pipes by 2%

The Pipe Metallurgical Company (TMK) has announced its operational results of the first half of 2013.
In the first half of the year TMK has dispatched 2.140 million tons of steel pipes – by 2% more than in the first half of 2012. The dispatch in the second quarter of 2013 has also increased by 2% compared to Q1, 2013.
The dispatch of weldless pipes was reduced by 1% compared to the same period in 2012, having made up 1.244 thousand tons in the first half of 2013. In Q2 the dispatch has also reduced by 1% compared to Q1, 2013 and made up 619 thousand tons.

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NLMK to plan to increase sales of steel sheet for European car industry 2.5 times

The NLMK Group plans to increase supplies of steel flat products to European car producers 2.5 times to 1 million tons from the current 400 thousand tons, the President and Chairman of the NLMK’s Management, Oleg Bagrin stated to journalists.

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Tyumen works of UMMK has made first metal batch

The construction of the mini-mill with annual capacity of 550,000 tons of sort rolled steel is nearly completed. The enterprise has started the execution of complex technological testing and accepting of the main aggregates, including the electric furnace, the ladle furnace, the vacuuming machine, the uninterrupted casting machine and the rolling mill. Starting and assembling will be performed by the personnel of the plant under the governance of the specialists of the Italian supplier.

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Why Metinvest wants to get new ore deposits

The Group Metinvest has concluded an agreement with the Canadian Black Iron on development of the Shimanovsk and Zelenovsk iron ore deposits, which are controlled by the latter. What makes the company of Rinat Akhmetov to participate in these projects?
The mining and metallurgic company of Rinat Akhmetiv and Vadim Novinsky may receive access to new iron ore deposits in the Ukraine. On Tuesday, July 23, the press centre of Metinvest (Akhmetov’s SKM owns 71.25%, Novinsky’s Smart holding company – 23.75%) reported about conclusion of an agreement with Canadian Black Iron on possible participation in joint-stock capital of the latter. The price of the issue is feasibility study for over $1 billion, 49 % of Black Iron and possible investments into development of Ukrainian ore deposits, licensed by the Canadian company, in the amount of $20-536 million.

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By 2015, NLMK to plan to increase its share at reinforcement market from 17% to 23%

By 2015, NLMK plans to increase its share at the Russian reinforcement market to 23% from 17% by results of 2012, because its new plant in Kaluga will reach its designated capacity, the President and Chairman of the NLMK’s Management, Oleg Bagrin reported to journalists.

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Copper industry increases production of some goods

In January-June,the production of refined copper reduced by 1.2%, the Federal state Statistics Service reported.

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