Metals and mining

Kazzinc and Verny Capital to purchase gold-producing Orion Minerals for 30 billion tenge

The Kazakh mining and metallurgical corporation Kazzinc and the investment company Verny Capital are to purchase the gold-producing company Orion Minerals, which owns rights of subsoil use at the Raygorodok and Komarovsk gold deposits in north Kazakhstan, Verny Capital reported.

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In 2012, losses of Ukrainian metallurgic sector increased 3.3 times

According to preliminary data, on results of 2012 losses of the Ukrainian metallurgic sector increased 3.3 times or by 9.5 billion hryvnias as compared to 2011 to 13.7 billion hryvnias, the UNIAN writes.
This was reported by the General Director of the Association of metallurgic plants Metallurgprom Vasily Kharakhulakh in interview to the UNIAN.

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The project of Mikheyevsky GOK passes the state appraisal

The design documents of Mikheyevsky mining and concentration complex (GOK) passed the state appraisal. Thus, the large-scale investment project will be fulfilled in the full volume.
At the beginning of 2013,the Mikheyevsky GOK obtained a positive decision from the RF State Expert Evaluation Department. And recently the company has obtained a positive conclusion from the state expert evaluation confirming that the project has observed all necessary norms from the points of technology, efficiency of the equipment and the disposition of this equipment on the territory as well as ecological safety norms.

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The state claims that Ufaleynickel must return the borrowed metal as soon as possible

This week the Supreme Arbitration Court of the RF will specify the date
of consideration of the lawsuit of the Federal State Reserve Agency against
Ufaleynickel Plc. the agency claims that Ufaleynickel must hasten the returning
of 2,900 tons of nickel borrowed from the state in 1990-s. the one-time
returning of such amount of the products can result in bankruptcy of the township-forming
enterprise of Upper Ufaley (46 thousand citizens).

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Dneprospetsstal needs more orders on special steel

2012 was rather complicated for the only Ukrainian producer of special steel and alloys Dneprospetsstal (Zaporozhye). The point was not even in the fulfillment of production plan but the complications due to the reduction of the orders portfolio and the growth of prices of the resources, including energy. The state was in no haste to pay its debts as well. Read more »

Norilsk Nickel made technological breakthrough in Arctic shipping industry

GMK “Norilsk Nickel” keeps creating its icebreaker fleet, which meets the demand of the Arctic shipping industry.

As it is known, the history of the Arctic shipping industry is connected with the use of ice-breakers and an aim to build a transport vessel, which will be able to move at any ice conditions without icebreaker support.

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Severstal to build heat-treating machine to increase production of EHS steel

The Cherepovets metallurgical complex, one of the largest integrated steel plants in the world (Severstal Russian Steel Division) will put into operation a new heat-treating machine in 2013. The total value of the project will make up 246 million rubles.

The project is aimed at the increase of the production of mill-2800 thick plate out of EHS steel with new application properties for such branches of industry as shipbuilding, bridge building and the production of heavy duty machines. Read more »

KUMZ goes on building a new rolling complex

Kamensk-Uralsk metallurgic plant (KUMZ) goes on building the new rolling complex, the technical equipment of which will exceed all Russian and European analogues. Its foundation will provide deliveries of qualitatively new (in configuration and nomenclature) semi-finished products, increase the share of Russian products made of the latest aluminium and aluminium-lithium alloys to at least 20% of total sales of aluminium semi-finished products to leading Russian and foreign aircraft building corporations (Boeing, Airbus, Bombardier etc.). Read more »

Severstal SMTs-Kolpino develops the strategy of the production of high added value products

Severstal SMTs-Kolpino started purchasing the equipment for production of high added value products.

“The new equipment will help to increase the efficiency of production and considerably widen the assortment of the blanks produced for such clients in machine-building industry as Kartex, KOMATSU and Caterpillar”, General Director of Severstal SMTs-Kolpino Alexander Sirotin said. Read more »

KUMZ obtains financing from Rosbank

Rosbank and Kamensk-Uralsk metallurgical plant (KUMZ) have signed an agreement about the opening of a credit line at the rate of 300 million rubles for 18 months. The financing is aimed at fulfilment of the enterprise’s statutory activity. Read more »

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