Metals and mining

Norilsk Nickel starts placing the debenture issue at the amount of 35 billion RUR

On February 25, 2013 Norilsk Nickel Plc. will open the book of applications for purchase of the commercial papers of BO-01, BO-02 and BO-04 series at the amount of 35 billion RUR. It is specified in the company’s report,

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Kazakhstan to launch a gold refinery in December

Tau-Ken Altyn LLP is going to launch production at a new gold refinery in Astana. The capacity of the plant makes up 25 tons of gold, director of the company Meyramgaliy Tleuzhanov reported at the forum devoted to precious metals in Russia and the CIS.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In February, NLMK will reduced rolled steel dispatch

In February, NLMK will reduce rolled steel dispatch by 15% to 394,000 tons. The main factors for the reduction is the lower number of work days and the improvement of the state of affairs at export market of semi-finished items. Hot rolled steel dispatch will decline by 12% to 185,000 tons, including 96,000 tons (-20%) to the internal market and 16,000 tons to VIZ-Stal (-11%). Exports will increase by 2% to 89,000 tons. Colled rolled steel dispatch will reduce by 16% to 137,000 tons, including 76,000 tons (-4%) to the internal market and 61,000 tons to abroad (-27%).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Severstal to intend to participate in implementation of the project “Power of Siberia”

The Severstal’s assets – the Izhorsk pipe plant and Block 5000 of CherMK’s rolling mill-3, located in St. Petersburg, plan to participate in the new Gazprom’s gas-transport project, called “Power of Siberia”.
The Izhorsk pipe plant, specialized in the production of large-diameter pipes from strip material, made by the Cherepovetsk metallurgic plant (the both assets belong to Severstal Russian Steel), has all necessary technological groundwork for the participation in such projects. At present, the technology of production of highly deformed pipes with special properties for the use in zones of active tectonic faults, crossing the location of the gas-transport system “Power of Siberia”, is designed on basis of the Izhorsk pipe plant with the participation of Gazprom’s specialists.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In 2012, Russia produced 226 tons of gold

In 2012, Russia produced 226 tons of gold, by 7% more than in 2011, the chief of Gold producers Union of Russia S. Kashuba says. Own extraction and production were 222 tons, gold concentrate yield were 4 tons. Secondary production is 8.5 tons.
If global gold price remains high then Russia can annually increase gold production by 5% until 2020. Major growth in production is provided by Polyus Gold and Polymetal.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Polymetal buys 700,000 ounce of gold at Maminskoye deposit

Polymetal International Plc. announces that its 100% subsidiary Polymetal JSC has closed agreement with Vitalex Investments Ltd and Arrowline Investments Ltd binding itself to purchase 100% in Maminskaya Ore Mining Company CJSC (MGK Company)holding the license for production and exploration at the Maminskoye golden ore field, valid until 2023. The price of MGK is $95.5 million. One of the sellers and the majority owner of MGK is the former chief of Highland Gold I. Kulakov. In November 2012, MGK announced that Mr.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK to develop cooperation with TMK

A regular meeting of Coordination Council of MMK and Pipe metallurgic company (TMK) has taken place at the Magnitogorsk metallurgic plant.
This meeting of the Coordination Council of two large metallurgic companies became the 15th in the history. Representatives of technical and commercial Departments of MMK and TMK meet two times a year to discuss actual questions of the cooperation and its development. Recall, the partnership of MMK and TMK develops within the framework of the memorandum on strategic cooperation through until 2015, signed in 2007.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

OMK has purchased Blagovetschensk hardware plant

OMK has purchased 99.34% in Blagovetschensk hardware plant located in Bashkortostan. It’s one of the Russian oldest enterprises producing pipeline hardware. The purchase will give OMK an opportunity to enter a new market segment, enlarge production assortment and introduce complex supplies for oil and gas companies. Thus, it will strengthen market positions of OMK.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

CherMK increases supplies for enterprises of the Vologda region by 19%

Last year, the Cherepovets metallurgical plant increased the supply of rolled metal and joint products to enterprises of the Vologda region by 19% as compared to the previous year. The total supply volume made up 2.65 million tons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Large golden ore deposit has been discovered in Yakutia

Geologists have discovered the Gora Rudnaya deposit at the Lebediny ore site in Yakutia, with prospected reserves of 200 tons of gold, the Ministry of Economy and Industrial Policy of the region reports referring to the First Vice Director of the State Geology Committee V. Kalashnikov.
Three years ago Yakutskgeologiya offered to start once more prospecting at the Lebediny ore site, hoping to discover golden ore objects non-traditional for this territory. The work was performed at the expense of the federal budget.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer