Metals and mining

Russian Copper Company and Sberbank of Russia to extend cooperation

Sberbank of Russia and Russian Copper Company (RMK) have concluded an agreement on cooperation. The document was signed by the Chairman of the Sberbank’s Ural bank Vladimir Cherkashin and Chairman of the RMK’s Board Igor Alrushkin.
The agreement is aimed at development of the long-term cooperation between the bank and RMK. Particularly, Sberbank of Russia will consider an application for financing of the Tominsk field development project and construction of an ore-dressing and processing enterprise. The value of the project is 44 billion rubles, 30 billion of which are planned to be financed on account of the bank’s funds. The construction is supposed to be carried out in two stages. The first one, which will be launched in September of 2015, provides for processing of 17 million tons of ore per year. The second one will be launched in September of 2017 and will allow the company to increase the productivity up to 28 million tons of ore per year. Besides, the construction of a leach plant with capacity of 10 thousand tons of copper cathodes per year is planned.

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In H1, ArcelorMittal Aktau increased output of products for oil sector by 75%

In January-June of 2013, the Aktau pipe plant ArcelorMittal Aktau produced 3 thousand tons of products for the oil and gas sector that is by 75% more than in the same period of 2012, the company’s press centre reported.
According to the  press release, in particular, the enterprise supplied production to such customers as the Caspian pipeline consortium, AGP gas pipeline and the Turkmenoi OMV Petrom pipeline.

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Raspadskaya increased coal production in H1, 2013

The production at the enterprises of OJSC “Raspadskaya” made up 3.961 million tons of rough coal in the first half of 2013 (+15% against H1, 2012). In the second quarter of 2013 coal production went down by 25% against the first quarter 2013 and made up 1.7 million tons. The decrease in Q2 is due to a suspension of operation at the “Raspadskaya” and a scheduled resetting of the long face at the mine “MUK-96”, the company says.

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RMK to increase copper production 1.5 fold by 2015

Russian Copper company (RMK), the third largest copper producer in the Russian Federation, is about to increase copper production by 1.5 times by 2015 at the expense of development of 2 deposits in the Chelyabinsk region. The company also sizes up the deposit in Africa.
RMK’s president V.Levin said that the development of the deposits in the Urals (Mikheevskoye and Tominskoye) will contribute to an increase of the production capacity up to 330.000 tons of copper a year in cathode equivalent against the current 200.000 tons.

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Nord Gold increased gold production

Gold-producing company Nord Gold declared its operating results of the second quarter and 6 months, which finished June 30, 2013.
The gold production volume in the second half of 2013 made up 232.6 thousand ounces of gold equivalent. It is by 41% more than in Q2, 2012 (165.3 thousand ounces) and by 27% more than in Q1, 2013 (183.6 thousand ounces).

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In H1, Kazakhstan decreased coal production by 3.2% to 54.7 million tons

In January-June of 2013, 54.675 million tons of coal, including coal concentrate were produced in Kazakhstan that is by 3.2% less than in the same period of 2012, the republic’s statistics agency reported.

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Ural Steel has held the coordination council of Metalloinvest and ChTPZ devoted to supplies of pipe intermediates and steel plates

The meeting resulted in prolongation of the agreement for long-term cooperation. Such coordination councils are always strategicaly important. They give an opportunity to hold direct dialog ‘supplier-consumer’ and to effectively solve the task of improving of steel quality and technology, raising competitiveness of their products, the technical director of ChTPZ V. Tazetdinov says. They discussed at the meeting the peculiarities of production and supplies of rustproof steel meant for pipes production by Rosneft’s projects.

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In H1, steel production in Kazakhstan decreased by 18.8% to 1.619 million tons

In January-June of 2013, 1.619 million tons of raw steel were produced in Kazakhstan that is by 18.8% less than in the same period of 2012, the republic’s statistics agency reported.

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Cherepovets metal works has set record in rolled steel dispatch from mill 1700

Cherepovets metal works, a member of Severstal Russian Steel dispatched 117,500 tons of rolled steel in June, having set the record since its launch. The former record results of 115,000 tons was achieved in September 2012. The growth in production is connected with stable demand for products of steel plate rolling shop #1 at the internal market. In June, it supplied products to North-Western, Povolzhye and Central federal areas. Exports shared 30%; they were mostly performed to Belarus, the Ukraine and the Baltic states. The Chief Engineer of the division A.

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In H1, Kazakhstan increased the production of iron ore by 2.8% to 25.6 million tons

In January-June of 2013, 25.648 million tons of iron ore were produced in Kazakhstan that is by 2.8% more than in the same period of 2012, the republic’s statistics agency reported.

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