Metals and mining

New gold deposits are found in Primorye

Reserves of strategic types of mineral resources in the northern territories of Primorye are by tens of thousand tons more than it was expected.
This conclusion  was made by specialists of Primorgeologia after 3 years of work within state contract at the Mikulinskaya area in the Krasnoarmeisk district of the region.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Bazhaev can sell Alliance Oil and invest in Russian Platinum

Alliance Group of Musa Bazhaev can invest the funds from selling of Alliance Oil in development of Russian Platinum of Bazhaev, the source reported.
Alliance Oil could be sold when reconstruction of Khabarovsk oil refinery and construction of the branch line from ESPO are completed.

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 October of 2013, ArcelorMittal Krivoy Rog decreased steel production by 3.3% to 543.5 thousand tons

In October of 2013, ArcelorMittal Krivoy Rog decreased steel production by 3.3% as compared with October of 2012 to 543.5 thousand tons, the company’s press centre reports.
Besides, in October of 2013 ArcelorMittal Krivoy Rog reduced the production of cast iron by 1.5% to 477.8 thousand ton

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 2010-2013, Severstal invested 2.4 billion rubles into reconstruction of mill-2000 at CherMK

Active stage of project on reconstruction of hot-rolling mill 2000 has started at the Cherepovets metallurgic plant, one of the largest integrated steel plants in the world. The project to the amount of over 821 million rubles provides for reconstruction of roughing train’s drives to increase the volume of production.
The aim of the project is reconstruction of basic automation system of roughing mill group, which is operated from 1975, introduction of modern automated system of roughing mill group superordinate control level, which was supplied by Siemens. The project will enable to implement the advanced rolling models, increase reliability of equipment operation and annual production at the mill by 270 thousand tons of hot-rolled metal per year.

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 has temporarily abandoned scrap metal exports

On December 11, 2013, the Government of Kazakhstan has published the order ‘About introduction of the temporal embargo for ferrous scrap metal and waste exports from the territory of Kazakhstan’. The order comes into force within 10 days after the official publishing, and acts within 2 months after its coming into force.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

En+ and Shenhua will jointly develop Zashulanskoye coal deposit in Zabaikalye

Razrez Ugol LLC, the joint venture 50/50 of Vostsibugol, a subsidiary of En+ and the Chinese largest coal producer Shenhua announced about their victory in the tender for the right for coal exploration and development at the Zashulanskoye coal deposit in the Zabaikalye. They paid for the license 246.9 million rubles. Balance reserves of the deposit are 252 million tons of coal by C1. This coal has high caloric value and low sulfur content. They are going to execute open-cast coal mining at the deposit. Annual projected capacity will be up to 6 million tons of coal.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

The Ukraine decreases furnace coke production

In January-November of 2013, Ukrainian coke-chemical plants decreased production of furnace coke with 6% moisture by 7.3% as compared with the same period of 2012 to 16.144 million tons.
In November of 2013, the furnace coke production in the country made up 1.379 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

Metinvest will spend $ 700 million to upgrading

Metinvest, the largest international vertical integrated mining and metallurgical group of companies will spend $ 700 million to upgrading and reconstruction of its enterprises this year, the CEO of Metinvest I. Syriy says. He claims that the main investment projects of this year have entered the active phase in H2. Thus, the period shares the most of Metinvest’s capital investment. In H1, investment was $250 million.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Metalloinvest has presented its financial results by ISA for Q3

Metalloinvest has presented its financial results by ISA for Q3, the period finished on September 30, 2013. While the era of hard conditions at the products market, the company has succeeded in enlargement of the planned indices in Q3 and January – September.
Financial results:

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

ICT Group increased its share in Polymetal up to 18.5%

ICT Group of companies of A.Nesis bought 3.5 million shares in Polymetal Int via Powerboom Investments Ltd and increased the share up to 18.49%, is said in a statement of the gold-producing company.
The shares of Polymetal were valued at 4.982 pounds sterling per each on the LSE on December 6. The stock of 3.5 million shares is valued at 17.437 million pounds.

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