Metals and mining

The construction of a chemical-metallurgical plant on cast iron production in Cheremkhovo is almost finished

They have celebrated the Day of metallurgists for the first time in Cheremkhovo. A new celebration appeared in the town with the completion of the first cast-iron chemical metallurgical plant construction. It will be launched this year, the press-service of the administration of Cheremkhovo states.

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 to start the development of Burgali in 2015

Polymetal Int (joins the assets of OJSC “Polymetal”) will start the development of the gold deposit Burgali in Magadan region in 2015, the press-service of the administration of the region states.
“The company does not adjust production plans for 2014. We forecast an increase of production. We keep investing funds into the geological exploration. In 2015 we will start the development of the deposit Burgali,” CEO of Polymetal V.Nesis said during the meeting with the acting governor of Kolyma V.Pecheny.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oleg Deripaska to create new team – managers from UC Rusal and Basel come to En+

Oleg Deripaska, being the General Director in En+ during the month, has assigned four new Deputies. There are no outsiders among them: in addition to Maxim Sokov of UC Rusal, who became the First Deputy General Director of the Group, men from UC Rusal and Basel Andrei Yashenko, Stalbek Mishakov and Timur Valiev came to the company. The functionality of new executives partially duplicates charge of the old team’s managers, but En+ hasn’t had the final management structure yet.
As the Kommersant has got to know, Oleg Deripaska, headed its industrial group En+ at the end of June (he owns 48.13% of UC Rusal, as well as Evrosibenergo and other assets), came to grips with the reformation of the management team. After the assignment of Maxim Sokov, who was in charge of UC Rusal’s investment in Norilsk Nickel, his First Deputy at the beginning of July, he appointed three more Deputies in En+  - Andrei Yashenko, Stalbek Mishakov and Timur Valiev, sources of the Kommersant, who are close to the company, told.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Two Vice Presidents to leave Mechel

The Chairman of the Board of Directors and the main owner of Mechel, Igor Zyuzin has approved the resignation of two Vice Presidents of the company – Mikhail Urvantsev, who was in charge of commercial activity, and Andrei Deineko, who managed the technological development.
“Mikhail Urvantsev, being the Vice President on commercial activity, has successfully fulfilled the tasks on the transfer of a number of administrative functions to the level of the management companies in different segments of the Mechel’s activity and reformatted his direction in accordance with the actual development of the company. Mikhail Leonidovich decided to leave the company of his own volition after completion of this work,” – the company’s press centre reported.

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 2013, Svyatogor is going to extract 1.625 million tons of ore

In 2013, Svyatogor, a mining enterprise of UMMK has launched 2 new BelAZ dump trucks, one car with carrying capacity of 136 tons, and another with capacity of 45 tons. They both are engaged with rock transporting extracted at the North-Western site of the Volkovskoye deposit. Rock extraction increased by 7% to 3.613 million cubic m. Before launching of the cars, their body was lined with wearproof steel, that prolongs life period of the car body by 2.5 times.

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 authorities of Kolyma promise rapid development of the mining and metallurgical industry

Today 81 enterprises which constantly increase their mining are dealing with precious metals in the Magadan Region. During the industrial season of 2013 the miners are going to obtain 20.7 tons of gold and at least 840 tons of silver from Kolyma subsoil. The result of the first half-year makes up almost 7.72 tons of gold and 480 tons of silver, the press service of the regional government reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Seversky Pipe plant installs a new line of seamless pipes

The installation of a new production complex, seamless pipes production line with fine quality mill (FQM), is carried out at a pipe rolling plant No1 at the Seversky Pipe plant. The launch of the annular furnace No2 and a piercing mill by Electrostal Heavy Engineering works will take place in August, the press-service of TMK reports.

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 2013, Severstal to maintain volumes of steel production

In 2013, Severstal plans to maintain the steel production at the level of 2012, when 15.14 million tons were produced, the General Director and the main owner of the company Alexei Mordashov reported to journalists. “A small increase will take place, but not significant,” – he noted, answered for the question about the company’s plans in steel production in 2013 as compared with the last 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

Mechel leaves British metallurgy with a record benefit

Mechel, saddled with heavy debts, continues to sale out its assets. Last week, the holding company sold the British metallurgical plant Invicta Merchant Bar, bought from Estar of Vadim Varshavsky for J80 in 2009. The private British company paid for this plant 13 750 times more – £1.1 million. Analysts, comparing this deal with the sale of other European assets of Mechel, call it successful.
On Friday, Mechel of Igor Zyuzin reported sale of 100% of the rolling mill Invicta Merchant Bar’s shares (Kent, the UK), stopped in January. The amount of the transaction is £1.1 million ($1.7 million), it takes into account the plant’s debt to Mechel, which isn’t disclosed. The British Helium Miracle 127 LLP, registered just two months ago, became the new owner of the enterprise. The owner of Helium Miracle is the Financial Director of the British investment fund Aeternum Capital (founded in 2009, invests into energy projects mainly) Duncan Sayers. Representatives of the fund didn’t answer for the Kommersant’s application.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Kola GMK has accomplished the half-year production program by the main indices

Kola GMK, a subsidiary of Norilsk Nickel has accomplished the half-year production program by the main indices. They produced 4.154 million tons of ore (+0.5% of the planned), 26,850 tons of nickel ore (+0.6%), and processed 4.133 million tons of ore (+0.8%). Trade metals yield was 18,946 tons of electrolyte and carbonil nickel (+0.3%), and 8,258 tons of electrolyte copper (+0.3%).

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