Support The Moscow Times!

Mechel Gets New Equipment

Mechel Group plans to start up the Yuzhuralnikel electric furnace, with a capacity of 12 megawatts, in the first half of this year, Mechel corporate finance chief Sergei Resontov said at the 16th annual CIS metals summit, organized by the Adam Smith Institute.

The enterprise will convert entirely to nickel production employing new technology. Resontov said test and setup operations are being carried out with the new equipment, which was produced by South African Bateman company.

A total of 1 billion rubles ($34.2 million) was invested in the project.


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.