Nikopol Ferroalloy Plant, the largest silicomanganese and ferromanganese manufacturer in Ukraine, has been re-registered from the public joint-stock company into a private joint-stock company. The state re-registration took place on August 17. The re-registration was carried out according to the corresponding decision of the general shareholders meeting on August 3. The shareholders have also replaced…Details
By 2020 Sredneuralsky Copper-Smelting Works will have replaced 10 electrostatic precipitators, which have been operating since 1970s, with 5 new ones made by Kondor-Eco. The first three precipitators will be supplied in December, and the last two in early 2019. The new equipment will decrease dust content in converter gases 10-fold, as well as water…Details
MMK-Metiz has successfully passed the inspection for the correspondence to three international standards, two of which regulated quality management control and the third – the environment management control. In particular, the standards are IATF 16049:2016 (quality management system for car manufacturers), ISO 9001:2015 (quality management system) and ISO 14001:2015 (environment management system). The company has…Details
In January-July Krivoy Rog Iron Ore Industrial Complex produced 2.896 million tons of iron ore, down by 7.1% YoY.
In July the output was 428 thousand tons.
Last year KZhRK increased iron ore manufacture by 1.5% YoY, to 5.074 million tons. (Ukrainian metal)
In January-July Electrostal (Donetsk region) produced 178 thousand tons of continuous cast billets, down by 27% YoY. In July the output totaled 33 thousand tons. Last year the company increased continuous cast billets manufacture by 34.54% YoY, to 437.729 thousand tons, of which 352.148 thousand tons were exported and the rest supplied to the domestic…Details
In January-July Sukhaya Balka produced 1.564 million tons of iron ore, up by 15.7% YoY. In July output reached 243 thousand tons. The enterprise was prolonged the license to use subsoil for the next 20 years on November 7, 2017. Last year Sukhaya Balka increased iron ore output by 2% YoY, to 2.513 million tons.…Details
Russian gold producer Polymetal International has shipped the first batch of gold concentrate from the Kyzyl field to China, the company said in a statement on August 20. “Polymetal International is pleased to announce that Kyzyl has shipped first concentrate to China. On August 18 approximately 2,000 tons of gold concentrate were shipped by rail…Details
The construction of a separating dam at Magnitogorsk Reservoir, part of rebuilding processes of Magnitogorsk Iron and Steel Works’ (MMK) circulating water supply system, is entering its final stages. The project, at a cost of approximately 660 million rubles, will significantly reduce the environmental burden on the reservoir. This is one of MMK’s most important…Details
Metinvest, the vertically integrated steel and mining group of companies, has secured additional long-term supply of high-grade coking coal by investing in production cooperation and acquiring up to 24.99% of some coking coal assets in Ukraine. This is in line with the group’s strategic priority of improving its self-sufficiency in coking coal to strengthen its…Details
The prices of precious metals increased in Azerbaijan on August 20, according to the data published by the Central Bank. The price of gold increased by 15.708 manats, to 2016.081 manats per ounce on August 20 compared to the price on August 17. The price of silver grew by 0.2018 manats, to 25.118 manats per…Details
Ukrainian President Petro Poroshenko has signed a law introducing amendments to Ukraine’s state budget for 2018 regarding the payment of wage arrears to miners, the press service of the head of state has said. “President Petro Poroshenko signed the law of Ukraine on the introduction of amendments to the law of Ukraine on Ukraine’s state…Details
The price of one ounce of gold decreased by 54.3065 manats or by 2.64% last week, to 2020.3684 manats. The price of one ounce of silver decreased by 1.0258 manats or by 3.95%, to 25.31152 manats. Last week the price of one ounce of platinum decreased by 65.637 manats or by 4.72%, to 1346.7774 manats.…Details
The authorities of Karaganda region and ArcelorMittal Temirtau have signed a roadmap on development in 2018-2020. The company will have invested 305 billion tenge in the manufacturing by 2020. Since 2010, this is the highest level of investments in modernization. In 2018 AMT will invest 100 billion tenge in modernization, in 2019 – 105 billion…Details
In January-June the net profit of KAZ Minerals Plc grew by 49% YoY, to $276 million. Revenue totaled $1.1 billion, up by 52%. Copper concentrate and copper cathode sales prices increased by 17% and by 19% respectively, to $6135 and $6916 per ton. This year the company intends to produce 270-300 thousand tons of copper.…Details
The first rock mining and explosive works have been carried out on the territory of the Baranyevskoye deposits. The first ore is expected to be extracted in late 2018, while in 2019-2020 the Aginsky Mining and Processing Works will reach the design capacity. The reserves of the deposits are 30 tons of gold and 20…Details
OMZ-Spetsstal has started shipping reactor vessel billets for the first power unit of Ruppur Nuclear Power Plant in Bangladesh.
Under the contract concluded in September 2017, the company will supply billets for the construction of the reactor vessel.
So far, the flange, lower shell and the support shell billets have been shipped. (Ukrainian metal)
Sinarsky Pipe Works has finished the capital repairs and modernization of the pipe-rolling mill in the pipe-rolling shop No. 3. The mill has been shut down for 2 weeks, but this has had no impact on the pipe manufacture: to continue operation the works used pipe semi-finished products. “The major overhaul and the successful modernization…Details
Despite the difficult situation on the world market, the Aluminum Association marks a positive trend in the Russian segment – the creation of new manufactures, increase of product range and development of new spheres of usage have resulted in the increase of the aluminum consumption in January-June by 12% YoY, to 580 thousand tons. One…Details
Chelyabinsk Iron and Steel Works has produced 700 tons of rolled metal for the construction of the congress-hall Taganay 2020 and the third stage of the road interchange near the bridge over the Miass river in the city of Chelyabinsk. The summit of the BRICS and SCO, to be held in 2020, will change the…Details
In January-June VIZ-Stal decreased the average power intensity of the transformer steel manufacture by 7.2% YoY, to 7.5 Gcal per ton. Expenses to purchase energy carriers dropped by 3 million rubles. This is the result of the energy efficiency increase program. In particular, in the cold-rolling shop the company has repaired the system of steam…Details
Dneprometiz has started producing low-carbon steel wire with the diameter of 1.2, 1.4 and 1.6 mm according to GOST 3282-64 with a new winding technique.
The main characteristic of the winding is the special form and weight of the coil – 200 g.
Such products are used as packing materials in various industries. (Ukrainian metal)
The Miners Union of Ukraine has applied to the International Labor Organization, a part of UN, with the complaint on the breach of their rights due to the non-payment of salary. According to the Independent Miners Union chairman Mikhail Volynets, the salary debts to miners are growing. So far the debt amounts to 1 billion…Details
Obukhovskoye Mine Group, Rostov region, a part of Ukrainian DTEK, has suspended coalmining following an explosion. According to preliminary information, during the preparation for the explosion works at the long face No. 501, blast-hole charges detonated. There is no information on the collapse of the mine, but 5 miners were injured and one perished as…Details
Metinvest deal to buy 24.99% of Pokrovskoye Mine Group is one of the largest on the Ukrainian market in the past years. Metinvest paid $190 million for the stake. According to Eavex Capital, the whole company is estimated at $0.9-1.1 billion, thus the stake has been purchased at a market price. The mine group belonged…Details
Ukraine’s imports of nickel ore and concentrate in January-July increased by 13.4% YoY, 891,670 metric tons from 786,140 metric tons, the State Customs Service said. The value of imports of nickel ore and concentrate rose to $43.6 million from $38.4 million in January-July 2017, S&P Global Platts said. Over January through June, Ukraine received 71%…Details
Uzbekistan intends to expand the supply of uranium concentrate to India in the near future, Deputy Prime Minister of Uzbekistan Sukhrob Kholmuradov said opening the meeting of the eleventh Uzbek-Indian intergovernmental commission. Uzbekistan is also ready to expand direct supplies of non-ferrous and rare-earth metals, cable and wire products. Kholmuradov stressed that the parties had…Details