Olkon (Olenegorsk Mining and Processing Works, a part of Severstal) plans to invest 250 million rubles in 2016 into the modernization of its mining machinery. In particular, the company wants to upgrade two of its dump trucks and two bulldozers. The business development projects will result in the output increase. Olkon plans to increase mining…
In January-October Ukraine imported 677.19 thousand tons of manganese ore and concentrate valued at $88.95 million. According to the State Fiscal Service, the largest suppliers were Ghana ($24.66 million, or 27.73% of the total import), SAR ($24.09 million, 27.09%) and Russia ($23.52 million, 26.45%). All other countries supplied $16.66 million worth of manganese ore (18.74%).…
In October Oskol Electrometallurgical Works, a part of Metalloinvest, supplied 262 thousand tons of steel via railroad, down by 6.9% MoM and by 2.3% YoY. Local deliveries went up by 3.5% MoM but dropped by 15.5% YoY, to 51 thousand tons. Exports reached 211 thousand tons, down by 9% MoM and up by 1.4% YoY.…
Mariupol Ilyich Iron and Steel Works has completed the capital repairs of its converter No. 2. According to the company CEO Yuri Zinchenko, at the same time the gas-purifying machine was also reconstructed. “Now the emissions will drop 3-fold, to 50 mg per cubic meter. The repairs lasted for 80 days, with investments hitting 230…
In January-October Seligdar mined 3.745 tons of gold, up by 31.5% YoY. In October gold output totaled 644 kg against the target of 573 kg. The 10-months result is the highest record in the company’s 41-year history. Seligdar occupies the 10th place among Russian gold-mining companies. (Ukrainian metal)
In January-September Makmalzoloto paid almost 96 million soms to the budget. The taxes make up for 95% of the Toguz-Torous district budget. Makmalzoloto has also paid 53 million soms to the district budget as taxes and other obligatory payments, The enterprise was created in 1986 on the Makmal gold deposits. It employs slightly more than…
Russian steelmakers Severstal and Novolipetsk Steel (NLMK) have sent suits to the E.U.’s General Court challenging decision of the European Commission to introduce duties on imports of cold-rolled steel products from Russia, representatives of the companies reported. In August, the E.U. introduced an anti-dumping duty on cold-rolled steel from Russia and China for five years,…
The courts have ruled to exact 9.7 billion UAH of debts and fines from Dneprovsky Iron and Steel Works and Alchevsk Iron and Steel Works, all parts of the Industrial Union of Donbass, in favor of Metinvest. The courts ruled that a part of the debt could be cleared in future, and Metinvest did not…