Zaporizhstal intends to continue the reconstruction works and produce 4 million tons of steel per year. According to the company CEO Rostislav Shurma, in the past 5 years Zaporizhstal has invested some 6 billion UAH into modernization, which allowed it to settle important environment issues. “We have almost completely renovated our blast furnace shop. 3…
Ormet has started preparing the territory of the Luchistoye deposits for the quarry construction. In August the company will construct electricity lines, a substation and inner power grid. Investments into power infrastructure will total 2 million rubles. Equipment for the substation will cost around 4.6 million rubles. The first power objects will be commissioned in…
In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…
In January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…
MEGA-stal (Moscow region) has completed the manufacture modernization. Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85. The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)
Construction of a crane trestle has been completed at the smelting shop of Kola MMC (Nornickel Group). The engineering structure will optimize the operation of hoisting-and-conveying equipment in the shop and avoid scheduled downtime. Three overhead cranes serving shop’s main aisle are intended for charging materials into converters and casting of converted matte. According to…
The 280 mill of ZEMZ turns 75 years old. The mill, situated in the rolling shop No. 1, rolls circular section coils with 8-14 mm diameter, as well as rods of 14-26 mm diameter. Despite its age the mill copes well with all the tasks. In particular, in July it produced 306 tons of metal.…
Nornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…
