Philips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. As a result of the modernization…
Mechel PAO reports a court decision that may have an impact on the value of Mechel PAO’s shares. According to court information, the Fifteenth Arbitration Court of Appeals left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant’s damages. The lawsuit…
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 17 million tons of coal this year. The milestone ton was loaded on September 14 onto the Post-Panamax bulk carrier, Blue Wave, the 241st vessel handled since the…
Evraz Sukhaya Balka reports of the pressure on the enterprise on behalf of companies making obstacles on its way to get licenses for subsoil use. According to the company, it started the process of prolonging the license for 20 years on February 1, 2016, as it would expire in August 2016. But within 60 days…
ArcelorMittal Kriviy Rih has spent some 450 million UAH on the reconstruction of its converter No. 4 in the converter shop. Previously gas-purifying equipment has been replaced at converters Nos. 5 and 6. The project has been implemented within the reconstruction of the whole shop with the replacement of gas-purifying equipment, which is a key…
In January-August Ural Pipe Works increase pipes manufacture by 13.3% YoY, to 163.55 thousand tons. In particular, the company produced 111.81 thousand tons of oil pipes, up by 16.7% YoY, and 51.7 thousand tons of section pipes, up by 6.5%. Pipe sales increased by 12%, to 162.78 thousand tons. (Ukrainian metal)
The mining works of Polyus at the Natalka deposits in Magadan region will make Russia the second gold manufacturer in the world after China. “The largest gold-mining enterprise in Russian and one of the largest in the world has been commissioned in Magadan region. Its capacity will be 200 million tons of ore per year,…
In Q4 Kanchalano-Amguemskaya Field LLC intends to produce the first batch of metals, mined at the Gorny site. Investments into the project total over 2.5 billion rubles. “By 2017 the Gorny site has been prospected. Its reserves are estimated at 1.5 tons of gold”, the company CEO Taras Zhuk reported. The company has already created…