Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that it will be hosting its annual Capital Markets Day in London on November 2. Severstal’s Chairman, Alexei Mordashov, will open the event via video address. Alexander Shevelev (CEO), Alexei Kulichenko (CFO), Dmitry Goroshkov (Marketing Director), Sakari Tamminen (Senior Independent Director)…
The Eurasian Economic Commission (EEC), an executive body of the Eurasian Economic Union (EAEU), has suspended a decision in an abuse of market dominance case of Russian steelmaker Novolipetsk Steel (NLMK) on request of Russian Prime Minister Dmitry Medvedev, the commission said in a statement. In September, the commission imposed a fine for violation of…
In August, according to the customs statistics, Russia imported 29.1 thousand tons of corrosion-resistant rolled metal valued at $50 million, up by 15.7% and by 7.6% MoM and by 41.7% and by 48.2% YoY respectively. In July imports increased by 6.8% MoM in volume and by 12.7% in cost. In January-August Russia imported 190 thousand…
Taseyevskoye LLC, a part of Highland Gold Mining, intends in 2019 to start processing wastes of Baleyskaya Gold-extracting Factory No. 1 and obtain over 520 kg of gold per year. Expenses on the design works amount to $2.1 million. The company plans to develop the design documents and pass all the state procedures by September…
In 2018 DTEK intends to increase gas coal output in Ukraine by 1.5-2 million tons. “This year we will increase output by 1.5-2 million tons, to 23 million tons. And we intend to try to repeat this increase next year as well”, DTEK Energo deputy commercial director Dmitry Malyar said. In January-October DTEK imported 1.4…
The increase of the current coal price by 10% will improve the situation with paying salary to miners. According to the chairman of the Professional Union of Mining Industry Employees of Ukraine Victor Turmanov, the Ministry of energy and coal industry intends to increase state coal sales price from 2220 UAH to 2425 UAH per…
Cherepovets Iron and Steel Works has received the first 63 MW power transformer produced by Power Machines – Toshiba. High-Voltage Transformers. The new machine will replace the outdated one. The cost of the investment project is 200 million rubles. Reconstruction will be complete in Q3 2018. This is the third power transformer supplied by Power…
Chepets Mechanical Works has started manufacturing industrial ingots of intermetallic titanium alloys of increased weight (up to 1480 kg) for the aviation industry. The main advantages of these alloys are the high melting temperature, increased strength, plastic and fatigue properties, good high temperature strength at the temperature of up to 700 degrees C and better…