Chelyabinsk Zinc Works has started constructing a site of zinc cake flotation. The foundation has been laid, and the company is now busy assembling reservoirs and pumps. When processing zinc concentrate, zinc cake is created containing 15-25% of zinc, which is then sent for fuming in the rotary kiln. Cake also contains some 2% of…
In 2017 VIZ-Stal increased output by 9%, to 161.6 thousand tons. Capacity loading remained high – 99%. Transformer rolled metal sales grew by 5%, to 160.9 thousand tons. The positive dynamics has to do with the restoration of the world demand for transformer steel and realization of projects aimed at improving product quality. Exports accounted…
In January UralKuz reached a record-high volume of output – 11.5 thousand tons, the highest monthly result in the company history. Railroad axles production increase contributed the most to the overall growth. Last year UralKuz modernized one of its manufacturing lines. It can now produce 4 thousand tons of axle billets per month. (Ukrainian metal)
In 2017 United Mining and Chemical Company increased sales by 20% YoY, to 2.769 billion UAH. “Despite serious competition and considerable dependence of the company on world quotation changes, UMCC last year was able to sell 124 thousand tons of ilmenite concentrate, its main product, at Volnogorsk GOK up by 41% YoY. Sales at Irshansk…
In January Ukraine produced 1.9 million tons of steel, up by 0.5% MoM. According to Ukrmetallurgprom, pig iron output grew by 2%, to 1.94 million tons, but that of rolled metal dropped by 1%, to 1.68 million tons. Steel output decreased by 6% YoY, rolled metal – by 7%, but that of pig iron grew…
PJSC ArcelorMittal Kriviy Rih summed up the results of its investment program implementation in 2017. Capital and operating expenditures increased by 48% YoY, from UAH 6.1 billion to UAH 9 billion. This money was spent on new facilities construction and equipment capital repairs, as well as environment improvement. Last year the company started construction of…
The board of directors of the Russian steelmaker Severstal has recommended paying 27.72 rubles per share, almost flat YoY, in dividends for October-December 2017, the company said in a statement on February 1. The shareholders will discuss the recommendation at a general meeting scheduled for June 8. The record date for the dividends is June…
By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…