NLMK intends to increase its galvanized and polymer-coated rolled metal capacities at the Lipetsk site by constructing the continuous hot dip galvanizing line No. 5 and polymer-coating machine No. 4. The former will produce 450 thousand tons of rolled metal with the thickness of 0.3-2.5 mm and the width of 700-1550 mm per year, while…
Ferrexpo plc is considering a squeeze-out at Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine. At present this move is being analyzed. Ferrexpo plc owns 100% of Ferrexpo AG, which in its turn is the owner of 99.11% of PGOK and 100% of Yeristovo GOK. (Ukrainian metal)
In 2017 Pobuzhye Ferronickel Plant processed 1.28 million tons of ore, down by 9.8% YoY, which corresponded to 72.5 thousand tons of ferronickel, down by 9.3%, or 15.3 thousand tons of nickel, down by 15.6%. According to the company CEO Oleg Bespalov, the decrease was the result of the capital repairs in H1 2017. The…
Lately Interpipe has invested some $250 million in its pipe-wheel manufacture. “We have invested almost $100 million in the manufacture of railroad products and around $150 million in pipes”, Interpipe corporate issues director Dmitry Kisilevsky declared. Earlier it was reported that Interpipe commissioned additional capacities on wheel treatment. Investment totaled $8 million. The new capacities…
Kuzbass Fuel Company plans to raise its coal output by almost 21%, to 15.9 million tons in 2018, the company said on March 15. The company plans to invest 3 billion rubles in development of production this year, including 1.4 billion rubles in the purchase of mining and transport equipment. (Prime/Ukrainian metal)
Investment company Interros of the Russian businessman Vladimir Potanin has closed an acquisition of 2.1% in mining and metallurgic company Norilsk Nickel from Crispian Investments of businessman Roman Abramovich’s Millhouse to raise its stake to 32.9%, a representative of Interros reported on March 15. Earlier in March aluminum giant UC RUSAL of businessman Oleg Deripaska…
An An-12 cargo plane carrying some 9 tons of gold has lost a third of its cargo during takeoff from the Yakutsk airport in Eastern Siberia, a local transport police spokesman reported. Earlier reports said that the plane’s cargo hatch was partially torn off by a strong flow of air during takeoff. “A total of…
Pobuzhye Ferronickel Plant is pondering the creation of its own fleet of cargo railroad open cars. According to the company CEO Oleg Bespalov, at present it uses Ukrzaliznytsia open cars and faces their shortage. “It’s not a big deal at the moment, but in future we would like to have a wagon fleet of our…