In January-April Severniy Mining and Processing Works produced 2.917 million tons of pellets, up by 40% YoY. According to the company statement, concentrate output grew by 5.2%, to 3.835 million tons. In April the works produced 820 thousand tons of pellets and 1.002 million tons of concentrate. (Ukrainian metal)
In January-March Nord Gold SE produced 225.1 thousand ounces of gold, down by 6% YoY and by 10% QoQ. Revenue grew by 2% YoY, to $300 million, mostly because of the increase of the gold sale price. At the same time revenue dropped by 6% QoQ. EBITDA was $126 million, down by 4% YoY and…
Electrozinc is preparing to commission a new absorber, the final part of the sulfur acid shop reconstruction. The machine will be connected to the technological line during the scheduled repair in September. The new machine will let the company reach sulfuric anhydride absorption and gas purification level of 99.99%. The height of the absorber is…
Tulachermet-Stal is carrying out cold tests and preparing for the hot tests of its rolling machinery. The company will be the first new integrated bar-rolling manufacture in modern Russia on the basis of a highly efficient converter technology. Tulachermet-Stal will create some 1700 jobs. The commissioning of the enterprise is scheduled for H2. The capacity…
DCH, which bought Dneprovsky Iron and Steel Works from Evraz in March, intends to construct a new shop of continuous casting with a high-speed 5-slit rolling machine, two external treatment machines, a ladle-furnace and other machinery. The capacity of the continuous casting machine will be 155 tons per hour. The new shop will provide for…
Ukraine has imposed sanctions against Moldova Iron and Steel Works for 3 years. According to the president order No. 126, the special economic and other limiting measures have been taken against a number of individuals and companies, The sanctions are introduced for 3 years to block assets, limit trade operations, prevent capital outflow as well…
ArcelorMittal Kriviy Rih has additionally increased its salary fund by 1.1 billion UAH, and intends to return to the issue of raising salary in autumn. According to the workers’ union, a meeting was held on May 23 with the company CEO Paramjit Kahlon. “He said that the industrial situation at the enterprise was difficult. The…
Since the start of the year Amur region has mined over 1.2 million tons of power-generating coal, up by 5% YoY. The coal is mined at 2 deposits – the Raychikhinskoye and Yerkovetskoye. The coal industry employs over 1600 locals. With the increase of the Yerkovetsky open-pit capacity their number could grow. The oldest pit…