In January-May Zaporizhstal increased rolled metal output by 13.8% YoY, to 1.5 million tons. Steel manufacture grew by 7.4%, to 1.7 million tons, and that of pig iron – by 28.5%, to 1.7 million tons. In May Zaporizhstal produced 311.1 thousand tons of pig iron, 320.4 thousand tons of steel and 307.1 thousand tons of…
KAZ Minerals intends to buy the controlling stake in the Baimskoye copper-porphyry deposit (Chukotka) development in June-July. The license to develop the deposit is owned by Baimskaya LLC. KAZ Minerals is expected to pay $1 billion and also submit a part of its shares. According to Goldman Sachs, the development of the Baimskoye deposits is…
Ormet has received the right to put into operation the first stage of the Djusinsky ore deposits. The project capacity of the mine is 220 thousand tons of ore per year. Investments in the first stage of the project totaled 2.4 billion rubles. Ormet obtained the license to develop the mine in 1999. In 2004-2014…
Avdiivka Coke and Chemical Works underreceived another batch of coal, delivered by train. In June 2 the local police was informed that 1700 kg of coal disappeared from the cargo train. Earlier, on May 27 some 5 thousand tons of coal were stolen on the same route. Last year the police noted 112 thefts of…
With the delivery of 3 heading machines in June Novokramatorsk Machine-Building Works will complete the supply of the large batch of machines to DTEK Energo. According to the company statement, during the year 14 machines have been produced for DTEK Pavlogradugol. The cost of the contract is not disclosed. (Ukrainian metal)
OTP Leasing and ArcelorMittal Kriviy Rih have signed an agreement on the lease of 450 gondola cars produced at the Dneprovagonmash with the combined value of 600 million UAH. “This is our largest contract. The cars will be leased for 5 years”, the bank said. The gondola cars will be provided to the customer by…
Ingulets Mining and Processing Works has begun the capital repairs of the ore-processing factory No. 2. According to the company CEO Alexander Gerasimchuk, the wet-crushing mills are being repaired. “The repair will allow us to decrease unscheduled delays risks, thus stably producing high-quality concentrate”, he said. (Ukrainian metal)
Interpipe has warned its agents of the Internet-fraud attempts connected with incorrect bank info. “One of our traders has received fake documents with false bank info to pay for the goods. The criminals have created a false e-mail to send out bills with the domain similar to Interpipe’s”, the company reported. Interpipe is aware of…