The Ministry of energy and coal industry reports that it has transferred 324 million UAH of state support to the state coal enterprises to pay salary to miners. “On July 9 the minister Igor Nasalik held a working meeting on the urgent issues of paying salary to state coal miners and the further actions to…
In June MMK sold 768 thousand tons of metal via railroad, down by 13.8% YoY. In Q2 sales decreased on average by 16.7% a month. In January-June MMK sold 5.21 million tons of metal via railroad, up by 0.1% YoY. Sales to domestic customers increased by 11.5%, to 3.41 million tons, while exports dropped by…
In June the sales of metal via railroad from NLMK totaled 961.9 thousand tons, up by 7.2% YoY. In 6 months sales grew by 4% YoY, to 6.46 million tons. This is the highest result in the past several years. This year deliveries to domestic customers grew by 18.2% YoY, to 2.23 million tons, while…
In June Beloretsk Iron and Steel Works sold 41 thousand tons of metal wares, up by 15% YoY. The company increased supplies to the domestic companies of the oil and gas, machine-building, car and construction industries. Steel bearing wire showed the largest increase – 2-fold. Rebar threads and alloyed welding wire sales grew by 32%…
In January-June Priisk Solovievskiy extracted 1068 kg of gold, down by 3.4% YoY. 569 kg accounted for alluvial gold sites, where work is carried out from May till October. The rest (499 kg) was obtained from the Solovievskiy gold ore deposits. In 2017 the company obtained 3127 kg of gold. (Ukrainian metal)
Russian Copper Company and the authorities of Magadan region have concluded a cooperation agreement on investment projects. The document was signed by the RCC president Vsevolod Levin and the temporarily acting governor of the region Sergey Nosov. RCC intends to inspect and develop copper deposits on the territory of the region in order to construct…
Magnitogorsk Iron and Steel Works (MMK) is expanding its innovative cooperation with Oracle, having chosen the corporation as its strategic partner for the next five years in the implementation of the concept “Industry 4.0”. The optimization and unification of MMK’s business processes on the basis of a unified Corporate Information System (CIS) will facilitate the…
Satbayev University and ArcelorMIttal Temirtau JSC have founded a joint enterprise to realize a coal-bed methane exploration and production project at the Karaganda coal basin. Coalbed methane (CBM or coal-bed methane), coalbed gas, coal seam gas (CSG), or coalmine methane (CMM) is a form of natural gas extracted from coal beds. As the international experts’…