Rosgeologia will carry out prospecting works within the Petenikanskaya field. The site is in the Magadan region. The total size of the site to be inspected is 470 square km. The project has to be carried out by the end of 2020. (Ukrainian metal)
The United Metallurgical Company has choseOMKn Danieli as the supplier of the main machinery to produce seamless pipes at Vyksa Iron and Steel Works. The works will be able to produce seamless casing, compressor-pump and oil and gas pipes. Commissioning of the machinery is scheduled for 2021. The design capacity will be 500 thousand tons…
In January-June Cherepovets Iron and Steel Works produced 2251 million kW-h of electricity, up by 1% YoY. “The increase allowed driving the consumption of our own electricity to 77.2% of the total amount, which is one of the best results in the industry”, Severstal Russian Steel CEO Vadim Germanov said. (Ukrainian metal)
Oskol Electrometallurgical Works, a part of Metalloinvest, has been named among the best Russia suppliers to one of the largest car concerns in the worlds – Groupe PSA. In particular, OEMK was named the Best Plant to supply high quality steel rods. “We are constantly working to improve steel quality to correspond to the highest…
Stoilensky Mining and Processing Works, a part of NLMK Group, has produced its 10-millionth ton of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was able to reach design capacity of 6 million tons of pellets per year in 6 months. In 2018 the plant…
Business Armenia has signed a Memorandum of Understanding with ARGA-Eurosteel on the investment of $850,000 and the construction of a new factory for the production of equipment from stainless steel. The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian. According to the MOU, Business…
Centerra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date under the Strategic Agreement originally expired on April…
Zaporizhstal has put into operation a new 5-section cooling tower, produced in Israel. Investments in the project totaled 40 million UAH. The new tower will decrease water intake from the river Dnepr by 4.8 million cubic meters per year. Electricity savings will reach 1 million kW-h. Since 2012 Zaporizhstal has spent 8.8 billion UAH on…