In January-September Ferrexpo invested over 2.4 billion UAH ($90.1 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 1719 million UAH, while EGOK and BGOK – 710.3 million UAH. The main capital expenditures at PGOK were the maintenance of the current manufacture at 568 million UAH ($21.1…
In January-September Primorye region produced 1748 tons of tungsten concentrate, up by 33% YoY. Two enterprises are mining for the concentrate in the region – Primorsky Mining and Processing Works and Lermontovsky GOK LLC. Primorsky GOK produced 1513 tons of tungsten concentrate and Lermontovsky GOK – 235 tons. Primorsky GOK also produced 366 tons of…
The railroad shop of Uralelectromed has received 100 cathode trolleys with the lifting capacity of 8 tons each. The shop has also purchased 50 anode trolleys of the new design to transport heavy copper anodes (the weight of an anode is 396 kg). “The new trolleys will allow us optimizing transportation of anodes and cathodes…
Severstal has concluded contracts for the manufacture of metal structures for the blast furnace jacket and the delivery of refractory materials and the cooling system under the project to construct the blast furnace No. 3 at Cherepovets Iron and Steel Works. The jacket will be produced by Vitkovice (the Czech Republic). Refractory materials will be…
The drop-hammer shop of the Volgograd Iron and Steel Works has finished the modernization of automobile scales. The modernization has been carried out in 3 months, according to the schedule. At the first stage the logistics specialists have determined the best place for the weighing complex. Then the constructors started preparing the site. The lifting…
In January-September Ukraine mined 24.849 million tons of coal, down by 5.1% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 11.8%, to 4.463 million tons, and of power-generating coal by 3.5%, to 20.385 million tons. In September coal output grew by 8.3% YoY, to 2.781 million tons. The…
In January-September Norilsk Nickel received 146.38 billion rubles of net profit as calculated under the Russian standards, up by 49.8% YoY. According to the group statement, its revenue increased by 45.6%, to 447.53 billion rubles, gross profit amounted to 279.52 billion rubles, up by 57.5%, and sales profit went up by 63.1%, to 249.35 billion…
The Subsoil Use Licensing Commission denied Alliance Altyn’s application for obtaining permission to pledge a license for development of Jerooy gold deposit in a bank for taking a loan, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. The commission denied the application due to litigation over the accrued fines under the…