Mariupol Ilyich Iron and Steel Works has signed an agreement with Energomashspetsstal on the delivery of 1 thousand tons of rolls for the sheet-rolling shop-1700. The tenders took place in March and August. EMSS will supply back up and vertical rolls for hot-rolling mill. The rolls have to be supplied in H1 2019. (Ukrainian metal)
Since commissioning of the rail and beam mill, Chelyabinsk Iron and Steel Works has shipped 2 million tons of metal. Sections accounted for 54% of the products shipped and rails – 46%. The rail and beam mill was commissioned in 2013. So far it has mastered the manufacture of 55 types and sizes of flanged…
The mine named after Kirov, a part of SUEK-Kuzbass, has met its annual target in advance, having extracted 5 million tons of coal. Despite its age (the mine was created in 1935), it is one of the most advanced mines in Russia. Investments in the mine development in the past 6 years totaled 12 billion…
Karelsky Okatysh has put into operation the second stage of the complex to thicken tails. It will decrease electricity expenses and environment impact. The first stage was commissioned in 2016 and allowed thickening some 30% of tails. The stage comprises 2 thickeners with the diameter of 36.5 meters. The second stage is a thickener with…
Highland Gold Mining has received a right from the Federal Antimonopoly Service to finalize the deal to purchase gold-extracting assets in Chukotka Autonomous District from Aristus Holdings Ltd (Cyprus), owned by Roman Abramovich and his partners. The volume of the deal is $91 million, including $78.7 million to be paid in HGM shares (over 38.621…
This year Ukrzaliznytsia intends to sell metal scrap valued at 300 million UAH. According to the enterprise CFO Andrei Ryazantsev, Ukrzaliznytsia now stores some 2 billion UAH worth of scrap. “This is not only cars, but also various assets, like rails”, he noted. The enterprise also has 16 thousand old cars for sale as scrap.…
Precious metal prices increased in Azerbaijan on December 21, the Central Bank reported. The price of gold grew by 24.8285 manats, to 2,140.9885 manats per ounce on December 21 compared to the price on December 20. The price of silver went up by 0.308 manats, to 25.0750 manats per ounce. The price of palladium increased…
The Yerevan-based plant Armenal, a part of Rusal, has a chance to return to the aluminum market of US, when the sanctions from Rusal are lifted. The sanctions will be removed in 30 days. This will allow Armenal resuming deliveries of aluminum foil to US. Last year the company sold over $60 million worth of…