The Severniy-Glubokiy mine of Kola Iron and Steel Company has carried out the first stage of rock mining to the depth of 440 meters. The cost of the project is 2 billion rubles. The new horizon will be in development at least until 2050. The construction of the mine started in 2001. It reached its…
In November ore transportation via railroad grew by 7.4% YoY, to 10.1 million tons, having set a record for the month. In January-November railroad transported 106.4 million tons of ore, up by 5.7% YoY. Local transportation grew by 5%, while exports by 10%. The main export markets were Germany and Slovakia (up 2.5-fold), as well…
Gazprom accounted for 58% of the market of the large diameter pipes in 2018. The share of Transneft was 14%. In 2018 Gazprom announced the purchase of 3.006 million tons of LDP valued at 252 billion rubles. Of this amount 1.669 million tons at 140 billion rubles have been purchased. Zagorsky Pipe Works concluded contracts…
ArcelorMittal Kriviy Rih has put into operation a complex of the closed cooling of the used converter gas at three converters (Nos. 4, 5, 6). The cost of the project is 192 million UAH. As a result of the project the consumption of the chemically purified and de-aerated water for evaporation will decrease from 672…
In January-November Ferrexpo exported 9.36 million tons of iron ore pellets. In particular, its Poltava GOK exported 7 million tons of pellets, and Yeristovo GOK – 2.36 million tons. Karelsky Okatysh (Russia) exported 4.958 million tons of pellets. Metinvest exported 4.894 million tons, including 2.074 million tons from Central GOK and 2.82 million tons from…
The Cabinet of Ministers has given 3 land plots with the total size of 149.99 ha of the Korosten wood enterprise in Zhitomir region to the United Mining and Chemical Company to mine titanium ore. The size of the plots is 113.4 ha, 19.6 ha and 16.95 ha. According to the accompanying note to the…
As a result of the installation of 2.2 thousand energy efficient LED-lamps, Mariupol Ilyich Iron and Steel Works will be able to save some 60% of electricity. In particular, the company will save 7.2 million kW-h valued at 11.3 million UAH and decrease CO2 emissions by 6440 tons. The project has been carried out by…
The Cabinet of Ministers has approved the financial plan of the United Mining and Chemical Company for 2018. The net income is expected to total 3.6 billion UAH (2.855 billion UAH in 2017), and net profit – 462.85 million UAH (443.71 million UAH). In January-September UMCC decreased net profit by 27.8% YoY, to 423.07 million…