In early December Cherepovets Iron and Steel Works produced 250-millionth ton of steel. “Since the first smelting in 1980 our plant has been increasing converter steel output. The first 100 million tons were produced in 22 years, and the second – twice faster – in 11 years. We’ve managed to manufacture another 50 million tons…
Evraz has commissioned a new long face No. 50-20 at the Uskovskaya mine. The reserves of the long face are over 1.9 million tons of coking coal. This is the first long face in the western wing. The company will be developing the wing until 2020. They intend to mine at least 5 million tons…
Kuzbassrazrezugol and Beijing CATIC Industry Limited have signed a memorandum of cooperation in carrying out projects in Kemerovo region. In particular, the coal company intends to buy mining and processing machinery valued at $70 million from China. According to the memorandum, the company will consider purchasing two WK-35 excavators, as well as processing machines within…
Nazarovsky Pit, a part of SUEK, has reached the output target for 2018 in advance, having extracted 3.25 million tons of coal. Until the end of the year the company intends to mine some 250 thousand tons more, thus reaching the annual output of 3.5 million tons of coal. The Pit has become the fourth…
In January-November Ukrainian ports increased cargo handling by 0.6% YoY, to 121.5 million tons. According to the Administration of Seaports, handling of metal products grew by 11%, or by 1.45 million tons. Exports increased by 10 million tons, to 88.8 million tons, while imports grew by 2.6 million tons, to 21.5 million tons. In particular,…
In November Corum Group signed an agreement with ViruKeemiaGrupp (VKG, Estonia) for the delivery of 8 electric substations. According to the company statement, the substations will be delivered to the Oyamaa mine, which extracts slate coal. “The substations have been modified according to the needs of the customer”, the group noted. The substations will be…
Gold prices decreased in Azerbaijan on December 12, while silver, platinum and palladium prices increased. The price of gold dropped by 3.842 manats, to 2,115.4205 manats per ounce on December 12 compared to the price on December 11. The price of silver grew by 0.0245 manats, to 24.8449 manats per ounce. The price of palladium…
The aluminum casting works RosALit has passed the technological audit of the spare parts manufacture organized by the Russian representatives of the Volvo Group. In December the company will supply the first batch of its own spare parts – transmission case covers – for Volvo trucks to the plant in the city of Kaluga. The…