In September Zabaikalye Railroads transported 1.5 million tons of cargo, up by 1.1% YoY. In 9 months transportation grew by 10.7%, to 12.7 million tons. In particular, Zabaikalye Railroads transported 7.5 million tons of coal, up by 8.7% YoY, 852.1 thousand tons of iron ore, up 5.5-fold, 175 thousand tons of non-ferrous ore, up 2-fold,…
Kinross Gold Corp has announced the lack of interest in concluding new deals in Russia. In July the company bought the Chulbatkan gold ore project from N-Mining for $283 million with $170 million to be paid in shares. In the past few years Kinross has been offered several major assets in Russia, but the company…
Russia has blocked deliveries of power-generating coal to Ukraine via Belarus. According to the chairman of the Independent Miners’ Union and a member of the Batkivschina party Mikhail Volynets, the situation with stocking power coal for winter has already been unsatisfactory, but now it could become catastrophic. Some 300-400 thousand tons of Russian coal used…
Zagorsky Pipe Works and the country’s second largest bank VTB have signed an agreement to build a 35-billion ruble seamless pipelines plant, the bank said. “In accordance with the agreements of the parties, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless…
Interpipe intends to redirect the sales of pipes, which had to be sold to the state enterprise Ukrgazvydobuvannya, to foreign markets and private Ukrainian gas extractors. “We are a diversified company in the pipe segment. In Ukraine we sell some 20-25% of pipes. We also have a large share on the American, European and Near…
Energomashspetsstal has successfully fulfilled an order to supply supporting rolls to Salzgitter Flachstahl GmbH. The agreement was concluded in March. Under the contract EMSS produced and shipped 2 bulk rolls with the combined weight of 80 tons. The rolls will be used in hot-rolling mills at Salzgitter Flachstahl GmbH. (Ukrainian metal)
In September the Northern Railroads transported 5.4 million tons of cargo, up by 5% YoY. Throughput in January-September was 49.3 million tons, up by 5.6%. In particular, 6 million tons of ferrous metals were transported, up by 1.3%, 3.7 million tons of coal, up by 32%, and 2.7 million tons of non-ferrous ores, up by…
Izhstal has capitally repaired the steel-smelting complex to produce structure, alloyed and stainless grades of steel. The complex consists of an arc-furnace, a continuous casting machine and machinery for off-furnace steel treatment. Its capacity is 300 thousand tons of castings per year. The complex manufactures more than 80% of Izhstal steel. (Ukrainian metal)