The Ministry of Energy and Environment intends to find a private partner to carry out a participation project with the only uranium miner and processor in Ukraine – VostGOK. No details have been revealed. According to the Energoatom president Yuri Nedashkovsky, the project is intended to make the state enterprise healthier and improve its efficiency.…
Cherepovets Iron and Steel Works is finishing the work of the zero cycle of blast furnace No. 3 bin trestle assembly. At the same time contractors have already started erecting metal structures of the object. The length of the trestle will be 80 meters and height – 47 meters. Some 1000 employees and over a…
Rusal has issued ruble bonds with the volume of 15 billion rubles, with maturity in 10 years and an offer in 3 years. The coupon rate was record-low for the company – 7.45%. So far this year Rusal has issued bonds for 60 billion rubles. Each issue saw its coupon rate falling – from 9%…
In January-September Metalloinvest produced 3.628 million tons of steel, down by 2.7% YoY. The decrease is explained with the capital repairs of the continuous casting machines Nos. 1 and 2 at Ural Stal and the trial operation of the flexible module furnace. Sales dropped by 1.1%, to 3.407 million tons. Semi-finished products accounted for 1.778…
The project to construct a pipe works in Surgut, a joint venture of Severstal and Tenaris, is being carried out according to the schedule. The first start of the enterprise is planned for 2021. The full capacity will be reached in 2023-2024. The domestic market is expected to get the main volume of products. The…
The ChTPZ Group has started carrying out a project to create a manufacture of seamless stainless pipes for nuclear power plants steam generators. The project presupposes the commission of new and modernization of existing capacities at Pervouralsk Pipe Works valued at 780 million rubles. A new line of pipe finishing will be created at the…
Kazgeorud, a part of the Russian Copper Company, has started mining copper and copper-zinc ore at the Kundyzdy deposit. The design capacity of the output is 2 million tons per year. Investments in the development of the deposit are estimated at $205 million. The project will provide Aktyubinsk Copper Company with raw materials until 2033…
Since the start of the washing season Zoloto Kerbi LLC has exceeded gold output plan for this year by 15%. The company has obtained 415 kg of gold. This year the company intended to yield 350 kg. The washing season had to be over on October 15, but due to favorable weather, it was decided…
Russia’s second biggest lender VTB has bought almost 50 billion rubles of the debt of the metals producer Mechel from Sberbank to become the largest creditor of the group, the bank said in a statement on November 7. “Group VTB has purchased the debt of the group Mechel from Sberbank totaling a little less than…
For the first time ever Beloretsk Iron and Steel Works has certified new grades of wire for the welding of metal structures. The certificates have been granted for the new grades of stainless steel wire with the diameter of 1.2, 2 and 3 mm. The wire has been tested by the National Agency of Welding…
In October Yuzhniy Mining and Processing Works increased concentrate output by 7% YoY, to 1009.4 thousand tons. At the same time sinter output dropped by 100%. In January-October UGK produced 9582.2 thousand tons of concentrate, up by 5.7% YoY, but sinter manufacture fell by 32.8%, to 945.8 thousand tons. (Ukrainian metal)
Mechel-Service has supplied 1.2 thousand tons of rolled metal to Berezniki Mechanical Works (BMZ) in Perm region to produce conveyer mine equipment. BMZ is the largest manufacturer of processing, mining, metallurgical and chemical machinery. Since the start of the year Mechel-Service has supplied sheet and bars manufactured by Chelyabinsk Iron and Steel Works and Izhstal,…
The Uchaly mine of the Uchaly Mining and Processing Works has received a Sandvik TH 545i mine dump truck. The machine with the lifting capacity of 45 tons will be used to transport rock underground and will be operating at the Novo-Uchalinskoye deposit. Until the end of the year the mine is expected to receive…
Rusal Kremniy-Ural intends to suspend the operation because of the unprofitability. “Under the stable trend of global silicon prices decrease, its manufacture in Russia becomes very unprofitable. That is why from December 1 we will suspend the manufacture of the silicon in the Urals until the prices are stabilized”, a Rusal representative noted. At present…
OMK has finalized a deal to purchase 100% minus 1 share of Railroad Car-Repairing Company-3 (VRK-3) from the Russian Railroads for 8.65 billion rubles. According to the group, this will allow it entering another transport market segment. VRK-3 comprises 42 enterprises with the combined capacity to repair over 100 thousand railroad cars per year. (Ukrainian…