The Ministry of Energy and Environmental Protection has set for the near future a priority task of eliminating unprofitable state-owned mines, re-profiling miners, and creating new jobs for them, that’s according to Minister Oleksiy Orzhel. Orzhel spoke of a “comprehensive program” worked out for each mine. “Unfortunately, there will be mines, which we have in…
Dneprovsky Iron and Steel Combine has put the previously shut down blast furnace No. 9 into operation. Since mid-September DMK has been operating with only one of its three blast furnaces – No. 1-M. In July-September the company was repairing the blast furnace No. 9, but failed to commission it. On November 24 raw materials…
Chelyabinsk Iron and Steel Works has started another stage of its large-scale steel capacities modernization. In particular, reconstruction of one of the three converters in the steel smelting shop has begun. New gas-purifying equipment will be assembled at the converter to decrease air pollution. The oxygen-converter manufacture provides the company with over 4 million tons…
Since the start of the year and as of November 24 Rosterminalugol has exported 22 million tons of coal. The 22-millionth ton became a part of the Lucky Sunday batch of 65.5 thousand tons. This is the 305th vessel loaded this year at the port. (Ukrainian metal)
The miners team Amur, a part of Russian Platinum, has exceeded its 2019 output target. The enterprise is operating at alluvial sites on the Konder deposit in Khabarovsk region. As of November 25 Amur has extracted 214 kg of platinum, up by 7% from the target. Last year the enterprise extracted 228.4 kg of platinum.…
Another BelAZ-75131, the eighth this year, has started operating at the Pervomayskiy quarry of the Severniy Mining and Processing Works. Having commissioned the 130-ton machine, named the Rock, SevGOK has fulfilled its program to renew its quarry machinery fleet. Each 130-ton truck can transport some 800 cubic meters of rock in a shift. (Ukrainian metal)
In October Krasniy Octyabr produced over 24 thousand tons of special purpose steel, up 5-fold YoY. The company continues modernizing its manufacturing sites. Thus, steel smelting furnace No. 5 and the Metso Lindemann shearing press have been repaired and commissioned. The mill-1600 in the sheet-rolling shop has resumed operation after a long delay. All this…
ChTPZ will spend 1.66 billion rubles from its net profit in January-September and a part of undistributed profit (1.33 billion rubles) from previous years to pay dividends. The corresponding decision has been taken by the board of directors. The recommended amount of dividends is 5.45 rubles per ordinary share for 9 months of 2019 and…