Russia’s top bank Sberbank plans to issue more than 23 billion rubles of financing for Ural Mining and Metallurgical Company’s (UMMC) largest projects, UMMC said in a statement. “Sberbank will issue a more than 23-billion ruble financing for the largest projects of Ural Mining and Metallurgical Company. Under the agreements, 20 billion rubles will be…
Kyrgyzstan plans to reduce its dependence on Kumtor. According to representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, it is necessary to increase production at such fields as Taldy-Bulak Levoberezhny, Ishamberberdi, Bozymchak, Kuru-Tegerek, Karakazyk, Jamgyr and Chaarat. In addition, it is planned to launch Jerooy project. According to preliminary data,…
Since the start of the year the Alardinskaya mine of Evraz has extracted 1 million tons of coking coal. The miners were developing the long face No. 6-1-20, put into operation in March. Earlier the mines Uskovskaya and Yerunakovskaya-VIII have exceeded the 1-million tons output mark. (Ukrainian metal)
Cherepovets Iron and Steel Works has finished modernization of its turbo generator No. 5. The cost of investment project exceeded 1 billion rubles. The goal was to increase the share of the own electricity generation. The capacity of the generator has been increased by 20 MW, to 75 MW. This is the first of the…
Izhstal has installed a water decaling unit at the rolling mill-450. It will improve the quality of metal products. The unit has been assembled by the company specialists of Russian parts. Mill-450 produces round, square and band rolled metal. In 2018 the mill produced 135 thousand tons, up by 17% YoY. (Ukrainian metal)
Volzhsky Pipe and Sections Works has put into operation a new pipe-welding machine 20-89 manufactured by DMC Tech Corporation. Now the company operates 7 mills. Water and gas pipeline pipe with the diameter of 20 and 25 mm has been added to the company product portfolio. The company has also mastered the manufacture of pipes…
Jensen Metal Ltd from the Liepaja Free Economic Zone has opened a new manufacture in the Karosta industrial park. Investments almost reached EUR 10 million. Of them 7.3 million were spent on construction and 2.5 million on machinery. With the new plant operating the company will increase its capacity by 50%. At the site with…
In June the Northern Railroad transported 5.2 million tons of cargo, up by 2.5% YoY. In 6 months throughput grew by 5.1%, to 32.5 million tons. In particular, the railroad transported 4.5 million tons of ferrous metals (unchanged), 2.2 million tons of coal (+35.5%), 1.7 million tons of non-ferrous ore (+4%) and 0.6 million tons…