Ural Mining-Metallurgical Company intends in 7 years to construct and put into operation a mine in the Republic of Bashkortostan. Investments in the Podolsky mine will reach 54 billion rubles. According to UGMK CEO Andrei Kozitsyn, a financing agreement has been signed with Sberbank. The funds will be invested in the construction of the infrastructure,…
Russia’s exports of ferrous metals decreased by 4.2% MoM, to 3.192 million tons and by 5.2% to $1.536 billion in May, the Federal Customs Service said. In January-May exports of ferrous metals contracted by 8.8% YoY, to 17.519 million tons and by 15.6%, to $8.145 billion. Cast iron exports dropped by 15.5%, to 1.873 million…
Trubodetal has modernized its welding and control equipment for the manufacture of stamped and welded pipeline parts. This will let the company get quality advantage when producing parts with the diameter of up to 1420 mm used in the construction of pipelines. The investment project was carried out in 2016-2019. Investments totaled 400 million rubles.…
Severstal – Neva-Metal has put into operation the second stage of the covered warehouse to store steel products at the terminal in the third district of the Big Port St. Petersburg. The main contractor was Severstal Steel Decisions, which designed and constructed the warehouse with the size of 3.3 thousand square meters. In 2016 Neva-Metal…
The Kirbinskiy Coal Pit has merged with the Russky Ugol Company. The pit develops the Beyskoye deposit in the Republic of Khakassia. In June Russky Ugol purchased 100% shares in the Kirbinskiy Pit LLC. The pit reserves amount to 354 million tons of coal, and of the whole deposit – 3.2 billion tons. This year…
Beloretsk Iron and Steel Works has received a certificate of correspondence of its steel ropes to the safety requirements of the oil and gas, mining and other industries. The certification has been carried out at the request of Russian mining companies. The experts have confirmed the quality of the import-replacing steel ropes with the diameter…
The largest investment project to create iron ore manufacture in Kriviy Rih, carried out by Canadian Black Iron, has reached its final stage. Since 2010 Black Iron has been operating in Ukraine via the Shimanovskoye Steel LLC and investing in the creation of a mining-processing works with the capacity of 8 million tons of iron…
Shareholders of the Yuzhniy Mining and Processing Works intend to spend a part of profit for 2018 (7.133 billion UAH) to pay dividends. This amounts to 4.484251 UAH per ordinary share. The issue will be discussed at the meeting scheduled for July 19. (Ukrainian metal)