Elga Coal Pit has put into operation an ESH 20-90 C walking excavator. The machine valued at 1 billion rubles can load over 3 million cubic meters of rock per year. The excavator was produced by Uralmashzavod to order. This is the most powerful machine at the pit. It has the ladle volume of 20…
Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…
In January-May Russia produced 25.6 million tons of rolled metal, on par with 5 months of 2018. In May output grew by 8.5% MoM and by 0.9% YoY. According to the Federal Service of State Statistics, pig iron manufacture in 5 months totaled 21.3 million tons, down by 1.5%, with May results up by 3.7%…
Central Mining and Processing Works has signed an agreement on the social and economical partnership with the Petrovsky district administration and the district council. Combined investments in the development of the district infrastructure, educational, sports and medical facilities this year will reach 7 million UAH. In particular, under the contract it is planned to repair…
Russian Railways and the Union of Railway Operators Market have complained to the Federal Antimonopoly Service about high prices for wheels. According to the claim, annual demand for wheels amounts to 1.6 million while only 1.5 million are produced. The wheels for the Russian track gauge are made by the Vyksa Iron and Steel Works,…
Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…
In May Russia increased gold output by 11.5% YoY. At the same time compared with April the output dropped by 16.3%. In January-May gold manufacture in Russia grew by 24.4% YoY. (Ukrainian metal)
In January-May Ukraine mined 12.812 million tons of coal, down by 7.8% YoY. According to the Ministry of energy and coal industry, the output of coking coal dropped by 21.5%, to 2.117 million tons, and of power-generating coal by 4.5%, to 10.695 million tons. In May coal mining decreased by 1.9%, to 2.6 million tons.…