In Q4 2019 Ferrexpo shipped 2 Capesize ships via the Yuzhniy Sea Trade Port, and in 2020 – 5. The volume of each ship was 175 thousand tons of iron ore pellets. In Q4 2018 the company did not ship pellets via the port, and in Q1 2019 it was able to load only a…
Norilsk Nickel and Russian Platinum have signed an agreement in the framework of the Arctic Palladium joint venture. The agreement to create the joint venture on the basis of Taimyr platinum deposit was signed in February 2018. At that time Interros owner Vladimir Potaniun estimated his investments in the project at 250 billion rubles. In…
Severstal-Metiz is commissioning a new site to produce stabilized reinforcement strands. Investments total 400 million rubles. The project aims to increase strand manufacture by 1800 tons per month. Thus, the company capacity will reach some 5 thousand tons of reinforcement strands per month. (Ukrainian metal)
In 2019, MMK’s shipments of rolled steel to the domestic market, including the CIS countries, exceeded 9.7 million tons – a record for the entire post-Soviet history of the company. The plant set its previous record for shipments to the domestic market in 2014, with 9.588 million tons. Over the past 25 years, MMK has…
Ukrainian President Volodymyr Zelensky has promised to develop and discuss with the public the plans to reform and modernize coalmines. He stated this at a meeting with employees of the Mezhyrichanska coal mine of the Lvivvuhillia state enterprise in Chervonohrad on February 6. “First there will be plans, then we will discuss them with the…
This year Ukraine will fire 28 thousand miners working at state enterprises. “I want to warn Ukrainian miners and trade unions. According to my information, this year some 28 thousand state miners will be fired. This will affect 100 thousand people in related industries”, the head of the Radical Party Oleg Lyashko has declared. The…
The department of subsoil use of the Far Eastern Federal District has deregistered the license issued to the Priargunskoye Manufacturing Mining and Chemical Enterprise, a part of ARMZ, on prospecting and extraction of manganese at the Gromovskoye deposit in Zabaikalye region. The license was deregistered on January 31 due to its expiration. The license was…
Svetloye, developing a deposit of the same name in Khabarovsk region, in Q4 2019 increased gold output by 14% YoY, to 824 kg. In the entire year the company yielded 4.15 tons of gold. The growth in the output is due to the system of winter watering of ore piles. The company starts watering ore…