The Central Commercial Court of Appeals has amended the ruling of the Dniepropetrovsk Region Commercial Court, which has approved the claims of creditors to Dneprovsky Iron and Steel Combine for the total amount of 87 billion UAH. In particular, Metinvest Holding LLC demands 20.7 billion UAH, Dneprovsky By-Product Coke Plant – 8.5 billion UAH and…
Russia is the world’s third largest coal exporter after Indonesia and Australia with a share of 15%, Energy Minister Alexander Novak said on February 27. “The exports are very important and have doubled since 2011. Russia occupies the third position in the world after Indonesia and Australia by coal exports. We hold a 15% share…
Sberbank, VEB and UGMK have signed base indicative conditions to finance the project to develop the Korbalikhinskoye polymetal deposit in Altai region and reconstruct the Rubtsovskaya processing factory to increase its capacity to 1.5 million tons of ore per year. The total cost of the project is 38 billion rubles. The company intends to borrow…
Kopy Goldfield AB (Sweden) has two ways to develop the Krasnoye deposit in Irkutsk region. The first is the combined development. At first a processing factory with the capacity of 1 million tons of ore per year and an open quarry at the Krasniy site will be constructed. After that a mine will be constructed.…
Uralelectromed has increased the capacity of its site to process industrial products of the chemical and metallurgical shop. Antimonous slags originating during the pyrometallurgical processing of lead cake are sent to the chemical and metallurgical shop, operating since 2017. In 2019 the site received two additional electrolysis baths, which would allow producing 100 tons of…
Izhstal has passed the product quality inspection and received a certificate of the Aviation reducers and transmissions – Perm Motors approved supplier. The companies have been cooperating for many years, with Izhstal supplying metal products of structure, nickel-alloyed and stainless steel. The metal is used to produce body parts, rolls and gears of aviation engines.…
In 2019 Severstal invested 1.1 billion rubles in labor safety at Cherepovets Iron and Steel Works. In particular, the group has reconstructed premises in order to improve working condition and decrease risk of injuries. The reconstruction mostly concerned ventilation systems, conditioning, replacement of old lighting system and the assembly of railings. All in all there…
ArcelorMittal Temirtau has launched all of its three oxygen converters with the volume of 300 tons after repair. Now the shop operates at full capacity. The converter No. 2 started operating in early January, and then converter No. 1 was shut down for repair, which lasted for 100 days. Since February 9, the shop has…