In October Kinross Gold received the first Dore ingot of ore mined at the Moroshka deposits in Chukotka. The ore was processed at the Kupol mine. The company will be developing the site in 2019-2020. It intends to extract some 3.4 tons of gold per year at Moroshka. The Moroshka reserves are estimated at 6.86…
Karelsky Okatysh has started using a “virtual aide” when producing pellets. For this a special optimizing model was installed at three pelletizing machines, the main tasks of which are to improve product efficiency and save fuel oil without loss of quality. “Fuel oil is an expensive fuel and the main part of expenses in the…
MMK and Sinosteel Equipment & Engineering Co have signed a memorandum of intention and cooperation in the project to reconstruct the MMK coke manufacture. The parties have agreed to conclude agreements for the construction of objects under the project. The project presupposes the construction of the coke-oven battery No. 12, reconstruction of the recovery plant,…
Metinvest provides jobs to 64.786 people, or 34% of all the employees of the metal industry. ArcelorMittal Kriviy Rih is on the second place, followed by Dneprovsky Iron and Steel Combine, which officially belongs to ISD, but is in fact controlled by Metinvest. The average salary at Metinvest is 14,535 UAH, up by 59% from…
The underground strike of the miners from the mine named after Kapustin has been going on for over a week. The miners are demanding the clearing of salary debts and firing the Lisichanskugol management. At present 26 miners are striking, 7 have already been taken to the hospital. “They are going on a hunger strike,…
The court has penalized the ex-acting CEO of the state enterprise Volynugol Fedor Bogdan for 3.4 thousand UAH. Bogdan was penalized for the misuse of 5.2 million UAH. At present he occupies the position of the first deputy CEO – technical director of Volynugol. In 2015, when Bogdan was the acting CEO, he informed the…
Energomashspetsstal has concluded an agreement to supply rolls to the ISD Dunaferr. According to the company statement, for the Hungarian plant it will produce 7 backing rolls for hot- and cold-rolling mills. The weight of the whole batch is 174.8 tons. According to the schedule, the rolls will be delivered in July-October 2019. (Ukrainian metal)
NLMK Group, a global steel company, is pleased to announce the appointment of Dmitry Kholkin to the newly created position of Vice President of Digital Transformation. The key goal for Dmitry Kholkin and his team will be to use advanced data analysis tools and other digital technologies to develop the company’s production and support processes.…