Russia: Tulachermet to get special crane

Following the construction of a ladle crane for Evraz ZSMK, Uralmashzavod is working on a special crane for Tulachermet.

The machinery will be used at the new iron and steel works being built in the city of Tula.

For Tulachermet-Steel Uralmashzavod has already produced 10 cranes. (Ukrainian metal)

Russia: VSMPO-Avisma to have profit tax cut

The authorities of the Sverdlovsk region and the VSMPO-Avisma Corporation have concluded a special investment contract until 2023. According to the agreement the corporation will carry out modernization of its rolling complex in the city of Verkhyaya Salda valued at over 1.2 billion rubles. Following the modernization new jobs will be created and the titanium…

Russia: Evraz ZSMK assembling ladle crane

Evraz ZSMK has started assembling a new ladle crane in its converter shop No. 2. The machinery has been produced by Uralmashzavod. The representatives of the customer were present at the machine-building works during the control assembly and testing. The machinery works faultless. The main units of the crane have been shipped to Evraz ZSMK.…

Ukraine to cut anthracite consumption

Ukraine this year would reduce anthracite consumption to 5 million tons, which is almost 50% less than the figure for the previous year, the press service of the government has reported, referring to Deputy Prime Minister of Ukraine Volodymyr Kistion. “If earlier we consumed over 9 million tons of anthracite coal a year, at the…

Ukraine: coal imports exceed 17 million tons

In January-November Ukraine imported 17.376 million tons of coal valued at $2431.05 million. According to the State Fiscal Service, Russia supplied $1370.08 million worth of coal (56.36%), USA – $603.79 million (24.84%), Canada – $149.86 million (6.16%), and other countries – $307.3 million (12.64%). At the same time Ukraine exported some $54.828 million worth of…

Russia: Vostsibugol starts developing Nygdinskaya site

Vostsibugol has started industrial development of Nygdinskaya site and intends to mine some 60 thousand tons of coal in December.

The coal mined will be processed at the Kasyanovskaya factory or sent directly to local consumers.

Vostsibugol won the auction to develop the site in 2013, having paid 2.85 million rubles. (Ukrainian metal)

Russia: Evraz accused of wheel price increase

The Federal Antimonopoly Service found out that in 2013-2015 Evraz set the profitability of 1058 mm wheel manufacture 4 times higher as that on the market. According to FAS, Evraz occupies the “dominating position on the Russian railroad wheels market” and has violated the law on competitiveness protection. In the past 5 years Evraz share…

Kyrgyzstan: 3 gold deposits put up for sale

Three gold deposits were put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. Kumbel gold deposit was discovered in 1936. Its reserves estimate has never been approved. The starting price is $9,120. The auction will be held on January 24, 2018. In addition, Issyk-Ata area with a starting price of…

Uzbekistan: 4 investors to prospect gold deposits

The State committee on geology and mineral resources has this year attracted 4 foreign investors to prospect 10 gold deposits. The agreements have been signed with B2Gold (Canada), NordGold (UK), TUMAD (Turkey) and Shindong Resources (South Korea). Gold reserves on these deposits are not revealed, but investments in prospecting could total $8 million. The agreements…

Ukraine: ferrous metals exports revenue up in January-November 2017

In January-November Ukraine received $7.848 billion from the exports of ferrous metals, up by 18.5% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.88% of the total export revenue against 20.24% in January-November 2016. In November ferrous metals exports earned Ukraine $932.47 million, up from $744.43 million in October. Imports increased by…