In June the sales of metal via railroad from NLMK totaled 961.9 thousand tons, up by 7.2% YoY. In 6 months sales grew by 4% YoY, to 6.46 million tons. This is the highest result in the past several years. This year deliveries to domestic customers grew by 18.2% YoY, to 2.23 million tons, while…
In June Beloretsk Iron and Steel Works sold 41 thousand tons of metal wares, up by 15% YoY. The company increased supplies to the domestic companies of the oil and gas, machine-building, car and construction industries. Steel bearing wire showed the largest increase – 2-fold. Rebar threads and alloyed welding wire sales grew by 32%…
In January-June Priisk Solovievskiy extracted 1068 kg of gold, down by 3.4% YoY. 569 kg accounted for alluvial gold sites, where work is carried out from May till October. The rest (499 kg) was obtained from the Solovievskiy gold ore deposits. In 2017 the company obtained 3127 kg of gold. (Ukrainian metal)
Russian Copper Company and the authorities of Magadan region have concluded a cooperation agreement on investment projects. The document was signed by the RCC president Vsevolod Levin and the temporarily acting governor of the region Sergey Nosov. RCC intends to inspect and develop copper deposits on the territory of the region in order to construct…
Magnitogorsk Iron and Steel Works (MMK) is expanding its innovative cooperation with Oracle, having chosen the corporation as its strategic partner for the next five years in the implementation of the concept “Industry 4.0”. The optimization and unification of MMK’s business processes on the basis of a unified Corporate Information System (CIS) will facilitate the…
Satbayev University and ArcelorMIttal Temirtau JSC have founded a joint enterprise to realize a coal-bed methane exploration and production project at the Karaganda coal basin. Coalbed methane (CBM or coal-bed methane), coalbed gas, coal seam gas (CSG), or coalmine methane (CMM) is a form of natural gas extracted from coal beds. As the international experts’…
On July 9 the operation of the Novovolynskaya No. 9 mine (state enterprise Volynugol) was suspended. The miners demanded from the authorities to clear salary debts. On July 5 the Ministry of energy and coal industry divided budget funds. It was planned to spend 324 million UAH to clear salary debts, with 9.5 million UAH…
In January-June Seligdar increased rock transportation by 15% YoY, to 10 million cubic meters. Rock mining grew by 56%, to 5.8 million tons. Gold output increased by 39%, to 1327 kg. Nizhneyakokitsky Works demonstrated the best results having obtained 600.1 kg of gold. This year Seligdar intends to mine 6 tons of gold. (Ukrainian metal)