In 2024, Ukraine could increase steel manufacture to 7-8 million tons from 6.2 million tons in 2023, experts say. According to Denis Sakva, Dragon Capital senior analyst, at present the remaining Ukrainian enterprises can produce 11-12 million tons of steel per year. Thus, the last year output of 6.3 million tons is slightly higher than…
The World Bank International Centre for Settlement of Investment Disputes (ICSID) has informed Romania and Gabriel Resources that it expects to render its Award on the litigation related to the Rosia Montana gold mining project on March 8. Romania’s finance minister, Marcel Bolos, admitted that the ruling, if monetary, would certainly impact the budget deficit…
Polymetal shareholders have supported selling Russian assets. In February, it became known that Polymetal had agreed to sell its Russian part of business to Mangazeya for $3.69 billion. The latter will receive 100% of Polymetal JSC. The deal is expected to be closed until the end of March. Polymetal has also demanded that until the…
An UAV has attacked a Severstal steel plant in Cherepovets, Russia. An explosion was heard in the city. Local Telegram channels reported that in the early morning of March 7 there was an explosion at the plant, heard by many citizens. The Severstal press service at first said there was a “technological accident at blast…
Police are investigating the theft of more than 3 kilometres of copper cables from U.S. Steel Kosice steelworks. Kosice police spokeswoman Lenka Ivanova said various types of copper cables with a total length of 3,080 metres were taken along with plumbing components, transformers, wheelbarrows and other construction material. Total damages related to the theft, which…
The Repair-Mechanical Metal-Rolling Plant, an ERG Service subsidiary, has mastered the manufacture of a new product – milling balls with the diameter of 30 mm. Such balls are used at processing factories to crush ore to the required fraction. The first batch of 100 tons will be sent to the industrial complex of SSGPO for…
In 2023, Ukraine produced 495.6 thousand tons of pipes, up by 10.2% YoY. According to Ukrtruboprom, Interpipe Niko Tube increased output by 13.3%, while Trubostal decreased by 42.5%. Ukrtruboisol increased manufacture of electric welded pipes by 43.8%, while Interpipe NMTZ decreased by 53.8%. Centravis increased stainless pipes production by 11.7%, while Oscar decreased by 30.5%.…
Thanks to the attack of an unmanned aerial vehicle, a fuel tank was blown up on the territory of Mikhailovskiy Mining and Processing Works in Kursk region. There were no casualties. MGOK named after Varichev is one of the largest iron ore extractor and processor in Russia. The enterprise is owned by Metalloinvest belonging to…