PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…
RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…
Energomashspetsstal has shipped ArcelorMittal companies 345 tons of supporting rolls. According to the company press-service, the contract to produce rolls was signed in 2017. In particular, for ArcelorMittal Temirtau EMSS produced 197 tons of rolls for hot- and cold-rolling mills. 148 tons were shipped to ArcelorMittal works in Spain, Belgium and France. At present over…
The state enterprise Toretskugol has ordered the Donenergoexport LLC the delivery of 300 tons of mine sections valued at 11.63 million UAH. The enterprise has ordered three types of sections with the length of 12 m: 150 tons of SVN-22, as well as 75 tons of SVP-27 and SVP-33 sections each. One ton of each…
According to the Svoboda Truda union chairman Igor Tokovenko, on April 18 the Severniy Mining and Processing Works employees will go on a strike. They intend to demand increase of salary, decrease of the working hours norms and setting up labor terms. Last year the State Fiscal Service found out that the enterprise did not…
Russian gold producer Polymetal International has signed an agreement with Russian Copper Company to exchange the Tarutinskoye field in Russia for 85% in the East Tarutinskoye field in Kazakhstan, Polymetal said in a statement on April 16. “As a result of the transaction, Polymetal will receive 85% of LLP Tarutinskoye, the license holder for the…
In 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…
Lemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…
