The investment program of Olenegorsk Mining and Processing Works for 2018 will exceed 1 billion rubles, on the level of 3 previous years. According to the company statement, some 290 million rubles will be used to buy two new dump trucks and the front-end loader for the mining division. 114 million rubles will be spent…
An oil transformer with cables caught fire on the territory of the Zaporozhye Ferro Alloys Plant. Some 28 firefighters and 7 units of special machinery were engaged in extinguishing the fire. The fire appeared on the area of 25 square meters. The reason of the fire is unknown as yet. (Ukrainian metal)
In January Ukraine exported 654.597 thousand tons of carbon steel semi-finished products, up by 11% YoY, valued at $289.516 million, up by 38.5%. According to the State Fiscal Service, Italy (30.37%), Turkey (24.71%) and Egypt (15.08%) were the main customers. Imports reached 1.997 thousand tons, up 6.2-fold YoY, valued at $1.151 million, up 7-fold. The…
In January Chukotka Autonomous District mined 1.755 tons of ore gold, down by 7.3% YoY. 5 companies mine for ore gold in the district: 2 of Kinross Gold, Mayskoye LLC, Rudnik Karalveyem and Rudnik Valunisty LLC. Alluvial gold season has not started yet – it is expected to commence in April-May. Silver output dropped us…
In 2017 Severstal Distribution increased sales by 13% YoY, to 1.75 million tons. The distribution network sold 16% of all steel produced by Severstal Russian Steel last year. Revenue exceeded $1 billion. Sales in Russia demonstrated the largest growth – by 18% YoY, to 890 thousand tons, with revenue preliminary at $515 million. Sales to…
Chelyabinsk Iron and Steel Works has finished a large-scale overhaul of the gas-purifying equipment in the oxygen-converter shop. The repair will improve the level of environment safety. The shop operates 3 converters and an arc furnace, which jointly produce over 3.9 million tons of steel per year, as well as 4 continuous casting machines with…
In 2018 Kuzbassrazrezugol intends to increase coal mining by 2.81% YoY, to 47.6 million tons. The company also plans to increase its exports share to 80%. Investments will remain on the level of 15 billion rubles. Last year Kuzbassrazrezugol increased coal output by 4.5% YoY, to 46.3 million tons, including 6.2 million tons of coking…
Magnitogorsk Iron and Steel Works (MMK) has been one of the winners at the Russian Business Leaders: Dynamics and Responsibility competition, which is held every year by the Russian Union of Industrialists and Entrepreneurs (RSPP). The company secured a victory in the category “Development of Human Resources”. The awards ceremony took place in Moscow on…