Natalka Mining and Processing Works, the main new project of Polyus, has received the first batch of Dore gold. The company is testing the new machinery. Polyus expects the project to reach full capacity by late 2018. Natalka gold-extracting factory with the capacity of 10 million tons of ore is the largest in Russia. It…
The rolling shop No. 1 of the Zlatoust Electrometallurgical Works has started manufacturing new products – the 45×580 mm hot-rolled strip. “The strip has been manufactured at the 1150-mill of the 2.8-ton steel ingot. In just one smelting of the 560×560 mm ingot we were able to receive the 45×580 mm strip with the high…
Corum Group has purchased a Doosan DBC160 drilling-milling center for its plant in the city of Kharkiv for 1 million euro. This is the largest investment in the manufacturing machinery of the company in the past several years. According to the company the purchase will allow it to produce most of the spare parts on…
In October world pig iron manufacture increased by 1.7% YoY, to 99.649 million tons. According to World Steel Association, China was leading with 60.015 million tons, up by 2.1% YoY. Ukraine occupies the 9th position with 1.655 million tons, followed by Taiwan with 1.25 million tons. In November Ukraine produced 1.83 million tons of pig…
The management of Zaporozhye Aluminum Works hopes that the Cabinet of Ministers will write off its 50 million UAH debts to the Pension Fund. According to the fund, Zaporozhye region companies’ debts stand at 62.204 million UAH. ZALK is the largest debtor with 53.32 million UAH, followed by Zaporozhye Titanium and Magnesium Works (4.24 million…
Since the start of the year Dalenergougol LLC has mined 60 thousand tons of coal at the Vostochniy site of the Ilyichevskoye deposits. The company operates four Belaz-7547 with the lifting capacity of 40 tons each at the site, as well as Komatsu PC 750 and Hitachi 650 excavators. By the end of the year…
In October Russian Railroads transported 8.9 million tons of iron ore, on the level of the year start. Since the beginning of the year some 91.3 million tons of ore have been transported, down by 0.2% YoY. Exports continued decreasing due to the growth of local consumption. The largest decrease in exports was in the…
S&P Global Ratings has improved the TMK rating to the Stable. The agency has also confirmed the company long-term ratings in foreign and local currency on the level of B+. “The Stable forecast shows our expectation of the company to continue making efforts to decrease the share of loan funds”, the agency said. According to…