Irkutsk Aluminum Works has fulfilled the first contract to produce wire rod of 3000 and 4000 series alloys. The batch of 20 tons has been sent to a Moscow region works, producing welding wire. The wire to weld aluminum sections and structures is in demand all across Russia, but is mostly manufactured of imported wire…
Vysochaishy is preparing to put the first stage of manufacture at the Taryn Mining and Processing Works into operation in September. In August 2016 the government approved of the infrastructure support of the project at the Drazhnoye deposits in Yakutia. The project capacity of the first stage is 700 thousand tons of ore per year…
Kyshtym Electrolitic Copper Plant has assembled a new bridge crane with the lifting capacity of 10 tons at its copper electrolysis shop. The company needed the new machine because of the future increase of output. The crane will be put into operation in the near future. Under the modernization program in 2017 KMEZ intends to…
Evraz ZSMK has put into operation the new rewinding machine. The Italian mill rewinds large 1-2.5 tons coils into smaller one of 100-150 kg. Such coils are easier to transport and unload, and their unwinding does not require additional equipment. The new mill is an important stage of a major capacity developing project. In 2013…
Over 70% of coal, illegally taken from the occupied territories of Donbass to Russia, are then exported through 2 companies, connected with brothers Alexander and Sergei Melnichuks. The former is the “deputy energy minister” of the so-called Lugansk People’s Republic, a terrorist organization, created and supported by Russia, while the latter legally trades in coal…
The third vessel with anthracite from South Africa for DTEK has arrived. On August 14 the unloading began. The coal will be sent to Pridneprovskaya and Krivorozhskaya thermal power plants. The first vessel with African coal arrived on May 25, and the second on July 23. DTEK says it buys coal at around $100 per…
Metinvest mining and processing works have asked the acting chairman of Ukrzaliznytsia Yevgeny Kravtsov to help provide enough railroad wagons. While the enterprises need 4141 wagons, they received only 695 (or 16.7%). In particular InGOK needed 378 wagons from Uzhgorod to Slovakia, but received none, from Chop to the Czech Republic – 162 and 10…
Almalyk Mining and Metallurgical Combine (AMMC, Almalyk city, Tashkent region), a monopoly copper producer in Uzbekistan, has started implementation of the second phase of the “Development of the Dalneye deposit” project, the press service of the AMMC reported. The work was started on the instruction of Uzbek President Shavkat Mirziyoyev, who arrived in Almalyk to…
Substantial construction works have been completed on the inclined conveyor barrel of the Vorgashorskaya mine of Vorkutaugol, one of the largest coal mining companies in Russia, a subsidiary of Severstal. The company has started the preparation of the coalmine, from which coking coal will be mined. The construction of ICB unit at the Vorgashorskaya mine…
A concept for reforming the country’s coal industry until 2020 approved by the government envisages the creation of state-owned enterprise National Coal Company, which will receive 33 state-owned coalmines, Deputy Prime Minister Volodymyr Kistion said at a first meeting of the interagency working group for settling crisis in coal industry. “It is easy to solve…
Rail transportation of coal exported from Russia in January-June increased by 16.4% YoY, to 94.8 million tons. The railway transport statistics show that the largest coal exports volume was hauled to the Far East regional ports and border crossings points. According to Rosstat, in the first half of 2017 coal production in Russia increased by…
In January-June Polyus increased gold output by 12%, to 938 thousand ounces (29.17 tons), mostly thanks to the growth of manufacture at Olimpiada and Verninskoye deposits. Gold sales increased by 17%, to 983 thousand ounces, including 71 thousand ounces in concentrate from Olimpiada. Sales revenue reached $1.217 billion, up by 14%, at the average price…
In January-July the St. Petersburg subsidiary of the First Cargo Company transported 171.3 thousand tons of scrap, up 1.5-fold YoY. The company throughput in the segment increased by 60%, to 97.8 million ton-km. “The increase of scrap transportation via Oktyabrskaya railroad has to do with the high demand for scrap on behalf of Severstal and…
ArcelorMittal Temirtau has ordered the services of mining coal and loading it into railroad cars, but has not paid the contractor over 36 million tenge.
The company filed a complaint and the court ordered AMT to fulfill its contract obligations. (Ukrainian metal)
Oskol Electrometallurgical Works is going on with its large-scale investment project – the construction of the reducing-sizing mill in its bar-rolling shop No. 2. Investments total 800 million rubles, and the output of rolled metal will as the result of the modernization increase by 67 thousand tons per year. The main and auxiliary machinery has…
In January-July Azovstal Iron and Steel Works produced 2.15 million tons of rolled metal, up by 11.5% YoY. According to the company statement, steel output increased by 14%, to 2.436 million tons, pig iron – by 17%, to 2.153 million tons. In July Azovstal produced 251 thousand tons of rolled metal, 270 thousand tons of…
Dneprovsky Iron and Steel Combine is operating 2 blast furnaces but is preparing the third one for operation. According to the company statement, the BF No. 1M was blown on July 22, and it was the only BF to produce pig iron in July. BF No. 9 was blown on July 23, and started producing…
Since the start of the alluvial gold season HERGU has obtained 247 kg of the precious metal, down by 11% YoY. As of early August 2016, the company has obtained 278 kg of gold from its sites, with the same result in 2015. This year HERGU intends to get 700 kg of gold, down by…
Severstal, one of the world’s leading steel and steel-related mining companies, has created a hybrid Data Lake as part of its digital strategy to secure the company’s competitive advantages in the long-term. The infrastructure is designed to store company functional data files for subsequent processing and use in Severstal’s data analysis, machine learning and artificial…
China National Gold Group (China Gold) is interested in Musa Bazhayev’s Russian Platinum’s projects in Russia and Kyrgyzstan with investments of up to $4.6 billion. These are the Chernogorskoye and Norilsk-1 polymetallic fields on the Taimyr Peninsula and the Jerooy gold deposit in Kyrgyzstan. Russian Platinum confirmed talks with China Gold, but said it was…
Russian billionaire Mikhail Prokhorov’s Onexim Group is selling a 7% stake in aluminum giant UC RUSAL to a company affiliated with Sual Partners of Viktor Vekselberg and Leonard Blavatnik for $503.9 million, RUSAL said in a statement on August 11. At present, Onexim holds 13.7% in RUSAL and Sual Partners has a 15.8% stake. As…
Russian retailer Magnit and metals giant Norilsk Nickel were put on Forbes’ list of the world’s 100 most innovative companies, according to a statement on Forbes’ Web site. Magnit obtained the 53rd place on the list and Norilsk Nickel holds the 63rd position. Software developer Salesforce regained the top spot as the world’s most innovative…
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to keep the ratio of its net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) at 2 in 2017, Vice President Nikolai Ivanov said during a conference call on August 10. “We plan no serious changes of the net debt level at the…
The state coal companies have started receiving budget funds to pay salary to miners. The largest part of them was used to clear debts. According to Mikhail Volynets, the chairman of the Independent Miners Union, Selidovugol has paid June salary and 10% for July. Lisichanskugol miners received all the June money and 12% for July.…
GRK MLD LLC intends to put its copper concentrate and cathode mining and processing works in the East-Kazakhstan region into operation this year.
According to the regional department of entrepreneurship and industrial-innovative development, investments into the project total 17.4 billion tenge. The works capacity will be 750 thousand tons of ore per year. (Ukrainian metal)
In January-June VIZ-Stal thanks to its energy efficiency improvement program decreased electricity consumption by 529 thousand kWh and of gas by 722.5 thousand cubic meters. This allowed the company to save 5.1 million rubles In particular, the company has finished modernization of two nitrogen-producing mills used in the thermal treatment of metal. The project will…