In January-September Amur region yielded 20213 kg of gold, up by 19.7% YoY. In particular, the region obtained 13499 kg of ore gold and 6714 kg of alluvial gold. In January-September 2016 Amur region yielded 16887 kg of gold, including 5872 of alluvial and 11012 kg of ore gold. The main contributors to the output…
Karelsky Okatysh has started the construction of a road to its new quarry Vostochniy. The development of the deposits is expected to start in 2021-2022. This will be not only the technological road, but also a transport vein of the regional level. “Our task is to create a road for dump trucks. The length of…
In September Russia exported to Europe 208 thousand tons of coal, illegally taken from the occupied districts of Donetsk and Lugansk regions. This is up by 18% MoM, or by 33 thousand tons. According to a source among Russian coal traders, in August-September coal exports were hindered by the Russian Railroads limitations. (Ukrainian metal)
The Ministry of economic development and trade has officially confirmed the imposition of a 5-year antidumping duty by the Eurasian Economic Commission on the Metinvest hot-rolled angles in the volume of 37.89%. The EAEC decided to impose antidumping duties on the imports of hot-rolled steel angles originating from Ukraine under the codes of 7216210000, 7216401000,…
Abinsk Electrometallurgical Works has completed the modernization of its arc-furnace shop. The project saw the reconstruction of the arc-furnace, stove-busket as well as the continuous-cast billet machine. As the result the company will increase the manufacture of 130 and 150 mm billets from 1.2 million tons to 1.5 million tons. The works will also be…
In January-June Metinvest increased EBITDA by 45% YoY, to $839 million. According to the group statement, earnings increased by 36%, to $3.913 billion, but net profit fell by 20%, to $72 million. The EBITDA growth was the result of the increase of sales prices ($1.192 billion), EBITDA share increase in joint companies ($69 million), as…
SOGAZ will insure Severstal property for 113 billion rubles. In particular, the company will insure the assets of Severstal, Severstal-Metiz, Orel Iron and Steel Works, Severstal steel ropes, Izhora Pipe Works, Severstal Pipe-Section Works Sheksna, Karelsky Okatysh and Olkon. The mining and property complexes, as well as special machinery, railroad wagons, automobiles will be insured…
Severstal has chosen the supplier of the hot-rolled strip surface quality control system for Cherepovets Iron and Steel Works. ISRA Parsytec GmbH will supply, assemble and commission four quality control systems. “The investment project with the total value of over 180 million rubles is aimed at improving the quality of the cold-rolled metal surface, as…