Bratsk Ferroalloy Works, LLC has started reconstructing the ferroalloy furnace No. 3. The repair will result in the 30% increase of output and a 10-13% decrease in energy consumption. Reconstruction will cost some 1 billion rubles. In addition to new equipment the company intends to assemble 530 tons of metal structures, use 640 cubic meters…
ChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…
Novgorodsky Iron and Steel Works is preparing for the scheduled repairs of its MAERZ furnace, the main copper-smelting machine of the enterprise. The furnace will be put out of operation in late July. The repair is expected to be carried out in 7 days. The work will be carried out by NMZ employees. The capacity…
The net profit of Severstal plunged by 62.1% QoQ, to $163 million in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on July 20. But revenue increased by 9.3%, to $1.931 billion and EBITDA rose by 8.8%, to $629 million. In January-June, the net profit of the company…
Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov commented on reduction in the share of Kyrgyzstan in Centerra Cold Inc. Earlier it was reported that share of Kyrgyzstan decreased by 6% because of the additional issue of shares. According to Almaz Alimbekov, the additional share issue of Centerra Cold Inc. will allow Kyrgyzaltyn to receive…
Ukraine’s Energy and Coal Industry Ministry plans to make legal arrangements towards Turkish companies that buy coal from the areas temporarily not under control of the Ukrainian government, minister Ihor Nasalyk reported. “The ministry sent letters to the embassies of eight countries where coal from the ATO zone could be sold. The most problematic is…
Ukraine will do without anthracite coal in 18 months, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “In 18 months we would not raise the issue of anthracite coal purchases for thermal power plants (TPPs). We would still have to buy it for combined heat and power plants (CHPPs),” he noted. Nasalyk said…
Nornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…
