The largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016. Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ,…
The Mednogorsk Copper-Sulfur Works has started constructing a new sulfuric acid warehouse with the capacity of 12 thousand tons. The cost of the project, including equipment, is 400 million rubles. By the end of the year the contractor has to have constructed the foundation for tanks and pump station. The site will be commissioned in…
In July Ukraine decreased consumption of coal by 19.4% YoY, to 3.57 million tons, but up by 11.3% MoM. According to the State Statistics Service, in 2016 Ukraine consumed 31.3 million tons of coal, up by 9.4% YoY. In June coal consumption decreased by 21.5% YoY, to 3.2 million tons. (Ukrainian metal)
Within the TechFest to be held in Dnipro on September 16-17, Interpipe will present an interactive sensor video wall with a game “Ship pipes to Dubai or wheels to Saudi Arabia”. All in all Interpipe will present 4 events at the Modern Metal Manufacture exhibition. Among them: the virtual tour of the pipe and wheel…
A fire on the territory of Novosibirsk Iron and Steel Works named after Kuzmin has been extinguished. The accident took place on August 27. The firefighters have evacuated 6 people. There have been no casualties. Furniture and employees personal belongings were on fire in the shop No. 4 basement. (Ukrainian metal)
“In 2018-2023 we plan to put 7 new processing factories into operation with the annual capacity of 24.5 million tons. This will allow creating 1570 new jobs and processing 90% of coal mined in Kuzbass. Later on we plan to process all the coal mined here”, the Kemerovo region governor Aman Tulyeev declared. At present…
In July Russia produced 4.915 million tons of pig iron, down by 7.6% YoY (4.55 million tons in June). In January-July Russian pig iron output dropped by 2.6% YoY, to 35.101 million tons. Ukraine produced 1.79 million tons of pig iron in July, down by 13.8% YoY (1.52 million tons in June), with 14.031 million…
The Tin Ore Company, a part of Rusolovo, has put into operation a transport slope with the length of 780 meters at the Molodezhny mine of the Solnechnaya processing factory. The alternative scheme to transport ore is twice shorter than the previous one, which considerably decreases transportation cost. “With putting the factory into operation on…