In 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles. Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively. In particular, both mines received Sandvik mining machinery worth 129…
In 2016 Chelyabinsk Iron and Steel Works, a part of Mechel, increased its net profits 3.7-fold, to 14.978 billion rubles, hitting a record in all its history. In 2015 the works earned 4 billion rubles. In 2016 earnings increased by 12%, to 107 billion rubles. (Ukrainian metal)
In February Ukraine produced 1.835 million tons of pig iron. This was enough to help it retain the 8th position in the list of top world pig iron manufacturers. The first position is occupied by China with 55.573 million tons, up by 9% YoY. All in all the world pig iron output in February totaled…
Black Iron Shymanivske Steel LLC has been granted the right by the Kriviy Rih city council to prepare the land plan for the construction of the iron ore plant. The company intends to state in the plan the open-pit mine, repair shop, and fuel reserve site as the main infrastructure objects. In 2010 Black Iron…
In 4 years the labor productivity in non-ferrous metallurgy increased 4-fold. “All the targeted indexes in labor productivity in the priority industry have been reached”, the vice-minister on investments and development Roman Sklyar declared. In ferrous metallurgy labor productivity in 2016 reached 248.6% from the level of 2012, while the targeted volume was 108.7%. Labor…
DTEK has warned about the risk of working at the enterprises occupied by the militants on the temporarily uncontrolled territory. According to the company statement, prior to the take-over it guaranteed the fulfillment of all normative and technical documents in labor and industrial safety. Moreover the company paid for all training, attestation of employees, etc.…
The Ministry of energy and coal industry initiates the implementation of the laboratory control of imported coal not to allow deliveries of coal from the terrorists-taken mines on the temporarily occupied territories of Donetsk and Lugansk regions. “Each mine is like a fingerprint: coal deposits have a unique geological and chemical formula, and the laboratory…
From March 29, Severstal decreased prices on its main products – hot- and cold-rolled metal, galvanized metal and polymer-coated metal – by 2.7-6.2% per ton, depending on the product. “Despite a slight pressure on the prime cost of our products of such factors as ruble strengthening and tariff increase, we decrease our ruble prices. We…