Russia: Ferrum modernizes TESA 51-190 mill

Ferrum has put into operation its modernized TESA (pipe welding) 51-190 mill. The mill produces steel pipe of 219 mm diameter, used mostly in pipelines. The wall thickness is 3-8 mm. Ferrum started manufacturing electric welded pipes in 2015, having put into operation three pipe welding mills with the total capacity of 15 thousand tons…

Russia: MMK net profits up in Q1 2017

The net profits of Magnitogorsk Iron and Steel Works in January-March increased by 53.5% YoY, to $241 million.

According to the company statement, earnings increased by 58.1% YoY because of the higher sales prices (by $249 per ton, or by 76.8%).

EBITDA grew by 106.4%. (Ukrainian metal)

Ukraine: pellets exports in Q1 2017

In January-March Poltava Mining and Processing Works, a part of Ferrexpo, exported 2.527 million tons of iron ore pellets. Ukrainian pellets went to Europe and the Near East, as well as Japan, China and Korea. At the same time Karelsky Okatysh exported 1.459 million tons of pellets, Lebedinsky GOK – 996 thousand tons, Mikhailovsky GOK…

Russia: Tugnuyskaya Factory to increase coal processing

Tugnuyskaya Processing Factory has good prospects of developing. To increase capacity SUEK decided to construct another processing factory. “When the second module of the factory is put into operation, we will increase capacity and create 100 new jobs”, the acting deputy CEO on processing of Tugnuyskaya Factory Igor Shkodin said. The annual processing plan for…

Russia: Stoylensky GOK gets new gyratory crusher from Uralmashzavod

The contract for the new gyratory crusher was concluded after the Uralmashzavod specialists checked the crushing machinery at the processing factory of the Stoylensky Mining and Processing Works. The new machine will replace a similar one, produced by Uralmashzavod and delivered in 1983. The crusher has already been tested and supplied to the GOK. (Ukrainian…

Russia: Severstal Balakovo gets new CEO

Since May 11, the new general manager of Severstal – Balakovo, a part of Severstal Russian Steel, is Artem Akinfiev, who has previously been responsible for the improvement of manufacturing processes at Promservis, another part of SRS. “In his new office Akinfiev will be responsible for increase of the company competitiveness on the bars market”,…

Russia: Kolyma gold mining up in 2017

So far the gold washers of Kolyma have yielded 1.7 tons more gold then last year.

The plan for the year is 30.5 tons.

In 2016 Kolyma miners produced 27.9 tons of gold and 889.2 tons of silver, with 15.9 tons of alluvial metal, an absolute record for Russia.

Susumanzoloto yielded 4.5 tons. (Ukrainian metal)

Ukraine: coal mining down in April 2017

In April Ukraine mined 2.706 million tons of coal, down by 22.3% YoY. According to the Ministry of energy and coal industry, coking coal output decreased by 25%, to 2.309 million tons. In January-April coal output dropped by 3.3%, to 13.66 million tons. In 2016 Ukraine mined 40.864 million tons of coal, up by 2.8%…

Ukraine: mining sales up in Q1 2017

In January-March Ukraine sold 532.95 billion UAH of industrial goods (products and services), up by 34.7% YoY, including 140.84 billion UAH exported, up by 40.3%. According to the State Statistics Service, mining and quarry industry sales increased by 75.4% and of processing – by 28.1%. Metal and metal wares accounted for 16.7% of the sales,…

Ukraine: Novovolynsk miners still not paid

On May 4, the Novovolynsk miners met the deputies of the people’s deputy Igor Guz to discuss the salary debt problems. According to the chairman of the local miners union Anatoly Mukhomedzhanov, the miners have not received 30% of the February payment, and 100% of March and April salary. So far the debt amounts to…