Ukraine: AMKR opens “Young Engineers” school

PJSC ArcelorMittal Kriviy Rih launches a new education project, which is the “Young Engineers” school. Its participants may be the employees’ children aged from 9 to 15 years. The learning program includes chemical and physical experiments, robotics technology, construction, master classes on work with wood and metal. When the young engineers will begin their exciting…

Russia: Orotukan Alluvial Company to get 300 kg of gold in 2018

This year the Orotukan Alluvial Company LLC intends to obtain 300 kg of alluvial gold.

According to the company statement, the sand-washing season will start on May 1.

Last year the company obtained 296.6 kg of gold.

The company owns 11 licenses for alluvial gold sites in the Magadan region. (Ukrainian metal)

Russia: Zabaykalye to introduce patents for gold extraction

Zabaykalye region intends to implement a pilot project of granting individual entrepreneurs patents to extract gold at lesser deposits and alluvial sites.

The project will solve the problem of illegal extraction of gold in the region.

The entrepreneurs will be given small sites, rejected by major companies. (Ukrainian metal)

Russia: ZEMZ to increase arc shop output

A new arc furnace with the volume of 12 tons will start operating in April at ZEMZ. Its capacity is 27 thousand tons of steel per year. Previously the company operated only 2 furnaces, which provided the combined output of 3800 tons of liquid steel per month. The commissioning of another furnace will increase output…

Russia: Kola to replace bridge cranes

Norilsk Nickel has started replacing bridge cranes in the nickel electrolysis shop of Kola Iron and Steel Works. It is planned to assemble 8 new bridge cranes with the cost of some 200 million rubles. The maximum lifting capacity of each new crane will be 20 tons. The replacement of cranes is one stage of…

Ukraine: EMSS losses down in 2017

In 2017 Energomashspetsstal received 930.56 million UAH of losses, down by 38% YoY. According to the company information, since the beginning of the current year its uncovered losses totaled 7.89 billion UAH (7.013 billion UAH in 2017). In 2016 EMSS decreased losses 2-fold YoY, to 1.498 billion UAH. Last year the company assets dropped slightly…

Russia: Natalka to yield 5 tons of gold

Mine named after Matrosov, a part of Polyus, plans this year to mine 5 tons of gold at the Natalkinskoye deposits in Magadan region. When the project reaches its full capacity, the output will total 12 tons per year. Together with other enterprises, Natalka could bring the combines gold output of the region to 40…

Russia: Stoylensky GOK gets newest drilling rig

A new drilling rig began operating in the Stoylensky Mining and Processing Works quarry.

It has been purchased under the renovation program to replace outdated machinery.

The efficiency of the new rig is 7% higher.

The new machine also boasts increased lifetime of 2 years and decreased terms of repairs. (Ukrainian metal)

Russia: Evraz NTMK sales down in January-February 2018

In February Evraz NTMK decreased railroad sales of rolled metal by 6.1% YoY, to 280.2 thousand tons.

In January-February sales dropped by 12.7%, to 586 thousand tons.

In particular, supplies to domestic consumers decreased by 7.5%, to 289.2 thousand tons, and for export – by 17.2%, to 296.8 thousand tons. (Ukrainian metal)

Ukraine: Kurchenko becomes the sole coal supplier from occupied territories

Gaz-Alliance, controlled by the renegate businessman Sergey Kurchenko, has been appointed the only supplier of coal from the Kiev-uncontrolled territories. According to Vladislav Brig, a member of the so-called People’s Council of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, on March 14 the Russian Ministry of economic development prohibited the…

Russia: Raspadskaya net profit up in 2017

In 2017 Raspadskaya received $319 million of net profit, up 1.7-fold YoY.

According to the company statement, its revenue grew 1.7-fold, to $868 million.

The gross profit reached $459 million, up 2.2-fold YoY. (Ukrainian metal)