Metinvest Group intends to remain a stable player on the European steel market. “We are working on a business model to let us become a consistent player and diversify sales between various regions to focus on our main consumer markets”, the group sales director Dmitriy Nikolayenko declared. “Metinvest is the manufacturer with low expenses and…
Izhstal has capitally repaired its hydraulic shearing press. The stable operation of the machinery will provide the electric arc steel shop with quality raw materials. The capacity of the Metso Lindemann shearing press is 29 to 64 tons per hour depending on the type of scrap. The specifically prepared scrap is then used to produce…
Corum Group has concluded a new agreement with one of the largest potassium fertilizers manufacturers in the world – Belaruskaliy. The company has ordered 16 innovative transformer substations. “These substations are more powerful, while at the same time being more efficient. We used to produce 6 kW transformer substations. The new substations have the capacity…
Sergey Yaremchuk has been appointed new Cherepovets Iron and Steel Works coke-sinter-blast furnace manufacture director from November 1. Prior to that he was the deputy director on techniques. Yevgeniy Vinogradov, who has been managing the pig iron manufacture from 2014 till 2019, will continue his carrier as the Severstal Russia Steel CEO. Sergey Yaremchuk has…
Gold consumption by Russia’s jewelry industry fell by 0.24% YoY, to 25.002 tons, or 803,800 ounces, in January-September, a representative for the Assay Chamber of Russia reported. The industry’s silver consumption decreased by 2.61%, to 80.374 toes, or 2.584 million ounces, in the period. Russia’s gold jewelry production fell to 22.39 million items with a…
In August-October the state enterprise Mine named after Surgay concluded 9 agreements with Dragarem LLC for the repair works valued at 33.6 million UAH. Until mid-2020 the company has to repair various types of mining machinery and transformer substations. The price is 9% below the expected cost of the purchases (37.08 million UAH). (Ukrainian metal)
A roof of the electrical shop on the territory of the Belozerskaya mine caught fire. According to the State Emergency Service, there were no casualties or injured. The firefighters extinguished the fire on the area of 20 square meters. 233 miners were evacuated to the surface. (Ukrainian metal)
The Federal Antimonopoly Service has allowed Kupol Ventures Limited to buy the Third Mining and Geological Company. Via the former Kinross Gold owns the Kupol deposit in Chukotka and via the latter N-Mining Ltd is developing the Chulbatkan gold deposit in Khabarovsk region. Kupol was allowed purchasing 100% of the mining company shares. Kinross bought…