A company, which has obtained a license for exploration of a coal deposit, has temporarily suspended its activities, Head of Alai district of Kyrgyzstan, Zamirbek Moldokulov, has reported. According to him, a meeting with residents of Lenin village on the coal deposit, located in Taigak-Tash area, has been held. “It was not a rally, but…
This year Olkon’s investment program will total 2.86 billion rubles. In particular, 1.4 billion rubles will be invested in projects to improve efficiency and develop manufacture, as well as increase iron ore concentrate quality. Some 1.46 billion rubles will be spent to maintain and replace main funds of the company, including to modernize mining and…
In January the last batch of machinery produced by Tyazhmash for Agarak Copper-Molybdenum Works was shipped. The batch consisted of the second of two mills with all the necessary accessories. The first mill was delivered in November 2019. (Ukrainian metal)
Electrocable Kolchugino Works has purchased five new lift-trucks. Their combined cost exceeded 13 million rubles. In particular, the company bought one 16-ton forklift diesel loader and four 3- and 5-ton loaders. The new machines will replace outdated units. This year Electrocable intends to buy 4 more loaders. (Ukrainian metal)
Evraz NTMK has started producing KR140 crane rails. Now the rail and beam shop is capable of producing all five types of these rails – from KR70 to KR140. New rolls have been purchased in order to produce new rails. One meter of the crane rail weighs some 150 kg. The length of each rail…
In January Ukraine exported 631.309 thousand tons of semi-finished steel products valued at $232.382 million, down by 25.2% and by 35.9% YoY respectively. According to the customs statistics, the main customers were Turkey (32.58%), Italy (20.53%) and Bulgaria (11.25%). In January Ukraine imported 2.392 thousand tons of semi-finished products, down 5.3-fold YoY, valued at $967…
In November 2019 Metinvest B. V. decreased revenue by 13% MoM, to $693 million. Metal segment revenue totaled $576 million and mining – $188 million. Inner-group sales were at minus $72 million. EBITDA decreased to minus $2 million. Metinvest debt grew by $14 million, to $2.971 billion. (Ukrainian metal)
In 2019 Kazakhstan exported 28.1 million tons of coal, down by 3.8% YoY. According to the Ministry of Industry and Infrastructure Development, the export decrease is due to the drop of coal demand on foreign markets. Exports to Russia went down by 4.1%, to 21.01 million tons, and to far foreign countries – by 23%,…