Russia: Karabashmed finishes converter site modernization

Karabashmed is finishing a large-scale modernization of the converter site at the metallurgical shop.

The last of the three Kumera converters has been assembled.

All the work is expected to be finished in Q2.

At the same time in the sulfuric acid shop the company is assembling 4 new moist electric filters. (Ukrainian metal)

Ukraine: pellets exports in January-February 2019

In January-February Ferrexpo exported 1758.3 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 1470.3 thousand tons and Yeristovo GOK – 288 thousand tons. Metalloinvest (Russia) exported 959.3 thousand tons of pellets, including Mikhailovsky GOK – 816.7 thousand tons and Lebedinsky GOK – 142.6 thousand tons. Metinvest shipped 715.4 thousand tons of pellets…

Russia: KZOTsM losses up in 2018

In 2018 Kirov Non-Ferrous Metals Processing Works received 154.8 million rubles of net losses, up 6-fold YoY.

At the same time, in 2016 the company received 130 million rubles of net profit.

Revenue last year totaled 9.16 billion rubles, up by 4%.

Sales profit dropped more than 3-fold, to 57 million rubles. (Ukrainian metal)

Russia: Raspadskaya mines 2 million tons of coal

Since the start of the year Raspadskaya mine has extracted 2 million tons of coal.

In 2018, 2 million tons were mined in April.

This year it is expected to mine 6.5 million tons of coal. (Ukrainian metal)

Russia: S&P places TMK’s rating on list for possible upgrade

International rating agency S&P Global Ratings (S&P) has placed B+ long-term ratings of pipe producer TMK in foreign and local currency on the list for possible upgrade, the agency said in a statement.

The rating decision followed the announcement of a sale of TMK’s affiliate in the U.S. IPSCO Tubulars. (Prime/Ukrainian metal)

Kyrgyzstan: Russia to invest $30 million in re-launch of KBMP and uranium mining

Central Asian Uranium Company will invest in Kara-Balta Mining Plant OJSC (KBMP) and uranium mining at Kyzyl-Ompol deposit. Representative of Russian shareholders Andrey Akimov, General Director of KBMP Daniyar Isakov and Vladimir Popov, the main shareholder of the Central Asian Uranium Company, announced at the Kyrgyz-Russian Interregional Conference. According to them, with the support of…

Russia: OEMK starts assembling machinery of the rolled metal thermal treatment site

Oskol Electrometallurgical Works is constructing a site of rolled metal thermal treatment with the annual capacity of 70 thousand tons. The company specialists have started assembling the main machinery; the first section of the first furnace has already been assembled. It is expected that the first rods will be thermally treated in late 2019 –…

Ukraine: Pokrovskaya mine hit by fire

Early on March 27 a fire broke out at the ventilation drift of the Pokrovskaya mine of the Pokrovskoye Mine Group in Donetsk region.

29 miners were evacuated.

The fire broke out at the depth of 815 meters.

There were no casualties. (Ukrainian metal)