Zlatoust Electrometallurgical Works is preparing to commission the fifth Bosio heat treatment furnace. The construction of a new heat treatment site on the basis of the rolling shop No. 3 has become a part of a large-scale project to unite all processes of metal treatment in one shop. Having commissioned Bosio furnaces in September 2019,…
In 2019, Krivoy Rog Iron Ore Industrial Complex decreased iron ore output by 4% YoY, to 4.4 million tons. In December 2019 the enterprise produced 370 thousand tons of ore. In 2018, output dropped by 9.7% YoY, to 4.6 million tons. (Ukrainian metal)
In 2019, Sukhaya Balka increased iron ore output by 0.3% YoY, to 2.727 million tons. In December 2019, the enterprise produced 243 thousand tons of ore. In 2018, the output grew by 8.4%, to 2.725 million tons. Last year Sukhaya Balka intended to prepare two new horizons (1500 and 1580 meters) at the Yubileynaya mine.…
In 2019 Izmail seaport decreased throughput by 8.5% YoY, to 4.3 million tons. Due to the crisis of the metal industry, exports of pellets have decreased considerably. At the same time, the annual target has been met, mostly due to the 2-fold growth of iron ore raw materials transit, to 245.9 thousand tons. The port…
The minister of energy and environment protection Alexei Orzhel has signed a decree to create a state-owned enterprise Ukrugol. The enterprise will be based in Kyiv. Orzhel will supervise the process. (Ukrainian metal)
The VTB bank is providing a gold-extracting company Omchak with a loan of 2.9 billion rubles for 7 years. The interest rate is set at 9.75%. Susumanzoloto, the parent company of Omchak, acts as a pledger. The board of directors approved of the loan and pledge until October 8, 2029. Susumanzoloto will pledge 100% of…
Polyus Aldan continues its tradition of commissioning new machines at the start of the year. While last year the company received 5 dump trucks, this year it put 6 machines into operation. The Komatsu and Caterpillar trucks have been manufactured taking into account their operation in the conditions of the North. 4 dump trucks with…
Backstar Holdings Limited (Cyprus) has purchased 15.46% of Seligdar shares, having increased its share from 3.75% to 19.21%. All in all the company has bought 186.6 million voting shares. The price of the purchase was not disclosed. Now the Cyprus company owns 190.4 million shares. Backstar Holdings increased its share in Seligdar in November 2019…