Mechel agreed to buy a part of Gazprombank share in its largest project – Elga coal complex. The company has accepted an offer to buy 34% of the Gazprombank’s 49%. Mechel owns 51% in the project with the reserves of 2.2 billion tons of coking coal. Gazprombank bought 49% of Elga in summer 2016 for…
The shareholders of the Russian gold producer Polyus have approved payment of 162.98 rubles per share in dividends for January–June, Polyus said. The record date for the dividends is October 10. Previously, the company paid 131.11 rubles per share in dividends for January-June 2018 and 147.12 rubles per share in final dividends for the year.…
The state enterprise Mine named after Surgay has concluded an agreement with Metkripservice Ltd LLC on the delivery of arch anchoring valued at 64.08 million UAH. The anchoring costs 21,360 UAH per unit. Last year the mine bought similar anchoring for 22,480 UAH per unit, or 5% more expensive. (Ukrainian metal)
Under a strategy to modernize manufacture Zaporozhkoks has commissioned a new Ligran No. 2 granulation line for the electrode pitch in the coal-tar processing shop. Investments in the project amounted to 152 million UAH. The shop manufactures 7 types of products, the main being the liquid or granulated electrode pitch used to produce electrode masses.…
ArcelorMittal Kriviy Rih will carry out a scheduled repair of the desulfurizing shop with its shutdown. The company shuts down the shop every year to ensure stable operation of the machinery. “The repair is carried out under the project and the “Emission license” conditions”, the company press service reported. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has passed on to another stage of the capital repairs of one of its three blast furnaces – the builders have started assembling a new blast furnace. The repair of the blast furnace No. 4 began in July. At first the old equipment and machinery was disassembled. Now the new…
Severstal Steel Decisions has produced over 3 thousand tons of metal structures for the Cherepovets Iron and Steel Works blast furnace No. 3 first foundry yard. To produce structures the company used high-strength plates manufactured at CherMK mill-2800 and mill-5000. Severstal Steel Decisions will supply more than 10 thousand tons of metal structures for the…
Mechel-Service has supplied 2.6 thousand tons of beams to Chelyabinsk Metal Structures Works, which used them to produce metal structures for Aktogay Mining and Processing Works shops. At present the assembly of the main premises of the grinding site is drawing to an end. And the company is starting erecting the main premises of the…
