Ukraine: UMCC to invest 36 million UAH in pipeline repair at VGMK

The United Mining and Chemical Company will invest 36 million UAH in its Volnogorsk Iron and Steel Works. According to the company statement, in October VGMK completed the replacement of 2 km of slurry pipeline valued at 5.2 million UAH. The company intends to go on with the project. Investments have been estimated on the…

Ukraine: Lisichanskugol orders coal processing

Lisichanskugol has ordered the Komsomolskaya Central Processing Factory the services of coal processing valued at 24.75 million UAH. According to the contract Lisichanskugol will be sending to the factory the DG-grade coal with the ash content of 43-51%, sulfur of 2.9-3.5%, moisture of 11.5-13.9% and the volatile matter of 42.3%. The coal concentrate after processing…

Russia: BMK HAV-metal wares sales up in January-October 2017

In January-October Beloretsk Iron and Steel Works increased sales of metal wares with high-added value. In particular, sales of stainless products for aviation, oil and gas, machine-building and automobile industries increased 2-fold. Sales of steel high-strength wire for ferroconcrete structures manufacture increased by 14% YoY, rebars threads for the construction of bridges and high-rise buildings…

Russia: UEM net profit down in Q3 2017

In Q3 the net profit of Uralelectromed decreased 5-fold YoY, to 588.9 million rubles. In Q3 2016 the company net profit was 2.97 billion rubles. UEM revenue increased from 21.4 billion rubles to 26.2 billion rubles, while sales prime cost grew from 16.4 billion to 21.6 billion rubles. In 2016 Uralelectromed decreased net profit from…

Ukraine: AMKR appoints 3 CEO deputies

In early November ArcelorMittal Kirviy Rih appointed 3 new deputy general managers. Thus, Vladimir Tesluyk has been appointed the deputy CEO on mining department manufacture. He will be responsible for the open-pit and underground mining operation, mining department technical service and CAPEX realization. Igor Romanyuk has been appointed the acting deputy CEO on metallurgical and…

Ukraine: Lugansk terrorists to mine gold

In 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…

Russia: Daltransugol to increase coal handling

Daltransugol, a part of SUEK, is pondering the possibility of expanding the capacity of its coal-handling terminal to 40 million tons per year. The company is looking for the contractor to prepare the feasibility study. Daltransugol will pay 15 million rubles for this work. The current capacity of the terminal is 24 million tons of…