Niman miners team LLC, extracting alluvial gold on the territory of Khabarovsk region, since the start of the season has obtained 70 kg of gold, down almost 2-fold YoY. The current washing season started almost a week later than usual – on May 6. One of the reasons of the low output was heavy rains…
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked upon a large-scale overhaul of its steelmaking capacities, namely BOFs and associated dedusting equipment in BOF Shop No. 2. The overhaul will increase the shop’s productivity by 18% from 8.5 million tons to 10 million tons of steel per year and cut air emissions by 70%.…
Baikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…
In January-June Ukraine exported $4.8 billion worth of ferrous metals, down by 11.1% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.6% of all export revenue, down from 23.21% in H1 2018. In June ferrous metals export revenue reached $728.42 million. Imports in 6 months dropped by 4.5%, to $600.65 million, with…
Mariupol Ilyich Iron and Steel Works within a major investment reconstruction project is modernizing its wide-strip mill in the sheet-rolling shop 1700. The company has received the last batch of equipment with the combined weight of over 900 tons. Investments in the project total $85 million. The first stage of the shop reconstruction was completed…
Following DTEK Rovenkiantrazit LLC and DTEK Komsomolets Donbassa Mine LLC bankruptcy, last week saw the start of a bankruptcy procedure at the Yenakievo Iron and Steel Works. The company has been one of the main rolled metal manufacturers of Metinvest. On July 1 the Commercial court of Donetsk region started bankruptcy proceedings of the company.…
Yuzhniy Kuzbass has started operating the first of 11 BelAZ quarry dump trucks purchased from BELAZ-24. The dump trucks with the lifting capacity of 220 tons (8 trucks) and 130 tons (3 trucks) have been purchased under the company modernization program. All the trucks will be delivered to Yuzhniy Kuzbass pits until the end of…
Komsomolskaya mine of Vorkutaugol has put into operation a new long face with the reserves of 535 thousand tons of coking coal. The new long face 712 is situated at the Troynoy layer in the southern block of the mine. The average daily output is 4 thousand tons of coal. The long face is expected…