Baikal Mining Company has started designing a technical unit of the Udokan ore processing facility at one of the world’s largest copper deposits, it said in a statement on October 3. “Baikal Mining Company and Mekhanobr Engineering have agreed to design a technical complex of the Udokan metallurgic facility. The work is to be finished…
Zaporizhstal has postponed for half a year the construction of the oxygen-converter shop because of the EU duties on hot-rolled metal. According to the company CEO Rostislav Shurma, in 5 year Zaporizhstal invested 8.5 billion UAH into modernization, having assembled gas-purification equipment at all of its 6 sintering machines. The company has been pondering the…
Evraz Yuzhkoks sells heating energy (heating and hot water) to a part of Kamenskoye citizens at tariffs 4-5 times lower than in other cities of Ukraine. The works provides services to the recipients of the energy depending on the size of their premises. “This is a small part of the town. Their tariff was 5…
Ukraine will not be able to import coal from Poland in this heating season, as the country is in need of coal imports itself. According to the energy programs director at the Center for world economy and international relations of the National academy of sciences of Ukraine Valentin Zemlyansky, recently Poland has started importing coal…
The people deputies of Primorye region have discussed the appeal of the regional port authorities to limit exports of ferrous metals scrap.
The share of the region in the Russian scrap exports does not exceed 20%. Exports mostly go to South Korea. Direct railroad exports of scrap are almost zero. (Ukrainian metal)
The so-called Council of ministers of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, has openly addressed the citizens of Alchevsk saying it has been unable to provide for the operation of its main enterprises. “Fellow countrymen! The government of the republic is worried by the situation at the major companies…
The European Commission intends to impose a fixed tariff for the import of hot-rolled coils from Ukraine, Brazil, Iran and Russia and will not calculate the minimal import price. When the fixed duty, not dependent on current prices, is imposed, European manufacturers will be better protected than by the minimal import price or antidumping duty.…
In September Yuzhniy Mining and Processing Works produced 1.002 million tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output went up by 7.5%, to 182.1 thousand tons. In January-September UGOK increased concentrate output by 11.6% YoY, to 9.17 million tons. At the same time sinter manufacture dropped by 7.8%, to…
On September 29 MMK hosted an extraordinary meeting of its shareholders. By the majority of votes it was decided to pay dividends for the first half year in the amount of 0.869 rubles per ordinary share (some $164 million). This equals to 75% of the free fund flow of the company in H1, which exceeds…
Kirov Non-Ferrous Metals Processing Works has fulfilled the order to produce MH25 rolled belt for minting coins of 25 rubles each dedicated to the World Cup 2018. The first batch of 277 tons was supplied in 2016. In February-August the works produced 556.6 tons of German silver belt more. In 2011-2014 KZOTsM produced coin belts…
In January-September Ukraine produced 26.15 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 22.9%, to 5.049 million tons, power-generating coal – by 8.3%, to 21.1 million tons. In September coal output totaled 2.544 million tons, down by 27.6% YoY. Coal enterprises…
In January-September Evraz Dneprovsky Iron and Steel Works produced 548 thousand tons of rolled metal, down by 21% YoY. Steel output dropped by 19.7%, to 663 thousand tons, and that of pig iron – by 6%, to 767 thousand tons. In September Evraz DMZ produced 71 thousand tons of rolled metal, 88 thousand tons of…
Sberbank Leasing has given a 43 million rubles loan to Pskovvtormet. The money will be spent to purchase specialized KamAZ machines. Pskovvtormet is the largest ferrous and non-ferrous scrap procuring, processing and selling company in the region. It was founded in 1993. The company operates in St. Petersburg, Novgorod, as well as Pskov, Leningrad and…
Tyumenremdormash will open two new shops in 2018 – to produce construction sections and pipes. “In the shortest possible term we will carry out a project to produce construction sections and pipes, as we will construct two shops”, the company CEO Alexei Ragozin said. “Investments will total 600 million rubles, and 80 jobs will be…
MMK has finished certification of its rebars by the BelStandartCentr. This certification center carries out independent estimation of manufacture and product quality correspondence to Belarus standards and norms. As the result of the certification BelStandartCentr has confirmed the correspondence of MMK rebars to the TP 2009/13/BY “Buildings and structures, construction materials and wares. Safety”, as…
The shareholders of Norilsk Nickel have approved paying 224.2 rubles per share, or a total of 35.479 billion rubles in dividends for January-June, the company said in a statement on October 2. The record date for the dividends is October 19. In 2016, the company paid no dividends for January-June, but paid 444.25 rubles per…
In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…
By 2030 Metinvest plans to have invested $8.8 billion into modernization of its capacities. “Some $5.7 billion will be invested into metal assets, and $3.1 billion – into mining. This will be the metallurgy combined with IT, the so-called Industry 4.0”, the group marketing director Roman Kurashev said. As an example he named the modernization…
The Federal Antimonopoly Service has satisfied the claim of Seversk Pipe Works to buy 100% of Uralchermet shares. According to the service report, the deal will not limit the competitiveness. The charter capital of Uralchermet is 10 million rubles. In 2016 the company received 859.5 million rubles of revenue, with net profits at 27.9 million…
Nytwa Iron and Steel Works has for the first time carried the inspection audit of its quality management system according to ISO 9001:2015. The inspectors have checked the design, development and manufacture processes of bimetallic rolled metal, cold-rolled and galvanized steel strips, bimetallic, steel and alloy billets, etc. Nytwa Works is one of the oldest…
In January-September Ukraine produced 15.762 million tons of steel, down by 14% YoY. Pig iron manufacture dropped by 18%, to 14.626 million tons, of rolled metal – by 16%, to 13.469 million tons, of coke – by 21%, to 7.696 million tons. At the same time pipe output increased by 26%, to 784 thousand tons.…
In January-September Zaporizhstal produced 2.467 million tons of rolled metal, down by 3.2% YoY. Steel output decreased by 0.3%, to 2.931 million tons, the company reports. Pig iron manufacture dropped by 0.1%, to 2.74 million tons. At the same time, in September Zaporizhstal increased rolled metal output by 13.4%, to 382.2 thousand tons, steel –…
In January-September Dneprovsky Iron and Steel Combine decreased rolled metal output 2.2-fold YoY, to 658 thousand tons. According to a company representative, in 9 months DMK produced 680 thousand tons of steel and 662 thousand tons of pig iron, both down 2.1 and 2.2-fold YoY. At the same time, in September the company produced 215…
Mikhail Mazhukin has been appointed the managing director of Korshunovsky Mining and Processing Works. In 2009-2013 Mazhukin managed the Yuzhnouralsk Nickel Works. At the new office he has replaced Boris Sedelnikov, who has been appointed open pit director at Yuzhny Kuzbass. “Boris Sedelnikov has made a great contribution to the development of KGOK. Under his…
Raspadskaya mine has started developing the bank 6-6a with the estimated reserves of over 127 million tons of coking coal. The first long face 4-6-33 (3.5 million tons) has been put into operation. Investments totaled 900 million rubles. “We’ve been preparing to start working at the bank for almost 3 years. The bank is powerful.…
Magamed Ibragimov has been appointed CEO and CFO of ArcelorMittal Tubular Products Aktau.
He has previously held the position of the acting CFO at ArcelorMittal Temirtau.
The previous AMTPA CEO Zhenis Utegenov has been appointed development director at the company. His tasks now are to increase output and develop new markets. (Ukrainian metal)