In 2018 Gaysky Mining and Processing Works extracted 8 million tons of ore, up by 1 million tons YoY. The record high output is due to the constant modernization of the enterprise since 2006. Since then the shafts of the Ekspluatatsionnaya and Kletevaya mines have been deepened to 1420 meters, and the shaft of the…
Chelyabinsk Iron and Steel Works has certified new types of flanged beams. In particular, the certificates have been issued for sin-beam and welded beam. The sin-beam is made at the Zeman line with the capacity of 400 tons per month. The certificates are valid until 2023. Last year the company produced over 1.5 thousand tons…
In 2018 Severstal bought 20.6 billion rubles worth of products and services from Vologda region enterprises, up by 750 million YoY. The share of the region in the total volume of Severstal purchases last year grew from 16% to 18%. The main reason for the increase is the large investment program at Cherepovets Iron and…
In 2018 ArcelorMittal Kriviy Rih occupied the third place among all the AM enterprises in 14 countries as to the number of industrial injuries – 0.38. The company also has the lowest ratio of industrial injuries per 1 thousand employees among the largest mining and metal companies of Ukraine. Last year AMKR recorded 22 accidents,…
Interpipe NTZ has addressed the Antimonopoly Committee asking it to investigate a possible abuse of the monopoly position by the state gas-developing company Ukrgazdobycha when buying casing pipes. The company claims that when preparing tenders to buy casing pipes Ukrgazdobycha states pipes corresponding to API-5ST, which are similar to those produced by Interpipe in Ukraine.…
In 2018, 64 countries produced 1.789 billion tons of steel, up by 4.5% YoY. According to the World Steel Association, China is in the lead with 928.26 million tons, up by 6.59%. The country’s share is 51.9%. Ukraine is on the 13th place, having decreased steel output by 1.48%, to 21.1 million tons. Back in…
In 2024 the government of Russia expects the gold output to increase by 12.3% compared to 2018 (287.3 tons). Such indexes are set in the strategy of the mineral and raw material base development until 2035. In 2024 gold output is expected to hit 322.6 tons. Thus, annually gold extraction has to increase by 6…
Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agent…