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According to Ukrmetallurgprom president Alexander Kalenkov, the situation with provision of mining and metal companies with railroad cars is stable – it’s still bad. “In 10 days, despite our efforts to improve situation, the progress in railroad car supplies is mostly unseen – the same 18%”, he said. He noted that while some companies could…
DetailsZoloto Kamchatki, a part of Russian multi-industry holding Renova Group, plans to invest 22.3 billion rubles in the development of the Kumroch gold deposit in the Kamchatka region and construction of a mining and processing plant. At present, the first stage of the plant is being designed. The gold mill is to have an annual…
DetailsThree uranium tailings in Kyrgyzstan will be subject to reclamation, liquidation and conservation. This is reported by the company RosRAO. According to it, on August 22, RosRAO State Enterprise (“Rosatom” State Corporation) was selected as the winner in a tender for work at three tailing sites in Kyrgyzstan: Tuyuk-Suu (liquidation), Dalneye (conservation) and Kaji-Sai (recultivation).…
DetailsIn January-July Ukraine exported 22.687 million tons of iron ore and concentrate valued at $1.545 billion. According to the State Fiscal Service, iron ore and concentrate share in the total export in monetary terms was 6.5%. China imported the most – $442.523 million (28.6%), Poland – $165.157 million (10.7%) and Slovakia – $163.31 million (10.6%).…
DetailsChernomorsky Shipbuilding Works has shipped a lined barrel mixer to Mariupol Ilyich Iron and Steel Works. The diameter of the mixer is 2.8 meters, and its length is 10 meters. It is used in sinter manufacture for sinter caking before blast furnace processes. To produce the mixer the company used 80 tons of rolled metal.…
DetailsOn August 21 Lviviugol received 30 million UAH from the coal sale. The money was spent to pay July salary to miners. According to the Lviv state regional administration fuel and energy saving department, the miners received 54% of their salary. (Ukrainian metal)
DetailsIn April-June Lysva Iron and Steel Works received 217.9 million rubles of net losses. Losses in Q1 totaled 57 million rubles. Thus, in H1 the works received 275.2 million rubles of losses against 20 million rubles of net profit in H1 2016. Sales earned the works some 2.79 billion rubles, up by 3% YoY. In…
DetailsAK Processing intends to put into operation a cathode copper works in Urdzhar region in the East-Kazakhstan district. The cost of the project is 4.58 billion tenge. The works will have the capacity of 2520 tons of copper per year. It will be put into operation in 2018. AK Processing is the daughter company of…
DetailsIn January-June Zhairem Mining and Processing Works received 5.503 billion tenge of net profits, up 2.4-fold YoY. EBITDA also increased 2.4-fold, to 6.962 billion tenge, with gross profit up 2.3-fold, to 9.324 billion tenge. The company assets have increased by 16.8%, to 36.729 billion tenge, with liabilities up by 6.4%, to 6.842 billion tenge. Zhairem…
DetailsIn January-June Russia increased imports of galvanized steel with polymer coating by 36.6% YoY. According to the Federal Customs Service, Russia imported 269.5 thousand tons of steel, with 59% supplied by China, followed by South Korea and Kazakhstan. Chinese price was $789.4 per ton, Kazakhstani – $997.5, and Korean – $1226 per ton. In June…
DetailsNovgorodsky Iron and Steel Works has completed the scheduled repair of its MAERZ furnace. All the work has been done without side contractors. “Thanks to the combined efforts of the NMZ employees we have completed the repair 18 hours ahead of schedule. This allowed us to start heating the furnace and make products earlier”, the…
DetailsVIZ-Stal will get new crane machinery for its cold-rolling shop: the company has concluded an agreement with a machine-building works. The bridge crane of the latest generation with the lifting capacity of 22 tons will improve cargo transportation by 10% compared with the previous machine. The company will receive the crane in November, and it…
DetailsIn January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million. The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%. Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)
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