In January-June the Pipe Metal Company increased sales by 4.1% YoY, to 1.808 million tons. The increase was spurred mostly by the demand growth for seamless pipes, the company said in a statement. Seamless pipes sales increased by 16.9%, to 1.346 million tons. Welded pipes sales dropped by 21%, to 462 thousand tons due to…Details
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By the end of the year Rusal intends to have finished negotiations with the banks on loans to complete construction of Tayshet Aluminum Works. “We’re negotiating with VEB on a rather advanced stage. But there is no word from Rushydro yet. As soon as they say anything, we will draw financing together”, Rusal strategy, business…Details
In 2017 VSMPO-Avisma intends to keep earnings on the previous year level – 76 billion rubles. Sales are expected to increase by 15.8%, to 28.3 thousand tons. The strengthening of the ruble negatively affects the ruble reports, the ruble equivalent of exports decreases, and that’s some 70% of all earnings. (Ukrainian metal)Details
In January-June Zaporozhye Iron Ore Complex mined 2.021 million tons of iron ore, or 100.1% of the plan, at the same time down by 7.2% YoY. The average Fe content in ore in H1 was 61.22%, or 101.3% of the plan. The company sold 2.095 million tons of ore, or 97.7% of the plan. In…Details
Prime Minister of Ukraine Volodymyr Groysman on July 16 congratulated employees of the mining and metallurgical complex on their professional holiday, the government’s portal reports. In his speech on the occasion, the prime minister said: “The industry incurred heavy economic and infrastructure losses from the Russian-terrorist occupation of separate regions in Donbas, as well as…Details
In January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons. Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)Details
Seligdar has put a new gold-extracting factory at the Ryabinovoye deposits. The construction lasted for 2 years and required 6.3 billion rubles of investments. The Seligdar factory at the Ryabinovoye deposits is the largest gold-mining enterprise in the region to start operating in the last 30 years. Especially for the factory, the Tyazhmash company produced…Details
Globus-Stal has put into operation a new manufacturing line to produce electric-welded pipes of stainless steel. The company has already made its first order – the 6-meters long pipe with 16 mm diameter and 1 mm wall thickness. Globus-Stal is able to produce 16-60.3 mm diameter pipes with wall thickness of 0.4-3 mm. (Ukrainian metal)Details
The Raspadskaya Processing Factory has processed 100 million tons of coal, since it has been put into operation. The factory started operating in 2005. The enterprise processes coal of 0-300 mm classes. Its project capacity is 15 million tons of coal per year with daily norm of some 38 thousand tons. (Ukrainian metal)Details
Evraz NTMK has put into operation the site of round rolled metal dressing. This will double the capacity of the site, improve the dressing quality and increase product range. The new line will process round billets of 70-250 mm diameter. This allows Evraz NTMK to start working with the large diameter round billets: 160, 180…Details
Metalloinvest has put the new hot-briquetted iron complex (HBI-3) into operation at the Lebedinsky Mining and processing Works. Investments totaled $660 million. The HBI-3 capacity is 1.8 million tons per year. When the complex reaches its project capacity, the GOK will be able to produce 4.5 million tons of HBI per year. (Ukrainian metal)Details
Russian precious metals producer Polymetal International has agreed to buy 7% in a joint venture that develops the Nezhdaninskoye gold ore field and acquired an option to buy the remaining 75.3% in the venture and raise its stake to 100%, Polymetal said in a statement on July 17. “Polymetal International has agreed to acquire an…Details
The Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…Details