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In 2016 KVV Liepajas metalurgs received 26.145 million euro of net losses, up from 8.366 million in 2015. The company income was 14.163 million euro against 69.356 million euro in 2015. The company stopped manufacture in 2013. In 2014 it was sold to Ukrainian investors, who resumed operation in 2015. But in September 2016 the…
DetailsArcelorMittal has approved of several investment projects at ArcelorMittal Temirtau. In particular the company wants to construct a new air-separation block, assemble a ladle furnace No. 3 and new hydrogen electrolysis cells, etc. The total cost of the projects is $150 million. The projects will allow AMT to increase work efficiency, improve product quality and…
DetailsIn January-July Azerbaijan obtained 3605 kg of gold, up 3.2-fold YoY. According to the State Statistics Committee, in July gold output totaled 480.2 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)
DetailsIn January-July Chukotka Autonomous District mined 257.68 thousand tons of coal, down by 23% YoY. In particular Beringpromugol mined 130.5 thousand tons of coal at the Fandyushkinskoye Pole deposits. (Ukrainian metal)
DetailsTrubodetal, a part of OMK, has passed the certification audit of the quality management system for the correspondence to Gazprom 9001-2012 requirements. The auditors have studied the documents and technological instructions, visited shops and other divisions. The results of the audit confirmed that the Trubodetal QMS corresponded to the Gazprom requirements and improved. (Ukrainian metal)
DetailsIn August Togliatti Pipe and Section Works increased the range of its round electric-welded pipes with new diameter of 57, 76 and 89 mm and new wall thickness of 3-4 mm. Such pipes are used in construction and manufacture of metal structures, as well as furniture. The company produces pipes according to GOST 13663-86, GOST…
DetailsUnder the bankruptcy procedure the assets of Armavir Electrometallurgical Works LLC will be sold at an auction. In particular, a site for steel manufacture will be sold. The construction of the works has been carried out by the Industrial Union of Donbass since 2007. Investments were expected to hit 9 billion rubles, but the project…
DetailsThe Central Mining and Processing Works has purchased two Komatsu bulldozers valued at over 40 million UAH. The new machines have already started operating at the Gleevatsky quarry. According to the company CEO Dmitry Shevchik, investment program for 2017 is 1.3 billion UAH, the largest in the past 5 years. “We invest into modernization of…
DetailsCoal mining in January-July decreased by 6.9% YoY, to 21.05 million tons. According to the Ministry of energy and coal industry, state mines yielded 2.8 million tons of coal, down by 21.7% YoY. In July Ukraine mined 2.6 million tons of coal, with state mines yielding only 390 thousand tons. DTEK Dobropolyeugol increased output by…
DetailsRussian aluminum giant UC RUSAL has launched a $23.7 million coke calcination unit with a capacity of 72,000 tons annually at its plant in Irkutsk (IrkAZ), the company said in a statement on August 15. The unit will produce calcined coke, which will be used at the Sayanogorsky Aluminum Plant to make baked anodes. Currently…
DetailsPJSC ArcelorMittal Kriviy Rih continues construction of coke oven batteries No. 5 and 6 complex. Currently, active construction work at coke oven battery No. 5 is in progress: coke machines are being installed, the chimney has been constructed to level + 41.5 meters, main steel structures of dust free coke pushing plant collector have been…
DetailsEmployees of the Rodinskaya mine, a part of the state enterprise Mirnogradugol (ex-Krasnoarmeyskugol) demand their salary debts to be cleared. “The miners have been striking since August 10, they have not received their June salary”, the Independent Miners Union chairman Mikhail Volynets reported. According to him, money was transferred last week to the local treasury,…
DetailsIn January-July precious metals miners of Chukotka mined 14.556 tons of gold and 75.956 tons of silver, all down by 13.38% and by 19.96% YoY. Alluvial gold yield totaled 1101.7 kg, down by 2.3 kg YoY, with ore gold at 13.454 tons, down by 14.31% because of the thinning of ore at some deposits. Kinross…
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