ArcelorMittal Temirtau has ordered the services of mining coal and loading it into railroad cars, but has not paid the contractor over 36 million tenge. The company filed a complaint and the court ordered AMT to fulfill its contract obligations. (Ukrainian metal)
DetailsOskol Electrometallurgical Works is going on with its large-scale investment project – the construction of the reducing-sizing mill in its bar-rolling shop No. 2. Investments total 800 million rubles, and the output of rolled metal will as the result of the modernization increase by 67 thousand tons per year. The main and auxiliary machinery has…
DetailsIn January-July Azovstal Iron and Steel Works produced 2.15 million tons of rolled metal, up by 11.5% YoY. According to the company statement, steel output increased by 14%, to 2.436 million tons, pig iron – by 17%, to 2.153 million tons. In July Azovstal produced 251 thousand tons of rolled metal, 270 thousand tons of…
DetailsDneprovsky Iron and Steel Combine is operating 2 blast furnaces but is preparing the third one for operation. According to the company statement, the BF No. 1M was blown on July 22, and it was the only BF to produce pig iron in July. BF No. 9 was blown on July 23, and started producing…
DetailsSince the start of the alluvial gold season HERGU has obtained 247 kg of the precious metal, down by 11% YoY. As of early August 2016, the company has obtained 278 kg of gold from its sites, with the same result in 2015. This year HERGU intends to get 700 kg of gold, down by…
DetailsSeverstal, one of the world’s leading steel and steel-related mining companies, has created a hybrid Data Lake as part of its digital strategy to secure the company’s competitive advantages in the long-term. The infrastructure is designed to store company functional data files for subsequent processing and use in Severstal’s data analysis, machine learning and artificial…
DetailsChina National Gold Group (China Gold) is interested in Musa Bazhayev’s Russian Platinum’s projects in Russia and Kyrgyzstan with investments of up to $4.6 billion. These are the Chernogorskoye and Norilsk-1 polymetallic fields on the Taimyr Peninsula and the Jerooy gold deposit in Kyrgyzstan. Russian Platinum confirmed talks with China Gold, but said it was…
DetailsRussian billionaire Mikhail Prokhorov’s Onexim Group is selling a 7% stake in aluminum giant UC RUSAL to a company affiliated with Sual Partners of Viktor Vekselberg and Leonard Blavatnik for $503.9 million, RUSAL said in a statement on August 11. At present, Onexim holds 13.7% in RUSAL and Sual Partners has a 15.8% stake. As…
DetailsRussian retailer Magnit and metals giant Norilsk Nickel were put on Forbes’ list of the world’s 100 most innovative companies, according to a statement on Forbes’ Web site. Magnit obtained the 53rd place on the list and Norilsk Nickel holds the 63rd position. Software developer Salesforce regained the top spot as the world’s most innovative…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, plans to keep the ratio of its net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) at 2 in 2017, Vice President Nikolai Ivanov said during a conference call on August 10. “We plan no serious changes of the net debt level at the…
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