Polymetal has resumed operation at Kutyn gold deposits in Khabarovsk krai. The company bought the deposits in 2011, but in September 2014 the operations were suspended. Prospecting has been complete only on two thirds of the site. The new round of prospecting will start in April 2018. As of 2015, the estimated gold reserves of…Details
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VIZ-Stal has finished modernization of two machines to produce nitrogen, used in the process of the thermal treatment of metal. The project will increase energy efficiency. Within the project the company replaced two of the three air separation units. The capacity of each new unit is 8 thousand cubic meters of pure nitrogen per hour.…Details
Over 40 units of mining machines were delivered to the Gaysky Mining and Processing Works in January-June. In particular, the company received Henkon Siberia machines, Charmec 6605B, Russian and Finnish drilling machines, as well as several dump trucks and load-haul-dump machines. This year Gaysky GOK will spend 1.7 billion rubles on modernizing mining equipment and…Details
Ferrexpo Plc intends to get a renewable credit line for $500 million until September 30, 2021. According to the agenda of Poltava Mining and Processing Works shareholders meeting scheduled for July 17, the borrowers will be Ferrexpo Finance plc, Ferrexpo AG, and Ferrexpo Middle East FZE, while PGOK will act as the pledge. PGOK shareholders…Details
PJSC ArcelorMittal Kriviy Rih launches flashmob #stayinukraine “I stay to work in Ukraine” for those patriots of their country, town, company, who are not ready to capitulate abroad and who are energetic enough to support Ukraine during tough transformational period of changes. Currently PJSC ArcelorMittal Kriviy Rih, the biggest steel and mining plant of Ukraine,…Details
Interpipe Ukraine LLC has increased tyre prices for Ukrzaliznytsia by 12%. Lviv Locomotive Repair Plant announced it wanted to conclude a deal with Interpipe for the delivery of tyres valued at 18.96 million UAH (15.8 thousand UAH apiece). Last year Interpipe sold tyres to Ukrzaliznytsia 12% cheaper. (Ukrainian metal)Details
ArcelorMittal Kriviy Rih used to pay 0.9% of the estimated value for its 8 thousand ha of land. On April 21, the local authorities increased the land tax to 1.01%. With the increase of the tax, revenues of the Krivoy Rog budget have also increased. The Opposition block deputy in the city council Valery Gresko…Details
RusHydro may decide to participate in completion of UC RUSAL’s construction of a $1.4-1.6 billion Taishet Aluminum Smelter within two or three months, Deputy Prime Minister Yury Trutnev, chairman of RusHydro’s board of directors, reported. “I think that probably within two or three months a decision will be made,” he said. RUSAL offered RusHydro a…Details
The Sulyukta coal deposits have been put up for sale. According to the State committee on industry, energy and subsoil use, the starting price of site No. 5 is $3.8 thousand. According to the estimates, the reserves of the deposits are 381190.5 tons. The local site Vostochy has been put up for sale at $6154…Details
In January-April Russia imported 3374 tons of copper pipes for conditioning, up by 6% YoY and by 10% from the 2015 level. According to the customs statistics, 23% of pipes were imported from Greece, up 2.8-fold YoY. The average price on the Russian border in April was $7305 per tons. Serbia supplied 22% of pipes,…Details
This year Mechel-Service has already supplied 6.5 thousand tons of rebars for the construction of housing in Chelyabinsk. The company supplies rebars to almost all major construction sites in the city. One of the latest was the batch of metal for the construction of Gagarin Residence in the downtown. All the rebars are manufactured by…Details
By the end of 2018 the Electrostal Tyumeni works will have reached its manufacturing capacity of 550 thousand tons of rolled metal per year. At present the company produces 380 thousand tons per year. The output increase will be achieved with the help of a number of investment projects. The employee number will also increase…Details
Chelyabinsk Iron and Steel Works has finished an overhaul of its sintering machine. The machine has been shut down for 8 days. The cost of the repair is 9 million rubles. The ChMK sintering factory operates 4 sintering machines with the combined capacity of over 5 million tons per year. Overhauls of the machines are…Details