Kuzbass Fuel Company plans to raise its coal output by almost 21%, to 15.9 million tons in 2018, the company said on March 15.
The company plans to invest 3 billion rubles in development of production this year, including 1.4 billion rubles in the purchase of mining and transport equipment. (Prime/Ukrainian metal)
Investment company Interros of the Russian businessman Vladimir Potanin has closed an acquisition of 2.1% in mining and metallurgic company Norilsk Nickel from Crispian Investments of businessman Roman Abramovich’s Millhouse to raise its stake to 32.9%, a representative of Interros reported on March 15. Earlier in March aluminum giant UC RUSAL of businessman Oleg Deripaska…
DetailsAn An-12 cargo plane carrying some 9 tons of gold has lost a third of its cargo during takeoff from the Yakutsk airport in Eastern Siberia, a local transport police spokesman reported. Earlier reports said that the plane’s cargo hatch was partially torn off by a strong flow of air during takeoff. “A total of…
DetailsPobuzhye Ferronickel Plant is pondering the creation of its own fleet of cargo railroad open cars. According to the company CEO Oleg Bespalov, at present it uses Ukrzaliznytsia open cars and faces their shortage. “It’s not a big deal at the moment, but in future we would like to have a wagon fleet of our…
DetailsThe trade union of ArcelorMittal Kriviy Rih at the meeting held on March 14 demanded the company management to increase the salary to 1 thousand euros in UAH equivalent from April 1. The employees also demanded the provision of safe working conditions: checking all roofs and constructions. This is connected with the recent collapse of…
DetailsIn February Dneprospetsstal produced 21031 tons of steel and 14055 tons of rolled metal, both up by 2.1% and by 1.7% MoM respectively. The combined cost of goods manufactured in February reached 784306 thousand UAH, up by 0.5% MoM. In 2 months the company produced 41623 tons of steel and 27874 tons of rolled metal,…
DetailsThis year MMK intends to load its galvanized and polymer-coated metal capacities to the maximum. According to the coated metal sales senior manager Alexei Oleynik, the company main goal is to completely satisfy customers in product range and quality. “The domestic market is still considered the main destination of sales. The share of the inner…
DetailsIn 2017 Russia consumed 4.3 million tons of rolled metal with coating. According to Severstal Russian Steel flat rolled metal sales director Kirill Kiryushkin, imports from Kazakhstan grew, but fell from China and Ukraine. This year a slight increase in consumption of galvanized and coated steel is expected – by 2%. Last year Severstal was…
DetailsIn 2017 Metalloinvest revenue grew by 46.2%, to $6.2 billion mostly because of market situation improvement and the growth of high added value products sales, in particular hot-briquetted iron. Metal products sales revenue last year increased by 43.7%, to $3.2 billion, and iron ore sales – by 51.5%, to $2.8 billion. The main share of…
DetailsIn 2017 MMK Group put aside 2.24 billion rubles for charity and for the development of social initiatives and projects – a 4% increase compared to the previous year. Magnitogorsk Iron & Steel Works contributed over 1.4 billion rubles to the overall sum donated to charitable and social projects. MMK is the leading Russian mining…
DetailsResidents of Shopokov town held a rally in Bishkek in front of the White House. The protesters appealed to the authorities, including the authorized representative of the government in Chui region, with a request to stop the work of the metallurgical plant. The appeal says that the plant is located in the center of the…
DetailsPrices for the precious metals in Azerbaijan increased on March 14. The cost of gold increased by 14.88 manats (by 0.7%), to 2257,25 manats per troy ounce, according to the data published by the Central Bank. The cost of gold in Azerbaijan over the past 30 days (February 14 – March 14, 2018) decreased from…
DetailsIn January-February Ukraine imported 232.48 thousand tons of nickel ore and concentrate valued at $10.913 million, up by 17.3% and by 14.9% YoY respectively. According to the State Fiscal Service, Guatemala supplied 59.09% worth of nickel ores and Indonesia – 40.91%. Last year Ukraine decreased nickel ore and concentrate imports by 4.2% YoY, to 1.313…
DetailsIn January-February Ukraine increased pig iron exports by 50.9% YoY, to 524.7 thousand tons valued at $171.7 million, up by 72.3%. According to the State Fiscal Service, USA imported 50.5% worth of pig iron, Italy – 16.3% and Turkey – 13.2%. In 2 months Ukraine imported 212 tons of pig iron valued at $132 thousand,…
DetailsIn 10 years the consumption of chemical reagents in the Russian gold-extracting industry increased 3-fold, to 210 thousand tons in 2017. At the same time, gold mining increased only 2-fold, to 187 tons. In future the reagents market will be determined by the gold output increase. Sodium cyanide consumption by 2025 could grow to 120…
DetailsThe state enterprise Selidovugol has cleared salary debts to its employees. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the miners have started receiving SMS about the payment of salary. In particular, they were paid in full for January and a part of the February salary. Volynets hopes that miners…
DetailsGold production at the Kumtor mine in 2017 was 562,749 ounces or 17,503.46 kg, Public Relations Department of Kumtor Gold Company reported. Gold sales in 2017 were 550,134 ounces or 17,111.09 kg with a revenue totaling $685.2 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2017…
DetailsIn January-February Avdiivka Coke and Chemical Works increased output 2-fold. According to the company CEO Musa Magomedov, at the same time in February the city of Avdiivka was on the brink of humanitarian catastrophe. “Because of the problems with electricity supply we had to shut down two coking shops to provide the city with heating”,…
DetailsSeverstal has selected the supplier of the main machinery for the construction of the coking battery with coal charge tamping at Cherepovets Iron and Steel Works. Paul Wurth S.A. (Luxembourg) will supply the machinery and design the construction of the new complex. The total cost of the investment project is over 30 billion rubles. The…
DetailsBeloretsk Iron and Steel Works has put into operation new machinery in the high-strength wire shop. The modernization allowed the company to stop using acid in wire manufacture, decrease industrial wastewater volume 8-fold and considerably increase its purification. BMK began the project in 2015. Investments totaled 200 million rubles. Two new industrial lines made by…
DetailsIn January-February the throughput of Russian seaports grew by 4.4% YoY, to 121.7 million tons.
According to the Association of sea trade ports, in particular, the throughput of coal increased to 22.4 million tons, or by 7.5%, while that of ferrous metals – by 14.3%, to 5.1 million tons. (Ukrainian metal)
Belarus and Sudan are considering gold mining in the African country, Head of the Belarus President Property Management Directorate Viktor Sheiman said.
“We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted. (BelTA/Ukrainian metal)
The state enterprise Selidovugol has concluded an agreement with Donenergoexport LLC for the delivery of spare parts for belt conveyers valued at 22.19 million UAH. The agreement provides for the payment of the goods ordered within 90 calendar days upon receipt. The spare parts are ordered for the 1/3 Novgorodovskaya, Kotlyarevskaya, Ukraina and Kurakhovskaya mines.…
DetailsIn 2017 Ukraine exported 1.3 million tons of pig iron and 200 thousand tons of rolled metal to US. “Rolled metal accounted just for 1.3% of all Ukrainian metal exports. On the other hand, this is a perspective market, and our exports could have grown. So this is a bad news for us”, Ukrmetallurgprom president…
DetailsSergey Belenky, chairman of the Federation of Metallurgists of Ukraine, believes that the US antidumping duties of 25% will hit Interpipe the most. “In 2017 Interpipe accounted for 19% of pipe exports to US. Other market participants will experience much lower risks”, he said. According to him, last year Ukraine also supplied 49 thousand tons…
DetailsEvraz ZSMK has produced a trial batch of rails of the new category – DT400 IK.
The rails can be used under the most sever conditions.
Previously such rails were not produced in Russia.
After all the certification documents are received, a batch of rails will be sent for tests. (Ukrainian metal)