Cherepovets Iron and Steel Works has started assembling the crane produced at the machine-building shop of SSM Tyazhmash. “The No. 42 crane is our largest project in 2017. Its lifting capacity is 70 tons, length – over 34 meters, and weight exceeds 248 tons”, Severstal Russian Steel repair division director Sergey Dobrodey said. The new…Details
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Russia: BASF and Norilsk Nickel to cooperate on raw material supply for battery materials production in Europe
BASF and PJSC MMC Norilsk Nickel (Nornickel) announced that they had signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on the supply of raw materials for future battery materials production for lithium-ion batteries in Europe. BASF intends to invest up to 400 million euro in a first step to build industry-leading production…Details
Russian gold producer Polyus has set the price guidance of its secondary public offering (SPO) close to the lower bracket of a $66.5-70.6 range per share, a source close to the placement reported. The initial placement price guidance was set at $33.25-35.3 per global depositary share (GDS), which corresponds to $66.5-70.6 per share. “The lower…Details
DTEK Komsomolets Donbassa mine, with assets on the occupied territory of Donetsk region, has to pay 13.8 million UAH to the Pension Fund. The company has long been not paying pensions to its employees and not reimbursing the Pension Fund, as the result its debt amounted to 13.8 million UAH. The Donetsk region prosecutors filed…Details
Uskovskaya mine is one of the best coal enterprises of Kuzbass as to output. 1 million tons of coal have been mined from two long faces – 50-10 and 50-08 (put into operation in May). The target was reached in 4 months. Each month the miners yield 250 thousand tons of coal. The first 1…Details
Cherepovets Iron and Steel Works has set a new manufacturing record making 75 smeltings on two converters in one shift. The new schedule on smelting has been prepared with the help of manufacture and orders planning department. Severstal-Vtorchermet supplied enough scrap. The previous record was set in June 2015 – 70 smeltings. (Ukrainian metal)Details
Severstal has received the certificate that the V550V steel for concrete reinforcement with the diameter of 10-32 mm produced by Cherepovets Iron and Steel Works meets all requirements of the Latvian state standards LVS 191-1:2012 and LVS 191-1:2012/AS:2015. Severstal became the first foreign supplier of rebars to be certified according to these standards. (Ukrainian metal)Details
On June 27 the Iron and Steel Works named after Komintern was on fire. “The roof of the manufacturing premises was in fire. The size of the fire was 250 square meters. There were no casualties”, the emergency service reported. According to the witnesses, the pipe shop was in flames. Kominmet produces steel pipes and…Details
The Zaporizhstal computer network has become a target of the virus attack. But the computer system has been saved, as the threat has been timely found. When the threat has been discovered, the decision has been taken to switch all computers off. At present all the metal manufacture at the works is operating in normal…Details
Evraz has reported that its information system has been attacked by hackers. “There was a malfunction in the net. The main manufacture is operating. There is no threat to the employees and the enterprises. The specialists are dealing with the situation”, the group said. (Ukrainian metal)Details
Valki-Ilmenit, despite the cancellation of license, goes on mining raw materials in Zhytomir region for Crimean Titanium, connected with Dmitry Firtash. “On the territory of Zhytomir region there is Valki-Ilmenit LLC, a sole quarry which supplies raw materials to the occupied Crimea, to Crimean Titanium. On March 28, the State Geology Service cancelled its license…Details
Poland’s Weglokoks has no plans to import coal from Russia, the company said in a statement following a report by newspaper Rzeczpospolita that it plans to do so due to the lack of own production. “There are many possible directions of coal imports. They are currently being analyzed, but preliminary understanding of the markets already…Details
Employees of Georezerv TK CJSC are on an indefinite strike, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the workers completely stopped the work of Ak-Tyuz processing plant in connection with the non-fulfillment of the requirements for payment of wages, provision with overalls,…Details