U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 1 billion rubles in development of the Yesaulskaya coal pit in the Kemerovo region, the company said in a statement. Under the investment project, the 29a coal bed with booked reserves of more than 10 million tons of gas-fat coking coal will be…Details
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In 2000-2015 Russian metal companies invested a lot into their own development to increase competitiveness and satisfy the local demand in metal products both in quality and in volume. Russian Steel enterprises investments into ferrous metallurgy in 2000-2015 totaled 1.868 trillion rubles, with annual investments growing from 23 billion in 2000 to 135 billion in…Details
In January Ukrainian metal companies increased gas consumption by 5.2% YoY, or by 10 million cubic meters, to 200 million cubic meters. In December 2016 gas consumption grew by 35 million cubic meters MoM, to 190 million cubic meters. January average daily gas consumption totaled 6.5 million cubic meters, up by 0.3 million MoM. Electricity…Details
Energomashspetstsal will supply 85 tons of billets to Presezzi Extrusion (Italy). According to the contract, the delivery is scheduled for June. The billets will be used to produce specialized machinery. EMSS has been supplying large-scale parts to Presezzi Extrusion for over 12 years. (Ukrainian metal)Details
In January Magadan region mined 930.8 kg of gold, up by 223.8 kg YoY, and 60.4 tons of silver, down by 14.5 tons. The decrease in silver output has been planned due to the industrial programs of the main silver-mining companies. The leader of the winter gold mining was the Severo-Evensk city district with 382.8…Details
The Monchegorsk site of the Kola Iron and Steel Works, a part of Norilsk Nickel, has finished the modernization of the bulk machinery warehouse. The warehouse with the size of 2.5 thousand square meters saw the replacement of walls and roof, new lighting system assembly, as well as the disassembly of old racks, which were…Details
The Pipe Metallurgical Company has announced the increase of all of its Russian division pipe product prices by 5% from March 1. The increase will affect all categories of consumers. The main reason for the price increase is the growth of raw materials cost and other industrial expenses in H2 2016, which affected the prime…Details
Severstal will invest 37 million rubles into the improvement of the industrial site infrastructure at Cherepovets Iron and Steel Works. All the measures will be taken in the first part of the year. According to the company press-service, the project will provide for following safety precautions during the movement of the personnel on the industrial…Details
ArcelorMittal Kriviy Rih following the results of 2016 has paid the reward, or the so-called 13th salary, to its employees. On February 10, the money was transferred to their accounts. The reward is paid in the form of an average monthly salary in 2016. The company also paid the mobilized employees. Steel Service, a daughter…Details
In 2016 revenues from Donetsk region exports (not counting the ATO zone) totaled $3.4 billion, down by 7.2% YoY. Still, the region accounted for 9.4% of all the export revenue in Ukraine, being third only after Kiev and Dniepropetrovsk region. Donetsk region exported to 105 countries in 2016. Almost half of export revenue accounts for…Details
In 2016 Lemtrans transported 60.2 million tons of various cargoes by rail in total. Coal and iron ore account for the biggest share of shipped cargo. In particular, the company transported 24.72 million tons of coal and 19.94 million tons of iron ore. The biggest growth was seen in the transportation of coke: a 46.8%…Details
Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…Details
The blockade of coal supplies from the occupied territories threatens national security, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “As for the blockade, I strongly oppose any smuggling, and the result of this struggle is additional 18 billion UAH in budget proceeds. I agree that we need to stop the movement of…Details