In 2016 Magnezit (refractories manufacturer from Chelyabinsk region) received 37.87 million rubles of net profits, as opposed to 115 million rubles of losses in 2015. The company revenue in 2016 increased by 2%, to 6.29 billion rubles. Sales profits increased by 36%, to 464 million rubles. (Ukrainian metal)Details
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Beringpromugol, a part of Tigers Realm Coal Limited (Australia), developing the Fandyushkinskoye pole deposits in Chukotka, in Q1 intends to mine 80 thousand tons of coal. According to the financial director Denis Kurochkin, in January-February the company sent 45 thousand tons of coal from the deposit to the Beringovsky port, and plans to ship 35…Details
In February coal transportation via railroad reached a monthly record of 28.7 million tons, up by 8.3% YoY. And in January-February railroad transported 60.1 million tons of coal, up by 9.1% YoY. The increase was provided by the growth of exports by 15% YoY. The highest increase was witnessed in the destination of Japan (by…Details
Scientists at the Institute of Nuclear Physics of the Novosibirsk state technical university have developed a new technology to make titanium-tantalum alloys. As the result they have received a highly corrosion-resistant material, which is only slightly damaged by the aggressive environment. A pilot chemical mini-reactor has been constructed using this technology. After experiments, the term…Details
Severstal-Metiz has certified its rebars for deliveries to Poland. According to the company statement, Building Research Institute has confirmed the high quality of the Cherepovets rebars with 9.3, 12.5 and 15.2 mm diameter and their correspondence to the market requirements. “The new certificate has opened a new sales market for our rebars. And for the…Details
The state enterprise Electrotyazhmash has concluded three agreements with I Steel LLC for the delivery of steel valued at 102.29 million UAH. By February 22, 2018 the company will have supplied 4070 tons of sheet (1750 tons at 22.933 thousand UAH, 1140 tons at 24.586 thousand UAH and 1180 tons at 28.926 thousand UAH per…Details
In 2016 Zaporizhstal invested 1.8 billion UAH into development and modernization of its manufacture. According to the company statement, among the major projects is the modernization of the gas-purifying system of sintering machines No. 3-6, and the reconstruction of the blast furnace No. 3. The latter costs 1.5 billion UAH. “Ukraine is still experiencing the…Details
On March 28, Nornickel’s Vice President – State Secretary, GR Elena Bezdenezhnykh and Murmansk region governor Marina Kovtun signed the cooperation Agreement AS part of environmental campaigns conducted in Russia in 2017, namely the Year of Environmental Protection and the Year of Specially Protected Natural Areas. The agreement is aimed at furthering environmental cooperation in…Details
Bakytzhan Sagintayev has visited Aktobe Ferroalloy Plant as a part of his working trip. Kazakh Prime Minister took a look at fabrication activity and further plans of the enterprise. He also inspected the operating furnaces of the plant and visited dispatch department. It should be noted that, Aktobe Ferroalloy Plant performs a complete cycle of…Details
Uzbekistan’s Navoi Mining and Metallurgy Complex JSC started construction of the fifth hydrometallurgical plant at the Auminza-Amantai gold ore deposit. The country’s President Shavkat Mirziyoyev attended the plant’s groundbreaking ceremony on March 28. The new plant, worth $396 million, is expected to annually process five million tons of ore. Navoi Mining and Metallurgy Complex is…Details
Ukraine’s Energy and Coal Industry Ministry predicts that as of May 1, anthracite coal stocks will be 182,600 tons, down by 63% from March 29 (494,100 tons). According to the document posted on its website, gas coal stocks as of May 1, would total 1.321 million tons, up by 0.2% from March 29 (1.318 million…Details
Exports of coal from the Arctic terminal Chaika (Dikson) by the Northern Sea Route will make 1 million tons in 2017, Vadim Bugayev, Director General of VostokCoal (VostokUgol Management Company), said. According to him, this volume does not include cargo going back to the Taimyr Peninsula. Key consumers of the anthracite coal from the field…Details
One third of uranium supplied to South Korea is imported from Kazakhstan, according to Ambassador Extraordinary and Plenipotentiary of Kazakhstan to South Korea Dulat Bakishev. “30% of uranium supplied to South Korea is imported from Kazakhstan,” the Ambassador noted. The volume of commodity turnover between Kazakhstan and South Korea in 2016 comprised $676 million ($223…Details