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In January-September Russian ports handled 604.2 million tons of cargo, up by 4% YoY. According to the Association of the Sea Trade Ports, in particular the throughput of coal totaled 121.9 million tons, up by 5.4%. The throughput of ferrous metals grew by 8.5%, to 22.6 million tons, of scrap – by 13.6%, to 3.2…
DetailsThe subsidiary of the state concern Rosgeologia has completed its prospecting works for Q3 at the Karymshinskoe field. There the enterprise is looking for ore gold according to the state contract signed in 2017. The field is situated in the southeastern part of the Kamchatka peninsula. The completion of the contract is scheduled for late…
DetailsSince the start of the year Amur region has mined 2.5 million tons of power-generating coal, up by 5% YoY. In the region coal is mined at the Erkovetsky and Severo-Vostochniy pits. To further increase Erkovetsky capacities, Amur Coal will by new machines – a hydraulic excavator and bulldozers. (Ukrainian metal)
DetailsA new MMK sintering factory will have two unique sinter machines with no analogues in Russia. At present the company is assembling metal structures for the main premises and the buildings of the factory as well as machinery. The new machines will have a sintering area of 300 square meters at each sinter belt, with…
DetailsMetalloinvest and ChelPipe Group have held a Coordination Committee meeting at OEMK (a part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (a part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant,…
DetailsThe Federal Antimonopoly Service of Russia has rejected the offer of the Pipe Metallurgical Company to buy 100% of the “Tekhnologii bureniya” Company, owned by Hilong Energy (China). The FAS believes the deal will limit competition on the Russian market of drilling pipes. TMK is the largest manufacturer of drilling pipes in Russia – in…
DetailsPrices of gold, silver and platinum increased in Azerbaijan on October 12, while palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 44.6845 manats, to 2,073.609 manats per ounce on October 12 compared to the price on October 11. The price of silver went up by…
DetailsIn 2003 Solway Investment Group (Sweden) purchased Pobuzhye Ferronickel Plant in Kirovograd region, and since then has invested some $200 million. According to Dan Bronstein, chairman of the board, investments went not only in the manufacture, but also in the educational and cultural spheres of the Pobugskoye town. “Now PFK is one of the most…
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