Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products. KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ. Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)Details
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A new long face has been put into operation at the Osinnikovskaya mine, a part of Evraz. Its deposits are estimated at 1720 thousand tons of coking coal. In early December the mine reached its annual output plan in advance, yielding 1.5 million tons of coal. Such a result has been achieved for the first…Details
ArcelorMittal Kriviy Rih reports pressure on the company on behalf of the law enforcing agencies. “80 managers have been called for interrogation to the prosecutor’s office. This is a pressure in hope that we would share something with these people. Most of them serve in law enforcing agencies”, the company CEO Paramjit Kahlon said. He…Details
Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko says he will oppose Ukrzaliznytsia’s cargo transportation tariff increase in 2017. “Another round of this story begins. But I think we will battle them, though I’m unsure if we will succeed. It’s easier for Ukrzaliznytsia to increase tariffs to survive another year instead of modernizing and…Details
Chinese businessmen will invest $2 million into the project of copper-gold concentrate production in Kentau. The factory is expected to produce some 200 tons of products per day. Within the program a processing shop with the capacity of 65 thousand tons per year will be reconstructed in Kentau. Ore will be supplied from the Yubileynoye…Details
In summer 2017 construction of the Bratsk Electrometallurgical Works (Irkutsk region) will commence. At present the construction site for the mini-mill is being prepared. When the works is put into operation, it will create 600 jobs. In September the project was suspended because of the lack of investors. Investments are estimated at 7.3 billion rubles.…Details
Metinvest has started cooperation with Unisteel that has been idle for 4 years. The company will produce flat galvanized rolled metal to decrease the import share on the Ukrainian market. Soon Metinvest will start selling rolled metal produced at Unisteel. “Mariupol Ilyich has sent its first thousand tons of semi-finished rolled products to Unisteel”, Metinvest-SMC…Details
In January-November Kemerovo region miners yielded 206.9 million tons of coal, up by 5.9% YoY. More than half of the total volume (133.7 million tons) was extracted via open-pit mining. The processing share in the total volume of coal mining reached 70.6%. Miners extracted 59.6 million tons of coking coal, up by 4.4% YoY. (Ukrainian…Details
In November Novgorod Iron and Steel Works, a part of the Russian Copper Company, produced 6 thousand tons of copper cathodes, which was the best result since the company was put into operation in 2003. In December the output is expected to increase to 6.2 thousand tons. At first the capacity of the works was…Details
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2 years ago Karaganda Silicon Works was put back into operation after a long idle period. Now it plans to produce 23 thousand tons of products per year. Purity of the silicon produced at the works is almost 99%. The raw material base of the company is its own quartz deposits of 4 million tons.…Details
Gold output on the Urup Island of Russia’s Kuril Islands will fall by 100 kilograms to 1.583 tons in 2016, but silver output will rise to 4.274 tons from 3.327 tons, local precious metals producer Kurilgeo said. Despite the production cut, revenue from the sales of gold is to increase by 11% to 4.3 billion…Details
The Belarus government has set order volumes for scrap and ferrous and non-ferrous waste deliveries for state needs in 2017. Next year the country plans to procure 1.29 million tons of ferrous scrap and waste, as well as 19.2 thousand tons of non-ferrous scrap and waste. In particular, the Industry Ministry is supposed to procure…Details