The Kremenchuk Steel Works plans to resume operation on December 5 and start producing railroad car casts. According to the company director Victor Samusenko, in 2017 Ukraine will need some 14 thousand car sets. “We are prepared for this. That is why the company resumed operation”, he said. Samusenko believes the company products will be…Details
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The Russian government will unlikely hold an auction for the Sukhoi Log gold deposit in the Irkutsk region this year, Natural Resources and Environment Minister Sergei Donskoi reported. “A decision has not been made, and I would like to say officially that the auction will not most likely take place this year”, he said. In…Details
Energomashspetsstal has produced feed and discharge trunnions for Ingulets Mining and Processing Works ore-pulverizing mills. According to the company statement, the weight of the equipment totaled 71 tons. The contract was concluded in July. All the parts will be supplied by year-end. (Ukrainian metal)Details
The Ternovskoye Mine Group has put a new long face into operation. 788 thousand tons of coal will keep the local miners busy until January 2018. The length of the face is 280 meters. The average daily output is estimated at 2 thousand tons. (Ukrainian metal)Details
In January-September Koks, a part of Industrial-Metallurgical Complex, produced 2.12 million tons of bulk coke, up by 3%. During the whole year the company coking batteries have been 100% loaded, IMC strategy and communications vice-president Sergey Frolov said. Coking coal output at IMC mines decreased by 7% YoY, to 1.45 million tons, due to repair…Details
In January-September Tulachermet, a part of Industrial-Metallurgical Complex, produced 1.68 million tons of pig iron, up by 11% YoY. According to the company statement, steel-making pig iron production totaled 1.29 million tons, with 390 million tons of premium grades. “The orders of our customers have shifted to the steel-making pig iron in Q3, leading to…Details
Zaporizhstal has started the certification of its hot- and cold-rolled steel coils according to four Indian standards. To confirm the correspondence specialists of the Indian Standards Bureau have arrived at the works. The license will allow Zaporizhstal to export its rolled metal to India, increasing its volumes. (Ukrainian metal)Details
In November Russian Railways increased throughput by 2.6% YoY, to 34.06 million tons. In particular, the company transshipped 9.9 million tons of coal, up by 3% YoY. Iron and manganese ore transshipment went up by 4.5% YoY, to 3 million tons, ferrous metals scrap – by 10.4%, to 0.4 million tons, and coke – by…Details
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Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has cut its 2016 gold output forecast to 840,000-880,000 ounces from 880,000-930,000 ounces due to suspension of production at the Aprelkovo mine and difficulties with access to African deposits because of an extraordinarily long rain season, the company said in a statement. But the forecast…Details
Belarus and Pakistan are mulling over a joint steel production project, the press service of the Belarusian Industry Ministry reported. “Minsk hosted an official meeting of the Belarusian Industry Ministry authorities led by Minister Vitaly Vovk with Ahmad Ayaz Sadiq, Vice President at Barclays Bank Plc, Director for FI and NBFI Coverage in the Middle…Details
In 2016 Magnitogorsk Iron and Steel Works could receive $1 billion of net profits. Experts believe that the net profits will total $814, with EBITDA at $1.5 billion. In H1 MMK earned $486 million of net profits. Q3 results are on par with Q2, and MMK prices went up by 5%. Even though in Q4…Details