Since the year start over 300 thousand square meters of buildings have been constructed using the metal structures produced by Severstal Stalnie Resheniya. Over 2700 tons of metal structures have been produced and supplied for the construction of a tire-producing plant in Ulyanovsk. The construction ended in September. Some 450 tons of metal structures have…Details
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Novolipetsk Iron and Steel Works has successfully finished the project of replacing cold-rolled metal thermal treating equipment. 15 new stands of bell furnaces have been put into operation. The new equipment will increase cold-rolled metal with increased finishing quality output by 30%, and that with the highest quality – 4-fold. Fuel usage at the new…Details
The assets of the bankrupt Aluminum Casting Works (Altai) have been put on sale once again for 504.47 million rubles, down by 16%. The auction will be held on November 28. The previous sale at 600 million rubles was canceled due to the absence of offers. The company, created in 1992, was named bankrupt in…Details
Kurilgeo, the sole gold miner in Sakhalin region, plans to mine 1.6 tons of gold at its Urup island deposits. “In January-September we mined 1.2 tons of gold and 3.5 tons of silver, receiving 1.18 tons of gold and 3.42 tons of silver. Our plan is to receive 1.6 tons of gold this year”, a…Details
Viktor Vekselberg and Leonard Blavatnik, for $700 million. Vekselberg earlier reported that his company wanted to increase the stake in RUSAL because it saw a high potential in the asset. According to one of the sources, the deal can be closed by the end of November. The money to pay for the stake will be…Details
Azovstal Iron and Steel Works has received the pilot tank with pulverized coal fuel. At the same time the PCI machine is being constructed there at the blast furnace No. 4. The Metinvest investments into the major project total $17 million. The fuel was delivered from the Mariupol Ilyich Iron and Steel Works in the…Details
On behalf of the Military prosecutors of the South region the General prosecutor’s office has addressed the Ministry of economic development and trade asking it to punish Ukrainian Chemical Products (ex-Crimean Titan) by stopping its economical activities. The prosecutors said, that despite the ban to trade with Crimea, in 2015-2016 the company supplied raw materials…Details
On October 26, the chairman of the Volyn regional state administration Vladimir Gunchik had a phone conversation with the minister of energy and coal industry Igor Nasalik on the Volynugol situation, Novovolynskaya mine No. 10 construction and salary debts to miners. The parties have reached the agreement that by the end of the week 100%…Details
Moscow has put a 100% stake of the Moscow Pipe Works valued at 1.58 billion rubles up for an auction. According to the auction documents, the company assets include 25 buildings with the floor square of 107.6 thousand square meters. Of them over 19 thousand square meters have been leased. The assets also include 10…Details
Volzhsky Pipe Works (a part of TMK) has put its continuous-casting machine No. 2 at the arc-furnace shop into operation after an overhaul. The halt of the machine didn’t affect steel smelting process, as it was carried out at other machines according to the plan. The arc-furnace shop of VTZ produces square (240×240, 300×300 and…Details
Severstal has named the recent increase in coking coal prices unjustified and hopes for their decrease in the next 2 months, as the future steel profits will face higher coke expenses. According to the company, the main reasons for the coal price increase were the decrease in working hours at Chinese mines and the breaches…Details
In January-September Russian Copper Company produced 132694 tons of copper cathodes, up from 103726 in January-September 2015. In particular, Kyshtym Copper-Electrolyte Works in August produced 7504.414 tons of copper cathodes in shop No. 1 and 3496.062 tons in shop No. 2 (11000.476 tons in total). This has led to the increase of the works targets…Details
Russian aluminum giant UC RUSAL has filed a suit to the International Center for Settlement of Investment Disputes (ICSID) demanding Ukraine to redeem the company’s investment in Zaporozhye Aluminum Complex, a RUSAL representative reported. “Affiliates of RUSAL have turned to the ICSID with a request to compensate for the investment in Zaporozhye Aluminum Works. The…Details