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According to the agreement with the Karaganda region authorities, ArcelorMittal Temirtau will have invested 305 billion tenge in its manufacturing assets by 2020. This is the largest investment volume since 2010. The money will be invested in the output increase, product quality improvement, environment and labor conditions improvement, as well as sustainable development. In 2018…
DetailsAs the result of the coke oven battery No. 4 reconstruction Cherepovets Iron and Steel Works will decrease air pollution by 700 tons per year. The total cost of the investment contract is 6 billion rubles. In addition to decreasing pollution levels, the modernized battery will produce more coke – 460 thousand tons as opposed…
DetailsIn January-June the works previously known as Amurmetal and controlled by Torex-Khabarovsk LLC produced 264 thousand tons of rolled metal. The company is developing – it invests in modernization, prepares the manufacture of a new rebars standard and has concluded an agreement with Posco Daewoo on the supply of 300 thousand tons of billets. Since…
DetailsDuring the meeting with the shareholders Interpipe presented the preliminary plan to restructure its obligations of $1.25 billion. The company, in particular, suggests converting this debt into 6-year eurobonds worth $310 million with 9.35% interest rate, and two loan tranches of $45 million from Ukrainian banks and $45 million from international banks. The rest of…
DetailsThe Energy and Coal Industry Ministry of Ukraine should seek financial resources to boost coal production and ensure the proper activity of the industry, Ukrainian Prime Minister Volodymyr Groysman said, commenting on results of the government meeting with participation of the leadership of the Energy and Coal Industry Ministry and the Finance Ministry. “Until September…
DetailsIn January-June the Dalpolymetal Mining and Metallurgical Complex produced 9.54 thousand tons of zinc concentrate and 5.57 thousand tons of lead concentrate, up by 61% and by 45% YoY respectively. Last year the enterprise lifting machine broke down. This year the machine has been repaired. In 2018 Dalpolymetal intends to produce 15 thousand tons of…
DetailsIn January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…
DetailsIn January-June Primorye region mined 4.33 million tons of coal, up by 9% YoY. In particular, brown coal output totaled 4.03 million tons and bituminous coal – 0.3 million tons. This year the region intends to mine 8 million tons of brown coal and 0.5 million tons of bituminous coal. (Ukrainian metal)
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