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According to the International economic rating “Best of the Best” Zaporozhye Iron Ore Complex was named “Company of 2016”. The new status has been confirmed by Standard Chartered Rating GmbH (Germany), International Rating Association (Hong Kong) and Summit International Awards (Ukraine). “This prize is the high evaluation of both the company reputation on the whole,…
DetailsIn 2016 the state enterprise Volynugol had to mine 310 thousand tons of coal. The enterprise mined 185.4 thousand tons, or 59.8% of the plan. At the end of the year average daily output improved, in particular to 622 tons, up by 108.88 tons QoQ. This year the target for the enterprise is 391 thousand…
DetailsIn 2018 the managing company Siberian Mining and Metallurgical Company plans to start processing Evraz West-Siberian Iron and Steel Works furnace wastes into pig iron. According to the company, the project is currently in development, and the investments are estimated at 200 million rubles. “SGMK has large stocks of metallurgical raw materials arising from the…
DetailsIn 2016 Altai-Koks produced 4.06 million tons of coke, up by 0.7% YoY. Capacity loading remained high – over 95%. The company supplied some 84% of the coke produced to the local market, including 76% within NLMK Group. The rest was exported to Kazakhstan, Ukraine, Uzbekistan, Germany, Belgium and Finland. (Ukrainian metal)
DetailsKazakh coal producers are interested in entering new markets in Europe and Asia after the reduction in coal export to Russia, Executive Director of the Republican Association of Mining and Metallurgical Enterprises Nikolai Radostovets said. Russia is set to replace Kazakh coal imports to its own coal, within the program of industry development until 2030.…
DetailsThe National Tariff Commission of Pakistan after finishing the antidumping investigation into imports of cold-rolled coil and sheets originated from China and Ukraine has introduced safeguard measures. According to an official report of the commission, the decision on imposing antidumping duties was made on January 19, for the period of five years. Cold-rolled products are…
DetailsIn 2017 ArcelorMittal Kriviy Rih intends to keep sinter ore output volumes on the last year level – 850 thousand tons. At present sinter ore is mined at the speed of 10-12 thousand tons per month. The ore reserves are estimated at 24 million tons, enough for 15 years of operation. (Ukrainian metal)
DetailsThe Dalnevostochnaya Power Company plans to limit the supplies of the heating energy to Amurmetal, as the works has been increasing its debts for heating since November 2016. In November 2016 the company debts totaled 15 million rubles, increasing to 20 million rubles in December 2016. According to the power company, in January the debt…
DetailsIn 2016 Russia decreased gold ingot output by 7.8% YoY, with December 2016 being the 5th consecutive month when the gold output decreased. In December 2016 gold output dropped by 4.6% YoY, but increased by 6.2% MoM. The Gold Manufacturers Union or Russia expects that in 2016 the country will produce 297 tons of gold,…
DetailsIn 2016 Kazakhstan will mine 60 tons of gold, the vice-minister on investments and development Albert Rau forecasts. “In 1990 we mined less than 20 tons of gold, in 1997 dropped to 6 tons. In 2015 we mined 57 tons, last year we hope to reach 60 tons”, he said. Thus output increase is expected…
DetailsIn 2017 MMK-ugol plans to increase coal mining to 4.14 million tons from 3.42 million tons in 2015. For this the company will increase investments – from 1.99 billion rubles to 3 billion rubles. “Capital investments will be directed to the development of mines”, the company CEO Vladimir Kharchenko said. MMK-ugol also intends to prepare…
DetailsBy the end of January Interpipe will have produced and supplied 3 thousand units of railroad tyres to Ukrzaliznytsia enterprises. According to the company statement, the tyres will be used to repair locomotives and battery locomotives. Interpipe won the tender to supply tyres in December 2016. “The main requirement of Ukrzaliznytsia was the production in…
DetailsInterpipe has officially registered its trademark with the Ministry of trade and industry of Saudi Arabia. This is the second country after the United Arab Emirates, where the company registered its trade mark to battle fake steel pipes. “In the past 5 years we supplied over 80 thousand tons of pipe products to Saudi Arabia.…
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