Revda Non-Ferrous Metals Processing Works has supplied 25 tons of LAMsh77-2-0.05 pipe for an oil-processing plant. Soon another two batches of pipes will be supplied. In January-September Revda Works produced 451 tons of LAMsh77-2-0.05 pipe, up 7.5-fold YoY. According to the company, the growth has to do with the favorable market situation and marketing strategy.…
DetailsThe pipe-rolling shop of Taganrog Iron and Steel Works has completed the scheduled modernization and repair of the PQF mill, which produces seamless hot-deformed pipes. The repair will result in the decrease of maintenance time and quality improvement. For the first time since the mill has been put in operation the company has replaced beams…
DetailsIn January-September Ferrexpo exported 7.525 million tons of iron ore pellets. In particular, its Poltava GOK exported 5.739 million tons and Yeristovo GOK – 1.786 million tons. At the same time Metalloinvest exported 4.268 million tons of pellets, including 2.568 million tons from Mikhailovsky GOK and 1.7 million tons from Lebedinsky GOK. Karelsky Okatysh exported…
DetailsIn October Ukrainian iron and steel works received 270 thousand tons of scrap, down by 7% MoM. According to Ukrmetallurgprom, in October scrap-procuring companies prepared 310 thousand tons of scrap. Thus, 40 thousand tons were exported, down by 20% MoM. The metal industry in October was provided with scrap on the level of 89%. In…
DetailsThe deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament. It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at…
DetailsThe department of education and youth policy of the Kiliya District State Administration (Odessa region) ordered Oblpalyvo Manufacturing Enterprise the delivery of 2.83 million UAH worth of coal. In particular this year the educational establishments of the district will receive 687 tons of coal: 485 tons of DG grade (13-50) at 3910 UAH per ton,…
DetailsVictor Pinchuk has received elite real estate in London from Igor Kolomoyskiy and Gennady Bogolyubov within an amicable settlement of the court process on Krivoy Rog Iron Ore Industrial Combine. Pinchuk accused Kolomoyskiy and Bogolyubov of the breach of agreements while privatizing the plant and demanded $2 billion. He claimed that in mid-2000s gave the…
DetailsIn October Uralskaya Kuznitsa produced 9.5 thousand tons of metal, this is the record output for the past 5 years. The main products are railroad car and locomotive axles, which have been manufactured both for Russian and foreign wagon building works. “The growth has to do with the revival of the machine-building market. In 10…
DetailsChelyabinsk Iron and Steel Works has started supplying rails for the major operator of Kazakh railroad. According to the contract R65 and R50 rails will be delivered in stages. The first batch of 2 thousand tons has already been delivered to the customer, and 2 thousand tons more will be delivered this year. “Except for…
DetailsPJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant). Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky gold-iron-copper deposit containing total ore reserves of some 343 million tons that will ensure the…
DetailsThe VTB bank has signed an agreement with Susumanzoloto for the purchase of 2.6 tons of gold in 2018. This year the bank buys some 1.8 tons of the precious metal from the company. In 2 years VTB has provided Susumanzoloto with 2.3 billion rubles of loans for the construction of a mining and processing…
DetailsIn January-September MMK received $814 million of net profits, down by 9.9% YoY. According to the company statement, its revenue grew by 37.2%, to $5.598 billion, while EBITDA fell by 4% YoY, to $1.44 billion. In Q3 the company profits dropped by 7.1% QoQ, to $276 million, revenue grew by 4.5%, to $2.012 billion, while…
DetailsShares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9. On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1%…
DetailsIn January-October Ukraine exported 31.72 million tons of iron ore and concentrate valued at $2.179 billion. According to the State Fiscal Service, the share of iron ore and concentrate in the total exports was 6.2%. The largest volumes of iron ore and concentrate were exported to China – $600.559 million (27.5% of the total iron…
DetailsAvdiivka Coke and Chemical Works has started repairing one of its three thawing garages. According to the company statement, in winter it has difficulties unloading frozen coal from trains. Thawing garages help solve this problem. The repaired garage in severe cold could accommodate up to 30 train cars with coal for thawing and prepare coal…
DetailsAccording to the Ministry of economic development, in September the metallurgical manufacture index increased by 0.5% YoY, but dropped by 3.2% MoM. In particular, pig iron output increased by 4.9% YoY, stainless steel by 0.3%, non-alloyed steel by 0.4%, alloyed steel by 4.6%, rolled metal by 1.6%, seamless stainless steel pipes by 27.9%, compressor-pump pipes…
DetailsNordgold has announced plans to start a new project in 2022 – gold extraction at the Uryakh deposits in Irkutsk region. As of 2017 the deposits reserves are estimated at 2.1 million ounces with gold content of 3.4 g per ton for open-pit mining and 2-3 million ounces for underground mining. License for gold mining…
DetailsKyshtym Electrolytic Copper Plant intends to continue modernization. In particular, the company wants to completely switch to electrolysis bathes made of polymer concrete. This material is long lasting (up to 25 years), resilient and easy to use. “Now the copper electrolysis shop has ferroconcrete bathes. Every 5 years they need their lining replaced, and every…
DetailsPearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Russian steelmaker Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building, a financial source reported on November 8. The cost of the stake is estimated at about $276 million, or 16.341 billion rubles…
DetailsPJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q3 our nickel production increased by 10%, as Talnakh Concentrator reached its design…
DetailsCherepovets Iron and Steel Works has obtained a Lithuanian certificate for B500B steel with the diameter of 10-32 mm for concrete reinforcing. According to the company statement, its rebars have been certified to LST EN 10080:2006. “Thanks to the certification Severstal will expand the geography of supplies and increase its efficiency with the help of…
DetailsIn January-October DTEK mines produced 18.8 million tons of G-grade coal, up by 9.2% YoY. According to the company statement, in October DTEK Pavlogradugol and DTEK Dobropoplyeugol increased output from 1.8 million tons in September to 1.9 million tons. In 9 months DTEK invested in the development of the manufacture some 3 billion UAH. (Ukrainian…
DetailsThe state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of mine sections valued at 17.89 million UAH. In particular the company has to supply 100 tons of SVP-27 sections at 37.5 thousand UAH per ton and 500 tons of SVP-33 sections at 28.29 thousand UAH per ton. At the same time these sections are…
DetailsThe Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…
DetailsThe pipe-rolling shop No. 1 of the Seversk Pipe Works has completed another stage of the flow line No. 5 modernization The project was carried out without stopping the manufacturing process. The new SMS Group presses assembled in the ship will be tested in December 2017 – January 2018. “The project of flow line No.…
DetailsIn 2018 coal output at the Sayano-Partizansky pit in Krasnoyarsk krai will increase by 30% YoY, to 1 million tons. According to Russian Coal, then output will reach 1.5 million tons and increase to 3 million tons per year. The pit is the only deposit of coal in Krasnoyarsk krai. 80% of coal mined there…
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