The Raspadskaya mine of the Raspadskaya Coal Company has commissioned a new long face 5a-7-34. Until the end of the year the company intends to mine over 600 thousand tons of coal. Reserves of the long face amount to 3 million tons of coking coal. The long face will be in development until the end…
DetailsThe authorities of the Orenburg region have discussed the intent of Novotroitsk Iron and Steel Company LLC to start producing ferroalloys (ferrochrome and ferroaluminum) in Novotroitsk. The capacity is estimated at 1155 tons of ferroalloys per year. The total cost of the project exceeds 24 million rubles. More than 20 jobs will be created. The…
DetailsArcelorMittal Kriviy Rih shareholders have voted to pay dividends of 10.845 billion UAH. The dividends are 2.81 UAH per ordinary share. The terms of the payment will be later determined by the supervisory board. Last time AMKR paid dividends in 2007. (Ukrainian metal)
DetailsThe steel output of Severstal remained almost flat YoY at 9.133 million tons in January-September, the company said in a statement on October 11. Cast iron output went up by 3%, to 7.125 million tons in the period. Consolidated sales of steel products remained flat at 8.503 million tons. In July-September steel output shrank by…
DetailsRussia and Nigeria are discussing joint finishing of construction of Africa’s largest steel plant Ajaokuta, Nigerian ambassador to Russia Steve Davies Ugbah reported. “The president of Nigeria will come to Russia with a large delegation on October 23–24. They will consider singing contracts in various spheres, including mineral production, infrastructure development, contracts in the oil,…
DetailsIn January-August Russia imported 5.097 million tons of ferrous metals, up by 0.3% YoY, with 0.662 million tons imported in August, down by 18.7% MoM. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, wastes and scrap totaled 4.079 million tons, up by 2.3%. In August purchases decreased…
DetailsUkrmetallurgprom believes that in November Ukraine will produce 1.75 million tons of steel. Pig iron manufacture is expected on the level of 1.7 million tons and rolled metal – 1.6 million tons. As of October 9, 15 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 11 out of 16 converters, 5 out…
DetailsIn September Ukrainian metal companies consumed 140 million cubic meters of natural gas, down by 7% MoM. In 9 months gas consumption totaled 1.4 billion cubic meters, up by 1% YoY. Electricity consumption in September dropped by 9% MoM, to 890 million kW-h, and in 9 months – by 2% YoY, to 8.62 billion kW-h.…
DetailsIn September scrap procurement grew by 6% MoM, to 238 thousand tons. Of this local metal companies received 235 thousand tons, up by 4%, and 3 thousand tons were exported (no exports in August). In January-September of 2.381 million tons of scrap procured (down by 13% YoY) 2.34 million tons were supplied to local metal…
DetailsPobuzhye Ferronickel Plant has confirmed its correspondence to the ISO 9001:2015 for the quality management system, ISO 14001:2015 for the environment management system and ISO 45001:2018 for the labor safety management system. The latter is new for PFK. Moreover, the company is one of the first in Ukraine to have successfully passed the corresponding audit.…
DetailsIn September ArcelorMittal Kriviy Rih and Zaporizhstal received the most VAT reimbursement among metal and mining companies. In particular, according to the State Treasury Service, AMKR received 1154.609 million UAH and Zaporizhstal – 864.267 million UAH. The third largest receiver was Mariupol Ilyich Iron and Steel Works (476.712 million UAH). (Ukrainian metal)
DetailsPolymetal intends to enter the development of the Tomtorskoye rare-earth metals deposit in Yakutia. According to the chairman Vitaliy Nesis, the board will discuss the issue in December. Before making its choice, Polymetal has looked at several other projects, including Chuktukon in Krasnoyarsk region and Belozimenskoye deposit in Irkutsk region, but had to stop at…
DetailsIn January-August Uzbekistan Iron and Steel Works exported 275.6 thousand tons of metal products, up by 12.2% YoY. Ferrous metals accounted for the lion’s share of exports. Enamelware accounted for the rest. “At present the company exports to 8 countries. Afghanistan and Kazakhstan purchase rolled metal, Kyrgyzstan and Russia – copper and alloys products, Tajikistan…
DetailsThe site of free advertisements Avito.ru now has an unusual lot. A plant to produce metal structures in Ulan-Ude, the capital city of Buryatia, is up for sale. The capacity of the bankrupt works is 40 thousand tons of metal structures per year. The cost of the enterprise is 528.6 million rubles. At first the…
DetailsThe Federal Agency on Technical Regulation and Metrology (Rosstandard) has approved three new standards on metal products made of aluminum and alloys. In particular, from February 1, 2020 instead GOST 20967-75 a new GOST 20967-2019 “Aluminum alloys rolled wire. Technical Specifications” will be introduced. From December 1, a new GOST 13843-2019 “Aluminum rolled wire. Technical…
DetailsRussian Platinum and Norilsk Nickel have submitted documents on creating a joint venture to the Federal Antimonopoly Service. The JV will be organized to create on Taimyr one of the largest platinum manufacturers in the world. Combined investments will total some $5 billion. The deal could be concluded in mid-2020. The JV will comprise Maslovskoye,…
DetailsIn September Ukraine exported 3.2 million tons of iron ore and concentrate, down by 1.8% MoM, valued at $400 million, down by 2.4%. According to the State Tax Service, in January-September exports totaled 30.4 million tons valued at $2.8 billion. Exports in August grew by 4% MoM, to $409.9 million, or 3.9 million tons, up…
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