Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…
DetailsThe Magadan region enterprises intend to obtain 37 tons of gold in 2018. “That’s an ambitious goal. This year the miners set a goal of 31 tons, but have already mined 32 tons. In March next year we will meet to set the goals for the year and see if they are realistic”, the regional…
DetailsThe Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…
DetailsPJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…
DetailsThe Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…
DetailsIn January-October Russia supplied 2.9 million tons of steel products to Taiwan, up by 15.5% YoY and the highest result in the history of deliveries there. Semi-finished products of non-alloyed steel account for 90% of all exports. Taiwan’s share in Russia’s exports has reached 23%. Bars and sections account for around 7% of the exports.…
DetailsIn January-October Russia exported 200.8 thousand tons of rails, up by 19% and the highest result in the past 7 years. Pakistan was the main importer of Russian rails – 39.4 thousand tons, up 6-fold. Belarus imported 31.4 thousand tons, up 2.4-fold, followed by South Korea (21.8 thousand tons, up by 75%). For the first…
DetailsThe Prime Minister of Ukraine Vladimir Groysman supports the finishing of the Novovolynskaya Mine No. 10 construction in Volyn region. “The mine has to be constructed. That’s some 400-500 million UAH”, he said. The construction began in late 1980-s, and was actively resumed in December 2007. As of early 2013 the construction was 87% complete,…
DetailsAn expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…
DetailsArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…
DetailsIn January-November industrial output in Donetsk region decreased by 12.4% YoY, and in November – by 10.3% YoY, but grew by 3.6% MoM. In November coke output increased by 1.1%, metal – by 3.7%, and coal – by 20.1%, all MoM. At the same time, in YoY terms coke manufacture dropped by 6.1% and metal…
DetailsIn mid-December Russian Platinum submitted a new development project of the Chernogorskoye platinum-copper-nickel deposits to the Federal Agency of Subsoil Use. The company intends to start mining in January 2021. In case of the positive reply from the agency, the company will have 36 months to construct a mining and processing works at the site…
DetailsIn 2017 Izhstal has increased sales of speed steel products by 47% YoY. The main consumers of this steel are local military and car manufacturers: Kalashnikov Concern, Kazan Helicopter Works, Sukhoy, Kamaz, UAZ, etc. The products are also exported to Belarus (MAZ and Belcard). Izhstal is the only Russian producer of cold-rolled belt of speed…
DetailsThe Uralelectromed subsidiary – The Manufacture of Non-Ferrous Metals Alloys – has started commissioning the main equipment of the new mini combined heat and power plant. The commissioning will be carried out in two stages, and the mini-CHPP is expected to be put in operation in late January 2018. Investments in the project totaled 187…
DetailsThe construction of new steelsmelting capacities by China in the Russian Far East is not only against the Global steel forum ideology, but also against the industry meetings decisions taken in 2016. “The idea of the Chinese metal makers to create capacities outside of China is the aim of their industry to decrease environment impact”,…
DetailsThe chairman of the Vnesheconombank Sergey Gorkov said that the strategy on the Industrial Union of Donbass corporation was developed last year. “Some time is needed to carry it out. The Fund of investment assets appeared as a part of this strategy implementation. Has this strategy not been implemented, that would have been a really…
DetailsIn October Russia exported 214.4 thousand tons of pig iron, down by 55% YoY. According to the Federal Customs Service, in January-October exports decreased by 15% YoY, to 3.59 million tons, while revenue grew by 29.4%, to $1.22 billion. USA remain the leader among importers, having purchased 65.7% of all pig iron, up by 15.4%.…
DetailsIt is proposed to change the procedure for issuing licenses to develop deposits in Kyrgyzstan, a member of the Board of the Association of Miners and Geologists of the Kyrgyz Republic, Honored Worker of Industry of the Kyrgyz Republic, Kartabek Mukambetov, said at a press conference on December 27. According to him, to restore order…
DetailsIn October, according to the Customs Statistics, Russia exported 12.3 thousand tons of corrosion-resistant steel scrap and waste valued at around $12.5 million, up by 10.4% MoM and by 18.3% YoY. Moreover, this is the second highest result for the past several years (the largest was recorded in June 2011 – 16 thousand tons). Revenue…
DetailsIn 2017 Khiagda is expected to sell 693 tons of uranium, while in 2008 it sold just 60 tons. For the next year the company has the same goals: further decrease of the prime cost of the products and the manufacturing processes. At the same time it also has new challenges: improve efficiency, increase output…
DetailsAEM-Tekhnologii has produced for Severstal a cylinder to modernize the accumulator station of the water decaling unit at the 2000 rolling mill.
In 2015 the company supplied 2 similar cylinders to Cherepovets.
The volume of the cylinder is 9.25 cubic meters. It has successfully passed the tests. (Ukrainian metal)
In 2017 ferrous scrap procuring companies will amass 3.7 million tons of scrap, and 80% (2.96 million tons) will be in the shade. As the result the budget will get only 53.3 million UAH. “One of the main issues is the deshading of the scrap market”, Ukrmetallurgprom president Alexander Kalenkov believes. According to him, in…
DetailsUkraine has retained the zero quota on gold, silver, precious metals wastes and scrap exports for 2018.
The corresponding norm is contained in the Cabinet of Ministers decree dated December 20 and published in the state newspaper Uryadovy Courier on December 23. (Ukrainian metal)
The state enterprise Ukrpromvneshexpertisa forecasts that export prices of Ukrainian suppliers of iron ore raw materials in December will fall by over 10%. “The fall will be the result of the Chinese indexes dynamics with a certain time lag. On the local market prices could grow due to the favorable situation on the rolled metal…
DetailsThe Cabinet of Ministers has prolonged for 2018 the licensing of anthracite exports at the approval of the Ministry of energy and coal industry. The correspondent decree No. 1018 dated December 20 has been published in the Uryadovy Courier newspaper. The accompanying message says that the licensing is aimed at preventing uncontrolled exports of the…
DetailsIn January-November Ferrexpo exported 9.433 million tons of iron ore pellets. In particular, Poltava GOK exported 7.07 million tons and Yeristovo GOK – 2.362 million tons. In 11 months Metalloinvest exported 4.984 million tons of pellets (Mikhailovsky GOK – 2.916 million tons and Lebedinsky GOK – 2.068 million tons). Karelsky Okatysh exported 5.038 million tons…
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