In January-September Ferrexpo invested over 4.5 billion UAH ($172.2 million) in development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 3.03 billion UAH ($115 million), while EGOK and BGOK – 1.48 billion UAH ($57.2 million). PGOK spent the money to maintain current operation (580.1 million UAH, $22 million), on…Details
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Bystrinsky Mining and Processing Works has received all the necessary documents to commission its construction objects. Among the largest are the processing factory, quarries, tail dumps, etc. The construction of the GOK began in 2013. The annual capacity will be 10 million tons of ore. The design capacity is expected to be reached in 2020.…Details
The authorities of Sverdlovsk region have approved new residents of the Titanium Valley special economic zone. In particular, at the Salda site Ferrostar will be producing directly reduced iron with low prime cost. Investments will reach 2.3 billion rubles. When the company reaches its design capacity it will employ 80 people. (Ukrainian metal)Details
Severstal has started supplying industrial batches of new product – hot-rolled strips with the size of 40×4 mm. In late November the first 100 tons of the new product were shipped to a customer. The new product manufacture was mastered at the mill-250 of Cherepovets Iron and Steel Works. The hot-rolled strip can be used…Details
The Russian government has not agreed with a bill liberalizing access of private investors to large gold fields, prepared by the Natural Resources and Environment Ministry. The ministry suggested raising the threshold of reserves to qualify a field as strategic to 200 tons from 50 tons to draw private investment, because under the current law,…Details
Gazprom was studying production potential of titanium giant VSMPO-Avisma for possible partnership, the titanium producer said in a statement on December 18 after a Gazprom delegation visited the Sverdlovsk region’s city of Verkhnyaya Salda to study VSMPO-Avisma’s production and discuss partnership. “After analyzing production potential of VSMPO-Avisma, the leader of the world’s titanium industry, we…Details
On December 16 an extraordinary meeting of Norilsk Nickel shareholders was held. The shareholders approved of dividends in the amount of 604.09 rubles per ordinary share ($9.48) to be paid for January-September. The total amount of dividends reaches 95.59 billion rubles ($1.5 billion). (Ukrainian metal)Details
Sibcable has put into operation two new high-speed winding machines. Their cost is some 320 thousand euros. The machines will operate in the shop No. 6, which produces mine and excavator cables, as well as ordinary power cables. (Ukrainian metal)Details
Polyus Verninskoye has fulfilled its annual output plan 3 weeks in advance. One of the reasons of such results is the increase of the gold-processing factory average capacity. Delays in its operation decreased by 200 hours. In 2018 Polyus Verninskoye mined 7024 kg of gold. (Ukrainian metal)Details
Beloretsk Iron and Steel Works has confirmed its certificates for the steel ropes made according to American standards. In particular, the Diagnostica LLC specialists checked 6- and 8-strand steel ropes. Such ropes are used at drilling rigs in oil and gas industry. The confirmed certificate is valid through 2020. (Ukrainian metal)Details
Alexei Kushnarev, Evraz NTMK managing director, has signed a contract with Danieli on the reconstruction of the rail and beam shop. The value of the contract is 80 million euros. The modernization is expected to be completed in 2022. The capacity of the mill will grow from 800 thousand tons to 950 thousand tons of…Details
Krasniy Octyabr has passed the supervisory audit by TUV SUD. The experts have checked the fulfillment of the requirements of certificates issued in 2018 – ISO 9001 and ISO 14001. Next year another interim check will be made, while in 2021 the company will have to undergo the complete audit again to receive certificates. The…Details
In January-September Metinvest EBITDA decreased by 39% YoY, to $1.234 billion. This was mostly due to a decrease of Metal EBITDA by $1.085 billion. At the same time, Mining EBITDA grew by $271 million. Moreover, average sale prices of metal products have decreased, while expenses have grown. In particular, expenses on raw materials increased by…Details