The Uchaly mine of the Uchaly Mining and Processing Works has received a Sandvik TH 545i mine dump truck. The machine with the lifting capacity of 45 tons will be used to transport rock underground and will be operating at the Novo-Uchalinskoye deposit. Until the end of the year the mine is expected to receive…
DetailsRusal Kremniy-Ural intends to suspend the operation because of the unprofitability. “Under the stable trend of global silicon prices decrease, its manufacture in Russia becomes very unprofitable. That is why from December 1 we will suspend the manufacture of the silicon in the Urals until the prices are stabilized”, a Rusal representative noted. At present…
DetailsOMK has finalized a deal to purchase 100% minus 1 share of Railroad Car-Repairing Company-3 (VRK-3) from the Russian Railroads for 8.65 billion rubles. According to the group, this will allow it entering another transport market segment. VRK-3 comprises 42 enterprises with the combined capacity to repair over 100 thousand railroad cars per year. (Ukrainian…
DetailsHaving purchased Krivorizhstal, ArcelotMittal has invested $4.4 billion in its Kriviy Rih asset, and in the nearest 5 years will invest $1.8 billion more. According to the company deputy CEO on metallurgical manufacture Alexander Ivanov, the main focus will be on the change in sinter manufacture, which accounts for some 70% of air pollution. “We…
DetailsIn October metal transportation via the Dnepr River grew by 13.3% MoM, to 170 thousand tons. In 10 months transportation increased by 24.1%, to 1.37 million tons. In January-September metal transportation went up by 27.3% YoY, to 1.2 million tons. (Ukrainian metal)
DetailsThanks to the first stage of the Mariupol Ilyich Iron and Steel Works hot-rolling mill-1700 reconstruction, Metinvest will increase its sales of sheets to 4 million tons. “At present we produce 3.4-3.5 million tons of high-quality flat rolled metal, but now we will be able to produce 4 million tons”, Metinvest sales director Dmitriy Nikolayenko…
DetailsMetinvest has completed the first stage of the hot-rolling mill-1700 capital reconstruction at Mariupol Ilyich iron and Steel Works. “Under the project we have received a new reduction reversing stand and a better water descalling. Thanks to the reconstruction of the heating furnaces we will be able to maintain equal temperature over all the length…
DetailsIn August Russia exported 25.9 thousand tons of zinc ore and concentrate, up by 53.4% MoM, but down by 30.5% YoY. Deliveries to China grew by 60%, to 20.1 thousand tons, and to Kazakhstan – from 4.3 to 5.8 thousand tons. In January-August exports totaled 164.9 thousand tons, down by 26% YoY. In monetary terms…
DetailsNLMK Lipetsk, the flagship site of NLMK Group, has relaunched Blast Furnace No. 6 (BF-6) following a large-scale upgrade. The overhaul of the Blast Furnace No. 6 is one of NLMK Group’s Strategy 2022 key projects. As a result, the maximum output of the furnace increased by 8%, to 3.4 million tons of pig iron…
DetailsThe net profit of the Russian gold producer Polyus more than doubled to 80.802 billion rubles in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue increased by 32.3%, to 176.113 billion rubles, operating profit rose by 33.5%, to 96.387 billion rubles, and gross profit grew by 28.7%, to 110.214 billion…
Details