Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…Details
Chervonograd city council has addressed the president, the prime minister and the minister of energy and coal industry informing them on the difficult situation of miners at the state enterprise Lvivugol and the salary payment problems. “The Lvivugol miners are facing a very difficult situation because of the unstable payment of salary. This situation has…Details
Avdiivka Coke and Chemical Works is modernizing the railroad station.
Investments into the project total 24 million UAH.
At present the power lines are being assembled for the Uglekoksovaya-1 railroad station equipment. (Ukrainian metal)
Dneprovsky Iron and Steel Combine has put its blast furnace No. 12 into operation. Thus the blast furnace shop now operates BFs No. 1M, 9 and 12. 4 sintering machines are now providing the shop with sinter. The converter shop continues manufacturing square billets. BF No. 9 was put into operation on August 1. (Ukrainian…Details
Corum Druzhkovka Machine-Buidling Works has produced an AM8D locomotive for KazChrome. According to the company statement, the machine will be operating at the chrome ore long face. This is the first delivery of such machinery to Kazakhstan in 3 years. “Kazakh mines, including those of chrome, need such locomotives. So our plan is to make…Details
Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 million tons of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (a part of Metalloinvest) will have supplied Evraz with 1.6 million tons of pellets and 1.8 million tons of iron ore concentrate by June 30, 2018. Nazim Efendiev, First…Details
VSMPO-Avisma Corporation has signed several long-term agreements with Rolls-Royce for the period up to 2026. Terms and conditions of all agreements differ from each other. According to the terms of new agreements VSMPO-Avisma shall deliver rings, blisks and fan disks to Rolls-Royce for new jet engines. The expected revenue from the agreements will potentially exceed…Details
In January-July Ukraine imported 9.457 million tons of coal valued at $1.472 billion, up by 5.1% and by 85.9% YoY respectively, including $213.64 million in July. According to the State Fiscal Service, Russia supplied $762.006 million worth of coal (51.76%), USA – $378.469 million (25.71%), Canada – $116.185 million (7.89%) and other countries – $215.491…Details
Rusal has stopped supplying aluminum to the largest manufacturer of cast wheel disks in Russia – Kik LLC. According to the K&K Group of Companies CEO Sergey Kuklin, having purchased the Skad LLC, Rusal got an opportunity to enter the car disk market, the world volume of which is estimated at 300 million pieces a…Details
The Industrial Union of Donbass Corporation is still controlling the Alchevsk Iron and Steel Works, situated on the Russia-supported terrorist-occupied territory of Lugansk region. According to a source, after the cargo stopped crossing the demarcation line, the militants of the so-called Lugansk People’s Republic did not make any attempts to take over the enterprise. At…Details
In July Yuzhniy Mining and Processing Works produced 1.052 million tons of concentrate, up by 13.8% YoY. According to the company statement, its sinter output dropped by 33.3%, to 152.8 thousand tons. In January-July UGOK produced 7.133 million tons of concentrate and 1.046 million tons of sinter, up by 12.6% YoY and down by 8.9%…Details
In January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY.
According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion.
In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)
Stoilensky Mining and Processing Works (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tons of concentrate per year. Twenty…Details
ChZPSN-Profnastil has increased its manufacturing capacities of light steel thin-walled structures used in construction. In addition to a Samesor line (sections with the thickness of 1-4 mm), the company has put into operation a Zeman line (1.2-4 mm thick sections with the height of 100-400 mm). The company can now produce S- and Z-sections. (Ukrainian…Details
Losses of the state enterprise Donetsk regional railroads (DZhD), a part of the state enterprise Ukrzaliznytsia, will soon grow to 6-65 million UAH per month because the railway authorities cannot provide for the full-scale cargo connection with the city of Mariupol. “I’ve read somewhere that in July DZhD did not receive 42 million UAH of…Details
Some private Ukrainian companies are buying power coal in Russia at $78-82 per ton. But, according to the minister of energy and coal industry Igor Nasalik, these deliveries could be stopped at any moment by a decision of a single person. “I can not say that Russian coal is cheap, but some companies do buy…Details
According to the Federal Customs Service, in January-June Russia exported 20.713 million tons of ferrous metals, down by 3.5% YoY. In particular, exports to far foreign countries amounted to 17.75 million tons, up by 6.3%, valued at $7.4 billion, while exports to the CIS countries increased by 18.2%, to 2.96 million tons ($1.5 billion). Steel…Details
By the end of 2017 Kimkano-Sutarsky Mining and Processing Works will have reached its full capacity of 3.5 million tons. “Each day the works sends out some 100 railroad cars with 6 thousand tons of ore. The iron ore concentrate mostly goes to the South-East Asian”, the company CEO Yuri Makarov said. KSGOK intends to…Details
The Eurasian Economic Commission department of the local market protection has prolonged the antidumping investigation on the imports of hot-rolled steel angles from Ukraine. The investigation term has been prolonged until October 10. In early July the investigation proved the existence of dumping. It was suggested to impose an import duty of 37.89% on the…Details
On August 4, PJSC ArcelorMittal Kriviy Rih, the biggest steel and mining company of Ukraine, celebrates its birthday. 83 years ago that day the first blast furnace of Kriviy Rih steel plant was blown in and produced the first hot metal. Nowadays PJSC ArcelorMittal Kriviy Rih is a part of the international ArcelorMittal company, which…Details
Kumtor Gold Company has released the Annual Environment and Sustainability Report for 2016, Media Relations Department of KGK reported. The task of the report is to inform government agencies, the non-governmental sector and the public of the country about the state of environmental activities at the mine and about the environment protection activity of the…Details
Russia: construction of new solid waste landfill at Bystrinsky Mining and Processing Plant completed
As part of preparations to launch the Bystrinsky Mining and Processing Plant, Nornickel has completed construction of a modern landfill site for solid waste. Designed to eliminate the plant’s environmental footprint, it is the only waste disposal site in the Trans-Baikal Territory today that is fully compliant with all sanitary regulations. Nornickel treats environmental protection…Details
According to Zaporizhstal CEO Rostislav Shurma, employees start leaving Ukraine because of the adoption of the visa-free regime between Ukraine and the European Union. “We have the problem of personnel leaving. We believe it has to do with the visa-free regime. Our task is to organize the work in such a way as to keep…Details
Zaporizhstal intends to continue the reconstruction works and produce 4 million tons of steel per year. According to the company CEO Rostislav Shurma, in the past 5 years Zaporizhstal has invested some 6 billion UAH into modernization, which allowed it to settle important environment issues. “We have almost completely renovated our blast furnace shop. 3…Details
Ormet has started preparing the territory of the Luchistoye deposits for the quarry construction. In August the company will construct electricity lines, a substation and inner power grid. Investments into power infrastructure will total 2 million rubles. Equipment for the substation will cost around 4.6 million rubles. The first power objects will be commissioned in…Details
In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…Details