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Severstal has selected suppliers of the main machinery for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works with the capacity of 2.9 million tons of pig iron per year. Under the contract Danieli Corus B. V. (the Netherlands), Paul Wurth S. A. (Luxembourg) and TMT GmbH (Germany) will design,…
DetailsDelta LLC has acquired the property complex of the insolvent Rostov Coal Company LLC, a part of Zaporizhstal (Ukraine), for 50 million rubles. The initial price was 309.9 million rubles. Rostov Coal Company was created within the 6.9-billion rubles project to construct the Bystryanskaya 1-2 mine in Rostov region to supply cheap blast furnace coke…
DetailsIn January Sukhaya Balka produced 218 thousand tons of iron ore, up by 2.8% MoM. Last January the works did not mine ore because of the absence of license. On November 7, 2017 the company license was prolonged for 20 years. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2%…
DetailsIn 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…
DetailsThe actual economic impact of the implementation of proposals at the Magnitogorsk Iron and Steel Works in 2017 amounted to 599.3 million rubles. This is 2.5% higher than in 2016, when the economic impact of proposals was 584.5 million rubles. The largest contribution to the savings achieved was 356.3 million rubles, made by rolling production.…
DetailsRussian gold producer Polymetal International has signed the first sales contract for its Kyzyl field in Kazakhstan and will sell gold concentrate to a partner that has been buying much gold concentrate from the Maisky field for over two years, the company said in a statement on February 21. The partner will buy at least…
DetailsPJSC ArcelorMittal Kriviy Rih started the hot tests of sinter machine No. 5 after its modernization. It was performed as part of the company investment program on modernization of the Sinter Plant No. 2 and improvement of environmental indicators. During modernization of sinter machine No. 5, gas-cleaning plant of wet type was replaced by the…
DetailsThe state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…
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