In January-June Vysochaishy (GV Gold) mined 2.2 tons (71 thousand ounces) of gold, down by 15% YoY. “The drop in output has to do with the scheduled decrease of ore mining (by 13%) and processing of lower gold-containing ore (by 16%)”, the company explains. Gold sales in H1 totaled $84.1 million, down by 14% YoY.…
DetailsDneprovsky Iron and Steel Combine has resumed the manufacture of square billets at its continuous casting machine No. 1 in the converter shop. The square billets will be used to produce metal structures at the 400/200 mill of the rolling shop. It should be noted that DMK is gradually resuming operation after a long idle…
DetailsIn June Russia transported 9.4 million tons of ore, up by 2.2% YoY, and the highest result for the past 10 years. In January-June ore transportation decreased by 0.5% YoY, to 54.6 million tons. Local transportation grew by 4%, while exports dropped by 6% YoY. The main drop was seen in the exports to Ukraine…
DetailsThe ArcelorMittal Kriviy Rih union has agreed with the company administration on paying for additional vacations. According to the first deputy chairman of the union Natalia Marinyuk, the text of the order has been approved. It should be noted, that, according to the current labor legislation, paying for additional vacations to its employees is the…
DetailsIn January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works increased earnings by 25% YoY, to 3.9 billion rubles. Net profit went up by 54%, to 18.4 million rubles. The company has also increased its exports, as it has entered the markets of the Netherlands, Poland and UK. “In the Netherlands we will be cooperating at full scale…
DetailsThe crushing and sorting factory of Mikhailovsky Mining and Processing Works has assembled a new air-purifying machine – smoke exhauster. The new exhauster’s capacity is 20% higher than that of the previous one. The new machine also has thicker walls, increasing its lifetime to 20 years. Reconstruction of the purification system is a part of…
DetailsZagorsky Pipe Works has received a batch of rolled sheet from Uralskaya Stal. In particular, sheets for the manufacture of pipes with 530, 630, 720 and 820 mm diameter and wall thickness of 8-16 mm were delivered to ZTZ. The companies have been cooperating since December 2016. Since then UralStal has supplied around 15 thousand…
DetailsThe city of Kriviy Rih was hit by an earthquake on July 29. It turned out that the earthquake was the result of explosion works at the Yubileynaya mine. Under the Soviet Union the mine was a part of the Mine Group named after the 20th Party Congress. Now it’s a part of Sukhaya Balka.…
DetailsIn January-June the Industrial Metallurgical Holding produced 1.15 million tons of coking coal, up by 24% YoY. The increase is the result of the start of operations at the mine named after Tikhov and the second stage of the Bitovskaya mine. The combined capacity of the 2 mines is 3.4 million tons of coking coal…
DetailsNLMK Group, an international steelmaking company with operations in Russia, the European Union, and the USA, has been recognized as a leading exponent of investor relations among European steel companies by the European investment community. Ratings were compiled by IR Magazine based on an independent perception study among over 600 members of the European investment…
DetailsEmployees of a state enterprise engaged in coal mining were decreasing real price of the products thus damaging the state budget by 3.5 million UAH. Since mid-2016 the employees have been decreasing the quality characteristics and price of coal and selling it to the controlled companies. After that the coal was sold at market cost…
DetailsArcelorMittal Kriviy Rih miners, who wanted to go on strike on July 26, demanding the increase of salary, postponed it till August 2. But the company management again says the event will be illegal. On July 26 the miners had a meeting instead of strike. “The AMKR administration welcomes the decision of the employees to…
DetailsThe authorities of the Republic of Mordovia are interested in developing Saranskcable. According to the acting chairman of the republic Vladimir Volkov, in 3 years the modernization project received 630 million rubles, and in H1 2017 – 106 million rubles more. In particular soon the works will start manufacturing metal. Most of the equipment has…
DetailsThe Prime Minister of Kazakhstan Bakytzhan Sagintayev criticized the ArcelorMittal Temirtau CEO Paramjit Kahlon. In particular, the prime minister said that it was hard for the local business to start supplying to the works, and it was difficult to buy AMT products. For local customers rolled metal at the Temirtau warehouse is $30 per ton…
DetailsZakamensk, mining for tungsten in the Republic of Buryatia, is working on creating a tungsten manufacture at the Jidinsky Tungsten-Molybdenum Works. To produce tungsten the company will use ammonium paratungstate, obtained from the concentrate, as raw materials. At first the company will produce trial batches, and in 5 years it is intended to start full-scale…
DetailsIn June railroad transported 5.4 million tons of ferrous metals, down by 5.3% YoY, and 35.2 million tons in 6 months, down by 1%. Inner transportation in June increased by 7% YoY, while exports dropped by 13% (to Italy – 2-fold, to Mexico and Belgium by 40%). At the same time deliveries to Kazakhstan and…
DetailsThe Pipe Metallurgical Company has started manufacturing casing pipes of corrosion-resistant chrome-nickel alloys TMK-S. The first batch of TMK-S pipes has been produced at Tagmet and shipped to Lukoil. The alloy has been developed for pipes used in oil and gas extraction with high content and partial pressure of sulfuretted hydrogen and carbon dioxide. “This…
DetailsAmurmetall, the only steel producer in Russia’s Far East, has restarted production of steel after a six-month break, the government of the Khabarovsk region, where the plant is located, said in a statement on July 31. Amurmetall has been undergoing bankruptcy management since 2013. In 2015, the plant was put to auction at a price…
DetailsPrime Minister of Kazakhstan Bakytzhan Sagintayev visited the production facilities of Arcelor Mittal Temirtau, one of the largest industrial enterprises of Kazakhstan. Minister of Energy Kanat Bozumbayev reported on the measures to solve the paramount task of uninterrupted provision of heat and electric energy to consumers. To this end, a comprehensive plan for the modernization…
DetailsThe Kremenchug Car Works has supplied another batch of all-terrain buses KrAZ-5233 to Severniy and Ingulets Mining and Processing Works.
This is the second batch of automobiles delivered to the GOKs this month.
The first batch was dispatched some 2 weeks ago. (Ukrainian metal)
In January-June the Tajik Aluminum Company produced 49.101 thousand tons of aluminum, down by 32.8% YoY. The decrease had to do with the world price jumps on aluminum and the usage of outdated technology, which makes TALCO products uncompetitive. According to the industry and new technologies minister Shavkat Bobozoda, the only aluminum manufacturer and the…
DetailsIn January-June Uralelectromed produced 172.9 thousand tons of copper cathodes, up by 2.7% YoY.
Gold and silver output also increased – by 2.3% and by 23.2% YoY respectively.
The company has also improved its technical tellurium manufacture – by 11.9% and powder wares – by 15.7%. (Ukrainian metal)
In January-June VSMPO-Avisma produced 14.2 thousand tons of titanium, up by 20.4% YoY. At the same time, because of the drop of the exchange rate, the company earnings decreased by 0.4%, to 36.232 billion rubles, and its net profits by 35.6%, to 8.793 billion rubles. The strengthening of the ruble resulted in the decrease in…
DetailsThe Splav Corporation has received an order for pipe vales from a major Russian oil extractor and processor – Surgutneftegaz.
According to the agreement, in autumn the corporation will start supplying 1200 gland type globe valves to Kirishnefteorgsintez for the construction of the complex of pump petrol and diesel fuel. (Ukrainian metal)
NLMK Group has participated in the 18th International Specialized Exhibition “Construction Machinery and Technologies/ STT 2017” in Moscow. There the group presented the premium wear-resistant steel of the Quard grade. KAMAZ presented dump trucks and truck bodies made of Quard450 steel. NLMK produces Quard steel at its NLMK Clabecq works in Belgium. The steel sheets…
DetailsIn June Ukrainian market received 269 thousand tons of scrap, up by 18 thousand tons MoM, with 1421 thousand tons delivered since the year beginning. According to the state enterprise Ukrpromvneshexpertisa deputy director Yuri Dobrovolsky, the raw materials shortage is still felt on the market. Since the year started, the demand in scrap has been…
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