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
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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
In January-September Metinvest increase investments by 24% YoY, to $770 million. The share of strategic projects dropped to 35% from 39%. In particular, scheduled repairs of manufacturing facilities accounted for 65% (61%) The key project was the capital repair of Azovstal blast furnace No. 3 with the construction of pulverized coal injection system, completed in…Details
As of September 30 Metinvest debt has decreased by 3% since the start of the year, to $2.656 billion. The decrease is due to a partial repayment of a pre-export financing and the deferred remuneration for the purchase of 24.77% in the Pokrovskoye Mine Group. In 9 months Metinvest attracted over $50 million as loans…Details
Law enforcers of the Lviv region have uncovered the facts of miners used for personal purposes by the management of Lvivugol mines. For example one director has been exploiting 5 employees for several months in the constriction of a house on a land plot, belonging to his wife. Some miners were hired to work abroad,…Details