On July 12 the Uzbek-Swiss joint venture Metal Processing commissioned a plant in the city of Tashkent. The works will produce parts for the textile machinery, as well as spare parts used in the transportation sphere. Investments totaled $4 million. The company will be able to process 760 tons of metal per year. 60 jobs…Details
In January-June the enterprises of the Siberian Coal Power Company (SUEK) mined 55.6 million tons of coal, up by 4% YoY. Sales grew by 12%, to 59.9 million tons. Exports increased by 6%, to 28.6 million tons. On the domestic market the sales increased by 18%, to 31.3 million tons. In particular, power-generating enterprises received…Details
Ametistovoye Mining and Processing Works was put into operation in September 2015. In three years a lot has been done to develop the works. As the result, now the GOK is the largest gold-extracting enterprise in Kamchatka. Its capacity is 600 thousand tons of ore per year. Recently the enterprise has produced the 10th ton…Details
MMK has finished the reconstruction of the blast furnace No. 1, commissioned in 1932. The cost of the project, carried out in less than 6 months, totaled 5.4 billion rubles, including 2.35 billion rubles worth of machinery and the rest being construction and repair works. The reconstruction of the BF1 and the construction of the…Details
The Verkhovna Rada has adopted a law introducing amendments to the law on Ukraine’s state budget for 2018 regarding the proper financing of the state sector of the coal industry. A total of 261 MPs voted for the for adoption of draft law No. 8362 at the first reading and as a whole, with technical…Details
In April-June steel output grew by 1%, to 4.38 million tons driven by high capacity utilization at the NLMK Russia Long Products Division. The 6% YoY growth was associated with the increase in demand for group products on its key markets. Group sales increased by 6% QoQ, to 4.38 million tons due to the growth…Details
PJSC ArcelorMittal Kriviy Rih continues to invest in new automotive equipment. Last week three new 45-ton dump trucks BelAz-75473 were released for the performance of steelmaking wastes disposal. The total cost of dump trucks amounted to 26 million 700 thousand UAH. Aleksey Smirnov, Deputy Director of Motor Transport Department, PJSC ArcelorMittal Kriviy Rih: “As of…Details
The power-generating company Centerenergo intends to import 1.5 million tons of coal via seaports from September 1, 2018 till May 31, 2019. 600 thousand tons of coal will be imported via the Nikolayev trade port of Yuzhniy and TIS-Terminal LLC each, and 300 thousand tons via the Chernomorsk sea trade port. The expected cost of…Details
In January-June construction companies received 4.9% less metal via railroad YoY. Bars accounted for 43.2%, down by 5.5%. Assorted sections and bars accounted for 34%, down by 4.8%. The share of roofing steel (including galvanized steel) was 8.5%, down by 8.6%. The share of pipes dropped by 5.6%, to 6.5%. Beams, channel and angles accounted…Details
In June, according to the railroad statistics, direct supplies of rolled metal to the major service metal centers, specializing in metal wares manufacture, totaled 200.6 thousand tons.
The results increased by 21.6% YoY.
In January-June deliveries reached 1.15 million tons, up by 7.5% YoY. (Ukrainian metal)
In June, according to the railroad statistics, direct deliveries of rolled metal to the companies producing ferroconcrete structures as well as housing-building companies totaled 12.7 thousand tons.
In annual comparison the results dropped by 28%.
In January-June supplies totaled 92 thousand tons, down by 34.3% YoY. (Ukrainian metal)
Since the start of the year Yekaterinburgskiy Non-Ferrous Metals Processing Works has been carrying out a major strategic project to produce precision parts of precious metals alloys. The new method allows plating titanium electrodes with iridium oxide. Trial samples of such electrodes have been sent to several customers, and positive results have already been received.…Details
In June Amur region mined the 550-millionth ton of coal. The region started mining coal in 1932, while prospecting works were carried out as far back as 1909. In 86 years of operation, 28 coal pits have been commissioned. In Particular, the Severo-Viostochniy pit was put into operation in 1932. It now mines over 1…Details
Rusal has become an official supplier of the XXIX World Winter Universiade-2019 in the city of Krasnoyarsk in the category of award sets. Rusal will supply over 1400 award and prize medals, as well as award badges and cases for them. The main body of the medals and badges will be made of innovation aluminum…Details
The prices of the main precious metals in Azerbaijan increased on July 13, according to the data published by the Central Bank. The cost of gold increased by 0,6375 manats, to 2116,602 manats per ounce on July 13, compared to the price on July 12. The cost of silver increased by 0,1758 manats, to 27,0898…Details
Prime Minister Bakytzhan was presented a project for the construction of Altyn Ex mining and metallurgical plant in Altyndy. The company is currently developing the Yubileynoye field, one of the largest deposits of gold-bearing ores in the country. Also, according to the founder of the enterprise the construction of the plant will increase productivity, and…Details
The second stage of a $2.6-billion Boguchany aluminum smelter will be launched until April 2019, CEO of the plant shareholder RUSAL Vladislav Solovyov declared on July 13. “We will launch the second stage of the Boguchany aluminum smelter at the start of next year. The amount of production is 148,000 tons. The date of the…Details
The Belarusian steel mill BMZ continues exporting merchandise to the USA and the volume of export remains stable, Ivan Demidov, Head of BMZ’s Planning and Economic Analysis Office, declared. “As a result of negotiations with our clients in the USA the market for the staple products – seamless pipes and high pressure wire – remains…Details
The Belarusian steel mill BMZ increased the export of its products by over 30% YoY in January-June, Ivan Demidov, Head of BMZ’s Planning and Economic Analysis Office, reported. In H1 BMZ exported 957,000 tons of merchandise worth $611.7 million or 131.5% as against H1 2017. The profitability of sales reached 9.6%. The stock in storage…Details
The Belarusian steel mill BMZ does not intend to arrange an IPO or float eurobonds in the near future, Ivan Demidov, Head of BMZ’s Planning and Economic Analysis Office, declared. The executive specified: “We consider arranging an IPO in the more distant future and have no intention to do it any time soon.” The company…Details
In the next three years Dneprovsky Iron and Steel Works will be carrying out a modernization program. “In March the company got a new owner. Until that time and since 2008 it was owned by Evraz. In March we received a new owner – DCH Investment Management”, the company commercial director Denis Frolov said. The…Details
As of July 1, the gold-extracting company Zolotinka LLC has extracted 42 kg of gold in Amur region, down by 29% YoY. According to the regional ministry of natural resources, as of July 1, 2017 the gold output amounted to 59.1 kg. The company is extracting alluvial gold at two sites: in the Ostrovnaya River…Details
The Vostsibugol Company LLC intends to invest 1 billion rubles in the development of the Southeastern part of the South block of the Quarry field No. 1 of the Mugunskoye deposits in Irkutsk region. The mining is expected to begin in 2020. In 2021 the planned annual capacity of 2.5 million tons will be reached.…Details
The Primorye region stops exporting ferrous scrap and wastes through the seaports of Nakhodka and Vostochniy.
The new rules come into effect on July 22.
The scrap export limitation will be valid for 5 months.
So far this year Nakhodka customs has approved 95.5 thousand tons of scrap for exports. (Ukrainian metal)