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Norilsk Nickel has reevaluated the reserves of the Bystrinskoye deposits in the Zabaikalye region. According to a company representative, combined ore and metal reserves increased by 10-25%. After the reevaluation copper reserves have increased by 11%, to 2.3 million tons, gold by 25%, to 9.5 million ounces. (Ukrainian metal)
DetailsChelyabinsk Iron and Steel Works has produced 500 thousand tons of rails since its rail-beam mill has started operating. Most of the rails – some 90% – were sent to the Russian Railways. In 2016 the Railways received 270 thousand tons of rails, this year it is planned to supply 330 thousand tons. ChMK rails…
DetailsThe president of Ukraine Petr Poroshenko has signed the decree No. 6382 to prolong for a year the export duty on ferrous scrap in the amount of 30 euro per ton, earlier adopted by the Verkhovnaya Rada. According to the VR committee on industrial policy chairman Victor Galasyuk, thus an additional margin of safety was…
DetailsEmployees of the iron ore mine “Artem-1”, a part of the ArcelorMittal Kriviy Rih mine group, demand the increase of their wages to 1 thousand euro. According to the local mass media, several dozens of miners attended the meeting demanding the salary increase from the company management. They also want their medical expense to increase.…
DetailsVolnogorsk Mining and Metallurgical Combine has ordered the Imex Minerals LLC services on its territory and on the East site of Malyshev deposits valued at 42.86 million UAH. The auxiliary machines services will cost 30.58 million UAH this year. 12.29 million UAH will be spent on removing a layer of soil (350 thousand cubic meters)…
DetailsThe State Service of Geology and Subsoil of Ukraine has stopped the special licenses to use subsoil at DTEK Sverdlovskantrazit, DTEK Rovenkiantrazit and DTEK Komsomolets Donbassa, seized by the Russia-supported militants, until the antiterrorist operation is over. The licenses have been stopped based on the letters of the above-mentioned companies. On March 15, DTEK announced…
DetailsAccording to the Russian Railroads, in January-July the company transported 727.3 million tons of cargo, up by 3.3% YoY. In particular, the railroads transported 206.1 million tons of coal, up by 9.8% YoY, and 8.5 million tons of ferrous scrap, up by 2.4%. At the same time transportation of coke decreased by 1.6%, to 6.5…
DetailsIn July Russian manufacturers increased local prices on rebars by 5-9%. One of the main factors, which will determine rebars price in August, will be the shortage. Most of the traders have low stocks of rebars now, especially of lesser size rebars. That is why manufacturers will be able to insist on price increase. September…
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