Gazprombank and Asaka Bank signed a co-financing agreement to fund important investment projects, including a metallurgical plant not far from Tashkent. The plant will produce cold-rolled sheets with and without coating. The EUR 280-million project will be launched in the coming months so the plant could be put into operation in 2019. The Tashkent metallurgical…
DetailsForeign investors plan to construct a new foundry in Lviv region. According to the press service of the Lviv regional state administration, the regional governor Oleg Sinyutka and the representatives of the investors discussed the possibility of constructing a works to produce aluminum castings. Fundicao de Evora, a joint venture of Aluthea and Schreder, will…
DetailsOdessa region witnesses 50 cargo trains on halt at the ports because of the absence of locomotives. According to the people’s deputy from the opposition Alexander Vilkul, the mining and processing works of Kriviy Rih cannot export their products. “Following the previous halt (March 20) 55 thousand tons of iron ore raw materials were not…
DetailsIn 2016 Chasov Yar Refractory Works received 38.098 million UAH of net profits, down by 8.8% YoY. According to the company statement, its undistributed profits reached 254.308 million UAH. Last year the works current liabilities decreased by 4.1%, to 21.466 million UAH, fixed – by 13.9%, to 10.687 million. At the same time its accounts…
DetailsThe Buribay Mining and Processing Works, a part of UMMC, has bought new loading machines. The miners have received a backhoe loader, dump trucks, as well as lighter vehicles. The cost of the new machines is 16 million rubles. At present Buribay GOK yields some 200 thousand of copper ore per year, but when it…
DetailsThe employees of the Kireyevsky Works of Light Metal Structures have addressed the Tula region governor Alexei Dyumin informing him of a 3-months salary debt. According to the minister of labor and social protection of the Tula region Andrei Filippov, as of March 17, KZLMK had salary debts only to 12 employees, who had quitted…
DetailsIn 2016 Ufaleinickel received 11.04 billion rubles of net losses, up 4.7-fold YoY. It should be noted, that in 2014 the company received 186 million rubles of net profits. Ufaleinickel’s revenue in 2016 dropped by 16% YoY, to 6,324 billion rubles. Sales profit was negative – 1.05 billion rubles of losses against 822 million rubles…
DetailsEnergomashspetsstal has produced and shipped a batch of products to Vitkovicke slevarny, spol. s.r.o. The contract to produce 2 rolls with the total weight of 28 tons was signed in January. The products manufactured are intended to be used in specialized metallurgical machinery. The rolls have been manufactured in full accordance with the customer specifications…
DetailsArcelorMittal Temirtau will invest around 3 billion tenge into the reconstruction of its sintering machine No. 6, scheduled to commence this month and finish in June. The project presupposes the increase of the machine efficiency by 30% and the improvement of the labor conditions. This project is just one of the steps to increase sintering…
DetailsEnergomashspetsstal has produced machinery for the fourth block of the Indian Nuclear Power Plant “Kudankulam”. According to the company statement, it has produced 361 units of equipment. The total weight under the contract is 3.952 thousand tons. The company has produced metallurgical billets for steam-generators, pressurizers, main reactor coolant pipe, main circulation pump, etc. (Ukrainian…
DetailsIn 2016 Krasnoyarsk Aluminum Works invested 1.135 billion rubles into ecological modernization, with 1 billion rubles to be invested in 2017. For the past several years the main goal of the company was to start producing highly technological wares from aluminum produced without increasing the metal output volumes. Thus the works has been modernizing its…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, hit several historical output highs in March. In particular, the blast furnace shop produced over 370 thousand tons of pig iron, the highest volume since 2009. Steel smelting in the oxygen-converter shop reached 350 thousand tons, which was an absolute record since the shop’s putting into…
DetailsMetinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…
DetailsMetinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…
DetailsDTEK Burshtyn TPP has imposed limitations on coal deliveries from state mines. According to the minister of energy and coal industry Igor Nasalik, there is no shortage of G and D grade coal, mined in the western regions, but there could be problems with sales. “Gas-coal stocks increase each day”, he noted. On March 31,…
DetailsThe Federal Antimonopoly Service has stopped investigation in Mechel, Severstal and Evraz alleged increase of rebars prices. Last summer constructors and machine-builders applied to FAS as to the drastic increase in metal prices, in particular, of rebars (by 34-103% from December 2015 till May 2016). The service started investigating the matter in July 2016, suspecting…
DetailsIn January-March UGOK produced 3.038 million tons of iron ore concentrate, up by 11.9% YoY.
According to the company statement, iron ore sinter production increased by 14%, to 450.8 thousand tons.
In March UGOK produced 1.05 million tons of concentrate, up by 13.4% YoY, sinter output dropped by 12.9%, to 111.9 thousand tons. (Ukrainian metal)
The UMG Resource company, which specializes in industrial waste management, in 2016 increased its revenue from the sales of ash-slag materials by 47.5% YoY, to 149 million UAH. Sales of ash-slag materials (fly ash, wet fly ash, slag, ash slag) increased by 38.7%, to 480,000 tons. Products were dispatched from the DTEK’s thermal power plants…
DetailsThe Prime Minister of the Republic of Tatarstan Ildar Khalikov has met the representatives of the Gemont company (Turkey) and discussed the prospects of further cooperation. In particular the parties discussed the creation of a metallurgical works to produce rolled sheet. The project has been developed by Gemont, which specializes in manufacture and assembly of…
DetailsIn 2015 the state enterprise Vostochniy Mining and Processing Works increased uranium concentrate output by 5.8% YoY, or by 54 tons, to 980 tons, in 2016 – by 2.6%, to 1005.1 tons. The Ministry of energy and coal industry expects that in 2017 VostGOK will increase concentrate output by 21.5% YoY, or by 215.9 tons,…
DetailsIn 2016 the state enterprise Vostochniy Mining and Processing Works increased its net profits 37.2-fold YoY, or by 480.617 million UAH, to 493.891 million UAH. According to the Ministry of energy and coal industry, the company net income in 2016 dropped by 5.8%, or by 164.107 million UAH, to 2680.422 million UAH, while its bulk…
DetailsIn the first quarter of 2017 Ukraine decreased carbon steel output by 7.9% YoY, to 5.596 million tons. This is the minimal level since March 2015. Pig iron manufacture dropped by 13.6% YoY, to 5.054 million tons, that of rolled metal – by 8.1%, to 4.909 million tons. Metallurgical coke output decreased by 21.4%, to…
DetailsRussian Copper Company (RCC) intends to invest 670 million rubles to boost production at its Kyshtym copper and electrolytic facility, the company said in a statement on April 3. A project to upgrade the copper electrolysis unit will be finished in January 2018 and will need 380 million rubles of investment while 288 million rubles…
DetailsUkraine seeks to import 2.5-3 million tons of anthracite from the United States, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “We have received information that we can supply around 2.5-3 million tons of coal from the United States. I as minister has sent a letter to the U.S. Department of State asking…
DetailsIn March Zaporizhstal produced 325 thousand tons of steel, up by 9.2% YoY. According to the company statement, pig iron output increased by 6.7%, to 286.5 thousand tons, rolled metal – dropped by 3.1%, to 273.3 thousand tons. In Q1 Zaporizhstal produced 825.5 thousand tons of pig iron, 944.5 thousand tons of steel and 790.3…
DetailsThe Amur artel has decreased its output plan because of the thinning of deposits. This year the new platinum output target is 1400 kg, down from 1526 kg in 2016. The constant decrease in Konder deposits output has been observed for several years. In 2014 the artel yielded 3794 kg of platinum, in 2015 –…
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