Sibcable has commissioned two new high-speed twister machines. The total cost of the project is 320 thousand euros. The new machines will be operating in the shop No. 6, which produces mine and excavator cables, as well as power cables of ordinary usage. Their capacity is 5 times higher than that of the other machines…Details
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The Buryatzoloto board of directors has again decided to change its daughter company Zun-Kholba LLC statutory capital. The company owns a license to develop the Zun-Kholbinskoye deposit in the Republic of Buryatia. In particular, the statutory capital will increase from the current 10 thousand rubles to 277.563 million rubles. In September the board decided to…Details
Mechel-Service has supplied some 4.5 thousand tons of rolled metal for the construction of a bridge over the Samara River. The first stage of the 6-lane Frunze Bridge with the length of 670 meters will be opened in December. In construction rebars and beams manufactured at Chelyabinsk Iron and Steel Works have been used. Mechel-Service…Details
In January-November Amur region extracted 24.284 tons of gold, up by 12.4% YoY. In particular, ore gold output reached 15.8 tons, up by 21%, and alluvial gold – 8.483 tons, down by 1%. Petropavlovsk Group was the main extractor of gold, having provided for the output of 13.13 tons. In January-November 2018 Amur region extracted…Details
The chairman of the State Duma Vyacheslav Volodin and the Saratov region governor Valeriy Radayev have visited the metal works in Balakovo. Its capacity is over 1 million tons of bars per year. Next year the region will be able to spend 50% of its funds on development of manufacture and infrastructure. In particular, Balakovo…Details
EvrazMetal Sibir LLC has been reorganized by merging with Evraz Metal Inprom. Now the company is represented on the territory of Russia by a single entity – Evraz Metal Inprom, at the same time all the subsidiaries, as well as their contact information remain the same. All the EvrazMetal Sibir obligations to clients and partners…Details
Last week the price of one ounce of gold increased by 20.3 manats ($11.9) or by 0.8%. Accordingly, the average price of one ounce of gold stood at 2,499 manats ($1,470). The price of one ounce of silver grew by 0.117 manats ($0.06) or by 0.4%, to 28.8 manats ($16.9). The price of one ounce…Details
In January-November metal companies decreased ferrous metals export revenue by 10.5% YoY, to $8.22 billion. According to the State Fiscal Service, ferrous metals accounted for 17.88% of all export revenue, down from 21.22% last year. In particular, in November exports revenue reached $596.68 million, down from $683.34 million in October and $694.05 million in November…Details
This year the state enterprise Toretskugol expects to receive 520 million UAH of losses and next year – some 314.6 million UAH. According to the company CEO Vladimir Yukhimenko, Toretskugol is the only state enterprise to mine coking coal. Still, its main problem is sales. Since March some 85 thousand tons of coal valued at…Details
In November Yuzhniy Mining and Processing Works decreased concentrate output by 10.1% YoY, to 949.4 thousand tons. The company did not produce sinter last month. In January-November UGOK produced 11.295 million tons of concentrate, up by 0.3% YoY. (Ukrainian metal)Details
Ukrzaliznytsia (Ukrainian Railways) continues preferring Russian transit cargo to local transportation, the letter of the Poltava Mining and Processing Works commercial director Dmitry Spatar to the minister of infrastructure Vladislav Krikliy says. “Despite the promise to decrease the volume of transit cargo from 240 thousand tons to 40 thousand tons, an increase of transit cargo…Details
The Commercial Court of Kyiv has cancelled the decision of the Antimonopoly Committee of Ukraine dated April 25 of a fine of 55 million UAH on the TAS Group of Companies, belonging to Sergey Tigipko, for the violation of legislation on the economical competitiveness protection while purchasing Dneprometiz shares. The corresponding decision for the suit…Details
European banks will be able to provide Black Iron with a loan of $250-300 million for the construction of a mining and processing works at the Shimanovsky ore massive near Kriviy Rih. The banks have not been named. Black Iron has been engaged in the GOK construction for almost 10 years – the asset was…Details