Norilsk Nickel and Russian Platinum have signed an agreement in the framework of the Arctic Palladium joint venture. The agreement to create the joint venture on the basis of Taimyr platinum deposit was signed in February 2018. At that time Interros owner Vladimir Potaniun estimated his investments in the project at 250 billion rubles. In…Details
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Severstal-Metiz is commissioning a new site to produce stabilized reinforcement strands. Investments total 400 million rubles. The project aims to increase strand manufacture by 1800 tons per month. Thus, the company capacity will reach some 5 thousand tons of reinforcement strands per month. (Ukrainian metal)Details
In 2019, MMK’s shipments of rolled steel to the domestic market, including the CIS countries, exceeded 9.7 million tons – a record for the entire post-Soviet history of the company. The plant set its previous record for shipments to the domestic market in 2014, with 9.588 million tons. Over the past 25 years, MMK has…Details
Ukrainian President Volodymyr Zelensky has promised to develop and discuss with the public the plans to reform and modernize coalmines. He stated this at a meeting with employees of the Mezhyrichanska coal mine of the Lvivvuhillia state enterprise in Chervonohrad on February 6. “First there will be plans, then we will discuss them with the…Details
This year Ukraine will fire 28 thousand miners working at state enterprises. “I want to warn Ukrainian miners and trade unions. According to my information, this year some 28 thousand state miners will be fired. This will affect 100 thousand people in related industries”, the head of the Radical Party Oleg Lyashko has declared. The…Details
The department of subsoil use of the Far Eastern Federal District has deregistered the license issued to the Priargunskoye Manufacturing Mining and Chemical Enterprise, a part of ARMZ, on prospecting and extraction of manganese at the Gromovskoye deposit in Zabaikalye region. The license was deregistered on January 31 due to its expiration. The license was…Details
Svetloye, developing a deposit of the same name in Khabarovsk region, in Q4 2019 increased gold output by 14% YoY, to 824 kg. In the entire year the company yielded 4.15 tons of gold. The growth in the output is due to the system of winter watering of ore piles. The company starts watering ore…Details
In 2019 Khabarovsk region set a new historical record of gold output. Thus, last year the region yielded 25.2 tons of gold, up by 1.7% YoY. Last year the mining industry of the region paid 6.8 billion rubles of taxes, up by 13%. (Ukrainian metal)Details
The smelting shop of Kirov Non-Ferrous Metals Processing Works has started modernizing the casting machine of the ILK-1.6 furnace No. 4. The process will be finished until the end of the year. Investments total 8.4 million rubles. The smelting machine will receive a casting machine to produce bulk ingots with the rectangular shape of 300…Details
Evraz ZSMK has produced over 950 tons of rolled metal for construction of the Kuzbass sports palace in Kemerovo. The metal was delivered by Evraz Metal Inprom Kemerovo subsidiary. The sports building will be built entirely of Evraz metal. Evraz NTMK flanged beams will also be used in the construction. (Ukrainian metal)Details
Oskol Electrometallurgical Works has assembled abrasion cutting machine in the rolling shop No. 2. The new machine has been assembled at the first cutting line of the rolling mill-350. The first batch of products has already been shipped to the customer. The assembly of the machine supplied by Braun Maschinenfabrik GmbH (Austria) started in November…Details
Metalloinvest has announces the pricing of its BO-04 series bonds for a total amount of 10 billion rubles through a public offering. During the book building, investors placed 38 orders that resulted in the issue being oversubscribed more than 3-fold. Following the book building, the coupon rate has been set at 6.55% with an initial…Details
Yuliya Chermazovich has been appointed a Director of HR Department of ArcelorMittal Kriviy Rih. In this position, she directly reports to CEO of the company. Responsible for the implementation of HR strategy, she takes care of keeping and motivation, training and development of employees, engagement of employees of key specialties in difficult market conditions, promoting…Details