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Metinvest is prepared to transfer 4 billion UAH for the development of the Pokrovskoye Mine Group having purchased a control stake in the company. When Metinvest bought 24.9% in the company in H2 2018, investments poured into it, which made the company profitable. “700 million UAH were provided in 2019 to buy new machinery. The…
DetailsRussian Copper Company plans to raise annual investment in its copper smelter Karabashmed by 55%, to 5 billion rubles in 2019, President Vsevolod Levin has reported. “Within 15 years of work at Karabashmed, we have invested more than 22 billion rubles in the development and improvement of environmental safety of the copper smelting production. Regarding…
DetailsThe State Bureau of Investigations is suspecting the employees of the state enterprise Selidovugol and its separate division of the Mine 1-3 Novogrodovskaya in embezzling state funds while mining coal on the rented coalfields. In 2012 the Mine 1-3 Novogrodovskaya LLC received coalfields of the state mine for 20 years. The company has concluded an…
DetailsCentral Mining and Processing Works was the first in Ukraine to install ceramic filters at the processing site. The new vacuum filters are a part of a large-scale project to produce DRI pellets. Investments in modernization amounted to $5 million. The new equipment will allow decreasing the prime cost of natural resources processing. Ceramic filters…
DetailsJudging from the Cabinet of Ministers decree dated February 17, the government is worried about the quality of rolled metal used in construction. There are 177 companies in the country manufacturing metal products for construction. Flaws have been found out in their operation that affect the safety of steel products. In particular, they are the…
DetailsIn 2019 KAZ Minerals increased EBITDA by 3.4%, to $1.355 billion. Sales grew by 5%, to $2.266 billion. The group sold 317 thousand tons of copper and 225 thousand ounces of gold. Profit last year increased by 12%, to $571 million. Net debt went up to $2.759 billion. (Ukrainian metal)
DetailsZlatoust Iron and Steel Works has finished hot tests of its new Danieli integrated forging machine. The machine is expected to increase company competitiveness on the special steel market. The new machine can produce forged billets with the diameter of 100 to 800 mm and the length of up to 10 meters. The maximum weight…
DetailsIn 2019, MMK and Lysva Iron and Steel Works increased sales by 8% YoY, to 8.3 million tons. Hot-rolled metal accounted for 48% of sales, shapes – 17%, cold-rolled metal – 11%, galvanized metal – 14% and polymer-coated metal – 5%. The main customers were pipe enterprises (31%) and metal traders (32%). Machine-building companies accounted…
DetailsIn January Kuzbass pits yielded 10.6 million tons of coal (13.3 million tons in January 2019) and mines – 7.4 million tons (6.9 million tons). Coking coal accounted for 6.4 million tons (6.4 million tons), while power-generating coal – 11.6 million tons (13.8 million tons). 16.8 million tons of coal were transported via railroad (19…
DetailsIn 2019 Russia supplied 558.6 thousand tons of rolled steel and pipes to Ukraine, down by 13.4% YoY. Until 2014 the deliveries were 2 times higher. Flat rolled metal accounted for 46% of exports, down by 15.2%. Deliveries of sections dropped by 10%, to 36.7%. Exports of steel pipes fell by 18%, to 39 thousand…
DetailsIn December 2019 Russia imported 338.3 tons of ferroniobium, down by 11% MoM and by 16% YoY. In 2019 imports totaled 4.8 thousand tons, up by 3% YoY. In monetary terms imports remained unchanged at $100 million. Price in December 2019 grew by 5%, to $22.2 per kg. (Ukrainian metal)
DetailsIn 2019 Russky Ugol sold over 13.5 million tons of coal, up by 1 million tons YoY. Deliveries to the domestic market grew by 5%, while exports – by 26%. The coal is mined in Amur and Krasnoyarsk regions, as well as in Khakasia. Russky Ugol comprises 7 coal pits employing over 4.3 thousand people.…
DetailsRussia’s output of unrefined and semi-refined or powder platinum and platinum group metals fell by 54.8% YoY and by 73.4% MoM in January, the Federal State Statistics Service said without disclosing absolute figures. Silver output fell by 37% MoM in the period. (Prime/Ukrainian metal)
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