At least 25 million soms are needed to launch Dzhergalan mine, MP Maksat Sabirov said on February 22 at a session of the Parliament. According to him, the company has no collateral, so it is not issued a loan for development. “If the mine starts working, many people will get a job. I ask you…Details
Rosterminalugol (a part of Port Management Company), the largest specialized state-of-the-art coal terminal in the European part of Russia, reached on February 20 the 3-millionth ton mark from the beginning of this year, the stevedoring company said. The third millionth ton was loaded to the Panamax dry bulk carrier Indigo Ace. The M/V Indigo Ace…Details
The refining shop of Kola Iron and Steel Works has started commissioning of the new technology to clear shop dust of lead. This is a part of the investment project on unique nickel manufacture technology of arc-extraction. Instead of smelting nickel anodes the company will use nickel powder from tube-type furnaces. The cost of the…Details
Tochinvest ShZMK (Shadrinsk Metal Structures Works) has opened a shop of dip galvanizing. The company manufactures products for power, industrial and social construction. “This is one of the most environmentally clean enterprises”, the Kurgan region governor Alexei Kokorin believes. “As to the output, this year 12 thousand tons are expected”. The region provided the company…Details
The Prime Minister of Ukraine Vladimir Groysman demands from the minister of energy and coal industry Igor Nasalik to remove the so-called watchers from the state coal enterprises. “Private mining is doing fine. While the state not. Why? Because of the parasitic watchers. So let’s make government seek for finances and you just get them…Details
The minister of energy and coal industry Igor Nasalik criticizes the Ministry of Finances and state banks for not providing loans to state mines under state guarantees. “Unfortunately, I know how state banks finance Ukrainian economy. I have experienced this when preparing state guarantees for the coal industry financing”, he said. Earlier the ministry informed…Details
Coal producer Kolmar plans to invest about $2 billion in a plant on the territory of accelerated development Southern Yakutia and a terminal in the free port of Vladivostok until 2021, CEO Sergei Tsyvilyov declared on February 21. Construction of the Inaglinsky plant comprising an enrichment facility and three mines will require 62 billion ruble…Details
The state enterprise Selidovugol has ordered the individual entrepreneur Georgy Kacheyshvili the delivery of shaft props valued at 24.76 million UAH. The entrepreneur will have to supply 13780 cubic meters of wooden props. The average price of the props is 1900 UAH per cubic meter. Last year Universal Invest-Story LLC supplied such props at 1300…Details
Energomashspetsstal will supply a new batch of rolls to ArcelorMittal Kriviy Rih.
The batch with the total weight of 78.96 tons will consist of 13 rolls.
The delivery is scheduled for Q2 2018.
The contract was concluded in 2016.
The companies have been cooperating since 2011. (Ukrainian metal)
Severstal has selected suppliers of the main machinery for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works with the capacity of 2.9 million tons of pig iron per year. Under the contract Danieli Corus B. V. (the Netherlands), Paul Wurth S. A. (Luxembourg) and TMT GmbH (Germany) will design,…Details
Delta LLC has acquired the property complex of the insolvent Rostov Coal Company LLC, a part of Zaporizhstal (Ukraine), for 50 million rubles. The initial price was 309.9 million rubles. Rostov Coal Company was created within the 6.9-billion rubles project to construct the Bystryanskaya 1-2 mine in Rostov region to supply cheap blast furnace coke…Details
In January Sukhaya Balka produced 218 thousand tons of iron ore, up by 2.8% MoM. Last January the works did not mine ore because of the absence of license. On November 7, 2017 the company license was prolonged for 20 years. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2%…Details
In 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…Details
The actual economic impact of the implementation of proposals at the Magnitogorsk Iron and Steel Works in 2017 amounted to 599.3 million rubles. This is 2.5% higher than in 2016, when the economic impact of proposals was 584.5 million rubles. The largest contribution to the savings achieved was 356.3 million rubles, made by rolling production.…Details
Russian gold producer Polymetal International has signed the first sales contract for its Kyzyl field in Kazakhstan and will sell gold concentrate to a partner that has been buying much gold concentrate from the Maisky field for over two years, the company said in a statement on February 21. The partner will buy at least…Details
PJSC ArcelorMittal Kriviy Rih started the hot tests of sinter machine No. 5 after its modernization. It was performed as part of the company investment program on modernization of the Sinter Plant No. 2 and improvement of environmental indicators. During modernization of sinter machine No. 5, gas-cleaning plant of wet type was replaced by the…Details
The state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…Details
Last year Kazakhstan increased ferrous metals output by 37.8% YoY, to 1.55 trillion tenge. Karaganda region (42.3%), Pavlodar region (31.5%) and Aktyubinsk region (19.1%) accounted for the most part of the output. Flat rolled metal output grew by 2.2% YoY, ferroalloys – by 7.2%, raw steel – by 9.4%, alloyed steel rods – by 26.2%,…Details
In 2017 Kazakhstan mined 242.7 billion tenge worth of iron ore, up by 25.9% YoY. Kostanay region accounted for over 88% of the total volume (214.4 billion tenge, up by 23.4%), Karaganda region – 10.3% and Akmola region – 1.1%. ArcelorMittal Temirtau (Orken LLC) operates in the main “iron ore” regions – it is the…Details
Far Eastern Natural Resources LLC (FENR), a daughter company of the Indian power group Tata Power, has won the auction to develop the Krutogorovskoye deposits of coal in Kamchatka. The company offered the highest price – 264.88 million rubles. The deposit was discovered in 1934. Its reserves are estimated at 300 million tons of coal.…Details
This year Vysochaishiy (a part of GV Gold) intends to reach gold output of 300 thousand ounces (9 tons). According to GV Gold chairman Sergey Dokuchaev, Taryn GOK in the Republic of Sakha and Ugakhan GOK in the Irkutsk region will contribute the most to this growth. Taryn GOK was put into operation in September…Details
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY, or by 1 million tons.
According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9% YoY, to 2.1 million tons, and that of coking coal – by 2.95%, to 559 thousand tons. (Ukrainian metal)
The management of the Russian steelmaker NLMK will recommend dividends for October-December 2017 higher than encompassed by the company’s dividend policy, CEO Oleg Bagrin declared on February 20. “Certainly, recommendations will be higher than encompassed by the dividend policy,” he said. Under the dividend policy updated in 2015, NLMK can pay from 50% of the…Details