NLMK Lipetsk, the flagship site of NLMK Group, has supplied a trial batch of pre-painted steel with improved coating quality to leading white goods manufacturer LG Electronics plant in Russia. NLMK steel will be used to make washing machine bodies. The trial batch has been successfully tested at LG Electronics Rus plant in the Moscow…Details
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Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, will construct a solar power plant with the capacity of 5 MW. The company will finance the project without any state help, subsidies, etc. The electricity produced will be used for the own needs and for deliveries to the third parties. The solar panels will be…Details
In January-September Ukraine imported 3646.298 thousand tons of aluminum ore and concentrate (bauxites), down by 0.7% YoY, valued at $162.427 million, up by 11.5%. According to the State Fiscal Service, the main suppliers were Guinea (55.81%), Guiana (39.16%) and Brazil (1.8%). In 9 months Ukraine supplied 22 tons of aluminum ore to Poland valued at…Details
In January-September Ukraine decreased imports of nickel ore and concentrate by 13.4% YoY, to 973.595 thousand tons valued at $48.348 million, down by 11.2%. According to the State Fiscal Service, the main suppliers were Guatemala (45.31%) and Indonesia (54.69%). In 9 months Ukraine exported 7.999 thousand tons of nickel ore valued at $312 thousand (all…Details
According to its pessimistic scenario, this year Seligdar will extract 6165 kg of gold. But, according to the CEO on manufacture Nikolai Goncharov, the operation rate allows optimistically looking at the output level of 6.4 tons. The company was able to save on expenses. In particular, the usage of diesel fuel in mining has decreased…Details
In January-September Amur region extracted 19258.1 kg of gold, up by 10.6% YoY. 12771.8 kg accounted for ore gold, and the rest – (6486.3 kg) – for alluvial gold, up by 21% and down by 5% respectively. Malomyr, Pokrovsky and Albynsky mines of Petropavlovsk are the main gold extractors. Malomyr mined 2265 kg of gold,…Details
In January-September MMK decreased steel output by 1.7% YoY, to 9.392 million tons. Pig iron manufacture grew by 1.5%, to 7.409 million tons. Overall sales in 9 months dropped by 2.2%, to 8.535 million tons. HVA sales totaled 4.181 million tons, up by 2.6%. Their share increased to 49%. Sales of galvanized rolled metal went…Details
The property of the bankrupt Ulan-Udestalmost plant has been sold at the third attempt. For the minimal price – 528 million rubles – the company was bought by the sole participant of the auction – Mosty Baikala company. The previous two sales (at 839 million rubles and 755 million rubles) failed because of the absence…Details
In September Severstal Steel Ropes Volgograd subsidiary produced 2541 km of strands, setting another manufacturing record. The company is able to produce steel ropes with the diameter of 20 to 39 mm both according to GOST and EN. “For the past several years we have been carrying out a large-scale modernization of the steel rope…Details
During the official visit of the president Vladimir Putin to Saudi Arabia, ChTPZ Group has concluded a memorandum of cooperation with local corporations. In particular, the memorandum was signed with Lamar Saudi United Holding Company. Under the agreement the parties will determine terms and volumes of deliveries to the Near East, creation of a joint…Details
DCH Group intends to privatize the state enterprises United Mining and Chemical Company and Electrotyazhmash. The company will participate in privatization if the authorities take the corresponding decision. “We are interested in the development of Ukrainian industry, while the announced objects of privatization will get new prospects of development due to the synergy with other…Details
The Cabinet of Ministers has approved of amendments to the state budget in 2019, having provided 1 billion UAH to pay salary to miners. In particular, 120 million UAH is envisioned to clear salary debts to Lisichanskugol miners. Earlier it was reported that some mines stopped operation over the non-payment of salary to the employees.…Details
In January-September NLMK decreased steel output by 9% YoY, to 11.9 million tons. In Q3 output dropped by 6%, to 3.7 million tons. Sales in 9 months remained almost unchanged – at 12.9 million tons. Rolled metal sales grew by 2%, to 8.31 million tons, and high added-valued products sales also by 2%, to 3.88…Details