The development of the Amulsar gold deposits is the largest investment project of Armenia. Total investments in the project will reach some $370 million. 570 builders are involved in the construction work, with 280 being locals. The mine will create 700 jobs. The project started in August 2016, while preliminary work began in 2006. The…
DetailsArcelorMittal Temirtau has put into operation 4 new heading machines at its mines. In particular, the machines were sent to the Abaiskaya, Kazakhstanskaya, Shakhtinskaya and Kostenko mines. The total cost of the heading machines exceeded 650 million tenge. This year the company plans to invest even more in the development of all its 8 mines.…
DetailsAccording to the analytical center of the Ukrainian Mining and Metallurgical Company, in January-March Ukraine received 1 million tons of rolled metal (1.1 million tons with pipes), up by 10.2% YoY. Imports increased by 5.4%, to 0.16 million tons. The share of imports decreased to 16.7% from 17.5% in Q1 2016. The delivery of angles…
DetailsRussian gold-mining company Polyus has signed an agreement to sell 10% (12.56 million) shares to the Consortium of investors chaired by Fosun International Ltd. The price of the purchase is $70.6 per share. Within the agreement the company has also provided the Consortium with an option to buy additional 5% of shares at $77.66 per…
DetailsSeverstal has been selected the supplier of rolled metal till August to Renault-Nissan. The Cherepovets Iron and Steel Works sheet will be used in production of cars. “In 2016 CherMK put into operation a cold-rolling mill, which would improve the quality of the cold-rolled metal and would produce wider sheet”, Severstal Management sales director Evgeniy…
DetailsIn May Ukraine produced 1.689 million tons of steel, up by 7.5% YoY. According to Ukrmetallurgprom, pig iron output increased by 10.2%, to 1.591 million tons, that of rolled metal – by 6.3%, to 1.424 million tons. Average daily steel manufacture in May was 54.5 thousand tons, up from 52.4 thousand tons in April. Average…
DetailsIn May Zaporizhstal produced 325.2 thousand tons of steel, down by 11.2% YoY. According to the company statement, pig iron output dropped by 17.1%, to 285.5 thousand tons, that of rolled metal – by 12.3%, to 272 thousand tons. The decrease of output is the result of the shut down of the blast furnace No.…
DetailsAt an Annual General Meeting held on May 31 in St. Petersburg, members of the Russian Steel Association elected the Chairman of the Board of Directors of NLMK Group Vladimir Lisin their new President. Lisin will preside over the Association for the next two years. Anatoly Sedikh, Chairman of the Management Board of OMK, was…
DetailsMetinvest-Resource, a scrap supplier of Metinvest companies, Interpipe Nizhnedneprovsk Pipe Works and ArcelorMittal Kriviy Rih have won tenders, organized by Ukrzaliznytsia to sell 84.5 thousand tons of scrap. AMKR won 38 thousand tons of scrap, having offered 193 million UAH (5080 UAH per ton). Metinvest-Resource bought 24 thousands tons of scrap for 114.72 million UAH…
DetailsAlexander Yaroslavsky’s DCH Group has taken over the management of Evraz Sukhaya Balka and appointed Vitaly Bash its new CEO. “We will do our best to make Sukhaya Balka develop. There will be no sharp actions, but we still intend to implement some novelties that we have devised at DCH”, Yaroslavsky said. The next several…
DetailsIn 2016 the world top-10 steel manufacturers remained the same. The main steel manufacturers now are in the Asian region, with 5 in China, 2 in Japan, and 1 each in South Korea and India. The leader is ArcelorMittal (Luxembourg) with 95.45 million tons of steel produced in 2016. Russian companies were able to reach…
DetailsIn January-April the republic of Buryatia mined 1177.5 thousand tons of coal, up by 50.8% YoY.
According to the regional ministry of natural resources, the increase was the result of the coalmining start at Nikolskoye deposits of Tugnuysky open-pit in June 2016. (Ukrainian metal)
The state enterprise Ukrpromvneshexpertisa forecasts that in June ferrous scrap deliveries to metal companies will decrease by 13.53% MoM, or by 36 thousand tons, to 230 thousand tons. “In April 266 thousand tons of scrap were delivered to the works. I believe both traders and procurers tried to sell as much scrap as possible, as…
DetailsIn April global pig iron output increased by 5.3% YoY, to 100.77 million tons. The world leader was still China with 62.58 million tons, up by 7.1% YoY. Japan produced 6.514 million tons of pig iron, India – 5.535 million tons, Russia – 4.405 million tons, South Korea – 3.45 million tons, Germany – 2.553…
DetailsPJSC ArcelorMittal Kriviy Rih is a leader of “Transparency Index” rating among the largest companies of Ukraine in 2016, sharing the first position with DTEK company. In total 100 largest companies of the country took part in the rating. Rating, complied by the Center of CSR Development, distinguishes the level of transparency and available access…
DetailsIn January-April the Belarus Iron and Steel Works exported 578,900 tons of metal products worth $283.4 million. In monetary terms the export growth rate totaled 142.7% YoY, the company’s Press Secretary Alexander Olesik declared. The company reported the largest increase in the export of seamless hot-rolled pipes (190.8%) and fasteners (140.2%). Thanks to the active…
DetailsIn 2017-2026 the Kazakhmys Corporation intends to mine over 300 million tons of ore and produce 2.6 million tons of copper cathodes. “We mine over 29 million tons of ore per year and produce 1 million tons of concentrate, 226 thousand tons of cathodes, 3616 kg of gold and 251 tons of silver. And these…
DetailsIn January-April Mariupol Ilyich Iron and Steel Works produced 3.017 million tons of sinter, up by 17.8% YoY. In April sinter output totaled 850 thousand tons, up from 827 thousand tons in March. According to the company CEO Yuri Zinchenko, daily the sintering factory produces 33 thousand tons. “On May 10 the repairs of the…
Details4 individuals have acquired 99.5% of Kondratyevsky Refractory Works shares. In particular, Sergey Petrov, Hennady Lobanov and Dmitry Stepanov as well as another individual have purchased 24.898%, 24.93%, 24.78% and 24.9% of shares respectively. Petrov is the supervisor board chairman, and both Lobanov and Stepanov its members. In 2016 the works received 10 thousand UAH…
DetailsIn addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…
DetailsThis year Dneprovsky Iron and Steel Combine, a part of ISD, intends to produce 2.935 million tons of pig iron and 3.099 million tons of steel, up by 51.3% and by 57.6% YoY respectively. Sinter output is expected to increase by 37%, to 4.528 million tons. In 2016 DMK produced 1.94 million tons of pig…
DetailsIn April Pervouralsk Pipe Works shipped 77.1 thousand tons of steel pipes via railroad, up by 6.8% MoM and by 8.8% YoY. In March sales increased by 6.5% MoM and by 22.4% YoY. In April the company supplied 65.5 thousand tons of pipes to the local market (up by 7.6% MoM and by 0.3% YoY)…
DetailsRussia has enough coking coal for 25 years, the minister of energy Alexander Novak declared.
“Industrial stocks of operating enterprises as of January 1 totaled 1.183 billion tons. Last year we mined 43.694 million tons. Thus we have enough coking coal for 25 years”, he said. (Ukrainian metal)
United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…
DetailsMetallinvest-Ufa supplies rolled metal for one of the largest housing construction project of the city for the past years. The Planet district will have blocks-of-flats, a kindergarten for 270 children, a school for 1200 students and a stadium. The company has also participated in the construction of the Kronospan works, having supplied 2 thousand tons…
DetailsIn January-March Mechel increased steel output by 8% YoY, to 1.121 million tons. According to the company statement, pig iron output went up by 4%, to 1.046 million tons, flat rolled metal manufacture increased by 20%, to 153 thousand tons, bars – dropped by 4%, to 705 thousand tons. The production of beams, rails and…
Details