3 new generation locomotives have joined the Stoylensky Mining and Processing Works railroad fleet. Their efficiency is 8% higher compared with previous models. The new machines have been purchased under a program to increase ore mining and processing from 37 to 42 million tons per year. All the locomotives have dump-cars with the capacity of…Details
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In 10 years Rusal has processed and sold over 50% of aluminum waste generated by its companies. The processing of alumina sludge accounted for some 10%, which made Rusal the major global processor. The group has a goal of selling all its wastes. Now Rusal is testing an innovative technique to process red sludge, the…Details
The department of the inner market protection of the Eurasian Economic Committee has decided to prolong the antidumping investigation on the imports of galvanized rolled metal from Ukraine and China. The investigation will run till December 28. The 5-year antidumping duty for Ukrainian products is recommended on the level of 23.9%, and for Chinese –…Details
Metinvest has decided to publish information on the operation of its Mariupol metal plants modernized mills. The first will be the data on average daily dust concentration from Mariupol Ilyich Iron and Steel Works sintering machines Nos. 7-9. This information will be daily provided to be posted on the site of the Donetsk Regional State…Details
Liquid copper spilled out due to a malfunction at a copper refinery Uraleketromed, a part of Ural Mining Metallurgical Company (UMMC), causing evacuation of 50 employees, the Sverdlovsk region’s Directorate of the Emergency Ministry said. “Liquid copper spilled out from a copper furnace on an area of 10 square meters, 50 people were evacuated from…Details
The combined gold production of companies in Magadan region rose by 21% YoY, to 36.1 tons in January-September, the region’s government said in a statement on October 22. The region’s Tenkinsky City District is the leading gold producer with an output of 14.5 tons. Production of alluvial gold amounted to 15.8 tons in the period,…Details
In January-September Promlit LLC, a major manufacturer of railroad car castings, increased average monthly output 3.3-fold YoY. The goal for the year presupposes the manufacture of 43,817 tons of castings. So far 33,831 tons have been produced, or 77%. Bulk castings constitute the lion’s share of the output. In September the company increased manufacture by…Details
Kerch Iron and Steel Works, situated in the Russia-annexed Crimea, has been forcedly reorganized from the state unitary enterprise into a joint stock company. Moreover, the company has been transferred under the control of the so-called Ministry of property and land relations. The ministry now owns 100% of the company. (Ukrainian metal)Details
In January-September Seligdar excavated 20.2 million cubic meters of rock, up by 33% YoY. Ore output totaled 9422 thousand tons, up by 2%, and sands grew from 100 to 166 thousand cubic meters. Gold manufacture went up by 15%, to 4870 kg. Gold sales grew by 28%, to 5019 kg. Sales revenue totaled 14.8 billion…Details
In January-September Rusolovo extracted 313 thousand tons of tin ore, up by 47% YoY. Ore processing grew by 62%, to 316 thousand tons. Tin concentrate manufacture increased by 72%, to 1,611 tons, more than in the whole 2018. Tungsten concentrate output totaled 59 tons, up by 49%. Tin sales revenue went up by 88%, to…Details
Seligdar has reached an agreement with a bank to pay interim dividends for January-September. “First, the issue will be mulled at the board of directors session, and after that approved at the extraordinary meeting of shareholders. The net profit for 9 months will serve as a source for paying dividends. The amount has to cover…Details
VSMPO-Avisma has a large-scale investment plan for 2020. It will be the first step of a new growth strategy to be carried out until 2026. Infrastructure and industrial safety will see the largest investments. In the corporation itself the most will be invested in the modernization of smelting furnaces. Instead of the disassembled Retec a…Details
Poltava Mining and Processing Works will increase its statutory capital by 62.3%, or by 1.19 billion UAH, by issuing additional shares. The National commission on securities and stock market registered the issue on October 18. As of July 31 PGOK statutory capital amounted to 1.9 billion UAH and was divided into 191 million shares with…Details