In January-August Lermontovsky Mining and Processing Works produced 235 tons of tungsten concentrate. The company employs 240 locals from the Svetlogorye village. In April LGOK resumed operation after a scheduled shut down. Since February the company has been assembling new machinery. Last year LGOK received 250 million rubles from the regional budget to resume operation.…
DetailsSignify (previously Philips Lighting) has modernized lighting systems at three Metalloinvest enterprises: Lebedinsky and Mikhailovsky Mining and Steel Works as well as Oskol Electrometallurgical Works. All in all the company has replaced over 5 thousand lamps in 15 shops. As the result of the second stage of the large-scale program to modernize lighting at Metalloinvest…
DetailsA record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) was achieved at the electric steel smelting shop at Magnitogorsk Iron and Steel Works (MMK). Periclase carbonaceous refractories within the lining of THF No. 32 withstood three full months and 1,265 melts. The previous highest indicator…
DetailsEnergomashspetsstal has successfully fulfilled a contract to supply supporting rolls to a major Chinese metal company Anyang Steel. Under the contract EMSS has shipped two heavyweight supporting rolls with the combined weight of 230 tons. The rolls will be used in the hot-rolling plate mill-3500. The successful fulfillment of the order will allow EMSS receiving…
DetailsIn early September Ukrzaliznytsia announced a tender to buy tyres for rolling stock valued at UAH 47.7 million. Two companies participated – Interpipe Ukraine and Intervtorprom. Neither decreased their offers, thus raising suspicion. Journalists of the “Railroad without corruption” project found out that the companies often participated in such trades. This time all the documents…
DetailsKarabashmed is completing the assembly of the machinery of the third oxygen station. The new shop is being constructed under the program to modernize the chemical and metallurgical complexes of the enterprise and will increase Ausmelt furnace output. The capacity of the new oxygen station will be 5 thousand cubic meters per hour. The main…
DetailsBerezitovy Rudnik LLC, which is developing a gold ore deposit in Amur region, has increased its machinery fleet for 638 million rubles. According to the company statement, it has purchased 17 units of special machinery for the operation at its quarry. In particular, that’s 5 Caterpillar CAT-773 dump trucks with the lifting capacity of 55…
DetailsOn October 1 Belarus Iron and Steel Works shipped the 1.8-millionth ton of metal cord. This is the result of the operation of steel wire shops Nos. 1 and 2 since the start of the metal wares manufacture at the works. In January-September BMZ produced 68 thousand tons of metal cord. This year the products…
DetailsRussian Copper Company has become the owner of the project to develop a major gold-copper-porphyry deposits Malmyzhskoye in Khabarovsk region having purchased the license from IG Copper and Freeport McMoRan Exploration for $200 million. In particular, RCC has bought the operator of the deposits – Amur Minerals, created as a joint venture by IG Copper…
DetailsChTPZ has concluded agreements on the cancellation of contracts of ChTPZ and PNTZ share pledge with its bank-creditors – Gazprombank and VTB. At present the group has no pledges on its loan portfolio. “The constant work to improve operation, control of our loan pledges and a constructive approach on behalf of the banks allowed us…
DetailsIn July Metinvest increased its EBITDA by 0.9% MoM, to $233 million.
Revenue dropped by 1.3%, to $1.082 billion.
In 2017 Metinvest EBITDA grew 1.77-fold YoY, to $2.044 billion, while revenue went up by 43.5%, to $8.931 billion. (Ukrainian metal)
The shareholders of Russian titanium giant VSMPO-Avisma have approved paying 756 rubles per share, or 8.7 billion rubles, in dividends for January-June, the company said in a report on October 4. The record date is scheduled for October 12. VSMPO-Avisma paid 762.68 rubles per share in dividends for January-June 2017. State industrial corporation Rostec holds…
DetailsPrices for gold, silver and platinum decreased, while the palladium prices increased in Azerbaijan on October 4, according to the data published by the Central Bank. The price of gold dropped by 16.065 manats, to 2,033.88 manats per ounce on October 4 compared to the price on October 3. The price of silver fell by…
DetailsCherepovets Iron and Steel Works has entered an active phase of the blast furnace No. 3 construction. The foundation for the blast furnace has been laid. “The construction of the blast furnace complex is carried out without shutting down the manufacturing process. The specialists are also assembling conveyers to transport sinter”, Severstal Russian Steel CEO…
DetailsAccording to the Russian Railways information, in September cargo transportation totaled 104.5 million tons, up by 0.7% YoY. In January-September transportation grew by 2.7%, to 962.3 million tons. In particular, iron and manganese ore accounted for 86.5 million tons, up by 5% YoY. Ferrous metals transportation increased by 9.9%, to 58.8 million tons, and scrap…
DetailsThe Interdepartmental commission on international trade has started an antidumping investigation on the import of some types of rolled metal with corrosion-resistant coating from Russia and China. According to the commission, the metal could have been supplied at dumping prices, damaging local manufacturers. In particular, in 2015-2017 imports from Russia and China grew by 51%.…
DetailsUkrmetallurgprom is asking the government, law enforcers and the Ukrzaliznytsia to take measures to stop supplying Ukrainian scrap to Moldova Iron and Steel Works, situated in the unrecognized republic of Transnistria. “The level of scrap provision to local metal companies in August was 89% and in 8 months – 98%. That’s mostly due to the…
DetailsShakta Uskovsksya LLC, representing Evraz, has won an auction to mine coal at the Uskovskiy site in Kemerovo region. The site was auctioned in August. The initial price was 620.3 million rubles. The company has the right to develop the site with the size of 29 square km for 20 years. As of January 1,…
DetailsNLMK Group, an international steel company, has topped the “People are the most valuable capital” nomination in the annual SAP Value Award for implementing an updated HR management system based on SAP Human Capital Management (SAP HCM) and SAP SuccessFactors cloud solution. The use of advanced technology solutions improved the quality and agility of management…
DetailsNLMK Group, an international steel company with operations in Russia, the US, and the EU, has topped the “Best Freight Shipper” nomination in the “Russian Railways – 15 Years Together” Award. The Award Ceremony took place in Sochi as part of the “PRO//Motion.1520” International Transport & Logistics Forum that marked the Russian Railways’ 15th anniversary.…
DetailsSIA JM Properties, a subsidiary of AS Jensen Metal Holding, is constructing a metal works on the territory of the industrial park of Karosta in Liepaja. At the first stage the company plans to construct a building with the size of 11 thousand square meters. The construction is scheduled to be completed in May 2019.…
DetailsThe Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…
DetailsDTEK Esko has carried out two energy-servicing projects at the Central Mining and Processing Works of Metinvest. According to the company statement, the modernization of 19 pumps will allow the works annually saving some 2.3 million kW-h of electricity valued at over 4 million UAH. This is provided for by 10 frequency converters and 7…
DetailsChelyabinsk Zinc Works has started constructing an oxygen plant with the capacity of 10 thousand cubic meters per hour. The need to construct the plant originated from 1995, but only after the works entered the Ural Mining and Metallurgical Company could it implement the project. The plant is expected to be commissioned in late 2019.…
DetailsAccording to the forecast of the Ministry of economic development, in 2018 Russia will produce 61.5 million tons of rolled metal, up by 0.9% YoY. Exports are expected at the level of 28 million tons, up by 0.3%. Imports will grow by 1.4%, to 5.5 million tons, and local consumption – also by 1.4%, to…
DetailsEvraz Kachkanarsky Mining and Processing Works has celebrated its 55 anniversary. The company has created a museum on the site where the first mining control room and the first observation desk had been. In 1966 the KGOK started producing sinter, and from 1970 – pellets. In 2015 Evraz KGOK was the first Russian GOK to…
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