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Tata Power, India intends to invest 750 million in the development of the Krutogorovskoye coal deposit in Kamchatka. Far Eastern Natural Resources LLC, Tata Power daughter company, won a license to develop the deposit in December 2017. The first stage will be carried out until September 2020. Investments will reach 420 million rubles ($6.6 million).…
DetailsUrals Mining and Metallurgical Company has attracted a syndicated loan of 200 million euros. 9 banks provided the funds. The loan is provided for 4 years. There is an option to increase the volume to 300 million euros. The funds will be used to re-finance the current debts. (Ukrainian metal)
DetailsIn November Kazakhstan produced 382.145 thousand tons of steel, up by 259.2% YoY. In 11 months output totaled 4.093 million tons, up by 3.8% YoY. According to the Ministry of the National Economy, flat rolled metal manufacture grew by 17.8% in November, to 125.856 thousand tons, but dropped by 25% in 11 months, to 1.86…
DetailsIn January-November Rusolovo exceeded its output target by 30%, having produced 2,012.7 tons of tin concentrate, up by 52.2% YoY. This year the company is modernizing its assets. Some 1.4 billion rubles will be invested in the Solnechnaya Factory modernization. And 11.7 billion rubles are needed for the construction of a mining and processing works…
DetailsIn January-November the foreign trade turnover of Lipetsk region totaled $3.451 billion. Exports accounted for $2.986 billion, and imports – for $464.9 million. The share of NLMK in exports was 81.6%. At the same time, ferrous metals imports accounted for 5%. (Ukrainian metal)
DetailsNLMK Group, an international steelmaker, was ranked third in the Top 20 Energy Efficient Companies annual ranking, compiled by Expert RA based on performance data for 600 leading Russian companies. Sergey Chebotarev, NLMK Group Vice President for Energy, said: “Steelmaking is an energy-intensive industry, where expenditure on energy in integrated companies reaches 10-12% of production…
DetailsFor several years Ventall has been designing, producing and supplying metal structures for construction to Azerbaijan. So far over 100 thousand square meters of constructions have been delivered to Azerbaijan. At present the company metal structures are used in the construction of candy plant in Khyrdalan. (Ukrainian metal)
DetailsThis year Kolmar intends to mine 9 million tons of coal, up by 60% YoY. This is possible due to the commission of the Famur machine and the purchase of other mining machines. Moreover, this year Kolmar has started seriously developing two sites – Inaglinskaya and Vostochnaya Denisovskaya mines. Last year railroad sales totaled 3.5…
DetailsKaluga is constructing a sports palace. Since spring Ventall has been participating in the process. The company has designed and manufactured metal structures for the roof of the ice arena with the size of 54×78 and the roof of the water premises with the size of 35×33.9 m. The volume of metal structures delivery reaches…
DetailsIn January-October the demand for UGMK-OTsM non-ferrous metals processing works products increased by 14% YoY. Kirov Works increased output by 6%. Copper and brass sheets, plates and strips accounted for the most part of the output. The growth in the copper-nickel rolled metal output was 2.5-fold. Revda Works copper-nickel pipes manufacture grew 2-fold, and copper…
DetailsSeverstal Russian Steel has chosen a supplier of the main machinery for the modernization of the steel degassing machine at Cherepovets iron and Steel Works. Danieli & C. Officine Meccaniche S.p.A. will supply the machinery. The first deliveries are expected until the end of 2020. The commission of the modernized machine is scheduled for Q2…
DetailsZlatoust Electrometallurgical Works has repaired the billet mill-750 shearing press. The repair lasted for 5 days. The billet mill-750 produces rolled billet for further rolling at the mills-400 and 280, as well as round bars with the diameter of 90 to 210 mm, square bars with the size of 85 to 160 mm and flat…
DetailsBidzhu Nair has been appointed a new CEO of ArcelorMittal Temirtau. The new director was presented to the company by Lakshmi Mittal on November 10. Nair previously held the office of the ArcelorMittal Zenica CEO. Since May 1, 2016 AMT has been chaired by Paramjit Kahlon, the CEO of ArcelorMittal Kriviy Rih. (Ukrainian metal)
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