The state enterprise Gosgeonedra has given the license to the Vostochniy Mining and Processing Works in Kropivnitsky (Kirovograd region) to mine for uranium. “I have met with the miners and promised to help. The authorities reacted to my appeal. On July 17, 3 thousand people went to work”, the Radical party leader Oleg Lyashko reported.…
DetailsThe employees of the state enterprise Lvivugol have expressed no-confidence to the minister of energy and coal industry Igor Nasalik. According to the Independent Miners’ Union chairman Mikhail Volynets, the decision was taken following the systematic non-payment of salary and unfulfilled promises. “As of the Miners’ Day the debts are unlikely to be cleared, thus…
DetailsIn early June Rosneft and the Pipe Metallurgical Company signed a contract for the delivery of oil pipes, and on July 13 the TMK deputy CEO Vladimir Shmatovich reported its cost – over $3 billion. The contract has been signed for 5.5 years, which will allow TMK to occupy some 40% of the Russian market,…
DetailsIn September Karabashmed will start replacing converters in its metallurgical shop. The company intends to increase output to 130 thousand tons of raw copper per year and improve environment safety by implementing the gas-purifying system. The converters will be put into operation in the middle of the next year. At present the company operates 3…
DetailsIn January-June Russian Railroads bought 553.5 thousand tons of rails. All the rails are bought from Russian manufacturers. In particular Evraz supplied 397.1 thousand tons of rails, and Mechel – 156.4 thousand tons. This year Russian Railroads intends to buy around 1 million tons of rails: some 700 thousand tons from Evraz and 330 thousand…
DetailsThe Belarus Iron and Steel Works section-rolling shop No. 2 has produced 1 million tons of metal since the start of its operations. The event took place on July 16, the Day of the Metallurgists. In H1 2017 the shop sold 256.3 thousand tons of metal valued at $112.4 million, exporting 215.2 thousand tons (84%)…
DetailsIn January-June the Pipe Metal Company increased sales by 4.1% YoY, to 1.808 million tons. The increase was spurred mostly by the demand growth for seamless pipes, the company said in a statement. Seamless pipes sales increased by 16.9%, to 1.346 million tons. Welded pipes sales dropped by 21%, to 462 thousand tons due to…
DetailsBy the end of the year Rusal intends to have finished negotiations with the banks on loans to complete construction of Tayshet Aluminum Works. “We’re negotiating with VEB on a rather advanced stage. But there is no word from Rushydro yet. As soon as they say anything, we will draw financing together”, Rusal strategy, business…
DetailsIn 2017 VSMPO-Avisma intends to keep earnings on the previous year level – 76 billion rubles.
Sales are expected to increase by 15.8%, to 28.3 thousand tons.
The strengthening of the ruble negatively affects the ruble reports, the ruble equivalent of exports decreases, and that’s some 70% of all earnings. (Ukrainian metal)
In January-June Zaporozhye Iron Ore Complex mined 2.021 million tons of iron ore, or 100.1% of the plan, at the same time down by 7.2% YoY. The average Fe content in ore in H1 was 61.22%, or 101.3% of the plan. The company sold 2.095 million tons of ore, or 97.7% of the plan. In…
DetailsPrime Minister of Ukraine Volodymyr Groysman on July 16 congratulated employees of the mining and metallurgical complex on their professional holiday, the government’s portal reports. In his speech on the occasion, the prime minister said: “The industry incurred heavy economic and infrastructure losses from the Russian-terrorist occupation of separate regions in Donbas, as well as…
DetailsIn January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons.
Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)
Seligdar has put a new gold-extracting factory at the Ryabinovoye deposits. The construction lasted for 2 years and required 6.3 billion rubles of investments. The Seligdar factory at the Ryabinovoye deposits is the largest gold-mining enterprise in the region to start operating in the last 30 years. Especially for the factory, the Tyazhmash company produced…
DetailsGlobus-Stal has put into operation a new manufacturing line to produce electric-welded pipes of stainless steel.
The company has already made its first order – the 6-meters long pipe with 16 mm diameter and 1 mm wall thickness.
Globus-Stal is able to produce 16-60.3 mm diameter pipes with wall thickness of 0.4-3 mm. (Ukrainian metal)
The Raspadskaya Processing Factory has processed 100 million tons of coal, since it has been put into operation.
The factory started operating in 2005. The enterprise processes coal of 0-300 mm classes.
Its project capacity is 15 million tons of coal per year with daily norm of some 38 thousand tons. (Ukrainian metal)
Evraz NTMK has put into operation the site of round rolled metal dressing. This will double the capacity of the site, improve the dressing quality and increase product range. The new line will process round billets of 70-250 mm diameter. This allows Evraz NTMK to start working with the large diameter round billets: 160, 180…
DetailsMetalloinvest has put the new hot-briquetted iron complex (HBI-3) into operation at the Lebedinsky Mining and processing Works.
Investments totaled $660 million.
The HBI-3 capacity is 1.8 million tons per year. When the complex reaches its project capacity, the GOK will be able to produce 4.5 million tons of HBI per year. (Ukrainian metal)
Russian precious metals producer Polymetal International has agreed to buy 7% in a joint venture that develops the Nezhdaninskoye gold ore field and acquired an option to buy the remaining 75.3% in the venture and raise its stake to 100%, Polymetal said in a statement on July 17. “Polymetal International has agreed to acquire an…
DetailsThe Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…
DetailsPJSC Magnitogorsk Iron and Steel Works has completed the reconstruction of gas-purifying plants at the mill’s electric-furnace melting shop with CAPEX of more than RUB 1.3 billion. The gas purifying plants are now almost 100% efficient. Over the course of the project, two old wet gas-purification systems, No. 32 and No. 33, were replaced with…
DetailsIn September the Cabinet of Ministers will spend 100 million UAH on individual protection means for the miners. According to the Prime Minister Vladimir Groysman, there are already funds for the project, and in September 100 million UAH more will be added. In May the Cabinet created the concept of reforming and developing the coal…
DetailsThe Yekaterinburg Customs has for the first time registered 1 kg of gold delivered from Guinea at the order of Yekaterinburg Non-Ferrous Metals Processing Works. The ingot is valued at $39 thousand. Not all African countries mining for gold have facilities to process it. This is a trial batch. At present the ingot is being…
DetailsPJSC Magnitogorsk Iron and Steel Works has completed the construction of aspiration systems for casting beds at blast furnaces No. 9 and No. 10. The project with CAPEX of over RUB 1 billion allows dust emissions to be almost completely disposed of, decreasing the emissions 50-fold. The aspiration system for casting beds at blast furnace…
DetailsIn Q2 the demand for the Copper Pipe Works products increased by 25% YoY.
So far the company has orders up until October.
The company products are in demand not only in Russia, but abroad as well. (Ukrainian metal)
The ministry of economic development of Chelyabinsk region and MMK-Metiz have concluded an agreement on the “Modernization of metal wares manufacture” project aimed at producing 39 billion rubles worth of wares by 2025. Under the contract MMK-Metiz will invest not less that 2.9 billion rubles into the project, produce and sell at least 39 billion…
DetailsIn January-June Ukraine mined 18.435 million tons of coal, down by 2.9% YoY, or by 556.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.7%, or by 1.11 million tons, to 3.387 million tons, while that of power-generating coal increased by 3.8%, or by 555.4 thousand tons,…
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