Izhorsky Pipe Works has carried out capital repairs of its main machinery, having completed the spring repair campaign. “The repairmen only had three days. But despite the short terms, they coped with the ambitious task. The capital repair will provide for the stable operation of the machinery and will extend its lifetime”, ITZ CEO Dmitry…
DetailsVesco Limited (Cyprus) has replaced the supervisory boards at Vesco, Druzhkovka Mine Group and Ogneupornerud. In particular, the office of UMG Investments CEO Andrei Gorokhov as a member of supervisory boards in all three companies has been prolonged from April 7 for 3 years. Polina Sarnikova left the supervisory board, and was replaced by UMG…
DetailsIn March Dneprospetsstal increased steel output by 5.7% MoM, to 22.226 thousand tons. According to the company statement, rolled metal output grew by 5.9%, to 14.889 thousand tons. In January-March steel manufacture increased by 3.2% YoY, to 63.849 thousand tons, and rolled metal – by 2.2%, to 42.763 thousand tons. In 2017 DSS produced 256.6…
DetailsThe Federation of Metal Makers of Ukraine forecasts losses of the mining and metal complex (accounts for 6-7% of diesel fuel consumption) at 2.5 billion UAH per year in case fuel gets more expensive because of imposition of import quotas. According to the Federation chairman Sergey Belenkiy, this accounts for both purchases of fuel and…
DetailsZaporizhstal has successfully passed the re-certification audit of the hot-rolled metal correspondence to EN 10025-1 and the construction norms 305/2011. Cold-rolled coils and sheets have also been certified for the compliance with EN 10130. The audit has been carried out by TUV SUD. Zaporizhstal received EN 10025:2004 and EN 10130:2006 certificates in 2016. Since 2008…
DetailsBeloretsk Iron and Steel Works produced 115 thousand tons of metal wares in Q1 2018, up by 3% YoY. The products for the construction industry, machine-building and electrode industry demonstrated the largest increase. Cold-deformed rebars and low-carbon wire sales grew by 46% and 38% respectively. Sales of nails increased by 23%, of welding alloyed wire…
DetailsIn January-March Severstal produced 3.03 million tons of steel, up by 1% QoQ. Pig iron output remained almost the same – on the level of 2.35 million tons. Consolidated steel sales grew by 3% QoQ, to 2.86 million tons. The growth has to do with the change in the structure of sales and the billet…
DetailsOEMK (a part of Metalloinvest) has successfully undergone a re-certification audit of its Quality Management System for compliance with the international standard ISO 9001:2015. Auditors from TUV SUD Management Service GmbH (Munich, Germany) confirmed that OEMK was in line with the required standards. During the audit of the operations of the Quality Management System, auditors…
DetailsThe Ministry of energy and coal industry has cleared all salary debts to state miners. “The government has found funds, and we have fulfilled our obligations to the miners. All of them”, energy minister Igor Nasalik said. Now, according to him, the government has to find funds for the development of the state coal industry.…
DetailsSwiss commodity trader Glencore has dropped an idea to convert its stake in Russian aluminum giant UC RUSAL into global depositary receipts (GDRs) of En+ Group because of the new U.S. sanctions, it said in a statement on April 10. “Glencore has previously signed a non-binding term sheet with En+ regarding swapping its shares in…
DetailsStoilensky, the main resource base for NLMK Group, an international steel company, has begun the mining of quartzite on the southern bank of the Stoilensky deposit. The development of this site and the overall expansion of mining operations will enable a 10% increase in production output year-on-year to 38 million tons in 2018 and will…
DetailsRussian aluminum giant UC RUSAL may default on some loan liabilities because of the new sanctions imposed by the U.S., the company said in a statement released on the Hong Kong Stock Exchange on April 9. On April 6 the U.S. imposed sanctions against a total of 38 Russian tycoons, officials and companies, including Oleg…
DetailsLast week the price of one ounce of gold decreased by 2.482 manats or by 0.1%. Accordingly, the average price of one ounce of gold stood at 2,264.434 manats. The price of one ounce of silver decreased by 0.136 manats or by 0.5%, to 27.89634 manats. The price of one ounce of platinum decreased by…
DetailsUkraine saw a record low steel output in 2017 due to the lack of important raw materials. In particular, there is a threat of a blocking of imports of sulfuric acid that could create a monopoly on this type of raw materials. The interdepartmental commission on trade should make the corresponding decision by late April.…
DetailsIn January-March Boshnyakovsky Coal Pit mined 131 thousand tons of coal. The company owns three licenses to develop coal sites at the Boshnyakovskoye deposits. In 2010 the company obtained the licenses to Soldatskiy-1 and Onnaysky sites, and in December 2017 – to Onnaysky-Southern. This year the latter is expected to yield 0.5 million tons of…
DetailsOkhta GGK LLC, a part of Polymetal, has started developing the Khotorchan gold ore deposits in Khabarosvk territory. The first ore was mined on March 31. The deposits reserves will become the raw materials base for the Khakanjinskaya gold-extracting factory. The Khotorchan CC2 reserves are estimated at 839 kg, and forecast resources (R1) at 5…
DetailsKarelsky Okatysh is preparing to put into operation a new BelAZ dump truck.
The company specialists are now assembling it.
The lifting capacity of the machine is 240 tons, but the company intends to transport some 230 tons.
By June the company will have received three more similar trucks. (Ukrainian metal)
Russian metals producers are preparing proposals to retaliate against U.S. imports duties, Deputy Prime Minister Arkady Dvorkovich declared. “Companies are preparing their proposals, we will discuss them. Initially, we wanted to hold a meeting in Krasnoyarsk but we have just decided to postpone it for several days in order to prepare better. We are waiting…
DetailsUntil December Mechel has to make monthly payments for the purchase of Donetsk Electrometallurgical Works, bought in 2011, and in 2016 “nationalized” by the militants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia. On December 22, 2011 Mechel bought 100% of Daveze Ltd shares, owner of 100% of DEMZ,…
DetailsUkrmetallurgprom suggests the Ministry of economic development and trade to initiate a special investigation as to the metal imports, as the European Union did in March. According to the enterprise president Alexander Kalenkov, this will help protect the domestic market from the large-scale and abusive imports of metal products, mostly from China, in the segment…
DetailsPetro-Consulting LLC, which has recently obtained the special license to mine for lithium ore in Donetsk region with the reserves of 14 million tons, intends to find a major foreign partner to start developing the deposit in 2021. Investments are estimated at $120 million and will be spent to construct the manufacturing infrastructure (electricity, gas,…
DetailsIn March Yuzhniy Mining and Processing Works decreased concentrate output by 0.6% YoY, to 1042.9 thousand tons. Sinter output grew 2.1-fold, to 230.4 thousand tons. In January-March UGOK produced 3012 thousand tons of concentrate and 521.4 thousand tons of sinter, down by 1%, but up by 15.7% YoY, respectively. In 2017 UGOK increased concentrate output…
DetailsA part of Zaporozhye Aluminum Works has been cheaply bought by Power-Generating Company Ukrhydroenergo LLC. In 2016 the management of the works, 68% owned by the state, represented by the Fund of State Property, decided to sell a part of the real estate, in particular, the main and administrative premises of the electric power plant,…
DetailsThe state enterprise Selidovugol on the basis of an open auction has ordered the private enterprise Techkom the delivery of bearings valued at 12.76 million UAH. In particular, the enterprise has ordered 5816 bearings of 171 types. The seller has to deliver the bearings at its own expense within 2 days of the receipt of…
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