A-Property, a company of co-founder of the Russian telecom operator Yota Albert Avdolyan, has asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga coalfield from Gazprombank and metals and mining group Mechel. The request says that the combined value of A-Property’s assets exceeds 7 billion rubles, while the value of…Details
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In November 2019 Russia imported 9.9 thousand tons of copper scrap and waste, up by 56% MoM and 4-fold YoY. Deliveries from Germany grew by 52%, to 2.4 thousand tons, and from Kyrgyzstan – by 45%, to 902 tons. In 11 months of 2019 imports totaled 48.2 thousand tons, up by 91% YoY. In monetary…Details
Beloretsk Iron and Steel Works has concluded a contract for the delivery of 12 new drawing benches under the project to modernize its wire-rope manufacture. The total cost of the purchase exceeds 580 million rubles. Mario Friegrio S.p.A., Italy will supply the machinery to produce spring, rebar, rope and welded wire. The machinery will be…Details
In 2019 ArcelorMittal Kriviy Rih increased investments in labor safety by 27% YoY, to 503.4 million UAH. Expenses per each employee exceeded 25 thousand UAH. Last year 30 accidents with the loss of working days were registered among the company and contractors’ employees, including 4 fatal accidents: 1 with AMKR employee and 3 with contractors.…Details
Interpipe has licensed its manufacture in Colombia and the UAE to produce UPJ-M threads. Now foreign shops can make threads on pipes and accessories on the spot. “The certification of foreign shops to produce Interpipe premium joints is another step to improve service and expand sales markets”, the company said. (Ukrainian metal)Details
Almetievsk Pipe Works has mastered the manufacture of electric-welded longitudinal welded galvanized pipes The company can now produce round pipes with the diameter of 15 to 57 mm and section pipes with the size of 15×15 to 60×40 mm. Galvanized coating provides for the protection from corrosion. Such pipes are widely used in construction and…Details
In December 2019 Ukraine decreased steel manufacture by 17.2% YoY, to 1.561 million tons, having advanced from the 15th to the 12th position in the Worldsteel rating. In the whole 2019 Ukraine produced 20.848 million tons of steel, down by 1.2% YoY, having remained at the 13th place. In 2018 Ukraine was also on the…Details
Sibantrazit has improved the operation of its processing factories in Novosibirsk region, where Sibirskiy Antrazit and Razrez Vostochniy operate. Since August 2019, the output of Ultra High Grade concentrate has grown from 19% to 25.2%. The company intends to retain this level in 2020. Sibantrazit is the leading manufacturer and exporter of UHG in the…Details
Zagorsky Pipe Works intends to buy Ural Steel from Metalloinvest. According to RBK, the price could exceed 32 billion rubles. ZTZ needs Ural Steel, which produces strips and pipe billets, for a new project – the manufacture of OCTG seamless pipes. (Ukrainian metal)Details
In 2019 Polymetal International plc produced 1.316 million ounces of gold, up by 8% YoY, and 21.6 million ounces of silver, down by 15%. Total manufacture in gold equivalent grew by 3%, and by 4% exceeded the initial output target of 1.55 million ounces, having reached 1.614 million ounces. Copper manufacture dropped by 37%, to…Details
Severstal Distribution service metal center in Cherepovets has commissioned its second slitting line with the capacity of 30 thousand tons per year. The Italian machinery will allow cutting metal with the thickness of up to 4 mm. Now the company can cut metal with the thickness of 0.4 to 4 mm of coils with the…Details
In 2019 Kamchatskoye Zoloto, developing sites in Kamchatka region, produced 626 kg of gold and 374 kg of silver. Gold output grew by 52% YoY, and silver – by 68%. In Q2 the company intends to commission the first stage of the Baranievskoye mine with the capacity of 73 thousand tons. (Ukrainian metal)Details
The head of the Republic of Komi Sergey Gaplikov and president of the Russkie titanoviye resursy group of companies Anatoliy Tkachuk have signed an agreement to construct a vertically integrated mining and metallurgical works to process titanium ores and quartz sands of the Pizhemskoye deposit. Until 2021 Rustitan will perform prospecting work at the deposit,…Details