A capital repair of one of the two electric arc furnaces is drawing to an end at the metal shop of the Norilsk Nickel Copper Works. The capacity of the furnace is 1.5 tons. Investments in the project amount to 16.8 million rubles. After the repair the furnace will be operating in the direct current…Details
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From now on the Ivanteyevka warehouse of Korolevsky Pipe Works stores electric welded pipes with the diameter of 168, 219 and 273 mm and the wall thickness of 4 to 8 mm. The portfolio of warehouse stocks has been increased in the category of round sections. Rectangular and square sections are also available. (Ukrainian metal)Details
Since the start of the year Yerunakovskaya-VII mine has extracted 2 million tons of coking coal from the 48-6 long face. The 1-million ton-milestone was reached in June. A new long face with the reserves of 3 million tons of coal will soon be commissioned. It will be in development until late 2020. The coal…Details
Azovstal has repaired plate shop staff facilities. The shower rooms now have new systems of cold and hot water, heating and electricity network. The ventilation system has been repaired, new doors and windows have been installed, as well as personal lockers and hand-driers. Metinvest has provided 4.2 million UAH for the work. (Ukrainian metal)Details
From October 5 Dneprovsky Iron and Steel Works will shut down a part of its main shops in order to modernize them. “A number of major investment projects is planned at the works. We repair and modernize the manufacture to decrease footprint”, DCH Steel and DMZ CEO Vitaliy Bash said. The DCH investment program to…Details
A rally was held in Bishkek against amendments to the Law on Trade Unions. The Chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported that the protesters asked for a meeting with the President Sooronbai Jeenbekov. Protesters want to make their proposals to the proposed amendments to the law. “The amendments proposed…Details
Gold-extracting companies can obtain a right to receive general license to export gold and silver ingots instead of one-time licenses. The amendments to the legislations have been prepared by the Ministry of Industry and Trade. The ministry believes the current system is slowing the exports down. Unlike general licenses, one-time ones are seriously limited: they…Details
The extraordinary meeting of Norilsk Nickel shareholders has set dividends for the first half of 2019 at 883.93 rubles per ordinary share (around $13.27). The total volume of funds to be spent on dividends will be 139.88 billion rubles ($2.1 billion). The date upon which the shareholders entitled to H1 dividends will be determined is…Details
In July Russia exported 10 thousand tons of ferrochromium, down by 18.5% MoM and by 0.6% YoY. Deliveries to China grew 3-fold, to 685 tons, and to the Netherlands – by 68%, to 7.3 thousand tons. Russia did not export to the USA in July, while in June its share was 32%. In 7 months…Details
In July Russia imported 111.3 tons of molybdenum ore, down by 62% MoM and by 54.8% YoY. Deliveries from the USA grew by 18%, to 47 tons, while from the Netherlands decreased from 128 tons to 64 tons. In 7 months imports totaled 1.8 thousand tons, down by 14.6% YoY. In monetary terms since the…Details
In August Mechel-Materials produced over 82 thousand tons of crushed stone and almost 44 thousand tons of mineral additives to concrete mixes, up almost 2-fold YoY. All the products were obtained as a result of metal manufacture wastes processing. Crushed stone output grew by 70%. In August the works processed over 126 thousand tons of…Details
Government of Kyrgyzstan has asked for two months to respond to the demands of activists on Jerooy deposit, civic activist Aibek Busurmankulov has reported. According to him, the organizers of the national assembly were received by the Prime Minister Mukhammedkaly Abylgaziev in Talas. “The head of the government has asked for two months. As you…Details
Miners in the western Georgian mining town of Tkibuli have stopped their protest as they have been promised to be paid their salaries, Georgian Minister of Economy Natia Turnava said after meeting with Saknakhshiri, a daughter company of Georgian Industrial Group (GIG) and miners. The company has a new Georgian investor, Steel Investment Trades Company,…Details