Baikal Mining Company LLC and TK Motor LLC concluded a contract for completion of construction, installation and finishing works required to commission administrative and hotel complex “Chara” located in Novaya Chara settlement in Kalar District of Zabaikalie region. The completion of the works under this contract is planned for the end of 2017. The works…
DetailsIn August Russia exported to Europe some 175 thousand tons of coal, illegally taken from the occupied Lugansk and Donetsk regions of Ukraine. According to the Federal Customs Service, exports decreased by 34% MoM, or by 92 thousand tons. The largest exporter of Ukrainian coal is Gaz-Alyance, controlled by Sergey Kurchenko. In August it exported…
DetailsThe state company Gazprom invest has announced 3 auctions for the purchase of large diameter pipes valued at 8.2 billion rubles. The manufacturers of the pipes have to be Vyksa Iron and Steel Works and Volzhsk Pipe Works. According to Gazprom information, the pipes will be used in the construction of the Gryaznovets – Vyborg…
DetailsIn January-August DTEK Energo mined 15.2 million tons of gas coal, up by 13.2% YoY. After the anthracite blocks of combined heat and power plants are switched to gas coal, the need in this fuel will increase. “That is why now we witness the overfulfillment of targets of coal mining at our mining companies”, the…
DetailsThe court has arrested all the assets of the Zaporozhye Aluminum Works. “In order not to allow the theft of state property and the destruction of the enterprise, the investigators, the prosecutors and the court decided to arrest all the assets of the works”, the prosecutors’ office reported. The Zaporozhye region is investigating the criminal…
DetailsKaspersky Lab and the Nornickel group of companies have agreed to cooperate in the sphere of information security. The partnership is aimed at creating a comprehensive protection system for corporate and industrial networks, as well as integrating cutting edge technologies to combat cyberthreats and increase the overall security level of one of the world’s largest…
DetailsThe state enterprise Mirnogradugol has hired Vostokugleservice LLC to mine coal. The cost of the work is 3.8 million UAH. The company has to mine 3256 tons of coal from the first south long face of the Centralnaya mine. Thus, the average cost of the coal mining is 1167 UAH per ton. The contract is…
DetailsThe first vessel able to be serviced at the Mariupol trade seaport, has passed under the Kerch bridge. Having loaded 14.5 thousand tons of pig iron, the Kopan sailed to Italy. “Knowing of the limitations when going through the Kerch strait because of the construction of the bridge, the ship owners shortened the Kopan mast,…
DetailsSeverstal Distribution will supply 1800 tons of cold-rolled metal to the Volgogazoapparat company, which produces gas and electric stoves. The household appliances producers have very strict requirements as to the metal quality, among which the main are the surface purity, flatness of not more than 5 mm per 1 m, absence of defects on the…
DetailsThe state company Russian Railroads has started using decreasing coefficients when calculating tariffs for transportation of rolled sheet for NLMK and some other companies. The decreasing coefficient will be valid through December 31. It covers rolled sheet transportation from the railroad stations of Novolipetsk, Revda, Apparatnaya, Nizhneserginskaya, Yekaterinburg, Vorsino and Vladivostok. At the same time…
DetailsRosterminalugol, the largest dedicated coal port in the North West of Russia (a part of Port Management Company LLC) handled more than 15.9 million tons of export coal in January-August, up by 42% YoY, the terminal operator said in a press release. In the reporting period, Rosterminalugol unloaded 16.2 million tons of coal from 226,064…
DetailsDeputy Chairman of the Board of Kyrgyzaltyn JSC for Economy, Finance and Investments Bektur Sagynov told the deputies of the Respublika – Ata Jurt faction why Kyrgyzaltyn opposed the purchase of Thompson Creek. According to him, three members of the board of directors of Centerra Gold Inc. voted against the deal. “We didn’t have time…
DetailsThe Rodninskaya mine employees (a part of Mirnogradugol, Donetsk region) still cannot make the enterprise management clear salary debts. “The miners have issued an ultimatum to the enterprise managers and the Ministry of energy and coal industry on July salary debts clearing (2.6 million UAH) and August salary payment. Now the salary is paid with…
DetailsThe scheduled increase of railroad tariffs by 22.5% from October 1 will result in a significant increase of Azovstal products prime cost. “The transport component in the prime cost structure of our products is some 10-12%. That’s because we have expenses not only while shipping rolled metal, but also while bringing raw materials to the…
DetailsKolmar will invest 22.5 billion rubles into construction of the Ingalinskaya-2 processing factory in Yakutia. The factory capacity will be 12 million tons of coal per year. Kolmar is designing the factory with Beijing CATIC Industry Limited. At present construction of the Denisovskaya processing factory is nearing its end. The project has also been designed…
DetailsEnergomashspetsstal will produce rolls for two ArcelorMittal French Steel Works. The company has already started manufacturing 4 back up rolls for hot-rolling mills. In particular, 2 rolls with the total weight of 107.36 tons will be produced for ArcelorMittal Fos-sur-Mer. 2 other rolls will be supplied to АМ Mardyck. Their total weight is 80.35 tons.…
DetailsIn September the “youngest” manufacturing enterprise of Ryazan Pipe Works in Novocherkassk turns 2. In 2 years the company produced 35 thousand tons of electric-welded pipes. The company employs 100 people. This year the company has already started manufacturing 10 new sizes of pipes, with 6 more to be introduced by year-end. In November construction…
DetailsIn August Krasniy Octyabr produced 95% of the planned volumes of steel and 100% of rolled metal. The 1600-mill produced a record of cold-rolled sheet – 147 tons. The company has started manufacturing forged rods of large diameter of stainless steel. This month Krasniy Octyabr intends to produce 37413 tons of steel and 25090 tons…
DetailsIntergeo, belonging to Mikhail Prokhorov, has sold Amurmed. According to Intergeo, Amurmed is a less attractive asset for the group than the Ak-Sug in Tuva (5.7 million tons of copper) and Kingash in Krasnoyarsk Krai (2.2 million tons of nickel, and 1 million tons of copper, as well as cobalt, platinoids and gold). Amurmed has…
DetailsThe US Ministry of Trade has approved of the size of preliminary antidumping duties on wire rod from Russia, Belarus and UAE. Duty for Russian wire rod will reach 436.8-756.93%, which is a record in American antidumping investigations on steel market for the past several years. Belarus Iron and Steel Works was hit with the…
DetailsArcelorMittal Kriviy Rih is shutting down its double-bath steel mill No. 6 in the open-hearth furnace shop for scheduled repairs. According to the company statement, investments in the repairs will total 54.5 million UAH. Some 320 subcontractors will be working on the project each day. In spring the double-bath steel mill No. 6 was shut…
DetailsThe shares of Centerra began rising in price at the Toronto Stock Exchange after the statement of the government of Kyrgyzstan on the agreements reached with the investor. On September 5, the value of Centerra’s shares was $6.05, on September 6 – already $6.23, and on September 7 they rose in price to $6.7. As…
DetailsSiberian Mining-Metallurgical Alliance (SiGma) will put the first stage of Ozernovskoye Mining and Processing Works in Kamchatka with the capacity of 100 thousand tons of ore or 2 tons of gold in operation in November. “We have finished constructing the road. In October we will start assembling the processing line. This year we plan to…
DetailsThe Arbitrary court of Sverdlovsk region will study the case on acknowledging Ural Metal Company insolvent. The claim was submitted to the court on September 5 by Verkhnyaya Salda Iron and Steel Works LLC. The company claims 375.215 million rubles. Ural Metal Company was registered in 2007. Its main activity is wholesale trade in metal…
DetailsThis year Gaysky Mining and Processing works has for the first time used HoldCag power cables with wire armor, produced at Electrocable.
HoldCab also features polymer coating.
The first out of four cable threads has been built in the Novaya mine shaft. It consists of 3 sections of 400 meters each. (Ukrainian metal)
“The less conflict fields, the better the dialogue, the sooner the positive investment climate in the country is formed and it becomes more attractive for foreign partners,” head of the Association of Markets, Service and Trade Enterprises Sergei Ponomarev said, commenting on the agreements reached between the Kyrgyz government and Centerra. “All major world investors,…
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