The salary of Evraz Sukhaya Balka miners was increased by 20% from May 19.
“As the result of the May 10-11 strike with the demand to increase salary, the company decided to increase wages by 20%”, the chairman of the Independent Miners Union Mikhail Volynets wrote on his Facebook page. (Ukrainian metal)
The board of directors of Gaysky Mining and Processing Works, a part of UMMC, recommends paying dividends for 2016 in the volume of 2 billion rubles from the profit of 2016 and undistributed profit of previous years. In 2014-2015 Gaysky GOK did not pay dividends. The final decision will be taken at the annual shareholders…
DetailsIn April Vyksa Iron and Steel Works, a part of OMK, supplied 153.7 thousand tons of steel via railroad, down by 10.2% MoM and by 1.1% YoY. Delivery to the local market totaled 132.7 thousand tons, up by 4.4% MoM, but down by 10.2% YoY, while exports stood at 21 thousand tons, down by 52.2%…
DetailsMoscow decided to temporarily prolong the moratorium on the export duty of 10% for tungsten ores and concentrates. The duty was imposed in 2013. Last year on request of manufacturers the duty was cancelled until June 1, 2017. This helped Primorsky Mining and Processing Works stay afloat, as it saved some 1.2 billion rubles. The…
DetailsIn January-April the trade turnover of Georgia with Turkey, its main partner, reached $452.29 million, with exports at $76.09 million, up by 18.8%, and imports at $376.2 million, down by 8.4% YoY. According to the National Statistics Service, pig iron and unalloyed steel semi-finished products ranked second in the exports to Turkey at 24652 tons…
DetailsEnergomashspetsstal will supply a large batch of rolls for rolling mills to Zaporizhstal. The order will be fulfilled under the contract concluded in 2011. The company will deliver back-up rolls for cold-rolling as well as work and back-up rolls for hot-rolling. The total weight of the order is 401.58 tons. According to the delivery schedule,…
DetailsMechel-Service has shipped the first batch of rebars for the construction of the President military school in Petrozavodsk, Karelia. The volume of the lot is 200 tons. According to the company statement, the Chelyabinsk Iron and Steel Works (a part of Mechel) rebars are used in the construction of the three-storied building. The construction is…
DetailsNordgold has concluded an agreement with UniCredit Bank on the $75-million loan. “The company is successfully implementing its long-term strategic and operational goals, and the loan agreement with the UniCredit Group bank demonstrates our financial stability and opulence. We are glad of the cooperation with the bank and look forward to mutually beneficial work”, Nordgold…
DetailsEvraz NTMK will get the fifth line of railroad wheel processing. The contract for the delivery of the machinery has been concluded with NSH (Niles-Simmons-Hegenscheneidt). “We have signed an agreement that will allow us to improve wheel processing, thus satisfying the needs of both local and foreign markets in our products. NHS is one of…
DetailsIn 2016 Ukrzaliznytsia brought 11.8 million tons of coal from Ukraine-uncontrolled territories. “As well as 1.3 thousand tons of coke. All the payment was carried out on the controlled territory”, the company said. At the same time, all the railroad transportation between controlled and uncontrolled territories was stopped on March by the order of the…
DetailsIn 2017 Ukrainian energy sphere will consume some 7 million tons of anthracite coal as opposed to 10.5 million tons in 2016. “The difference of 3.5 million tons is covered by gas-generating coal”, the minister of energy and coal industry Igor Nasalik said. At present there is a surplus of gas coal. “The warehouses stock…
DetailsIn late June another vessel with South-African coal would visit the Yuzhniy port. “We expect the next vessel after June 20. That would also be a Panamax”, the port acting director Vitaliy Zhukovsky said. More vessels will follow. “The schedule has been approved. This year together with Chernomorsk port we have to unload 4.8 million…
DetailsIn January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year. According to the company statement, the decrease is connected with the fall in key output.…
DetailsSteelAsia Manufacturing Corp. (the Philippines) has concluded an agreement with two Russian companies aiming at long-term cooperation with them. Under the $250 million contract Evraz will annually supply 50 thousand tons of billets to SteelAsia works in Davao City and in the Bulakan province. In Q1 the group purchased 240 thousand tons of Russian billets…
DetailsThe Oktyabrskiy mine, a part of Norilsk Nickel, has started the capital repairs of the northern part of the skip shaft No. 1. The repair will see the overhaul of 250 tons of equipment and metal structures. The previous repair was carried out in 2005. The cost of the works is 50 million rubles. The…
DetailsThe new EKG-18 excavator has started operating at the Neryugrinsky open-pit mine of Yakutugol, a part of Mechel. This is the second machine that has started operating there since the beginning of the year. The excavator has been purchased for 600 million rubles within the modernization program. The ladle volume is 18 cubic meters. The…
DetailsAccording to the minister of natural resources and ecology of the Magadan region Vladimir Mitkin, over 1.7 tons of gold and 38 tons of silver will be mined in Stednekansk district this year. “As of May 1 the district has already mined over 1150 kg of ore gold and around 11 tons of ore silver”,…
DetailsMagnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…
DetailsIn April Zlatoust Iron and Steel Works electric arc welding shop No. 2 produced 3880 tons of liquid steel with the target of 4770 tons. The decrease of output, according to the deputy manufacturing director Oleg Rodionov, has to do with the shortage of scrap in early April. Shop No. 3 was in the same…
DetailsNovolipetsk Iron and Steel Works has produced the 250-millionth ton of hot-rolled metal since its mill 2000 was put into operation in 1969. This volume equals to the weight of 39 Great Pyramids of Giza or 1500 Burj-Khalifas. The first Soviet mill of the third generation – mill 2000 – with the capacity of 5.78…
DetailsGazpromtrubinvest intends to enter the new segments of the market, where the pipes, which cannot be welded, are used. Thus the company will build a seamless pipe manufacture. A three-roll technology will be used to reach the precision of the welded products. After the construction is complete, GPTI will have a unique manufacturing complex to…
DetailsMagnesit Group has begun an active stage of a major investment project realization – the construction of the fused magnesia manufacture. The company has signed an agreement with Sinosteel, China. The construction at the Satka manufacturing site of the group in Chelyabinsk region will commence in autumn. The company will build a plant with the…
DetailsEvraz (Russia) has entered into an agreement to sell its PJSC Evraz Sukhaya Balka iron ore mining and beneficiation plant in Ukraine to a firm belonging to Oleksandr Yaroslavsky’s DCH Group for $110 million excluding the debt, Evraz said in a statement. “Berklemond Investments Ltd, a part of Oleksandr Yaroslavsky’s DCH Group, has acquired Evraz…
DetailsThe first cargo ship loaded with deficient anthracite coal arrived in Ukraine from the Republic of South Africa, the press service of Rinat Akhmetov’s DTEK wrote on Facebook. “Our first ship with South African coal arrived in Ukraine. We will shortly begin shipping the scarce anthracite to the warehouses of our thermal power plants,” the…
DetailsSince the beginning of the year the Electrocable Kolchugino Works (EKZ) shop No. 3 has produced 1.5 billion rubles worth of power cables, up by 9% YoY. The growth is explained by the massive overhaul began in 2016. “We have serious goals. In the next couple of years we plan to invest over 1 billion…
DetailsOMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…
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