Beloretsk Iron and Steel Works has produced aviation ropes for its new customer – the Far Eastern Aviation Service Center. At the request of the customer BMK has produced a batch of galvanized steel ropes with the diameter of 4 mm. In 2016 the company received a gold medal at MetalExpo for this type of…Details
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The Cabinet of Ministers has directed UAH 322.6 million to pay salaries to coal miners. Prime Minister of Ukraine Oleksiy Honcharuk wrote about this on his Telegram channel on December 18. “The government has allocated UAH 322.6 million to pay salaries to miners,” Honcharuk wrote. (Ukrinform/Ukrainian metal)Details
In January-November Interpipe Steel decreased steel output by 12% YoY, to 786 thousand tons. In November the company produced 53 thousand tons of steel, up by 23% MoM. The low result of October is explained with capital repairs of machinery. The company resumed operation on November 6. (Ukrainian metal)Details
In January-September Ferrexpo invested over 4.5 billion UAH ($172.2 million) in development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 3.03 billion UAH ($115 million), while EGOK and BGOK – 1.48 billion UAH ($57.2 million). PGOK spent the money to maintain current operation (580.1 million UAH, $22 million), on…Details
Bystrinsky Mining and Processing Works has received all the necessary documents to commission its construction objects. Among the largest are the processing factory, quarries, tail dumps, etc. The construction of the GOK began in 2013. The annual capacity will be 10 million tons of ore. The design capacity is expected to be reached in 2020.…Details
The authorities of Sverdlovsk region have approved new residents of the Titanium Valley special economic zone. In particular, at the Salda site Ferrostar will be producing directly reduced iron with low prime cost. Investments will reach 2.3 billion rubles. When the company reaches its design capacity it will employ 80 people. (Ukrainian metal)Details
Severstal has started supplying industrial batches of new product – hot-rolled strips with the size of 40×4 mm. In late November the first 100 tons of the new product were shipped to a customer. The new product manufacture was mastered at the mill-250 of Cherepovets Iron and Steel Works. The hot-rolled strip can be used…Details
The Russian government has not agreed with a bill liberalizing access of private investors to large gold fields, prepared by the Natural Resources and Environment Ministry. The ministry suggested raising the threshold of reserves to qualify a field as strategic to 200 tons from 50 tons to draw private investment, because under the current law,…Details
Gazprom was studying production potential of titanium giant VSMPO-Avisma for possible partnership, the titanium producer said in a statement on December 18 after a Gazprom delegation visited the Sverdlovsk region’s city of Verkhnyaya Salda to study VSMPO-Avisma’s production and discuss partnership. “After analyzing production potential of VSMPO-Avisma, the leader of the world’s titanium industry, we…Details
On December 16 an extraordinary meeting of Norilsk Nickel shareholders was held. The shareholders approved of dividends in the amount of 604.09 rubles per ordinary share ($9.48) to be paid for January-September. The total amount of dividends reaches 95.59 billion rubles ($1.5 billion). (Ukrainian metal)Details
Sibcable has put into operation two new high-speed winding machines. Their cost is some 320 thousand euros. The machines will operate in the shop No. 6, which produces mine and excavator cables, as well as ordinary power cables. (Ukrainian metal)Details
Polyus Verninskoye has fulfilled its annual output plan 3 weeks in advance. One of the reasons of such results is the increase of the gold-processing factory average capacity. Delays in its operation decreased by 200 hours. In 2018 Polyus Verninskoye mined 7024 kg of gold. (Ukrainian metal)Details
Beloretsk Iron and Steel Works has confirmed its certificates for the steel ropes made according to American standards. In particular, the Diagnostica LLC specialists checked 6- and 8-strand steel ropes. Such ropes are used at drilling rigs in oil and gas industry. The confirmed certificate is valid through 2020. (Ukrainian metal)Details