Black Iron Inc. (Canada) has finished the new feasibility study for the construction of the Shimanovsky Mining and Processing Works in Kriviy Rih valued at $748 million. According to the document, the construction of the mine and the works will be carried out in 2 stages. The capacity of the first stage will be 4…Details
In the next three years Metinvest is going to buy 50 BelAZ quarry dump trucks with the lifting capacity of 30-50 tons and over 130 tons. According to the group statement, Metinvest and BelAZ have signed an agreement for long-term cooperation. Within 3 years BelAZ will be supplying Metinvest with trucks and spare parts. At…Details
In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…Details
The U.S. Department of Commerce has introduced a prohibitive antidumping import duty on carbon and alloy steel wire rod from Belarus, Russia, and the United Arab Emirates following an investigation, it said on November 22. The duty will be set at 280.02% for imports from Belarus, at 436.8-756.93% for imports from Russia and 84.1% for…Details
A 63 MVA power transformer manufactured by Power Machines – Toshiba. High-Voltage Transformers (PMTT) was shipped in September to the Cherepovets Iron and Steel Works. It was shipped within the framework of the reconstruction of the main step-down substation No. 2. The new equipment is to replace an aging unit, which has already exceeded its…Details
Belarus is among the world’s top ten metal cord manufacturers, the press service of Belarus Iron and Steel Works (BMZ trademark) reported. On November 21, BMZ celebrated the 30th anniversary of the launch of steel plant No. 1 and the start of metal cord production in Belarus. BMZ produces and sells metal cord, the main…Details
The Arbitration Court of the North Caucasus Federal District has voided rulings of previous courts to charge metals producer Mechel 12.7 billion rubles in favor of Dutch company Atrix, owner of the Rostov Electrometallurgical Plant. In July, the Arbitration Court of the Rostov region ordered LLC NK Invest, Mechel-Steel, Mechel, and Mechel-Mining to redeem 5.085…Details
In Q3 Novosibirsk Iron and Steel Works named after Kuzmin received 65.5 million rubles of net profit. The previous quarter ended with the net loss of 153 million rubles. In Q3 2016 the profit was 50 million rubles. In January-September NMZ losses amounted to 161.7 million rubles as opposed to 206 million rubles of net…Details
In January-October the average delivery of ferrous metals scrap via railroad to metal works was 4.7 days, down by 1.3% YoY. The longest delivery (5.8 days) was in 2012. This year for batches of up to 260 tons (76% of all the deliveries) the speed was 4.8 days, for 260-520 tons (16%) – 4.2 days,…Details
By the end of 2017 Norilsk Nickel plans to have increased its specialized palladium fund to 600 thousand ounces (18.7 tons). Global Palladium Fund was created in 2016 to develop the demand for metal and decrease market volatility and price risks. Earlier Nornickel reported that in H1 it purchased over 5 tons of palladium (some…Details
Ormet has completed the main construction works at the underground mine Djusinsky. In early December the main ventilation machinery will start operating to provide fresh air to the mine. After that the company will have to assemble electricity network and commission all the objects constructed. This will be done roughly in a month and a…Details
In January-September Berezitovy Mine LLC, a part of Nordgold, yielded 2407 kg of gold, up by 32% YoY. In particular, in Q1 the company produced 833 kg of gold, in Q2 – 459 kg, in Q3 – 765 kg, up by 41% YoY. The increase is explained by the growth of gold content in ore…Details
Severstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop).
The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH.
The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)
Volzhsky Pipe Works has finished the scheduled modernization of the main sites at the pipe-rolling shop No. 3, which produces hot-deformed seamless pipes for oil and gas industry. In particular, the sites of the pipe hot-rolling and casing pipes treatment have been modernized. The works have considerably improved the operating characteristics of the shop machinery.…Details
Mining Service has purchased a Hitachi excavator to comply with the output program of the Vasilyevsky mine. The new excavator is expected to dig some 200 thousand cubic meters of rock each month, with the possible increase to 250 thousand cubic meters. Vasilyevsky mine is the gold-extracting company in Krasnoyarsk region. Its current output is…Details
In 2018-2020 Norilsk Nickel intends to produce 210-215 thousand tons of nickel of its own raw materials each year. According to the company statement, copper output is expected to total 400-420 thousand tons. Palladium and platinum production might reach 100-105 tons. Nornickel keeps the forecast for 2017 output at 206-211 thousand tons of nickel, 377-387…Details
Metinvest, a mining and metallurgical group, has repaid $56.7 million on new eurobonds with maturity on December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the report, this amount consists of $26.445 million interest income for the period from August 18 to November 18, $20.138 million of the…Details
The agreement was concluded in October.
According to the contract, EMSS will produce 22 supporting rolls with the total weight of 499 tons. The rolls will be used in the cold- and hot-rolling mills.
The delivery is scheduled for Q1-2 2018. (Ukrainian metal)
The Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation – the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are…Details
Evraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus).
The change in the ownership took place on November 17.
Drampisco and Palmrose B.V. are Evraz’s daughter companies.
In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)
SL Zoloto, a joint venture between Polyus and Rostec-Business Development, has initiated a 180,000-meter survey drilling program at Sukhoi Log, the biggest gold greenfield project, in Russia’s Irkutsk region, Polyus said in a statement on November 21. “The campaign, which is scheduled to last for two years, will provide the basis for Polyus to update…Details
The ex-director of the state enterprise Volynugol will pay for the damages done to an employee by illegal firing. According to the Novovolynsk city-district court, the claim of the regional prosecutors has been granted. Now the state enterprise, represented by its ex-director, has to pay 24.5 thousand UAH to the employee as the average salary…Details
The ChTPZ Group has started producing a new type of long pipes of stainless chromium-nickel steel with the diameter of 20 mm, wall thickness of 2 mm and the length of 18-20.3 meters. The manufacturing process is organized at Pervouralsky Pipe Works. The first batch of pipes with the combined length of 24 thousand meters…Details
In January-September the gold-mining company Vysochaishiy received 2.3 billion rubles of net profit, down 2-fold YoY. Revenue dropped by 28.1%, to 7.37 billion rubles. Gross profit fell 1.6-fold, to 3.9 billion rubles, sales profit – 1.8-fold, to 3.37 billion rubles. In 2016 Vysochaishiy produced over 5 tons of gold, including 4.8 tons in Irkutsk region.…Details