Coal producer Kolmar plans to invest about $2 billion in a plant on the territory of accelerated development Southern Yakutia and a terminal in the free port of Vladivostok until 2021, CEO Sergei Tsyvilyov declared on February 21. Construction of the Inaglinsky plant comprising an enrichment facility and three mines will require 62 billion ruble…
DetailsThe state enterprise Selidovugol has ordered the individual entrepreneur Georgy Kacheyshvili the delivery of shaft props valued at 24.76 million UAH. The entrepreneur will have to supply 13780 cubic meters of wooden props. The average price of the props is 1900 UAH per cubic meter. Last year Universal Invest-Story LLC supplied such props at 1300…
DetailsEnergomashspetsstal will supply a new batch of rolls to ArcelorMittal Kriviy Rih.
The batch with the total weight of 78.96 tons will consist of 13 rolls.
The delivery is scheduled for Q2 2018.
The contract was concluded in 2016.
The companies have been cooperating since 2011. (Ukrainian metal)
Severstal has selected suppliers of the main machinery for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works with the capacity of 2.9 million tons of pig iron per year. Under the contract Danieli Corus B. V. (the Netherlands), Paul Wurth S. A. (Luxembourg) and TMT GmbH (Germany) will design,…
DetailsDelta LLC has acquired the property complex of the insolvent Rostov Coal Company LLC, a part of Zaporizhstal (Ukraine), for 50 million rubles. The initial price was 309.9 million rubles. Rostov Coal Company was created within the 6.9-billion rubles project to construct the Bystryanskaya 1-2 mine in Rostov region to supply cheap blast furnace coke…
DetailsIn January Sukhaya Balka produced 218 thousand tons of iron ore, up by 2.8% MoM. Last January the works did not mine ore because of the absence of license. On November 7, 2017 the company license was prolonged for 20 years. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2%…
DetailsIn 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…
DetailsThe actual economic impact of the implementation of proposals at the Magnitogorsk Iron and Steel Works in 2017 amounted to 599.3 million rubles. This is 2.5% higher than in 2016, when the economic impact of proposals was 584.5 million rubles. The largest contribution to the savings achieved was 356.3 million rubles, made by rolling production.…
DetailsRussian gold producer Polymetal International has signed the first sales contract for its Kyzyl field in Kazakhstan and will sell gold concentrate to a partner that has been buying much gold concentrate from the Maisky field for over two years, the company said in a statement on February 21. The partner will buy at least…
DetailsPJSC ArcelorMittal Kriviy Rih started the hot tests of sinter machine No. 5 after its modernization. It was performed as part of the company investment program on modernization of the Sinter Plant No. 2 and improvement of environmental indicators. During modernization of sinter machine No. 5, gas-cleaning plant of wet type was replaced by the…
DetailsThe state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…
DetailsLast year Kazakhstan increased ferrous metals output by 37.8% YoY, to 1.55 trillion tenge. Karaganda region (42.3%), Pavlodar region (31.5%) and Aktyubinsk region (19.1%) accounted for the most part of the output. Flat rolled metal output grew by 2.2% YoY, ferroalloys – by 7.2%, raw steel – by 9.4%, alloyed steel rods – by 26.2%,…
DetailsIn 2017 Kazakhstan mined 242.7 billion tenge worth of iron ore, up by 25.9% YoY. Kostanay region accounted for over 88% of the total volume (214.4 billion tenge, up by 23.4%), Karaganda region – 10.3% and Akmola region – 1.1%. ArcelorMittal Temirtau (Orken LLC) operates in the main “iron ore” regions – it is the…
DetailsFar Eastern Natural Resources LLC (FENR), a daughter company of the Indian power group Tata Power, has won the auction to develop the Krutogorovskoye deposits of coal in Kamchatka. The company offered the highest price – 264.88 million rubles. The deposit was discovered in 1934. Its reserves are estimated at 300 million tons of coal.…
DetailsThis year Vysochaishiy (a part of GV Gold) intends to reach gold output of 300 thousand ounces (9 tons). According to GV Gold chairman Sergey Dokuchaev, Taryn GOK in the Republic of Sakha and Ugakhan GOK in the Irkutsk region will contribute the most to this growth. Taryn GOK was put into operation in September…
DetailsIn January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY, or by 1 million tons.
According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9% YoY, to 2.1 million tons, and that of coking coal – by 2.95%, to 559 thousand tons. (Ukrainian metal)
The management of the Russian steelmaker NLMK will recommend dividends for October-December 2017 higher than encompassed by the company’s dividend policy, CEO Oleg Bagrin declared on February 20. “Certainly, recommendations will be higher than encompassed by the dividend policy,” he said. Under the dividend policy updated in 2015, NLMK can pay from 50% of the…
DetailsRosterminalugol, the largest dedicated coal terminal in the European part of Russia with state-of-the-art coal handling technology (a part of coal holding Port Management Company) celebrated yet another coal transshipment milestone. Since 2003 the terminal has exported 150 million tons of coal, the terminal operator said in a press release. The 150-millionth ton was loaded…
DetailsDzholdoshbek Dzhunushev was appointed General Director of the State Enterprise Kyrgyzkomur, press service of the State Committee for Industry, Energy and Subsoil Use reported. According to its information, the new head was introduced to the staff by the Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic Ulanbek Ryskulov…
DetailsThe state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 92.69 million UAH. This year the company will supply 16 thousand tons of technical granulated sulfur with the purity of at least 99.98% at 5649 UAH or $212 per ton. The products will be…
DetailsThe Ukrainian budget has received three times more funds from the duty on scrap metal exports (UAH 343 million/$12.7 million instead of UAH 112 million/$4.1 million) over the year when an increased rate of the export duty on scrap metals was in effect. “We have very positive results of our “metallurgy law” with Oleh Lyashko…
DetailsKarelsky Okatysh has started modernizing its drum pelletizers. The rubber lining is glued to the inside of the pelletizers to protect the surface from vibration and concentrate pickup. “This will allow us increasing the maximum capacity of the pelletizing lines and retaining qualitative parameters of pellets”, the company noted. 3 drum pelletizers have been modernized…
DetailsElectrozinc has commissioned the new gas blower in the compressor department of the sulfur acid shop.
The machinery valued at almost 500 thousand euro was put into operation by the supplier – Piller, Germany.
The gas blower was assembled in September 2017 to replace the outdated blower, which had been operating since 1981. (Ukrainian metal)
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…
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