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Kinross Gold Corp has announced the lack of interest in concluding new deals in Russia. In July the company bought the Chulbatkan gold ore project from N-Mining for $283 million with $170 million to be paid in shares. In the past few years Kinross has been offered several major assets in Russia, but the company…
DetailsRussia has blocked deliveries of power-generating coal to Ukraine via Belarus. According to the chairman of the Independent Miners’ Union and a member of the Batkivschina party Mikhail Volynets, the situation with stocking power coal for winter has already been unsatisfactory, but now it could become catastrophic. Some 300-400 thousand tons of Russian coal used…
DetailsZagorsky Pipe Works and the country’s second largest bank VTB have signed an agreement to build a 35-billion ruble seamless pipelines plant, the bank said. “In accordance with the agreements of the parties, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless…
DetailsInterpipe intends to redirect the sales of pipes, which had to be sold to the state enterprise Ukrgazvydobuvannya, to foreign markets and private Ukrainian gas extractors. “We are a diversified company in the pipe segment. In Ukraine we sell some 20-25% of pipes. We also have a large share on the American, European and Near…
DetailsEnergomashspetsstal has successfully fulfilled an order to supply supporting rolls to Salzgitter Flachstahl GmbH. The agreement was concluded in March. Under the contract EMSS produced and shipped 2 bulk rolls with the combined weight of 80 tons. The rolls will be used in hot-rolling mills at Salzgitter Flachstahl GmbH. (Ukrainian metal)
DetailsIn September the Northern Railroads transported 5.4 million tons of cargo, up by 5% YoY. Throughput in January-September was 49.3 million tons, up by 5.6%. In particular, 6 million tons of ferrous metals were transported, up by 1.3%, 3.7 million tons of coal, up by 32%, and 2.7 million tons of non-ferrous ores, up by…
DetailsIzhstal has capitally repaired the steel-smelting complex to produce structure, alloyed and stainless grades of steel. The complex consists of an arc-furnace, a continuous casting machine and machinery for off-furnace steel treatment. Its capacity is 300 thousand tons of castings per year. The complex manufactures more than 80% of Izhstal steel. (Ukrainian metal)
DetailsArcelorMittal Kriviy Rih has started hot-testing of its small-section mill No. 250-4, in the reconstruction of which it has invested over $50 million. A part of the amount was spent to purchase Danieli machinery. The new equipment has been designed and supplied by Schneider Electric. Previously the mill was only able to make products of…
DetailsThis year Central Mining and Processing Works has purchased 5 BelAZ sprinkling machines. They are now used to suppress dust at the quarries and in the slurry shop, while in winter they will be sprinkling roads with salt solution. Three new BelAZs with 32-cubic meter tanks can cover the area of 25 meters each. There…
DetailsGazprombank plans to sell a 34% stake in the Elga coal project to metals and mining group Mechel for slightly over 30 billion rubles, a source familiar with the situation reported. He also said the deal should be closed by January 20, 2020. On September 30 a spokesman for Mechel said that the company accepted…
DetailsPerzhanskaya Ore Company LLC has for the second time entered information on its plans to start mining beryllium at the Perzhanskoye deposit in Zhytomir region in the Environment impact registry. The company states that the total size of the deposit is 402.7 ha, and the expected capacity of the mines is 200 thousand tons of…
DetailsVolnogorsk Mining and Metallurgical Works has ordered Energy Trade Group LLC the delivery of electrical energy valued at 144 million UAH. In October-December the company has to supply 72 million kW-h of electricity at 2 UAH per kW-h. This is slightly below the August-September price of 2.07 UAH per kW-h. At the same time in…
DetailsOn October 1 after a major overhaul the concentrate factory of the quarry No. 4 resumed operation at Irshansk Mining and Processing Works. New Mineral Technologies (Australia) equipment has been installed at the factory – 8 models of various MG-6 spiral separators (68 pieces) and 24 pieces of HG-10. This will allow increasing ilmenite extraction…
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