Solway Investment Group, owner of Pobuzhye Ferronickel Plant, is closely watching the situation with the ban of nickel ore exports from Indonesia. “So far the information from Indonesia has been controversial. We are closely watching the situation with the temporary halt of nickel ore exports and taking steps to increase purchases from other countries. For…Details
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Metinvest Group intends to remain a stable player on the European steel market. “We are working on a business model to let us become a consistent player and diversify sales between various regions to focus on our main consumer markets”, the group sales director Dmitriy Nikolayenko declared. “Metinvest is the manufacturer with low expenses and…Details
Izhstal has capitally repaired its hydraulic shearing press. The stable operation of the machinery will provide the electric arc steel shop with quality raw materials. The capacity of the Metso Lindemann shearing press is 29 to 64 tons per hour depending on the type of scrap. The specifically prepared scrap is then used to produce…Details
Corum Group has concluded a new agreement with one of the largest potassium fertilizers manufacturers in the world – Belaruskaliy. The company has ordered 16 innovative transformer substations. “These substations are more powerful, while at the same time being more efficient. We used to produce 6 kW transformer substations. The new substations have the capacity…Details
Sergey Yaremchuk has been appointed new Cherepovets Iron and Steel Works coke-sinter-blast furnace manufacture director from November 1. Prior to that he was the deputy director on techniques. Yevgeniy Vinogradov, who has been managing the pig iron manufacture from 2014 till 2019, will continue his carrier as the Severstal Russia Steel CEO. Sergey Yaremchuk has…Details
Gold consumption by Russia’s jewelry industry fell by 0.24% YoY, to 25.002 tons, or 803,800 ounces, in January-September, a representative for the Assay Chamber of Russia reported. The industry’s silver consumption decreased by 2.61%, to 80.374 toes, or 2.584 million ounces, in the period. Russia’s gold jewelry production fell to 22.39 million items with a…Details
In August-October the state enterprise Mine named after Surgay concluded 9 agreements with Dragarem LLC for the repair works valued at 33.6 million UAH. Until mid-2020 the company has to repair various types of mining machinery and transformer substations. The price is 9% below the expected cost of the purchases (37.08 million UAH). (Ukrainian metal)Details
A roof of the electrical shop on the territory of the Belozerskaya mine caught fire. According to the State Emergency Service, there were no casualties or injured. The firefighters extinguished the fire on the area of 20 square meters. 233 miners were evacuated to the surface. (Ukrainian metal)Details
The Federal Antimonopoly Service has allowed Kupol Ventures Limited to buy the Third Mining and Geological Company. Via the former Kinross Gold owns the Kupol deposit in Chukotka and via the latter N-Mining Ltd is developing the Chulbatkan gold deposit in Khabarovsk region. Kupol was allowed purchasing 100% of the mining company shares. Kinross bought…Details
In July-September Amursk Hydrometallurgical Plant processed 15 thousand tons of concentrate from the Kazakh deposit of Bakyrchik. In 9 months 35 thousand tons were processed. Raw materials are transported via railroad in 20-30 days. The distance is 5576 km. The first cargo trains from Kazakhstan arrived last year. The processing started after the third stage…Details
ChTPZ group has supplied products to the Titan Group of Companies, a Russian manufacturer and seller of oil and chemical wares. The ChTPZ warehouse has shipped 170 tons of seamless hot-deformed pipes with the diameter of 57 to 325 mm and the wall thickness of 4 to 8 mm to the customer. The pipes will…Details
Evraz ZSMK and Paul Wurth have successfully finalized the first phase of a stepwise technical upgrade of the hot blast stoves plant at ZSMK Works’ No. 2 blast furnace in Novokuznetsk, West Siberia. Back in 2014 Paul Wurth won a tender for engineering a complete new hot blast generation plant in preparation of the project.…Details
NLMK Group has appointed Dmitry Sotnikov as NLMK Group Vice President for Investment Projects. Konstantin Lagutin, NLMK Group’s previous VP for Investment Projects, has made the decision to step down from the position. He will stay on with the company until the end of the year as Advisor to NLMK Group President and CEO. Grigory…Details