The supervisory board of Yuzhniy Mining and Processing Works has appointed Elena Sherstyuk, the ex-financial director of Evraz Sukhaya Balka, a member of the board. The decision was taken on December 15. Sherstyuk has replaced Anna Orlova, who in 2006-2011 was the financial department director at Zapadnosibirsky Iron and Steel Works, in 2011-2014 a member…
DetailsIn January-September Metinvest EBITDA grew by 39% YoY, to $1.373 billion mostly thanks to the mining segment share increase by $653 million. Metal segment EBITDA dropped by $273 million. “The increase of the consolidated EBITDA mostly has to do with the sales prices growth on the background of sales to such strategic markets as Europe,…
DetailsIn January-September Metinvest increased capital investments by 55% YoY, to $308 million. The mining segment accounted for 55% of investments as opposed to 48% in January-September 2016, while metal segment for 43% (51%). Investments in the metal segment went to Mariupol Ilyich Iron and Steel Works and Azovstal. While mining investments were transferred to Severniy…
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, expands the perimeter of its “Steel Tree” environmental program and announces the launch of target grant allocation to local communities and NGO’s in Lipetsk region, Stary Oskol (Belgorod region) and Zarinsk (Altai region), where NLMK’s key companies are located.…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 24 million tons of coal this year. The milestone ton was loaded on December 18 onto the Panamax bulk carrier Orange Harmony, the 332nd vessel handled from the year beginning…
DetailsPolymetal has started mining gold and silver-containing ore at the Olcha deposits in Magadan region. This year the company intends to extract 9.5 thousand tons for processing. Estimated reserves of the deposit are 400 thousand tons of ore with the average content of gold at 8.6 g per ton and silver – 22 g per…
DetailsMetinvest is pondering the construction of the complex to manufacture rolled metal with polymer coating. According to the marketing director Roman Kurashev, the group could construct two lines with the capacity of 120-150 thousand tons each. Moreover, the group is also discussing the creation of the galvanized line with the capacity of 300 thousand tons.…
DetailsArcelorMittal Kriviy Rih intends to expand the geography of its sales in Africa, while the share of its sales in CIS is decreasing. “We have recently opened a delivery channel to the countries of East Africa. We have organized an office in Tanzania to supply metal to Uganda, Rwanda, Ethiopia, Tanzania and Kenya”, the company…
DetailsThe quarry fleet of Lebedinsky Mining and Processing Works has been expanded with three BelAZs with the improved lifting capacity – 220 tons. This year under the Metalloinvest investment program the GOK has received 6 such trucks. In 2014-2016 Metalloinvest purchased around 300 units of machinery for Lebedinsky and Mikhailovsky GOKs: 232 dumpcars, 11 large…
DetailsThis month all the Metal Profil products have appeared in Kyrgyzstan. Bishkek citizens were able to start purchasing some materials in October. “Kyrgyzstan is one of the most actively developing countries in the CIS. Having started supplying products to Bishkek we are now able to fully satisfy the needs both of large dealers and private…
DetailsIn January-November Ukraine consumed 4.59 million tons of rolled metal, up by 10% YoY. According to Ukrmetallurgprom, of this volume 1.196 million tons (26%) were imported. In 11 months of 2016 Ukraine imported 23.1% of the rolled metal consumed (or 0.966 million tons out of 4.17 million tons). Flat rolled metal imports share dropped from…
DetailsIn January-November Ukraine exported 13.35 million tons of rolled metal, down by 15% YoY. According to Ukrmetallurgprom, semi-finished wares share increased to 42.3% from 30% in 10 months, while the flat and long rolled metal ratio was 34.1% and 23.6% as opposed to 29.1% and 27%. The decrease of the long rolled metal share is…
DetailsAlchevsk Iron and Steel Works has resumed operation after a 10-month idleness. According to Leonid Pasechnik, the so-called acting head of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, the blast furnace No. 5 with the capacity of 1.2 million tons of pig iron per year has been put in operation.…
DetailsChinese company Debang Guangdong plans to create a $5 billion cluster for deep processing of steel in Russia’s Primorsky region, Yao Xiaodong, chairman of the board of directors, announced “We want to set up a metallurgical production base in the Primorsky region. The territory of the Far East has resources that are necessary for the…
DetailsZaporozhye Titanium and Magnesium Works has concluded an agreement with Khimvektor LLC for the delivery of ilmenite worth 13.38 million UAH. This year the company will supply 2 thousand tons of ilmenite concentrate at 6690 UAH per ton, or $252 per ton. According to official sources, in October ilmenite concentrate was exported from Ukraine at…
DetailsPJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) is experiencing significant difficulties in transporting 5 million tons of steel products from the enterprise to the Black Sea ports of Ukraine and delivering 2.5-3 million tons of iron ore concentrate to consumers in Eastern Europe, company CEO Paramjit Kahlon has stated. “One of the biggest problems at the…
DetailsMetinvest has become the owner of AG Stal LLC, the manufacturer of welded pipes. At present the company operates as a pipe-welding shop of Mariupol Ilyich Iron and Steel Works. All the customers who want to buy AG Stal products are switched to Metinvest. Metinvest acquired the company last year. The company initiated its own…
DetailsKarabashmed has assembled a new thickener with the diameter of 24 meters at its processing factory. The transition to the new machinery with larger diameter will improve productivity and copper concentrate manufacture efficiency, as well as increase the company environmental safety. Moreover under the program of technical development the company has put in operation 5…
DetailsIn 2017 Kyshtym Electrolytic Copper Plant is expecting to produce the record 57 tons of selenium. The previous record of 48.3 tons of selenium was achieved in 2014. The increase in output is due to the complete transfer of the company to Karabashmed raw materials, and the manufacture grew from 4.8 tons per months to…
DetailsThe Volgogradsky subsidiary of Severstal Steel Ropes has supplied 173 tons of steel ropes to the Gremyachinskoye deposits of EuroChem – VolgaKaliy. The cooperation of the companies started 7 years ago. “EuroChem – VolgaKaliy is our long-time and reliable partner, it’s a constantly developing company. Cooperation means development not only of the company, but of…
DetailsIn January-November Krivoy Rog Iron Ore Industrial Complex produced 4.631 million tons of iron ore, up by 2.1% YoY. In November output totaled 460 thousand tons, up from 320 thousand tons in October. In 2016 the complex produced 5 million tons of iron ore, down by 8.4% YoY. The company sells most of its ore…
DetailsIndustrial Union of Donbas (ISD) Corporation has officially announced the actual loss of effective managerial control over its production assets (industrial sites and office premises in Alchevsk, Luhansk region), including PJSC Alchevsk Iron and Steel Works, PJSC Alchevsk Coke and Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, which together constitute a significant part of the ISD…
DetailsCorum Shakhtspetsbud, a part of Corum Group, has completed the reinforcement of the main shaft of the Nui Beo mine of Vinacomin Coal Corporation (Vietnam), finishing the largest Corum project for building vertical mine shafts, implemented from scratch, the press service of the company has said. “The complexity of the project and its successful implementation…
DetailsAt midnight from December 19 to December 20 employees of the Volnogorsk Mining and Metallurgical Combine will begin a strike.
The operation of the company will halt.
The employees will be striking at the checkpoint and the railroad exit.
The employees, among other things, demand the increase of wages. (Ukrainian metal)