The state company Russian Railroads has started using decreasing coefficients when calculating tariffs for transportation of rolled sheet for NLMK and some other companies. The decreasing coefficient will be valid through December 31. It covers rolled sheet transportation from the railroad stations of Novolipetsk, Revda, Apparatnaya, Nizhneserginskaya, Yekaterinburg, Vorsino and Vladivostok. At the same time…
DetailsRosterminalugol, the largest dedicated coal port in the North West of Russia (a part of Port Management Company LLC) handled more than 15.9 million tons of export coal in January-August, up by 42% YoY, the terminal operator said in a press release. In the reporting period, Rosterminalugol unloaded 16.2 million tons of coal from 226,064…
DetailsDeputy Chairman of the Board of Kyrgyzaltyn JSC for Economy, Finance and Investments Bektur Sagynov told the deputies of the Respublika – Ata Jurt faction why Kyrgyzaltyn opposed the purchase of Thompson Creek. According to him, three members of the board of directors of Centerra Gold Inc. voted against the deal. “We didn’t have time…
DetailsThe Rodninskaya mine employees (a part of Mirnogradugol, Donetsk region) still cannot make the enterprise management clear salary debts. “The miners have issued an ultimatum to the enterprise managers and the Ministry of energy and coal industry on July salary debts clearing (2.6 million UAH) and August salary payment. Now the salary is paid with…
DetailsThe scheduled increase of railroad tariffs by 22.5% from October 1 will result in a significant increase of Azovstal products prime cost. “The transport component in the prime cost structure of our products is some 10-12%. That’s because we have expenses not only while shipping rolled metal, but also while bringing raw materials to the…
DetailsKolmar will invest 22.5 billion rubles into construction of the Ingalinskaya-2 processing factory in Yakutia. The factory capacity will be 12 million tons of coal per year. Kolmar is designing the factory with Beijing CATIC Industry Limited. At present construction of the Denisovskaya processing factory is nearing its end. The project has also been designed…
DetailsEnergomashspetsstal will produce rolls for two ArcelorMittal French Steel Works. The company has already started manufacturing 4 back up rolls for hot-rolling mills. In particular, 2 rolls with the total weight of 107.36 tons will be produced for ArcelorMittal Fos-sur-Mer. 2 other rolls will be supplied to АМ Mardyck. Their total weight is 80.35 tons.…
DetailsIn September the “youngest” manufacturing enterprise of Ryazan Pipe Works in Novocherkassk turns 2. In 2 years the company produced 35 thousand tons of electric-welded pipes. The company employs 100 people. This year the company has already started manufacturing 10 new sizes of pipes, with 6 more to be introduced by year-end. In November construction…
DetailsIn August Krasniy Octyabr produced 95% of the planned volumes of steel and 100% of rolled metal. The 1600-mill produced a record of cold-rolled sheet – 147 tons. The company has started manufacturing forged rods of large diameter of stainless steel. This month Krasniy Octyabr intends to produce 37413 tons of steel and 25090 tons…
DetailsIntergeo, belonging to Mikhail Prokhorov, has sold Amurmed. According to Intergeo, Amurmed is a less attractive asset for the group than the Ak-Sug in Tuva (5.7 million tons of copper) and Kingash in Krasnoyarsk Krai (2.2 million tons of nickel, and 1 million tons of copper, as well as cobalt, platinoids and gold). Amurmed has…
DetailsThe US Ministry of Trade has approved of the size of preliminary antidumping duties on wire rod from Russia, Belarus and UAE. Duty for Russian wire rod will reach 436.8-756.93%, which is a record in American antidumping investigations on steel market for the past several years. Belarus Iron and Steel Works was hit with the…
DetailsArcelorMittal Kriviy Rih is shutting down its double-bath steel mill No. 6 in the open-hearth furnace shop for scheduled repairs. According to the company statement, investments in the repairs will total 54.5 million UAH. Some 320 subcontractors will be working on the project each day. In spring the double-bath steel mill No. 6 was shut…
DetailsThe shares of Centerra began rising in price at the Toronto Stock Exchange after the statement of the government of Kyrgyzstan on the agreements reached with the investor. On September 5, the value of Centerra’s shares was $6.05, on September 6 – already $6.23, and on September 7 they rose in price to $6.7. As…
DetailsSiberian Mining-Metallurgical Alliance (SiGma) will put the first stage of Ozernovskoye Mining and Processing Works in Kamchatka with the capacity of 100 thousand tons of ore or 2 tons of gold in operation in November. “We have finished constructing the road. In October we will start assembling the processing line. This year we plan to…
DetailsThe Arbitrary court of Sverdlovsk region will study the case on acknowledging Ural Metal Company insolvent. The claim was submitted to the court on September 5 by Verkhnyaya Salda Iron and Steel Works LLC. The company claims 375.215 million rubles. Ural Metal Company was registered in 2007. Its main activity is wholesale trade in metal…
DetailsThis year Gaysky Mining and Processing works has for the first time used HoldCag power cables with wire armor, produced at Electrocable.
HoldCab also features polymer coating.
The first out of four cable threads has been built in the Novaya mine shaft. It consists of 3 sections of 400 meters each. (Ukrainian metal)
“The less conflict fields, the better the dialogue, the sooner the positive investment climate in the country is formed and it becomes more attractive for foreign partners,” head of the Association of Markets, Service and Trade Enterprises Sergei Ponomarev said, commenting on the agreements reached between the Kyrgyz government and Centerra. “All major world investors,…
DetailsIn January-June Zaporizhstal fulfilled all the 122 conditions lined out in the collective agreement for this year. The total amount of financial obligations under the agreement in H1 reached 180 million UAH. Average salary increased by 20%. Bonuses to the authors of the best ideas of efficiency reached 2 million UAH. 170 young employees received…
DetailsShareholders of Evraz – Dneprovsky Iron and Steel Works intend to increase the company charter capital by 30.4%, from 574.99 million UAH to 749.99 million UAH by placing additional 700 million shares with the value of 0.25 UAH. The issue will be discussed at the extraordinary meeting of shareholders on September 22. According to one…
DetailsThe mining and processing complex of Magnitogorsk Iron and Steel Works comprises of a mine shop, an ore-dressing factory, a sinter shop, a grinding-kilning shop and the sinter charge preparation shop. For the past several years the shop has undergone a massive reconstruction. In particular, the company has reconstructed the sulfur-exhaust machine, which allowed increasing…
DetailsRusHydro and Rusal will not continue constructing Boguchansky Aluminum Works. “The further expansion of BoAZ to the projected 600 thousand tons will not be necessary, as the partners decided to finish construction of another plant”, RusHydro CEO Nikolai Shulginov declared. “We’re switching to another plant, as it is more efficient”. In autumn 2016 the companies…
DetailsThe throughput of the railroad rout Kamysh-Zarya – Volnovakha, through which Mariupol metal works get raw materials, is too low, Azovstal CEO Enver Tskitishvili told the infrastructure minister Vladimir Omelyan. According to him, on average 15.8 pairs of cargo trains go via this route daily, despite the fact that Ukrzaliznytsia invested a lot to increase…
DetailsThe Antimonopoly Committee is questioning the interested parties on the situation on the coke market. The survey will be carried out by September 30 at the request from Private Ltd Liability Co. Metinvest BV (the Netherlands) as to the purchase of Dneprodzerzhinsk By-Product Coke Plant. The company wants to buy over 50% shares. At present…
DetailsMining and metallurgic company Norilsk Nickel plans to make a final decision on its participation in development of the Baimskoye field in Russia’s northernmost Chukotka Autonomous District until the end of 2017, Vice President Yelena Bezdenezhnykh reported on the sidelines of the Eastern Economic Forum on September 6. “We have been evaluating the potential of…
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