In 2017 TMK intends to sell 3.8 million tons of pipes and in 2018 – 4.3 million tons.
According to the company first deputy CEO Vyacheslav Popov, last year TMK sold 3.5 million tons of pipes. (Ukrainian metal)
Evraz has transferred 94.96% of Evraz Yuzhkoks shares, previously owned by Palmrose B. V,. to Dashuria.
Both Dashuria and Palmrose are Evraz daughter companies.
In 2016 Evraz Yuzhkoks received 61.1397 million UAH of net profit, down 3.5-fold YoY, while its net income rose by 11.22%, to 2.763 billion UAH. (Ukrainian metal)
Since the beginning of the year gold output in Tajikistan increased by 17%, that of silver – almost 2-fold. In January-October gold output went up by 16.4% YoY, and silver – by 89.7%, according to the Ministry of industry and new technologies. In 2016 Tajikistan produced the record volume of precious metals: 5 tons of…Details
Metal of the Kazakhstan Electrolysis Works has become a part of products of the new enterprise to produce alloyed aluminum – Giessenhause LLC, which has received the award as the Best industrial project. KEZ is the only manufacturer of aluminum in Kazakhstan. Giessenhause project capacity is 52 thousand tons per year. KEZ has already supplied…Details
Around 200 miners of ArcelorMittal Temirtau refused to return to the surface and remained in the shaft. “Some 200 miners of the fourth (night) shift form 4 mines did not return from underground after their shift. This is an unsanctioned action, as the miners have made no claims neither to the mines management, nor to…Details
Shenzhen delegation visited the Kargalinsk district of Aktobe region. Chinese businessmen were presented the project of iron and nickel ore development at the Velikhovskoye iron ore deposits. Investors showed their interest in long-term cooperation with the district in deposits developing. Having signed the memorandum of cooperation the investors noted that a special group would analyze…Details
In November Zaporozhogneupor increased output of all its molded refractories: magnesia, chamotte and high-aluminous wares. In particular, the company produced 10.6 thousand tons of molded refractories: 4.8 thousand tons of magnesia refractories, 4.8 thousand tons of chamotte refractories and 1.6 thousand tons of high-aluminous wares. In January-November Zaporozhogneupor produced 93.8 thousand tons of molded refractories,…Details
Ukrainian governmental and industrial lobbyists failed to make Egypt abolish import duties on rebars. The Ministry of trade and industry of Egypt has announced that the temporary duties will become permanent. At least, for the next 5 years. Ukrainian metallurgy, represented by ArcelorMittal Kriviy Rih, will have to pay 15-27% of the customs cost of…Details
In November the Profil-Akras pipe works produced 10.4 thousand tons of pipes.
Last month the company supplied 13.1 thousand tons of pipes to its customers. In particular, 2.4 thousand tons were exported. (Ukrainian metal)
Omutninsk Iron and Steel Works is continuing the technical revamping of its repair-mechanical shop. “The main task of the shop staff is to provide the works divisions with spare parts and jigging. Lately under the technical revamp program we have purchased three CNC machines”, the shop director Yuri Prilukov said. In December the shop received…Details
The road police of Belarus have detected a truck with metal scrap without any registration marks on the road to the Russian border. The police tried to stop the truck, but it turned to another road. When the truck entered the forest the police opened fire. After 16 shots the rear wheel was damaged. When…Details
The board of directors of Metalloinvest has decided to pay 8 billion rubles of dividends to the shareholders following the work in January-September. On the results of H1 Metalloinvest has already paid 20 billion rubles of dividends. In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY. EBITDA grew by 80.8%, to…Details
In November Yuzhniy Mining and Processing Works produced 1.079 million tons of concentrate, up by 8% YoY. According to the company statement, sinter output dropped by 3%, to 164.5 thousand tons. In January-November UGOK produced 11.361 million tons of concentrate, up by 10.8% YoY, and 1.725 million tons of sinter, down by 9.5%. In 2016…Details
The state enterprise Pervomayskugol has concluded agreements with Ekvives LLC for the delivery of 2 pump units valued at 4.8 million UAH. The agreements presuppose 100% prepayment. The products will be paid for from the state budget. The seller has to deliver the pumps to the Zolotoye mine warehouse within 45 days of the payment…Details
An accident happened at the Dneprovskaya mine of DTEK Pavlogradugol resulting in the injury to three miners. A winch rope broke off when the trolley with miners was hoisted from underground. The miners, not waiting for the breaks to start operating, began jumping out of the trolley. Injured miners have been transported to the Pavlograd…Details
In January-November Zabaykalye region extracted 12.375 tons of gold, up by 6% YoY. Silver output totaled 38 tons. Alluvial companies provided for the most output – 8.988 tons of gold. Ore gold accounted for 3.387 tons. This year 50 companies are extracting gold in the region. 10 companies provided for over 8.3 tons of gold.…Details
Electrozinc has commissioned a new site of sublime milling at its hydrometallurgical shop. Together with the start of the zinc manufacture, after the repairs in October the new ball mill was put in operation. After grinding in the new mill the sublimes are processed in the hydrometallurgical shop. Thanks to modernization impact on environment will…Details
Shareholders of the Magnitogorsk Iron and Steel Works decided to pay dividends for the operation in Q3 in the amount of 1.111 rubles per ordinary share. The total amount is around $209 million, or 59% of the company funds. This corresponds to the dividend profit of 2.5%. The shareholders entitled to receive dividends will be…Details
The member of the Mariupol city council Maxim Borodin has published on his page in Facebook a video of another major air pollution by the local Ilyich Iron and Steel Works. “In broad daylight Mariupol Ilyich is polluting the air over the city”, he wrote. “I’m sure that neither the CEO, nor the blast furnace…Details
Gold production on Russia’s Chukotka peninsula decreased by 12.34% YoY, to 23.646 tons in January-November, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on December 11. Silver production in the area fell by 18.96%, to 121.533 tons in the period. Chukotka Mining and Geological Company, a unit of Kinross…Details
Metinvest Mining and Metallurgical Group intends on December 18 to pay $6.509 million non-guaranteed interest income on eurobonds for the period from August 18 to September 18 to the holders of eurobonds with maturity of up to December 31, 2021. According to a group report on the website of the Irish Stock Exchange, the interest…Details
In 2018 RG Gold intends to increase gold output to 45-48 thousand ounces (1.4-1.5 tons) per year. “Now the capacities of our two grinding complexes allow us processing some 1.3 million tons of ore per year. When the third complex is commissioned, we will reach the annual level of over 2 million tons”, the company…Details
The state enterprise Volynugol has received funds to pay salary to miners. According to the information department of the Volyn regional state administration, the region has received 30.3 million UAH, of which 25 million will be used to clear salary debts to miners for August-October. The money has already been transferred to the enterprise account.…Details
Following the construction of a ladle crane for Evraz ZSMK, Uralmashzavod is working on a special crane for Tulachermet.
The machinery will be used at the new iron and steel works being built in the city of Tula.
For Tulachermet-Steel Uralmashzavod has already produced 10 cranes. (Ukrainian metal)