Karelsky Okatysh is preparing to put into operation three new Caterpillar 777E dump trucks with the lifting capacity of 90 tons. 7 such machines are already operating at the quarries and have proven their efficiency. “Small dump trucks have a number of advantages. They are universal thanks to their compact size. Where the 220-ton machines…
DetailsRUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…
DetailsGold output of Khabarovsk region hit a historical record of 24.8 tons in 2018, the regional government said. “In 2018, production of gold grew by 7%, to 24.8 tons. This was an absolute historical record for the region. A company producing tin metal also showed good results, its amount of production grew by 50%, to…
DetailsMetinvest was the first among Ukrainian companies to get a Vision Zero certificate. According to the group statement, it is operating based on the principles of sustainable development. One of the most important directions of the company is the labor safety and employee health protection. At present the group is implementing a couple of investment…
DetailsAt the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the company’s free cash flow according to NLMK Group’s consolidated statements prepared in accordance with IFRS. Considering the previously paid interim dividends, the amount outstanding to be paid…
DetailsAt the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders voted to confirm Grigory Fedorishin as the group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were elected: Vladimir…
DetailsLocal workers at Altynken held a strike demanding to increase their wages. The information was confirmed by the First Deputy Director of the company Turusbek Akmatov. At least 5-6 people did not come to lunch a day before in protest against the fact that their wages were not increased. Some other people held a rally…
DetailsThe Antimonopoly Committee of Ukraine has allowed Metinvest to buy over 50% shares of Dneprovsky By-Product Coke Plant. In particular, the AMKU decision says that Private Limited Liability Company Metinvest BV, the Netherlands, has been granted the right to purchase shares of the Dneprovsky Coke Plant, as a result of which the share of the…
DetailsThe mining and metallurgical complex of Ukraine expects no critical consequences from the new limitations of coal supplies to Ukraine, as well as imports of some metal products, including pipes. According to Ukrkoks CEO Anatoliy Starovoyt, limitations cover power-generating coal in the first place, and not coking coal. “So we see no special problem here.…
DetailsSince the start of the year, Kuzbass coal companies have extracted 60.8 million tons of coal, up by 1.2 million tons YoY. Open pits yielded 40.2 million tons, and mines – 20.6 million tons. Coking coal accounted for 19.2 million tons, and power-generating coal – 41.6 million tons. In March the region extracted 21.3 million…
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