Starting from this week, new vehicle KrAZ-63221 that will deliver ArcelorMittal Kriviy Rih miners to workplaces at open pits and remote dumps has been released on the roads. In total, 5 such vehicles are used for these purposes in Mining Department, and the entire fleet of crew change vehicles at the plant amounts to 26…Details
The prices of precious metals increased on February 18. The price of gold grew by 18.258 manats, to 2,250.2900 manats per ounce compared to the price on February 15. The price of silver went up by 0.3925 manats, to 26.8884 manats per ounce. The price of platinum increased by 35.7 manats, to 1,370.2850 manats, and…Details
Contractor has completed reclamation work at the tailing dump in Kadzhi-Sai village and is working on the commissioning of the object. The information was voiced during a meeting of the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov with representatives of Rosatom Corporation. Kubatbek Boronov met with representatives of the Russian State Atomic Energy Corporation…Details
The price of one ounce of gold increased by 3.2385 manats or by 0.15% last week in Azerbaijan, to 2,228.5198 manats. The price of one ounce of silver dropped by 0.2999 manats or by 1.1%, to 26.6794 manats. The price of one ounce of platinum decreased by 14.671 manats or by 1%, to 1,341.3051 manats.…Details
Russian tycoon Alexei Mordashov plans to give 65% of his gold producer Nordgold valued at $850-900 million to his sons Kirill and Nikita. “The key goal of the changes is succession, to bring Kirill and Nikita up to date and give them knowledge and experience in business management,” Mordashov said, adding that he would remain…Details
On February 25 the meeting of the shareholders of the Dneprovsky Iron and Steel Works will approve attracting a loan of 30 million UAH from Oschadbank. Most probably the money will be spent to finance the construction of the continuous casting machine. The project was announced back in 2017. This is the largest investment project…Details
Izhorsky Pipe Works has won several tenders to supply Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the Northwestern region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of…Details
Last year Severstal produced some 12 million tons of steel. Mill-2000 accounted for over 6 million tons. Previously Severstal was able to reach such a record in 1980s. “We have set a task for ourselves – the share of new products in our portfolio has to be 30% by 2023. Now it’s just 5%. For…Details
Russian state banks VEB.RF, Gazprombank, and Sberbank will provide financing to Baikal Mining Company belonging to billionaire Alisher Usmanov that would cover up to 70% of a $2.9-billion Udokan copper deposit, Baikal Mining Company said in a statement. The shareholders of Baikal Mining Company have already invested 28.5 billion rubles and they will cover at…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 42.14 million UAH. Until the end of the year the company has to transport 243 thousand tons of uranium ore from the Novokonstantinovskaya mine to the Ingulskaya and Smolinskaya mines and 45 thousand tons of inert…Details
In January Interpipe Steel manufactured 71 thousand tons of steel, down by 5.3% YoY.
In December 2018 the output was 82 thousand tons.
In 2018 Interpipe Steel produced 973.8 thousand tons of round billets, up by 15% YoY. (Ukrainian metal)
The Republic of Ingushetia has signed an agreement to construct an aluminum alloy works “RIAL”. It will be supplying raw materials to the republic works RIAK, which produces aluminum sections, and the heating radiator works ATM LLC. The agreement has been signed by the governor of the republic Yunus-Bek Yevkurov and the director of ZAS…Details
Rusal has replaced the members of its board of directors, On February 14, the executive director Sergey Popov resigned, having been elected to a governmental office. Yevgeniy Kuryanov has been appointed in his stead. From February 14, Maxim Poletayev, Randolf Reinolds, Kevin Parker, Nicolas Jordan and Christopher Burnam were appointed to the board of directors…Details
The president of the Russian Copper Company Vsevolod Levin and the governor of the Khabarovsk region Sergey Furgal have signed an agreement on cooperation in the sphere of mining. The regional authorities want to help RCC develop Malomyzh gold-copper-porphyry deposit. Last year RCC bought the Amur Minerals LLC, which owned the license to the deposit.…Details
In 2018 Severstal sold over 5 million tons of rolled metal to local construction companies, up by 7.1% YoY. At the same time, the growth of metal consumption in construction sphere was only 1%. The sales growth is due to additional lines of coated metal. In particular, in December 2018, the company produced the record…Details
In 2019 Norilsk Nickel will invest around 2.8 billion rubles in buying new machinery and equipment for Kola Iron and Steel Company.
Nornickel intends to buy 1467 pieces of various machines.
Severniy Mine will see a lot of its outdated machinery replaced, including underground dump trucks, loading machines, self-propelled drilling machines, etc. (Ukrainian metal)
Severstal – Bar Works Balakovo is constructing a line to produce briquettes of steel and pig iron swarf.
Investments in the construction total some 145 million rubles.
The manufacture of the first briquettes is scheduled for late March.
Machinery was delivered by ATM, Austria. (Ukrainian metal)
Ukrmetallurgprom believes that in March Ukraine will produce 1.9 million tons of steel, 1.8 million tons of pig iron and 1.6 million tons of rolled metal. As of February 13, 19 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 15 out of 16 converters, 6 out of 15 electric arc furnaces and…Details
In January Dneprospetsstal produced 14.548 thousand tons of steel, down by 19.9% MoM.
Rolled metal output dropped by 3.8%, to 11.441 thousand tons.
The total cost of products manufactured in January was 759.915 million UAH, down by 1.1%. (Ukrainian metal)
An agreement with the company that has won the competition for rehabilitation of Makmal field will have been signed by the end of the month, the Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, Emil Osmonbetov, announced. According to him, the competition for Makmal was held last year. The project…Details
Korshunovsky Mining and Processing Works has put into operation a renewed system of monitoring the quarry transport named Karier (Quarry). The system allows for more efficient control of the main indexes of the quarry machine fleet operation: lifting capacity, delay time, fuel consumption, etc. The system has been operating since 2007. The modernization of the…Details
In February ArcelorMittal Temirtau plans to complete the investment project to commission a ladle furnace No. 3 in its converter shop. The machine will join two other ladle furnaces already operating in the oxygen-converter shop. The capacity of the new machine is at least 24 smeltings per day, or 2.2 million tons of steel per…Details
Sergey Kaplin, a member of the Verkhovna Rada from the Petr Poroshenko Block faction, suggests nationalizing ArcelorMittal Kriviy Rih. According to an explanatory note to a draft decree, the MP suggests the Cabinet of Ministers to buy all the shares of the enterprise. The goal behind the idea is to protect the national interests and…Details
Ukrzaliznytsia (Ukrainian Railways) has once again announced a tender to sell scrap.
This is 16.059 thousand tons of bulk scrap No. 510 (rail scrap) with the starting price of 181.196 million UAH.
The auction will take place on March 4. (Ukrainian metal)