ArcelorMittal Kriviy Rih has concluded an agreement on financial leasing with OTP Leasing for the purchase of 4 CZ Loko locomotives. The EffiShunter 1600 machines with the combined cost of EUR 9 million will be supplied in 2020. “CZ Loko is one of the major railroad machinery enterprises in Central Europe. Our company will be…Details
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In January-June Severstal purchased 12.2 billion rubles worth of goods and services from the Vologda region enterprises, up by 5 billion rubles YoY. The share of the region in the group combined procurement reached 17%. The increase is due to the major investment program at Cherepovets Iron and Steel Works. (Ukrainian metal)Details
Chelyabinsk Iron and Steel Works has started manufacturing a new product at its rail and beam mill – the SVN 27 mine props. These products are in constant demand on the market. When assembling the SVP 27 props, the ChMK produced SVP 22 sections are also used. “This is the 72nd size of the product…Details
In January-June industrial products sales grew by 5.4% YoY, to 1.28 trillion UAH. 305.1 billion UAH worth of products, or 27.4%, were exported. According to the State Statistics Service, Ukraine sold 85.5 billion UAH worth of metallic ores, up by 23.5%, including 50.8 billion UAH exported, or 59.4%. Pig iron, steel and ferroalloys sales dropped…Details
Mining and Metallurgical Union cannot check Solton-Sary field, Chairman of the Central Committee of the Trade Union Eldar Tadzhibaev reported. According to him, the field employs more than 200 Chinese workers and about 130 local workers. It is not right. “Taking into account unemployment, the lack of demand for work and the presence of appropriately…Details
The total number of valid licenses for the right to use subsoil was 2,440 in the first half of 2019, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. At least 475 of them were issued for gold, 104 – for metals, 326 – for coal, 58 – for oil, 1,062 –…Details
In July Northern Railroad transported some 5.7 million tons of cargo, up by 8.6% YoY. Throughput in January-July grew by 5.6%, to 38.2 million tons. In particular, the Northern Railroad transported 5 million tons of ferrous metals, up by 1.3%, 2.7 million tons of coal, up by 31.9%, 2 million tons of non-ferrous ore, up…Details
By 2021 Sibenergougol intends to have constructed a coal-processing factory in the Kemerovo region with the investments of 3 billion rubles. Processing capacity will reach 3 million tons of coal per year. The enterprise will be producing the PCI coal used in metal industry. In 2019 Sibenergougol intends to keep its coal output on the…Details
VSMPO-Avisma has started building a new shop No. 22.2. The premises will look like the manufacturing building UBM-2 in the Titanium Valley special economic zone, but will be two times smaller with the size of around 11 thousand square meters. The corporation needs additional premises because of the increase in the titanium products (discs and…Details
Uralskaya Kuznitsa is producing spare parts for Gazprom oil-extracting machinery under the import-replacing program. In particular, the company has to produce 163 units of forgings. Gazprom used to buy such products in the US, UK and China, thus mastering of their manufacture will help refrain from buying abroad. To fulfill the order UralKuz had to…Details
Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first half of 2019. Kumtor Gold Company produced 301,373 ounces or 9,373.76 kg of gold and contributed more than 4.22 billion soms in taxes and mandatory payments. Kumtor produced 151,065 ounces of gold in the second quarter compared to 83,802…Details
Zaporozhye Titanium and Magnesium Works could suspend operation over the increase of the electricity tariffs. Since July 1, with the new electricity market operating, the tariff for ZTMK has increased by 25%. Thus, expenses on electricity for the company will grow by 15 million UAH per month. The share of electricity in the company product…Details
In July Zaporizhstal produced 331.9 thousand tons of pig iron, 322.3 thousand tons of steel and 263.4 thousand tons of rolled metal, all down by 26.3%, 9% and 12% YoY respectively. The decrease is due to the capital repair of the blast furnace No. 2. Investments in the repair exceeded 200 million UAH. In January-July…Details