Karelsky Okatysh will modernize one of its main transportation lines – the K-17 conveyer, which is able to transport 3.2 thousand tons of ore per hour. “It was partially modernized in February, when an old engine was replaced with a more powerful one, which increased the speed and efficiency”, the company said. The second stage…
DetailsIn 2018 Nadezhdinsky Iron and Steel Works received 1.32 billion rubles of net profit, up from 610.7 million rubles in 2017. This is also the highest result so far. At the same time, in 2016 the company received 1.2 billion rubles of net losses, in 2015 – 2 billion rubles and in 2014 – 4…
DetailsThis year Severniy Mining and Processing Works intends to buy 16 BelAZ trucks. 3 of them have already been commissioned. In one shift each dump truck will be able to transport around 800 cubic meters of rock. Until the end of the year the works will be operating 91 dump trucks. (Ukrainian metal)
DetailsIn January-March Ferrexpo produced 2.538 million tons of pellets, down by 1.8% YoY. The decrease is due to the drop of 62% iron content pellets output – to 107.5 thousand tons from 149.9 thousand tons. At the same time the manufacture of 65% iron content pellets fell by 0.2%, to 2.431 million tons. (Ukrainian metal)
DetailsIn 2018, Magnitogorsk Iron and Steel Works (MMK) contributed a total of 8.967 billion rubles to environmental causes, up by 27% YoY. Most of the investment in environmental safety went towards the construction of environmental facilities. Last year, this effort received 5.845 billion rubles. As a whole, MMK’s Environmental Program for 2018 consisted of 84…
DetailsNLMK Group has appointed Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation. The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group’s former Vice President for the Development of Information Systems,…
DetailsMagnitogorsk Iron and Steel Works (MMK) has successfully adopted a new corporate information system (CIS) based on Oracle e-Business Suite v.12 technology. The previous version of Oracle e-Business Suite (EBS) has been used by MMK since 2004. MMK’s incorporation of Oracle EBS into its corporate information system has been recognized by Oracle as the most…
DetailsVolgograd-based Severstal Steel Ropes, an affiliate of steel maker Severstal, has completed an upgrade and plans to set foot on foreign markets, CEO of parent unit Severstal-Metiz Sergei Kovryakov reported. “We can raise the volume, but the Russian market does not grow that much. We plan to set foot on other markets, the European, Asian…
DetailsTajikistan hopes to attract additional investments of $300 million in mining and metallurgical sphere. “The volume of investments in the next 5 years has to reach 2.73 billion somoni”, the government approved program of development till 2025 says. Additional investments will help local companies modernize existing capacities and commission new ones, as well as develop…
DetailsIn March Energomashspetsstal supplied domestic customers with a wide range of products. In particular, the company delivered a total of over 500 tons of products to 12 enterprises. At present EMSS is producing supporting and working rolls for Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
DetailsRussian steelmaker Severstal has narrowed the coupon guidance for its 10-15-billion ruble bonds to 8.65-8.75% annually, which corresponded to an 8.84-8.94% annual yield to a 5-year buyback offer, a banking source reported. The initial guidance was set at 8.65-8.85% annually. The issue carries semiannual bonds. Technical placement is preliminarily scheduled for April 9. VTB Capital,…
DetailsRaspadskaya-Koksovaya mine has changed the method of coal extraction. The switch will allow increasing coal output 2.5-fold. The first long face to operate with the new mining method has been prepared. Its length is 225 meters and coal reserves are 886 thousand tons. Monthly output is expected at 150 thousand tons. (Ukrainian metal)
DetailsThe Sixth Administrative Court of Appeals refused to satisfy the claim of the Kiev prosecutors who demanded to cancel the special license given to the Ukrlitiydobycha LLC to extract lithium ore in Kirovograd region. The prosecutors said the license was given in violation of the legislation. The court said, that in 2011 the Ministry of…
DetailsVostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 105.91 million UAH. In particular, the enterprise ordered 2.730 tons of diesel fuel at 26,397 UAH per ton, 610 tons of A-92 petrol at 27,864 UAH per ton 41 tons of white spirit at 48 UAH per…
DetailsSukhaya Balka intends to borrow $30 million from the state Oschadbank and will also act as a guarantor on the similar loan of Dneprovsky Iron and Steel Works. These issues will be discussed at the annual shareholders meeting scheduled for April 11. The loan will be provided for 36 months with the interest rate of…
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