The open-pit mine of Stoilensky, the second largest producer of iron ore concentrate in Russia, has launched a pilot project to implement a personnel-positioning system. The system will improve the safety of open pit mining, as it will enable timely response to emergency situations through monitoring and analyzing the personnel’s actions and equipment operation. The…
DetailsInternational rating agency Fitch Ratings has upgraded the long-term issuer default rating of the Russian steelmaker Severstal to BBB from BBB-, with a stable outlook. “The rating upgrade reflects Severstal’s tested conservative financial policy during the supply-driven steel price turbulence in 2016-2017 and increasing protectionism since 2018. Its strong financial profile has been driven by…
DetailsRussian oil companies Rosneft, Lukoil, Gazprom Neft, Surgutneftegas and Tatneft have asked Prime Minister Dmitry Medvedev to allow them selling used oil and gas pipes or using them for construction. Oil companies used to sell used pipes as scrap metal or used up to 80% of the old pipelines for construction. The sold pipes sometimes…
DetailsIn March Sverdlovsk railroad transported 12.3 million tons of cargo, up by 2% YoY. In January-March transportation grew by 1.6% YoY, to 34.4 million tons. In particular, the railroad transported 2.7 million tons of ferrous metals, up by 10.9%, 518.6 thousand tons of scrap (+4.6%), 3.1 million tons of iron and manganese ore (+9.2%), and…
DetailsKMK-Partners has become a resident of the Belogorsk advanced development territory in Amur region. This is the seventh resident registered in the territory. Next year the company will start producing construction metal structures. It intends to produce some 4 thousand tons of metal structures per year. The company will also repair construction machines. Investments in…
DetailsThe Central electrotechical laboratory of Evraz NTMK has turned 60. The order to create the laboratory was signed by the first director of the works in 1959. Now the laboratory performs some 18 thousand control and repair operations of 415 machines, 889 power transformers, and 20 thousand electric appliances. This year the laboratory, employing 74…
DetailsFerrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, has paid bills for the combined amount of $173 million. Ferrexpo is expected to get EBITDA of $500 million in 2018 as opposed to $551 million in 2017. In January-June 2018 its net profit fell by 29.4% YoY, to $152.21 million, while its revenue grew…
DetailsIn February world pig iron manufacture grew by 6.1% YoY, to 95.994 million tons. According to World Steel Association, Ukraine produced 1.59 million tons of pig iron, securing the 9th position in the top-10 pig iron manufacturers, following USA (1.7 million tons), but preceding Taiwan (1.185 million tons). The largest producer is still China –…
DetailsIn January-March, Sayano-Partizanksiy pit in Krasnoyarsk region increased coal output by 5% YoY, to 277 thousand tons. Since the start of the year Russky Ugol has commissioned 4 new machines at the pit. Thus, two new BelAZ-7555B dump trucks have started transporting coal. A Chetra T-35.01 bulldozer and a Hitachu ZW310-5A forklift truck have also…
DetailsA new Rosinka – 50/60 cooling tower has been assembled in the power shop of the Polymetal Manufacture, a subsidiary of Uralelectromed, replacing an outdated machine. The old machine has been operating for 60 years. The new cooling tower has been assembled and tested. (Ukrainian metal)
DetailsThe Chief Expertise Service of Russia has reviewed the design documentation of the reconstruction of the copper-nickel ore mining enterprise and approved it. The Komsomolsky mine, a part of Norilsk Nickel, is situated in the Talnakh district industrial zone of the Norilsk city. Reconstruction will increase the mine capacity to 4 million tons per year.…
DetailsIn 2018 Canadian Silver Bear Resources Plc, developing the Mangazeya project in the Republic of Sakha (Yakutia), produced 594,921 ounces of silver. Ore mining totaled 80,831 tons, and processing – 51,147 tons with the average content of 780 g of silver per ton. Last year the company sold 433,095 ounces of silver valued at $6.4…
DetailsDrazhnik LLC, a daughter company of Susumanzoloto, for the first time in its history put its dredger into operation in March (on March 25). Usually dredgers start working in late April. All the other 7 dredgers will be commissioned shortly. The company will be operating at 8 sites. Last year Drazhnik yielded 1803.6 kg of…
DetailsChelyabinsk Iron and Steel Works has produced rebars for the construction of the South-Urals State University dormitory. The new dormitory for 1.5 thousand students will be constructed in 2020. The building will consist of 2 sections of 11 and 18 storeys, with one-, two- and three-room blocks. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK) has been awarded several medals and certificates at the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. The panel of experts and international jury at the 2019 Archimedes Salon awarded both MMK and the Central Research Institute of Structural Materials (CRISM) Prometey with a certificate and gold…
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