Metalloinvest announced the signing of an additional loan agreement with ING Bank. According to the terms of the agreement, the ING Bank has increased the limit of the company’s revolving credit line from $100 million to $150 million and extended the duration of the loan by two years. The bank has also improved the terms…
DetailsOn February 6, the South-Western Railroads, a subsidiary of Ukrzaliznytsia, held its first scrap auctions with the total value of 4.2 million UAH. The trade was announced on January 25. Only 2 companies participated: Nizhin Research and Mechanical Plant (NDMZ) and Trading House Budkom. The initial price of the auction was 5935 UAH per ton.…
DetailsNovotroitsk Plant of Chromium Compounds has invested 868.1 million rubles in construction of a ferroalloy production facility in the city of Novotroitsk, the Orenburg region government said in a statement. The annual production capacity of the new facility is 240 tons of degassed aluminothermal chrome in the form of tablets, 7.1 tons of metallurgic chrome…
DetailsIn 2016 Almalyk Mining and Processing Works manufactured an industrial machine to produce coal briquettes. The further works is underway.
In January the works produced and assembled 5 new machines. By May the company plans to have produced 61 units.
In January coalmining companies of the Siberian Coal and Power Company in Zabaikalsky Krai increased deliveries of coal by 11.6% YoY. The increase was the result of the grown demand from power companies, and miners even had to work during New Year holidays. In 2016 SUEK mined 4.4 million tons of coal, up by 208.8…
DetailsAlmalyk Mining and Processing Works started manufacturing new product – copper wire.
The output at the shop will reach 5 thousand tons of copper wire per year with the diameter of 1-4.5 mm.
Raw materials – copper wire rod – will be supplied by Uzkabel.
The project allowed creating 23 new jobs. (Ukrainian metal)
The Russia-supported militants are prepared to “nationalize” major industrial enterprises, according to the head of the terrorist organization Lugansk People’s Republic Igor Plotnitsky. The so-called “parliament of LPR” has approved of the decree to make amendments to the law “On taxes”. According to it, all the companies operating in the region, but not registered in…
DetailsMikhail Spektor has been appointed the president of Black Iron to speed up the implementation of iron ore extraction and processing project in Ukraine. According to the company statement, up till September 2015, he has been the president of the VS Energy. Spektor will be responsible for obtaining all the necessary permits from the government…
DetailsFinancial results of the Severstal Group cannot be considered satisfactory, Severstal CEO Alexander Shevelyov said. “If we analyze the results we will see that Severstal, unfortunately, has shown the worst dynamics among metal companies in Russia. We have increase profit from sales compared with 2015, but it is considerably low than that of NLMK or…
DetailsMagnitogorsk Iron and Steel Works has announced that board of directors held a meeting on February 10. The board has approved May 26, as the date for the annual general meeting of shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 2, at the close…
DetailsRussian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…
DetailsThe licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…
DetailsMariupol Ilyich Iron and Steel Works decided to decrease output because of the blockade of the railroad to the uncontrolled territories. “The stable transport connection is part and parcel of the functioning of our enterprises. Our raw material stocks are dwindling. We even have to make a decision to decrease output. Without the operation of…
DetailsDarnitsa Car-repairing Plant, a part of Ukrzaliznytsia, has announced 22 tenders to buy wheels valued at 248.14 million UAH. Interpipe is winning at six of them. Two large orders (127.29 million UAH and 50.92 million UAH) were announced separately with the publication in English. Other 20 orders cover 69.93 million UAH. 5 of them have…
DetailsKrasnoarmeyskugol has decided to order personal protection units valued at 2.72 million UAH from Donenergoexport LLC. The previous two tenders have been cancelled due to the lack of participants. The enterprise intends to order 2600 breathing masks and 190 thousand filter elements at unknown price. In January mine named after Surgay ordered the same products…
DetailsInterpipe has supplied 3 thousand railroad wheels to the Saudi Railways Organization. According to the company statement, the total number of the KLW brand wheels to be delivered is 14 thousand units. Interpipe will produce and supply 3 types of wheels for railroad cars and locomotives with 838, 920 and 1046 mm diameter. The company…
DetailsMetinvest mining and metal company in January paid $2.747 million of interest under the eurobonds due in 2016-2018 being restructured. According to a report on the Irish Stock Exchange, the amount is equal to 30% of accrued and unpaid interest under the notes from and including December 31, 2016 up to but excluding January 31,…
DetailsEnergomashspetsstal will produce a batch of rolls for Evraz-DMZ. The contract for delivery was concluded in January. According to the agreement EMSS will produce 14 working rolls with the total weight of 175.3 tons. The rolls will be used at the rolling mill of Dneprovsky Iron and Steel Works. After mechanical and thermal treatment rolls…
DetailsIn January one of the leading gold-miners of Irkutsk region – Druza – mined 56.3 kg of gold. At present gold is mined only at the Nevskoye deposits. Operation at other deposits will commence in March. In 2017 the company plans to keep the last year levels of output. In 2016 Druza mined 1130 kg…
DetailsVSMPO-Avisma has put a new homogenizing furnace into operation.
This is the fifth machine to be constructed in shop No. 1.
The furnace was designed, constructed, assembled and put into operation by the company specialists.
The homogenizing or the artificial ageing improves the metal structure. (Ukrainian metal)
Ukraine has enough resources to stop using the anthracite coal delivered from Donbass in case the corresponding political decision is taken. “If a political decision is taken and on the governmental level we are told to block and not exchange goods anymore, Ukraine has enough resources to completely stop buying the anthracite coal”, energy and…
DetailsIn 2017 Koks-Mining enterprises intend to increase coal output by 23%, to 2.7 million tons from 2.2 million tons in 2015. According to the company CEO Victor Shevtsov, output could grow even more – to 2.9-3 million tons, as this spring the company plans to greatly increase its mining capacities by putting into operation the…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has finished the scheduled capital repairs of its quality and stainless steel producing complex. The repairs cost around 20 million rubles. All the three mills of the complex were repaired. The main mill – the continuous cast machine No. 2 – saw the largest volume of…
DetailsIn 2017 the Kimkano-Sutar Mining and Processing Works will bring around 300 million rubles of taxes to the budget of the Jewish Autonomous District, the regional governor Alexander Levintal announced. By mid-2017 it is planned to put the works to full operation. According to the company CEO Yuri Makarov, in December 2016 the works produced…
DetailsThe management of the United Mining and Chemical Company was prepared to privatize the company in its favor. “The accusations of the National Anticorruption Bureau of Ukraine of the blocking of the UMCC activities and the breakup of privatization are contrary to the fact and draw the attention away from the real situation at UMCC”,…
DetailsOn February 5-8, the anthracite coal stocks at Ukraine’s thermal power plants increased by 18 thousand tons, or by 2%, to 876 thousand tons. According to the national power-generating company Ukrenergo, as of late February 5, there was 1609 thousand tons of coal at the warehouses, including 858 thousand tons of anthracite, with 186 thousand…
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