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Metinvest has started preparing the construction site for the new shop to produce cold-rolled metal, galvanized and painted coils at the Mariupol Ilyich Iron and Steel Works. Investments in the project will exceed $1 billion. The length of the shop will be 750 meters and width – 140 meters. The construction will be carried out…
DetailsIrshansk Mining and Processing Works, a subsidiary of the United Mining and Chemical Company, has concluded an agreement with United Global Logistics LLC on transportation services valued at 58.8 million UAH. Until March 31, 2022, the company has to organize transportation of ilmenite concentrate from the Nova Borova station in hopper cars (65-72 tons). In…
DetailsIn January-October, Interpipe increased steel output by 23.3% YoY, to 790 thousand tons. Railroad products manufacture dropped by 12.2%, to 141.5 thousand tons, while that of pipes grew by 28.8%, to 499.7 thousand tons. In October, Interpipe produced 63.2 thousand tons of steel, 14 thousand tons of railroad products and 56.3 thousand tons of pipes.…
DetailsIn January-September, Russia produced 268 tons of gold. Ore gold amounted to 219 tons, auxiliary gold – 13 tons, secondary gold – 25 tons and gold in concentrates – 11 tons. This year, the Union of Gold Miners expects output to reach 366 tons. At the same time, demand could drop by 3%, to 362…
DetailsIn January-October, trade turnover with Turkey amounted to $1.67 billion, including $260.09 million of exports, up by 66.4%, and $1.42 billion of imports, up by 25.3%. The export of semi-finished products of pig iron and unalloyed steel occupied the fifth place in the export structures, accounting for 37742 tons, up by 42.6%. Revenue totaled $20.34…
DetailsNikopol Ferroalloy Plant has started returning its furnaces to operation, after it decreased output in October due to a drop in demand for ferroalloys and another growth of electricity prices. All the company employees have returned to work, and the enterprise is increasing output. The furnaces Nos. 8 and 15 have already been switched on,…
DetailsIn January-October, Ukraine produced 8 million tons of 6% moisture coke, on par with the previous year level. In October, output totaled 738 thousand tons, in September – 702 thousand tons, in August – 811 thousand tons and in July – 826 thousand tons. By-product coke plants received 10.662 million tons of coking coals, down…
DetailsIn January-October, Magadan region extracted 45.43 tons of gold, up by 6% YoY. Ore gold accounted for 26.88 tons (+6%) and alluvial – 18.55 tons (+5.6%). Silver output grew by 11%, to 544 tons. This year, gold output is expected at the level of 48 tons and silver – 580 tons. (Ukrainian metal)
DetailsA new initiative will see metallic rare-earth elements (REE) products manufacturing set up in Ida-Viru County, thanks to a deal between the Estonian state and the private sector. The project fits into the state’s green transition strategy. Estonian metallurgy firm NPM Silmet is to construct a major plant in Sillamae, Ida-Viru County, which will produce…
DetailsThe Russian state corporation VEB.RF will provide $800 million to Almalyk Mining and Processing Works for construction of the copper-processing factory. Earlier, the enterprise concluded a contract with UZTM-Kartex (Uralmashzavod) and Enter Engineering for $2 billion for the financing of the construction and delivery of machinery in 2022. Enter Engineering will build the factory, while…
DetailsIn January-October, Interpipe increased pipes sales by 16.6% YoY, to 459.1 thousand tons. Sales of OCTG pipes grew more than 2-fold, to 135.3 thousand tons, linear pipes – by 5.6%, to 257.5 thousand tons, and pipes for machine-building – by 37%, to 20 thousand tons. Welding pipes sales dropped by 32.3%, to 46.3 thousand tons.…
DetailsEnergomashspetsstal has successfully passed the inspection of billets for the nuclear reactor of the Akkuyu NPP block No. 3 (Turkey). The inspection of three billets for the reactor body and the main circulating pump has been carried out in 4 days. The billets will be shipped in late November. The batch will comprise two spheres…
DetailsIn January-September, Silver Bear Resources, developing silver deposits in Yakutia, produced 806.8 thousand ounces, down by 46.3% YoY. The decrease is due to the drop in output (-30.1%) and processing of ore (-37.6%). In particular, in Q2 the company special machinery was mostly used to expand the Vertikalniy quarry. Moreover, silver content in ore fell…
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