Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and a regional producer of high-quality steel, has signed a binding agreement with the company Ultramar for the construction of a specialised terminal for the transfer of iron ore pellets and HBI at the Ust-Luga port, located in the Leningrad region. The…Details
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Governor of Zabaikalye Region Natalya Zhdanova, Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev and General Director of Baikal Mining Company Yury Ryabov solemnly declared start of construction of Udokan Mining and Metallurgical Plant. A memorial stone was placed at the construction ground level, with embedded special case containing a letter…Details
A Jeffersonville company has been granted relief from a Trump Administration trade policy that went into effect more than a year ago. POSCO Steel said that will allow it to increase production, which could create new jobs. The business, headquartered in South Korea, opened a location in the Port of Indiana in 2017, but policies…Details
NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said the government will withdraw enhanced surcharge levied on long and short-term capital gains. The FM also announced the withdrawal of enhanced surcharge on FPIs. Pre-Budget position restored on surcharge on domestic investors too, she told media. Data showed FPIs have pulled out Rs 23,000 crore from…Details
POSCO has completed the construction of its first overseas plant that produces cathodes for rechargeable batteries, signaling its entry into the global battery market. The company held a completion ceremony for the plant in Zhejiang Province, China, which can manufacture 5,000 tonsne of cathodes a year. The POSCO board approved a plan to set up…Details
Brazilian steelmaker Usiminas is currently operating at 42% of its rolling capacity for flat steel, chief executive officer Sergio Leite told reporters on the sidelines of the Brazilian Steel Conference on Wednesday August 21.
Brazilian steelmaker Usiminas is currently operating at 42% of its rolling capacity for flat steel, chief executive officer Sergio Leite told reporters on the sidelines of the Brazilian Steel Conference on Wednesday August 21. Weak market conditions were restricting the throughput at the company’s Cubatão and Ipatinga units, while global trade protectionism was preventing the…Details
Business activity, in August, is generally subdued in the Nordic markets, as participants return from annual holidays. The US-China trade war continues to have a negative effect on sentiment. Reduced automotive production, principally in Germany, is starting to disturb other market sectors. Uncertainty surrounding Brexit is having a disruptive impact on trade flows. These factors…Details
In January-June automobile transportation of metal and mining products decreased. In particular, transportation of iron ore fell by 40%, to 415.3 thousand tons, and of metal – by 15.6%, to 1.49 million tons. According to the State Statistics Service, transportation of iron, steel, pig iron and ferroalloys dropped by 2.4%, to 370 thousand tons, of…Details
As of August 1, Magadan region has extracted 23.791 tons of gold, up by 4886 kg YoY. Tenkinskiy city district provided the most ore gold – 11496.1 kg. Alluvial gold output totaled 8022.8 kg, with the most gold contributed by Yagodinskiy city district (3304.6 kg). The region has also mined 388.4 tons of silver. The…Details
MirBlagMet LLC, developing alluvial gold deposits in Amur region, has since the start of the season obtained 73 kg of gold. The rise of the water level in the Dugda River, where the company is operating, has complicated the sand washing. If the water level continues increasing, the company will have to suspend operation. At…Details
Magnitogorsk was removed from a list of Russian cities with very high levels of air pollution, according to a report by the Federal Service for Hydrometeorology and Environmental Monitoring (Roshydromet) in 2018. Thanks to MMK’s large-scale environmental programme, the Comprehensive Air-quality Index (CAI) indicator for the city will be reduced to a low level by…Details
In June Russia imported 127.8 thousand tons of manganese ore and concentrate, up by 55.2% MoM and by 17.5% YoY. South Africa accounted for 100 thousand tons, up 2-fold MoM. Kazakhstan slightly increased supplies, to 14.6 thousand tons, while imports from Gabon dropped by 27%, to 12.7 thousand tons. In January-June Russia imported 517.6 thousand…Details
“The safety of workers in Georgia’s mines is at serious risk,” reads the beginning of the first paragraph of the Human Rights Watch research “No Year without Deaths: A Decade of Deregulation Puts Georgian Miners at Risk”. The 60-page research says that the risk is caused by “insufficient government regulation and resulting mining practices that…Details