S&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…Details
AzerGold is looking for a company to provide transportation and precious metals ingots delivery services. The company will be chosen at the open tender. The cost of participation is 250 manats. All the offers are accepted through February 26. The tender will be held on February 27. AzerGold was created by the decree of the…Details
In 2017 Magadan region obtained almost 33 tons of gold, up by 5 tons YoY. Pavlik developing the deposits of the same name mined 6.5 tons of gold. Susumanzoloto is still the best alluvial gold extractor – 4 tons. This year the region intends to increase output. In particular, the new mine named after Matrosov…Details
Mikhailovsky Mining and Processing Works has put two new locomotive units in operation. The new machinery has been purchased under the investment program of Metalloinvest to improve efficiency of manufacture. The locomotive units have increased power, which enables to use 11 dump cars in one train instead of 10. The machinery will transport ore from…Details
Rusal and Energoprom have signed a 5-year contract for the delivery of cathode blocks at the volume of 21.5 thousand tons per year. According to the agreement, in 2018-2022 Energoprom will cover up to 70% of Rusal aluminum works needs in carbon-graphite raw materials. The products will be supplied from Novosibirsk Electrode Works. “This is…Details
Severstal has concluded a contract for the delivery of equipment for vertical and horizontal stands and the modernization of the laminar machine of the 2000 hot-rolling mill at the Cherepovets Iron and Steel Works. Investments in modernization total 2 billion rubles. The machinery will be supplied by Primetals Technologies (Austria). The project is to be…Details
Export of Russian coal in 2017 increased by 4% YoY, to 185.136 million tons, the Ministry of Energy said.
The commodity exports volume in December 2017 reached 15.082 million tons.
Coal mining in December 2017 amounted to 36.097 million tons, of which 32.821 million tons were delivered. (PortNews/Ukrainian metal)
Insolvency administrator to the bankrupt KVV Liepājas metalurgs Guntars Koris has decided to sell property owned by the company at an auction, as confirmed by the administrator’s representative Dzintars Hmieļevskis. This decision was made because none of the contenders to purchase KVV Liepājas metalurgs had complied with conditions put up by creditors and had not…Details
The joint Tajik-Chinese precious metals manufacturer Zeravshan is undergoing a reconstruction. “At present we are renewing the production line, thus mining has been suspended”, the company reported. Zeravshan is the largest precious metals miner in Tajikistan with the share of 70%. It was founded in 1994 on the basis of the gold-extracting factory, which began…Details
In 2017 the Russkiy Ugol Company mined 14.1 million tons of power-generating coal, up by 4% YoY. Krasnoyarsk region pits provided 6.5 million tons of coal, Republic of Khakasia – 4.2 million tons, and Amur region – 3.4 million tons. Pereyaslavsky pit in Krasnoyarsk region increased output by 8% YoY, to 5.6 million tons, while…Details
In 2017 Russian Railroads purchased 1 million 56.3 thousand tons of rails. In particular, Evraz sold 719.8 thousand tons and Mechel – 329 thousand tons. Some 7.5 thousand tons were purchased from Aktyubinsk Rail and Beam Works (Kazakhstan). RZhD uses rails both for new construction and for repair. In 2016 RZhD purchased 947.7 thousand tons…Details
Beloretsk Iron and Steel Works and the government of the Bashkortostan Republic have concluded an investment agreement on tax preferences for the development of the investment project on the manufacture of multi-thread steel ropes at BMK. The preferences will be provided from 2019 till 2021. And the volume of funds freed from taxes is over…Details
Tulachermet-Steel has commenced the commissioning works at the 9501 rolling mill. The assembly of the equipment started in August 2017. At present the assembly is 97% complete. The construction of the integrated foundry-rolling complex using the converter technology began in 2013. The first stage presupposes the manufacture of 1.7 million tons of sections and bars…Details
Residents of Oruktu village oppose development of Solomo gold deposit. According to them, in 2015 the company KGM Ltd. received a license to develop the field. At the same time, it pledged to pay 300,000 soms a month as a social package. However, the payments ceased after eight months. As of today, the company owes…Details
The activist of the newly created Independent Primary Union Organization of Pavlogradugol Andrei Karpenko, who has recently gone on a hungry strike, happened to be a fugitive from the uncontrolled territory of Lugansk region. According to the law-enforcing services, prior to moving to Pavlograd he has been working at a mine, now seized by the…Details
In 2017 Petropavlovsk Plc produced 13.62 tons of ore gold in Amur region, or 53% of the total output.
The output increased by 9.7% YoY, or by 1.2 tons. The increase was provided by 3 out of 4 company mines: Pioner, Albyn and Malomyr. Pokrovsky mine decreased output. (Ukrainian metal)
Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka. The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month. By the end of the second quarter the company intends to have obtained 505 kg of…Details
Serebro Magadana, a part of Polymetal, has started processing ore from the Verkhne-Menkeche deposits. So far the gold-extracting factory has received 350 tons of ore. This ore contains 900-1600 grams of silver per ton, as well as lead, zinc and some other minerals. There is no gold in it. The factory plans to process 45…Details
Magnitogorsk Iron and Steel Works has concluded an investment contract with Danieli & Officine Meccaniche S.p.A. on the modernization of the 170 two-thread mill in the bar shop. The price of the contract is 5.5 million euros. The project is expected to be concluded in 2019. The project presupposes the modernization of the cooling rolling…Details
Chelyabinsk Iron and Steel Works has produced rails for the reconstruction of railroads near the Baikonur and Plesetsk cosmodromes.
The products have been shipped to one of the Roskosmos enterprises.
So far around 1 thousand tons of R65 rails have been supplied. The deliveries will continue this year. (Ukrainian metal)
Severstal has started delivering ArmaNorma (A600C) rebars for the construction of the Akkuyu nuclear power plant in Turkey. In December 2017 the group shipped the first batch of rebars weighing 400 tons for the foundation of the power plant. Some 1.6 thousand tons of rebars more will be delivered in early 2018. “Participation in such…Details
Russian gold producer Polyus has cancelled an agreement to sell a 15% stake to China’s Fosun, the company said in a statement on January 15. “Polyus, the largest gold producer in Russia, notes the announcement made earlier by Polyus Gold International Limited that the agreement to sell 12,561,868 of the ordinary shares in the company…Details
Energomashspetsstal has produced a batch of rolls for Azovstal Iron and Steel Works. According to the company statement, the rolls have been mechanically treated and shipped to the customer. The total weight of the batch is 315.18 tons. The rolls will be used in the bar manufacture. In 2016 EMSS received 1.497 billion UAH of…Details
NLMK-SAP Innovations Lab together with the National Center of Internet of Things (NCIT) have developed a pilot 3D positioning system for shop-floor employees of hot-dip galvanizing line No.1 at NLMK Group’s Lipetsk site. The system enables real-time tracking and analysis of equipment operating mode changes and employee positioning. The tracking information, amassed in a database,…Details