As of September 10 the Vetrensky gold deposits in Tenkin city district of Magadan region yielded 357.8 kg of gold, up by 67% YoY. Last year as of September 10 Electrum Plus, a part of Susumanzoloto, mined 239.4 kg of gold. This year the group management set the output plan for the company on the…
DetailsIn August the metal plating shop No. 2 of Cherepovets Iron and Steel Works produced 63 thousand tons of galvanized metal. The previous record of 60 thousand tons was set in May 2016. Last month the continuous hot alumining and continuous galvanizing mills operated at the maximum capacity. At the same time output increased because…
DetailsIn 2016 consumption of large diameter pipes (LDP) decreased by 35.5% YoY, to 2.14 million tons, as the construction of new pipelines in Russia was slowed. At the same time the oil-and-gas pipes were in a stable demand, which was projected to remain in the near future following the increase of drills and the replacement…
DetailsPhilips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. As a result of the modernization…
DetailsMechel PAO reports a court decision that may have an impact on the value of Mechel PAO’s shares. According to court information, the Fifteenth Arbitration Court of Appeals left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant’s damages. The lawsuit…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 17 million tons of coal this year. The milestone ton was loaded on September 14 onto the Post-Panamax bulk carrier, Blue Wave, the 241st vessel handled since the…
DetailsEvraz Sukhaya Balka reports of the pressure on the enterprise on behalf of companies making obstacles on its way to get licenses for subsoil use. According to the company, it started the process of prolonging the license for 20 years on February 1, 2016, as it would expire in August 2016. But within 60 days…
DetailsArcelorMittal Kriviy Rih has spent some 450 million UAH on the reconstruction of its converter No. 4 in the converter shop. Previously gas-purifying equipment has been replaced at converters Nos. 5 and 6. The project has been implemented within the reconstruction of the whole shop with the replacement of gas-purifying equipment, which is a key…
DetailsIn January-August Ural Pipe Works increase pipes manufacture by 13.3% YoY, to 163.55 thousand tons.
In particular, the company produced 111.81 thousand tons of oil pipes, up by 16.7% YoY, and 51.7 thousand tons of section pipes, up by 6.5%.
Pipe sales increased by 12%, to 162.78 thousand tons. (Ukrainian metal)
The mining works of Polyus at the Natalka deposits in Magadan region will make Russia the second gold manufacturer in the world after China. “The largest gold-mining enterprise in Russian and one of the largest in the world has been commissioned in Magadan region. Its capacity will be 200 million tons of ore per year,…
DetailsIn Q4 Kanchalano-Amguemskaya Field LLC intends to produce the first batch of metals, mined at the Gorny site. Investments into the project total over 2.5 billion rubles. “By 2017 the Gorny site has been prospected. Its reserves are estimated at 1.5 tons of gold”, the company CEO Taras Zhuk reported. The company has already created…
DetailsUralskaya Kuznitsa has shipped the first batch of wagon axles to a wagon-repairing works in Bulgaria. In particular, UralKuz supplied 400 axles to the works situated in the city of Septemvry. The products meet all European quality standards. Under the contract UralKuz will produce over 1300 axles. The company has been manufacturing products for railroad…
DetailsIn January-June exports of metal structures from Ukraine exceeded last year levels. “In H1 Ukraine exported 8.3 thousand tons of metal structures, up almost 2-fold YoY. The main destinations were the Netherlands, Poland, Belgium, China and Lithuania. At the same time Ukraine imported some 1.7 thousand tons of metal structures”, the Ukrainian Center for Steel…
DetailsMetinvest enterprises in the city of Zaporozhye: Zaporizhstal, Zaporozhogneupor, Zaporozhkoks and Zaporozhye Casting and Mechanical Works – will employ 250 young specialists. In 5 years Zaporozhye companies employed over 2 thousand graduates from schools and higher educational establishments. The enterprises have a number of educational and motivating programs to improve professional and personal qualifications. Zaporizhstal…
DetailsIn January-August Zaporozhye Iron Ore Complex produced 2.847 million tons of iron ore, down by 2.1% YoY. Average iron content in the ore was 61.22%, up by 1.2% from the target. The company sold 2.877 million tons of ore (97.4%). In August ZZhRK mined 403.2 thousand tons of ore (up by 0.05% from the target)…
DetailsBolotbek Idirisov became the new general manager of Kumtor Gold Company, press service of Kyrgyzaltyn reported. According to it, three Kyrgyzstanis will be among the managers of Kumtor enterprise. Bolotbek Idirisov, who became general manager of Kumtor Gold Company, is one of them. “Bolotbek Idirisov started working at Kumtor in 1995 as a mining surveyor.…
DetailsRussian Platinum group of companies plans to start production of ore at the copper, nickel and platinum-group metals fields Norilsk-1 and Chernogorskoye in 2020, earlier than 2023 and 2022, respectively, envisaged by licenses for the fields. A representative of the Federal Mineral Resources Agency said the company had not requested changes in deadlines for launches…
DetailsLvivugol welcomes the increase of coal price for power-generating companies and combined heat and power plants. “I am sure that coal mined in Ukraine should not cost less than that purchased in other countries. If the difference in prices is removed, this will provide for the stable development of the mining industry and would stimulate…
DetailsArcelorMittal Kriviy Rih plans to have finished construction of the coke battery No. 5 by H1 2018. According to the project and program director of the investment and engineering department Yegor Klimenko, the cost of the project to reconstruct the coke battery No. 6 begun in July is $128 million, and together with coke battery…
DetailsOne more license has been given in the Republic of Khakasia to conduct activities connected with ferrous and non-ferrous scrap. The company to receive the license was Sorsk Mining and Processing Works. Now SGOK may procure, store, process and sell such a scrap. At present there are 43 licenses to conduct this activity in the…
DetailsOver 800 tons of Evraz rails have been shipped to the city of Nizhniy Novgorod to construct the railroad to the new subway station of Strelka. For this order Evraz ZSMK produced R50 rails with the length of 25 meters. Evraz rails have been used in most of Russian and CIS subways. They have been…
DetailsSeverstal positively assesses the results of its E-store operation. “An Internet store is no competitor to traditional ways of selling our products, but an additional way to cooperate with the clients. The constantly growing number of users shows that this way of communication is in demand”, Severstal Management marketing director Dmitry Gorshkov noted. According to…
DetailsVyksa Iron and Steel Works has produced the first batch of high-speed wheels for Estonia. The diameter of the wheels is 870-880 mm, and they are specifically built for the speed of 200 km per hour and will be used at the Stadler FLIRT passenger trains. “Such wheels, just like any other products for high-speed…
DetailsThe new subdivision of Metinvest – the Technical Service Department – will deal with orders and technical support of customers, the department director, ex-CEO of Mariupol Ilyich Iron and Steel Works Yuri Zinchenko said. “I’m currently chairing a new and very important division, it’s new both for the company and for the industry – the…
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