ArcelorMittal Kriviy Rih is shutting down its double-bath steel mill No. 6 in the open-hearth furnace shop for scheduled repairs. According to the company statement, investments in the repairs will total 54.5 million UAH. Some 320 subcontractors will be working on the project each day. In spring the double-bath steel mill No. 6 was shut…
DetailsThe shares of Centerra began rising in price at the Toronto Stock Exchange after the statement of the government of Kyrgyzstan on the agreements reached with the investor. On September 5, the value of Centerra’s shares was $6.05, on September 6 – already $6.23, and on September 7 they rose in price to $6.7. As…
DetailsSiberian Mining-Metallurgical Alliance (SiGma) will put the first stage of Ozernovskoye Mining and Processing Works in Kamchatka with the capacity of 100 thousand tons of ore or 2 tons of gold in operation in November. “We have finished constructing the road. In October we will start assembling the processing line. This year we plan to…
DetailsThe Arbitrary court of Sverdlovsk region will study the case on acknowledging Ural Metal Company insolvent. The claim was submitted to the court on September 5 by Verkhnyaya Salda Iron and Steel Works LLC. The company claims 375.215 million rubles. Ural Metal Company was registered in 2007. Its main activity is wholesale trade in metal…
DetailsThis year Gaysky Mining and Processing works has for the first time used HoldCag power cables with wire armor, produced at Electrocable.
HoldCab also features polymer coating.
The first out of four cable threads has been built in the Novaya mine shaft. It consists of 3 sections of 400 meters each. (Ukrainian metal)
“The less conflict fields, the better the dialogue, the sooner the positive investment climate in the country is formed and it becomes more attractive for foreign partners,” head of the Association of Markets, Service and Trade Enterprises Sergei Ponomarev said, commenting on the agreements reached between the Kyrgyz government and Centerra. “All major world investors,…
DetailsIn January-June Zaporizhstal fulfilled all the 122 conditions lined out in the collective agreement for this year. The total amount of financial obligations under the agreement in H1 reached 180 million UAH. Average salary increased by 20%. Bonuses to the authors of the best ideas of efficiency reached 2 million UAH. 170 young employees received…
DetailsShareholders of Evraz – Dneprovsky Iron and Steel Works intend to increase the company charter capital by 30.4%, from 574.99 million UAH to 749.99 million UAH by placing additional 700 million shares with the value of 0.25 UAH. The issue will be discussed at the extraordinary meeting of shareholders on September 22. According to one…
DetailsThe mining and processing complex of Magnitogorsk Iron and Steel Works comprises of a mine shop, an ore-dressing factory, a sinter shop, a grinding-kilning shop and the sinter charge preparation shop. For the past several years the shop has undergone a massive reconstruction. In particular, the company has reconstructed the sulfur-exhaust machine, which allowed increasing…
DetailsRusHydro and Rusal will not continue constructing Boguchansky Aluminum Works. “The further expansion of BoAZ to the projected 600 thousand tons will not be necessary, as the partners decided to finish construction of another plant”, RusHydro CEO Nikolai Shulginov declared. “We’re switching to another plant, as it is more efficient”. In autumn 2016 the companies…
DetailsThe throughput of the railroad rout Kamysh-Zarya – Volnovakha, through which Mariupol metal works get raw materials, is too low, Azovstal CEO Enver Tskitishvili told the infrastructure minister Vladimir Omelyan. According to him, on average 15.8 pairs of cargo trains go via this route daily, despite the fact that Ukrzaliznytsia invested a lot to increase…
DetailsThe Antimonopoly Committee is questioning the interested parties on the situation on the coke market. The survey will be carried out by September 30 at the request from Private Ltd Liability Co. Metinvest BV (the Netherlands) as to the purchase of Dneprodzerzhinsk By-Product Coke Plant. The company wants to buy over 50% shares. At present…
DetailsMining and metallurgic company Norilsk Nickel plans to make a final decision on its participation in development of the Baimskoye field in Russia’s northernmost Chukotka Autonomous District until the end of 2017, Vice President Yelena Bezdenezhnykh reported on the sidelines of the Eastern Economic Forum on September 6. “We have been evaluating the potential of…
DetailsIn January-August Ukraine imported $54.330 million worth of copper and copper wares, up by 50.9% YoY. According to the State Fiscal Service, copper exports went up by 72.3% YoY, to $81.779 million. In August copper exports totaled $8.959 million, and imports – $6.882 million. Nickel and wares imports dropped by 13.8%, to $50.664 million ($5.646…
DetailsIn January-August Ukraine increased ferrous metals export revenue by 16.2% YoY, to $5.48 billion. According to the State Fiscal Service, ferrous metals accounted for 19.93% of the total exports, down from 20.76% in January-August 2016. In August Ukraine exported $732.55 million worth of ferrous metals, up from $667.7 million in July. In 8 months Ukraine…
DetailsIn January-August Ukraine exported 25.78 million tons of iron ore raw materials, down by 5.4% YoY, valued at $1.74 billion, up by 54.2%. According to the State Fiscal Service, China (28.45%), Slovakia (11.04%) and Austria (11%) were the main importers of Ukrainian iron ore raw materials. In 8 months Ukraine imported 204.89 thousand tons of…
DetailsIn January-August Ukraine imported 11215.24 thousand tons of coal valued at $1685.139 million, including $212.998 million in August, up by 10% and by 86.8% YoY respectively. At the same time Ukraine exported 419.522 thousand tons of coal valued at $67.83 million, including $36.449 million to Russia, $25.746 million to Slovakia, $2.566 million to Turkey and…
DetailsTominsky Mining and Processing Works, a part of RMK, intends to start hiring employees in September. According to the company statement, the process presupposes hiring managers and specialists, as well as ordinary workers. This year TGOK will employ 60 people, bringing the total to over 100 employees. In 2018 the company will provide jobs for…
DetailsCherepovets Iron and Steel Works intends to increase sales of metal to clients who pay special attention to surface quality. For this the company will modernize its metal treatment shop No. 2. Investments will total 1 billion rubles. In particular, the company plans to expand the existing shop premises and assemble a number of mills…
DetailsZaporozhye Titanium and Magnesium Works has passed a certification of one of the largest Chinese consumers of titanium sponge – GoldSky. “Thus ZTMK has received the right to supply titanium sponge to GoldSky”, the company reported. The passing of certification of major world titanium buyers is a part of ZTMK sales market expansion program. “Thanks…
DetailsMintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…
DetailsIn August Ukrainian mining and metal companies received only 21% of the railroad cars they needed. “It’s still early to say about the improvement. There is still an irregularity in provision. As to the mining and metal companies, some of them get just 0-15% of the cars needed”, Ukrmetallurgprom president Alexander Kalenkov said. But since…
DetailsDTEK Energo has increased investments in development and modernization of its combined heat and power plants and mines. In January-August the group invested 3.6 billion UAH, up by 80% YoY. In particular, investments into DTEK Pavlogradugol and DTEK Dobropolyeugol totaled 2.9 billion UAH. This allowed increasing output of gas coal, which is supposed to completely…
Details“The agreements of Centerra and the government of Kyrgyzstan will have a good impact on the investment climate of the republic,” the head of the International Business Council Askar Sydykov said, commenting on the Cabinet’s statements on the agreement reached. “A detailed assessment of the agreements can be given when all of their details will…
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