The U.S. Court of International Trade has upheld an earlier decision to apply a 184.56% duty on imports by Russian steel producer Severstal, Bloomberg reported on March 28, citing the court decision. The U.S. Commerce Department slapped the duty on hot-rolled and sheet-rolled steel imported by Severstal between December 2014 and November 2015. The authority…
DetailsInternational rating agency S&P Global Ratings (S&P) has placed B+ long-term ratings of pipe producer TMK in foreign and local currency on the list for possible upgrade, the agency said in a statement. The rating decision followed the announcement of a sale of TMK’s affiliate in the U.S. IPSCO Tubulars. (Prime/Ukrainian metal)
DetailsCentral Asian Uranium Company will invest in Kara-Balta Mining Plant OJSC (KBMP) and uranium mining at Kyzyl-Ompol deposit. Representative of Russian shareholders Andrey Akimov, General Director of KBMP Daniyar Isakov and Vladimir Popov, the main shareholder of the Central Asian Uranium Company, announced at the Kyrgyz-Russian Interregional Conference. According to them, with the support of…
DetailsIn January-February Ukraine exported 3.3 million tons of ore via seaports, up by 44.8% YoY. Ferrous metals exports dropped by 3.8%, to 2.7 million tons. The Yuzhniy port exported the most ore – 2.8 million tons, up by 63.8%. Lately iron ore exports via seaports have been decreasing – in three years they fell by…
DetailsAccording to the President of Ukraine Petro Poroshenko’s order, the state enterprise Lvivugol has to receive 200 million UAH from the state budget. The money will be spent to purchase machinery for the Mezhirechenskaya, Lesnaya, Stepnaya and Chervonogradskaya mines. Commissioning of new long faces at these four mines will increase coal output in Q1 by…
DetailsNordgold is not planning to launch the Uryakh project in Irkutsk region in the short-term. According to the company, the resources available are not enough for the construction of a separate mine. Thus, this year the company will be carrying out additional prospecting to increase the Uryakh resource base. Nordgold intended to start gold extraction…
DetailsThe Siberian Manufacturing-Geological Enterprise, a part of the state holding Rosgeologia, has found three promising sites with gold ore within the Aldan-Maadyr node in the Republic of Tyva. The enterprise has been prospecting for ore gold there under a contract signed in July 2017. As a result of drilling the enterprise was able to find…
DetailsVyksa Iron and Steel Works is finishing modernization of two lines at the pipe cutting sites of the pipe electric welding shop No. 5. The project began in 2016. The need for the modernization was due to the expiration of the previous machinery lifetime. Earlier the company has put into operation new Japanese thread cutters.…
DetailsOskol Electrometallurgical Works is constructing a site of rolled metal thermal treatment with the annual capacity of 70 thousand tons. The company specialists have started assembling the main machinery; the first section of the first furnace has already been assembled. It is expected that the first rods will be thermally treated in late 2019 –…
DetailsEvraz is selling 1% of the Yuzhniy Mining and Processing Works to its shareholders. The cost of the deal is $32.3 million. The shares will be purchased by Lanebrook Limited. Evraz bought 1% of UGOK in 2008 for $38 million. In 2018 UGOK produced 12.2 million tons of concentrate and 1.7 million tons of sinter.…
DetailsSince December 2018, Nord Supra LLC, Waiton Company LLC and Technomine Invest LLC have received 20 orders from the state mine groups valued at 143.1 million UAH. In particular, the state enterprise Mirnogradugol placed orders valued at 75.96 million UAH, Yuzhnodonbasskoye No. 1 Mine Group – 54.19 million UAH, Mine named after Surgay – 10.26…
DetailsEarly on March 27 a fire broke out at the ventilation drift of the Pokrovskaya mine of the Pokrovskoye Mine Group in Donetsk region. 29 miners were evacuated. The fire broke out at the depth of 815 meters. There were no casualties. (Ukrainian metal)
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