In 2018 Buryatzoloto, the largest gold-mining company in the Republic of Buryatia, investments totaled 1.74 billion rubles, up by 3% YoY. Most of the funds – 725 million rubles – were spent on development and new technologies of the Irokinda and Kholbinsky mines. 600 million rubles were invested in modernization of the manufacturing capacities and…Details
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NLMK Group, a global steel company, has begun hot testing of its accelerated cooling system at NLMK DanSteel’s hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company’s product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels. The new accelerated cooling system is…Details
A company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market. The offering is proceeding with an accelerated book building. VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)Details
The Ministry of Economic Development and Trade is initiating an antidumping investigation on the import of some Russian steel ropes. The ministry received a complaint from a Ukrainian manufacturer, claiming that in 2016-2018 imported Russian steel ropes price was below the prime cost of similar products. In 2018 the imports of Russian ropes grew by…Details
ArcelorMittal Kriviy Rih intends to increase 6% moisture coke manufacture by 6% YoY, to 2.878 million tons. A special car to quench coke valued at 8.8 million UAH is being assembled at the company. Together with work investments totaled 10 million UAH. The car was produced by Dneprotyazhmash. The new car will be used at…Details
In January-March Druza LLC extracted 195.7 kg of ore gold in Irkutsk region, up by 8.2% YoY. In Q1 2018 Druza mined 180.8 kg of gold. At present the company is operating at only one site – Nevsky gold ore deposit. In May the company will start developing alluvial sites. This year Druza plans to…Details
Gaysky Mining and Processing Works has commissioned an Uralmashzavod jaw crusher. Until the end of the year UMZ intends to produce over 30 large crushing machines, up almost 2.5-fold YoY. The jaw crusher has been assembled at the first crushing stage of the processing factory. (Ukrainian metal)Details
Revyakino Iron and Steel Works has started manufacturing A500C sections with the diameter of 16 mm. The increase in output has reached 15%. After a bankruptcy in 2016 and downtime in 2017-2018, the company has resumed manufacture. In January-February it shipped 626 railroad cars with metal to customers. From September 2018 to February 2019 monthly…Details
Magnitogorsk Iron and Steel Works (MMK) plans to begin the reconstruction of blast furnace No. 2 in 2020, in line with its modernization plans. MMK plans to radically modernize the unit, significantly reducing its environmental impact. The historically significant blast furnace No. 2 was commissioned in the summer of 1932, a few months after the…Details
The President of Ukraine Petr Poroshenko has signed a decree to increase scrap export duty from 42 euro to 58 euro per ton. On February 28 the Verhovna Rada adopted the draft decree No. 9474, providing for the duty increase, as a whole. 234 parliament members voted in favor of the decree. The duty will…Details
The state enterprises Mine named after Surgay and the Yuzhnodonbasskoye Mine Group No. 1 have found alternatives to the “supplier of the last hope” (the state enterprise Ukrinterenergo). In particular, the mine has ordered the supply of 78.1 million kW-of electricity valued at 202 million UAH from Donetsk Power Services LLC. The average expected cost…Details
In January-March Yuzhniy Mining and Processing Works increased iron ore concentrate manufacture by 5.7% YoY, to 3.183 million tons. At the same time sinter output dropped by 36.4%, to 331.8 thousand tons. In March UGOK produced 1.09 million tons of concentrate and 120.2 thousand tons of sinter, up by 5.1%, but down by 47.8% YoY…Details
A Kemerovo region court has partially suspended for 90 days operations of the Kiya-Shaltyrsky open-pit mine owned by RUSAL Achinsk, a part of Russian aluminum giant UC RUSAL, due to violations of safety requirements, the Siberian administration of the Federal Service for Environmental, Technological, and Nuclear Oversight said on April 3. The facility was checked…Details