Lisichanskugol miners have received the promised salary. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, a meeting took place between Lisichanskugol management and the miners on August 7. The managers promised to find money to clear salary debts (100% of June and April, as well as 80% for July). The…Details
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, plans to start gold production at the Ugur field in the fourth quarter of 2017. The Ugur deposit, which was discovered in 2016, is located three kilometers to the north-west of the company’s main fields. The construction of roads to connect…Details
On August 7 Lvivugol received 14 million UAH for the coal it sold.
According to the department of the fuel-energy complex of the Lviv regional state administration, all the money was spent to pay salary to the miners. (Ukrainian metal)
Ukrainian steelmakers in January-July exported ferrous metals worth $4.749 billion, with their share in the country’s exports at 19.91%, according to the State Fiscal Service (SFS). Exports of metal wares totaled $476.9 million, accounting for 2% of the country’s total exports, the SFS said. Ukraine shipped abroad ferrous metals worth $667.7 million in July alone,…Details
Vyksa Iron and Steel Works has become a winner in the Russian Railroads competition.
VMZ won in the nomination “Components for the rolling stock and the infrastructure” with railroad wheels made of T-grade steel. The wheels have been developed by VMZ within the cooperation program with the Russian Railroads on quality improvement. (Ukrainian metal)
Energomashspetsstal has shipped a large hammer frame to LASCO Umformtechnick GmbH. The frame with the weight of 61 tons is a part of press-forge machinery. This is not the first hammer frame produced by EMSS for LASCO. So far 14 hammer frames have been shipped to the German customer. The companies have been cooperating for…Details
UGMK-Holding and CINF (China) have carried out the fourth round of negotiations on designing and construction of a new zinc electrolysis shop at Electrozinc in the city of Vladikavkaz, which will produce 96 thousand tons of zinc and zinc-aluminum alloy per year. This year Electrozinc will finish the project and design work on construction. “We…Details
Karelsky Okatysh has put a new 20-cubic meters EKG-20KM excavator into operation. According to the company statement, the machine will work at the central quarry. It will replace the CAT-6060, the operation of which has been suspended because of the high expenses. The new excavator will dig some 4 million cubic meters of rock per…Details
In January-July DTEK Energo produced 13.4 million tons of gas coal, up by 15.6% YoY. According to the company statement, at present thermal power plants using gas coal operate at the maximum loading. They produce more electricity, increasing fuel consumption. To satisfy the gas coal demand DTEK Energy in 2017 increased investments in mining 1.5-fold,…Details
Naftogaz Ukrainy has asked the Commercial court of Donetsk region to open a case on the bankruptcy of Energomashspetsstal. The suit was filed on August 3 by the Naftogaz daughter company – Gaz Ukrainy. As of August 1 EMSS is the fourth largest debtor of Naftogaz as to gas among industrial consumers with its debt…Details
The shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will open a credit line valued at $500 million at LIBOR for 3-months deposits +4% with the maturity date of September 30, 2021.…Details
In January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…Details
Since the gold season started and as of August 1, Rosszoloto LLC has obtained 193 kg of alluvial gold, up by 27% YoY. As of August 1, 2016 the company obtained 152 kg of gold. The increase in output was the result of putting 3 new sites into operation: Sardangro, Malaya Tynda and Otradny. The…Details
Chelyabinsk Zinc Works has completed the transition to using large size cathodes in the zinc electrolysis shop. The investment program presupposed the modernization of all the necessary capacities all over the works. And the cathode replacement is one of the most important steps of the program. The shop baths contain 16,320 cathodes. The size of…Details
Mechel-Service has supplied 2.2 thousand tons of rolled metal for the construction of the Platov international airport in Rostov-on-Don. Chelyabinsk Iron and Steel Works rebars account for most of the metal supplied. The company also delivered construction mesh, beams and sheets. Platov is designed to become the main air haven of the South of Russia.…Details
In January-June Altai-Koks produced 2.04 million tons of coke, up by 5% YoY.
The company capacities were 98% loaded.
Altai-Koks sold some 82% of coke domestically, including 76% within the NLMK Group. The rest was exported to Uzbekistan, Kazakhstan, German, Belgium and Finland. (Ukrainian metal)
Russian coal exports in January-July increased by 9.5% YoY, to 106.3 million tons, the Ministry of Energy of Russia statistics showed.
In July the commodity exports totaled 15,855,000 tons.
Coal mining in the seven-month period reached 231,389,000 tons, with 201,519,000 tons shipped. (Portnews/Ukrainian metal)
Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…Details
Chervonograd city council has addressed the president, the prime minister and the minister of energy and coal industry informing them on the difficult situation of miners at the state enterprise Lvivugol and the salary payment problems. “The Lvivugol miners are facing a very difficult situation because of the unstable payment of salary. This situation has…Details
Avdiivka Coke and Chemical Works is modernizing the railroad station.
Investments into the project total 24 million UAH.
At present the power lines are being assembled for the Uglekoksovaya-1 railroad station equipment. (Ukrainian metal)
Dneprovsky Iron and Steel Combine has put its blast furnace No. 12 into operation. Thus the blast furnace shop now operates BFs No. 1M, 9 and 12. 4 sintering machines are now providing the shop with sinter. The converter shop continues manufacturing square billets. BF No. 9 was put into operation on August 1. (Ukrainian…Details
Corum Druzhkovka Machine-Buidling Works has produced an AM8D locomotive for KazChrome. According to the company statement, the machine will be operating at the chrome ore long face. This is the first delivery of such machinery to Kazakhstan in 3 years. “Kazakh mines, including those of chrome, need such locomotives. So our plan is to make…Details
Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 million tons of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (a part of Metalloinvest) will have supplied Evraz with 1.6 million tons of pellets and 1.8 million tons of iron ore concentrate by June 30, 2018. Nazim Efendiev, First…Details
VSMPO-Avisma Corporation has signed several long-term agreements with Rolls-Royce for the period up to 2026. Terms and conditions of all agreements differ from each other. According to the terms of new agreements VSMPO-Avisma shall deliver rings, blisks and fan disks to Rolls-Royce for new jet engines. The expected revenue from the agreements will potentially exceed…Details