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Russia: Olkon increases ore base

Olkon has purchased a license to develop the Central site of the South-Kakhozerskoye deposit. The site is situated close to quarries already under development. The reserves of the site are some 6.8 million tons of ore. The work on the Central quarry will begin in 2020. Two dump trucks, an EKG-12 excavator and a drilling…


Ukraine: in 4 years AMKR to spend $1.8 billion of investments

In 13 years ArcelorMittal has invested over $4.4 billion in its Kriviy Rih assets, with more than 6 billion UAH invested in the environment-friendly machinery. AM bought the plant for $4.8 billion, and none of the 36 main units operated according to environmental standards. Now 4 coke-oven batteries, 2 blast furnaces, 3 converters and 2…