In January, Metinvest B.V. increased revenue by 5.5% MoM, to $821 million. EBITDA totaled $73, up by $112 million. Metal division revenue grew by 9.8%, to $681 million, mining division revenue was $234 million and inter-group sales – $94 million. Debts dropped by $5 million, to $3.032 billion. Metinvest received $38 million of profit from…
DetailsMMK-Metiz is commissioning a new continuous hot galvanizing line for wire with diameter of 1 to 4.5 mm. Under the program, to modernize galvanizing manufacture the company also intends to reconstruct its existing galvanizing line. A new cooling system will be installed. Moreover, the company plans to start producing zinc-coated wire with shiny surface. The…
DetailsEvraz has chosen the Titanium Valley special economic zone in Sverdlovsk region as a site for manufacture of railroad wheels. Evraz and Rail Service joint venture Allegro will manage the construction and the manufacture. Investments are estimated at 16 billion rubles. The capacity of the new shop will be 200 thousand railroad wheels per year…
DetailsA new CAT 390 FL excavator has started operating at the Ametistovoye Mining and Processing Works. It will increase rock mining by 20%. Zoloto Kamchatki has also purchased 9 new dump-trucks, including BELAZ quarry trucks. The company has 11 licenses to develop deposits with the combined reserves of 12.5 million troy ounces of gold. (Ukrainian…
DetailsNLMK Group, a global steel company, has launched a “virtual assistant” pilot: a digital service for real-time interaction with suppliers and optimization of standard supply chain operations. The virtual assistant, powered by QUBO dialogue system, is a chat-bot integrated in the corporate website. The assistant replies to questions received from suppliers about participation in procurement…
DetailsAbout 200 miners have been on strike in Tkibuli, western Georgia since March 13, demanding better working conditions and the pay for missed days. “We refuse to work in the mine, as the conditions are incompatible with our health and lives,” say the miners. Miners said that five of them were poisoned by gas that…
DetailsIn January, Russia imported 13.6 thousand tons of ferrosilicomanganese, down by 4% MoM, but up by 9% YoY. Price dropped by 3%, to $921 per ton. Deliveries from Georgia increased by 39%, to 7.7 thousand tons, but from Kazakhstan went down by 29%, to 5.1 thousand tons, and from Norway – by 44%, to 835…
DetailsIn January-February, Irkutsk region extracted 2732.5 kg of gold, up by 17% YoY. At present only ore gold is mined. Thus, Polyus Verninskoye has extracted 1439.9 kg of gold, Vysochaishiy – 724.6 kg, Ugakhan – 409.6 kg and Druza LLC – 158.4 kg. Alluvial season will start in June. This year, some 30 enterprises will…
DetailsConstruction of the mining and processing plant on the basis of the Udokan copper deposit is the largest investment project in Zabaikalye region and one of the largest in the Far East. The Udokan deposit with the reserves of 26.7 million tons of copper is one of the largest in Russia. The plant will be…
DetailsIn 2019 Severstal with the help of large investment projects, in particular, the national project Ecologiya, decreased air pollution at Cherepovets Iron and Steel Works almost by 23 thousand tons, or by 7.7%. Investments in the project totaled 5.8 billion rubles. The project consisted of 15 stages with the expected pollution decrease of over 30…
DetailsNovocherkassk Electric Locomotive Plant has shipped an NP1 traction machine to Evraz KGOK, which manages Kachkanarsky Mining and Processing Works. The agreement to supply two machines was signed in October 2019. The NP1 traction machines have been supplied to KGOK since 2004. They are replacing the outdated OPE1 machines, produced in 1969-2002. So far the…
DetailsKarelsky Okatysh is carrying out a project to improve product quality by using lime. Investments in the project this year will amount to 550 million rubles. In particular, it was decided to modernize the MAERZ lime calcinating furnace. It was built in 1995, but never commissioned. Limestone will be delivered from the Belorucheyskoye deposit. The…
DetailsThe State Service of Geology and Subsoil has given the Krasnolimanskaya LLC 30 days to eliminated violations of subsoil use while mining. The decision was taken on February 28. The company has violated articles 24 and 51 of the Subsoil Code, which relate to the rules and obligations of the user and the order of…
DetailsIn February, Kazakhstan increased raw steel manufacture by 15.5% YoY, to 275,437 tons. In 2 months output grew by 34.3%, to 618,759 tons. Rolled metal manufacture in February totaled 154,394 tons and in 2 months – 327,511 tons, up by 37% and by 79.3% respectively. Ferroalloys output increased by 2.5% in February, to 171,563 tons,…
DetailsOskol Electrometallurgical Works has put into operation the continuous casting machine No. 3 after modernization. The modernized machine will improve the quality of the billet needed to produce SBQ rolled metal used in car manufacture and bearing industry. Metalloinvest input in the modernization reached 1 billion rubles. INTECO, Austria supplied the main machinery. (Ukrainian metal)
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