The new ambassador of Nigeria to Armenia Ibrahim Khamzat said his country was interested in developing and deepening relations with Armenia, especially in economic sphere.
In particular, he noted interest in developing cooperation in the mining sphere.
According to the ambassador, Armenia has a considerable experience in this industry. (Ukrainian metal)
In 2017 Interpipe Steel produced 855 thousand tons of steel, up by 39% YoY. In December 2017 steel output dropped to 76 thousand tons from 78 thousand tons in November 2017. In 2016 the company increased steel output by 2% YoY, to 614 thousand tons. Interpipe Steel is the first iron and steel works built…
DetailsKamensk-Uralsky Non-Ferrous Metals Processing Works produced 23.6 thousand tons of metal in 2017, up by 17% YoY. Non-ferrous rolled metals output increased by 14%, to 20.5 thousand tons. Non-ferrous rolled metal accounts for 87% of the total output, with powder (3.1 thousand tons) – 13%. As to the various kinds of non-ferrous metals, rolled copper…
DetailsTrading house MMK LLC has opened its first subsidiary on the Far East – in the city of Vladivostok. The company warehouse is situated in the town of Artem. It has all the necessary crane machinery and can store up to 20 thousand tons of metal. The site offers all the MMK metal products: hot-…
DetailsOMZ-Spetsstal has put in operation a modernized turntable for the hydraulic press of open forging. The table is used to produce disk forgings with the diameter of up to 2200 mm and the ultra-low height of 150 mm. The unique structure of the turntable allows producing forgings weighing up to 10 tons. OMZ-Spetsstal expects that…
DetailsRussian oil and gas pipe producer TMK increased pipe sales by 10.6%, to 3.806 million tons in 2017, the company said in a statement. “The year was favorable for TMK, as the company raised sales by more than 10%. OCTG pipes were in especially high demand on our major markets, in Russia and in the…
DetailsThe Central Mining and Processing Works has finished the project to modernize the mining machinery lighting system at the Gleevatsky, Petrovsky and Artemovsky quarries. Investments totaled 2.8 million UAH. Excavators and drilling mills have been equipped with 250 energy-saving LED-lamps. The equipment has been specifically prepared for the mining operations: they are impact-resistant, vibration-resistant and…
DetailsA new large deposit of gold ore has been discovered in the Rakhov district of Zakarpatye region. According to estimates, the reserves are 2.4 tons of gold. The only operating gold deposit in Ukraine is the Muzhievskoye. It has 55 tons of gold, and 1 million tons of zinc and lead, valued at around $3.8…
DetailsIn 2017 Tajikistan exported 103 thousand tons of aluminum valued at $203 million. According to the Customs service, the average world price last year was $1970 per ton. In 2016 Tajikistan exported 132 thousand tons of aluminum at $1590 per ton, for the total value of $210 million, In January-October 2017 TALCO decreased output by…
DetailsIn 2017 Amur Ugol mined 3.4 million tons of coal, having exceeded their manufacturing plan by 3%. The Severo-Vostochny pit, one of the oldest in the Far East, increased output by 10% YoY, to 1.4 million tons. It was put in operation in 1932. Over 2 million tons were mined at the relatively young Yerkovetsky…
DetailsVolzhsky Pipe Works hosted a meeting with the representatives of the local authorities. The deputy governor, chairman of the industry and trade committee of the Volgograd region Roman Bekov noted the positive experience of pipe makers who occupied leading positions in exports not only in the region, but in the country as well. The works…
DetailsIn December 2017 scrap procuring companies procured 357 thousand tons of scrap, up by 12% MoM, of which 305 thousand tons were supplied to the metal companies, up by 13%, and 52 thousand tons exported, up by 8%. The scrap provision rate was 104%. In 2017 out of 3.79 million tons of scrap procured, up…
DetailsIn 2017 Severstal increased steel output by 0.2% YoY, to 11.651 million tons. According to the group report, pig iron manufacture dropped by 2%, to 9.158 million tons. Consolidated steel sales grew by 2%, to 10.919 million tons. In Q4 2017 steel output grew by 2% QoQ, to 3.012 million tons, and that of pig…
DetailsIn 2017 the pipe rolling division of the Belarus Iron and Steel Works increased its output by 70% in comparison with 2016, the company’s press service reported. In 2017 the BMZ pipe rolling division made 141,801 tons of hot-rolled seamless pipes setting a new record for the last ten years. In 2017 BMZ shipped the…
DetailsFitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…
DetailsPolyus, the largest gold-extracting company in Russia, has changed its dividend policy. The company Board of directors has approved the change of the dividend policy having set the minimum annual size of dividends for 2017 and 2018 on the level of $550 million. Thus, the amount of dividends for the corresponding period will total 30%…
DetailsUC RUSAL, a leading global aluminum producer, announces the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminum Smelter. The total amount of investment in the project reached $30 million. The project to develop the technology and launch the RA-550 site at SAZ was implemented within three years. The key advantage…
DetailsIndustrial Metallurgical Holding (IMH), one of the world’s leading exporters of merchant pig iron and the leading merchant coke producer in Russia, reports its operational results for FY 2017. Coking coal mined by IMH Coal division in 2017 increased to 2.83 million tons, by 28% YoY, and accounted for the absolute record for the company’s…
DetailsUral Steel (a part of Metalloinvest) has received a certificate confirming the compliance of its heavy plate made from high-strength steel grades. This opens up new opportunities for the company in the production of high-quality rolled steel products for shipbuilding and expanding its sales market. Earlier, Ural Steel confirmed the compliance with RMRS of its…
DetailsIn 2017 Evraz Dneprovsky Iron and Steel Works produced 918 thousand tons of steel, down by 13.2% YoY. The decrease has to do with the capital repairs of machinery. According to the company statement, rolled metal output decreased by 11.7%, to 785 thousand tons because of the drop in structure steel demand and the increase…
DetailsIn 2017 Central Mining and Processing Works produced 2.25 million tons of pellets, down by 2.3% YoY. Iron ore concentrate output decreased by 10.6%, to 4.669 million tons. In December 2017 it produced 216 thousand tons of pellets and 397 thousand tons of concentrate, all up from 83 thousand tons and 385 thousand tons in…
DetailsIn February Ukraine is expected to produce 1.8 million tons of pig iron, 1.8 million tons of steel and 1.6 million tons of rolled metal. According to Ukrmetallurgprom, in 2017 Ukraine produced 20 million tons of pig iron, 21.3 million tons of steel and 18.4 million tons of rolled metal, all down by 15%, 12%…
DetailsIn December 2017 iron ore raw materials deliveries totaled 2.5 million tons (on the November 2017 level), coal – 1.3 million tons, up by 16% MoM, and coke – 860 thousand tons, down by 1%. The share of imported coal was 79%, or 1.03 million tons of 1.3 million tons, coke – 10.5%, or 90…
DetailsIn December 2017 Ukrainian metal works consumed 190 million cubic meters of natural gas, up by 15% MoM.
In 12 moths gas consumption grew by 3%, to 1.8 billion cubic meters.
Electricity consumption dropped by 11%, to 11.5 billion kW-h. (Ukrainian metal)
Volnogorsk Mining and Processing Works has ordered Delis-Profi LLC the delivery of packaging valued at 46.94 million UAH. This year the company will supply 206 thousand various PP containers. The most expensive of them are 5 liner-bags at 1488 UAH apiece. In December 2017 the works bought them almost twice cheaper – a batch of…
DetailsThe state enterprise Lvivugol has ordered Lans Group LLC the delivery of 6 pump stations with the total value of 16.4 million UAH. The cost of each SND 200/32-05 pump is 2.73 million UAH. In 2014 Lvivugol bought the same stations at 1.3 million UAH apiece, while in August 2017 Selidovugol purchased them at 1.9…
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