In 2018 VSMPO purchased and commissioned 80 units of new machinery. The company also repaired 280 machines, spending 850 million rubles. In particular, 15 mills were modernized, with 7 of them also capitally repaired. The most expensive was the modernization of the cold-rolling mill-2000 electric drives in the rolling shop No. 16. It cost 41…Details
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According to the National Statistics Bureau, in 2018 Georgia exported 48 thousand tons of semi-finished steel products to Turkey, down by 27.4% YoY. The cost of the products exported was $22.6 million, down by 15.3%. Last year the trade with Turkey amounted to $1.733 billion, including $233 million worth of exports and $1.5 billion worth…Details
A part of the Krasnoyarsk plant Krastyazhmash, which manufactures mining excavators, will be used to produce metal structures for processing factories at Siberian coal puts. Some premises of the plant will be leased, while others will be disassembled and sold for scrap. The debt of the company is 700 million rubles. (Ukrainian metal)Details
Baikal Mining Company has signed agreements to construct the main energy objects for the Udokan Mining and Processing Works iInfrastructure. According to the agreements, PMK Sibiri will construct a 220/35/10 kW substation, while Energomost will erect a high-voltage line 220 kW Chara-Udokan. Both are turnkey contracts. Construction is to be finished in November. (Ukrainian metal)Details
In 2018 Gaysky Mining and Processing Works extracted 8 million tons of ore, up by 1 million tons YoY. The record high output is due to the constant modernization of the enterprise since 2006. Since then the shafts of the Ekspluatatsionnaya and Kletevaya mines have been deepened to 1420 meters, and the shaft of the…Details
Chelyabinsk Iron and Steel Works has certified new types of flanged beams. In particular, the certificates have been issued for sin-beam and welded beam. The sin-beam is made at the Zeman line with the capacity of 400 tons per month. The certificates are valid until 2023. Last year the company produced over 1.5 thousand tons…Details
In 2018 Severstal bought 20.6 billion rubles worth of products and services from Vologda region enterprises, up by 750 million YoY. The share of the region in the total volume of Severstal purchases last year grew from 16% to 18%. The main reason for the increase is the large investment program at Cherepovets Iron and…Details
In 2018 ArcelorMittal Kriviy Rih occupied the third place among all the AM enterprises in 14 countries as to the number of industrial injuries – 0.38. The company also has the lowest ratio of industrial injuries per 1 thousand employees among the largest mining and metal companies of Ukraine. Last year AMKR recorded 22 accidents,…Details
Interpipe NTZ has addressed the Antimonopoly Committee asking it to investigate a possible abuse of the monopoly position by the state gas-developing company Ukrgazdobycha when buying casing pipes. The company claims that when preparing tenders to buy casing pipes Ukrgazdobycha states pipes corresponding to API-5ST, which are similar to those produced by Interpipe in Ukraine.…Details
In 2018, 64 countries produced 1.789 billion tons of steel, up by 4.5% YoY. According to the World Steel Association, China is in the lead with 928.26 million tons, up by 6.59%. The country’s share is 51.9%. Ukraine is on the 13th place, having decreased steel output by 1.48%, to 21.1 million tons. Back in…Details
In 2024 the government of Russia expects the gold output to increase by 12.3% compared to 2018 (287.3 tons). Such indexes are set in the strategy of the mineral and raw material base development until 2035. In 2024 gold output is expected to hit 322.6 tons. Thus, annually gold extraction has to increase by 6…Details
Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agent…Details
UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing program conducted in Guinea at the Scientific Diagnostic Center for Epidemiology and Microbiology (SDCEM). The center was…Details