In January-February Druza LLC produced 137.4 kg of gold in Irkutsk region, up by 3.4% YoY. At present the company is developing the Nevskoye gold ore deposit. Alluvial sites operation will start in May. Until the end of the year Druza intends to produce at least 1 ton of gold. Last year the company extracted…Details
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The sheet-rolling shop No. 2 of ArcelorMittal Temirtau has finished modernizing electric equipment of the thermal department. The cost of the project is 73 million tenge. The modernization consisted of several stages. The work allowed decreasing electric energy consumption. (Ukrainian metal)Details
5 years ago Severstal – Bar Works Balakovo produced its first steel. Since then 3.5 million tons of steel have been produced. The mini-mill comprises three rolling mills in one. The plant produces rebars and sections – altogether over 40 types and sizes. The company can also produce continuous cast billet with the size of…Details
By October 2020, Evraz will have completed a technical upgrade of No. 6 Blast Furnace of their integrated steel works NTMK located at Nizhnij Tagil in the Urals. The modernization will concern all systems of the existing installation and enables increasing the nominal capacity by about 40% compared to the previous campaign design. With a…Details
In 2018 Interpipe paid 2.17 billion UAH to the budgets of all levels, up by 14.8% YoY. In particular, the state budget received some 1.334 billion UAH, and local budgets – 454 million UAH. “In 2018 each ton of our products provided the Ukrainian budget with 2532 UAH”, the company CFO Denis Morozov noted. (Ukrainian…Details
Roman Abramovich’s Crispian Investments has sold Norilsk Nickel shares for some $551 million. At first the businessman intended to sell 1.25% of shares for $440 million, decreasing the Crispian share in the company from 6.37% to 5.12%. According to VTB Capital, 39% of the shares were purchased by investors from UK. Russian investors accounted for…Details
Ukrmetallurgprom believes that in April Ukraine will produce 1.7 million tons of steel. Rolled metal output will total 1.5 million tons and pig iron – 1.7 million tons. As of March 13, 19 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 15 out of 16 converters, 7 out of electric arc furnaces…Details
In 2018 Ukraine imported 938.9 thousand tons of manganese ore valued at $182.7 million, down by 27.9% and by 18.1% YoY respectively. According to the State Fiscal Service, more than half of the volume was bought from Ghana (57.5%, up by 16.5%). Russia supplied 18% of ore, down by 4%, and the Republic of South…Details
Rusal intends to announce the end of the construction of the Boguchansky Aluminum Works first stage in late March. The second line of the first stage will increase the enterprise capacity 2-fold, to some 300 thousand tons. BoAZ is being constructed by Rusal together with Rushydro. The first line with the capacity of 150 thousand…Details
On March 1, the 470-millionth ton of coal was mined at the Nazarovsky pit, since the enterprise has been put into operation. Last year the output totaled 3.5 million tons, exceeding the target. The 450-millionth ton was produced in 2013. Nazarovsky pit started operating 68 years ago – in 1951. (Ukrainian metal)Details
Since its commission in 2008, SMC-Kolpino has produced and sold 200 thousand tons of steel products. The anniversary ton was shipped to a European manufacturer of wind plants. In H2 2018 the company received a number of export orders with the combined volume of 10 thousand tons. The shipping was successfully completed in March. The…Details
The Uralelectromed subsidiary (The Manufacture of non-ferrous metals alloys) has produced a cone-sieve for the copper sulfate shop. Previously the sieve was ordered in Germany and had a thickness of 1 mm. The subsidiary increased the wall thickness to 3 mm, and the sieve proved to be much cheaper in production. At present the cone-sieve…Details
Chelyabinsk Iron and Steel Works has mastered the manufacture of a new channel type. The 30U channel can withstand considerable pressure and is used in construction and machine-building. The first batch of products has already been shipped to customers. So far ChMK has produced 450 tons of 30U channels, and shipped 340 tons. The rail…Details