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Svetliy has won an auction to develop the Zorinsky Brook alluvial site in Irkutsk region. The auction was held on December 26, 2019. Three companies participated in the trade – Ugakhan LLC and two Polyus enterprises – Lenzoloto and Svetliy. The final price reached 4.95 million rubles. C1 reserves of the site mount to 114…
DetailsThe Komsomolets mine of SUEK-Kuzbass has finished 2019 with an output record of 3052 thousand tons of coal. This is the best result in 86 years of operation. The previous record has been exceeded by 600 thousand tons. Another record was achieved in excavation works – 4 km of rock. Komsomolets is the oldest operating…
DetailsIn December 2019 Beloretsk Iron and Steel Works increased sales by 7% MoM, to 34 thousand tons of metal wares. Products for aviation, machine-building and construction industries accounted for the larger part of sales. Sales of rods with specifically treated surface grew 3-fold. The company increased sales of cold-deformed rebars by 29% and low-carbon wire…
DetailsMikhailovsky Mining and Processing Works has received 2 BelAZs with the carrying capacity of 220 tons. 2 such trucks have been operating at the GOK since January 2019. Unlike lesser machines the new ones have to carry over 5 thousand tons per shift. (Ukrainian metal)
DetailsIn December 2019 the electric steel smelting shop No. 2 of the Krasniy Octyabr Iron and Steel Works produced 26.2 thousand tons of steel, up by 1 thousand tons from the output target. The company also produced 19 thousand tons of rolled metal. Moreover, the company was able to make 10 smeltings a day as…
DetailsMechel ordinary shares have grown in price by 8.47% at the Moscow Stock Exchange. The cost of a share was 93.77 rubles, with the peak at 94.3 rubles. In the first days of the Stock Exchange operation in January, Mechel shares became 60% more expensive – 99.6 rubles on January 8 as opposed to 63.14…
DetailsIn 2019 Interpipe decreased steel output by 4.2% YoY, to 854.5 thousand tons. Pipe manufacture dropped by 13.3%, to 587 thousand tons. At the same time the company increase railroad products output by 11%, to 207.7 thousand tons. Last year pipes were mostly sold in Ukraine (25%), Europe (24%) and America (24%), while railroad products…
DetailsMetinvest has attracted a loan of 24.4 million euros for 11 years to finance the construction of an oxygen plant at Mariupol Ilyich Iron and Steel Works. The machinery will be supplied by Air Liquide. The corresponding agreement was signed in June 2019. The capacity of the air-separation and gasification plant will be 25 thousand…
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