According to the people’s deputy Konstantin Zhevago, controlling Ferrexpo, the construction of the electrometallurgical plant Vorskla Steel near the town of Kremenchug has been postponed for 10 years. The reason is the economical inexpediency of the construction. “The government claimed the gas would be cheap. But now it’s expensive. There is no sense for us…Details
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Uralelectromed is finishing construction of the second stage of the steel structures manufacture. The commissioning of the manufacturing complex is scheduled for early 2019. The area of the second stage will be identical to the first, that is 8 thousand square meters. The cost of the new site is 400 million rubles. The second stage…Details
Mikheyevsky Mining and Processing Works has started testing a new pulp feed line node. It will enable quickly switching pulp feeding between the first and the second tail dumps. The capacity of the new node will exceed that of the previous equipment some 10-fold. The commissioning of the new node is scheduled for Q1 2019.…Details
In January-October the consolidated throughput of NMTP terminals totaled 116.946 million tons, down by 2.4% YoY. Ferrous metals and pig iron accounted for 11.165 million tons, up by 11.3% YoY. Non-ferrous metals throughput dropped by 13.3%, to 0.826 million tons, and of iron ore raw materials – by 4.8%, to 2.011 million tons. (Ukrainian metal)Details
In January-November Kamensk-Uralsky Non-ferrous Metals Processing Works produced 22 thousand tons of wares, up by 3% YoY. Non-ferrous metals output was 18.8 thousand tons, up by 11%. The increase in output is the result of the exhibition activity development. This year the company has participated in 5 major international exhibitions. (Ukrainian metal)Details
Magnitogorsk Iron and Steel Works (MMK) has achieved a new record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) at the electric steel smelting shop. Refractories, which face the internal surface of a furnace, withstood 1,321 melts. The previous highest indicator (1,265 melts) was set just…Details
Government of Kyrgyzstan is interested in the operation of Kumtor, the President Sooronbai Jeenbekov told at a press conference. He noted that Kumtor took an important place in the country’s economy. “We, of course, are not afraid to sue, denounce and raise the issue of the nationalization of Kumtor. But this is not a solution.…Details
Manson Group Company has won the competition to create a joint venture on the basis of the branch of Makmalzoloto industrial combine, press service of Kyrgyzaltyn OJSC reported. According to it, applications were submitted by three companies – Manson Group, Shynkykiyuan Frunze and Central Asian Metallcom companies. All of them suggested creating a joint venture…Details
The Verkhovna Rada has adopted the law “On amendments to some bills of Ukraine on creating conditions to provide state support to coal industry”. The bill No. 9049 was supported by 230 members of the parliament. The law extends till January 1, 2022 the prohibition of the arrest of state coal enterprises accounts. This is…Details
Billets intended for the construction of the second unit of the Akkuyu Nuclear Power Plant (Turkey) were accepted at Energomashspetsstal. The company is the chief supplier of billets of the NPP main machinery. The billets were inspected on December 10 to 13. This year EMSS has shipped 1408 tons of products to Turkey. Now the…Details
In November-December under the program to modernize its transport fleet Mechel received some 150 open cars valued at 467 million rubles. The main suppliers were Altaivagon and Ruzkhimmash. The cars were both purchased and leased, At present Mechel-Trans operates some 11 thousand pieces of rolling stock. Next year it plans to buy 1 thousand open…Details
The South-Caucasus Railroad and GPMGold have signed an agreement to organize gold-bearing ore transportation from the Sotskoye deposit to Ararat Gold-Extracting Factory. According to the document, the volume of ore to be transported over 269 km is 1.5 million tons, up by 10% YoY. Last year 1.18 million tons of ore were transported. Since 2008…Details