Izhstal has mastered the manufacture of a contact rail used to provide the subway wagons with current. Previously such rails have been imported. The billet for the manufacture of this rail is made of low-carbon steel, and then is rolled at the bar mill-450. The trial batch of rails with the volume of 50 tons…
DetailsIn January-October Zaporizhstal increased payments to budgets of all levels by 29% YoY, to 3.2 billion UAH. According to the company statement, payments to local budgets grew from 505 million UAH to 574 million UAH. The increase in tax payments is due to the growth of salary at the company. Thus, as of October the…
DetailsThe Ministry of Energy and Coal Industry has not taken any decision yet on the shut down of the Novovolynskaya mine No. 9. According to the deputy minister Anatoly Korzun, the mine is intended to yield 90 thousand tons of coal next year and commission two new long faces. “We see no need to shut…
DetailsSvyatogor has started using the overpass No. 6 to unload loose cargo. “This overpass is very important for the stable provision of the processing manufacture with raw materials and the production of raw copper. The reconstructed overpass replaced an old one, which had been in the operation since 1947”, the company said. The construction of…
DetailsSeverstal Steel Ropes has registered two new trademarks – Alerion and Talpa. They will be used for elevator steel ropes and steel ropes for mining industry. The Alerion mark has been given to the elevator steel ropes, while the Talpa mark to mining, excavator and drilling rig ropes. (Ukrainian metal)
DetailsIn October direct deliveries of ferrous metals to railroad machine-builders totaled 119 thousand tons. According to the railroad statistics, this is up by 3.9% YoY. In 10 months deliveries grew by 21.4% YoY, to 1.25 million tons. (Ukrainian metal)
DetailsIn October direct railroad deliveries of metal to the major shipbuilding and ship-repair enterprises totaled 8.1 thousand tons. According to the railroad statistics, this is down by 35% YoY. In 10 months deliveries reached 93.6 thousand tons, down by 23.2% YoY. (Ukrainian metal)
DetailsPrices of precious metals decreased in Azerbaijan on November 13, according to the data published by the Central Bank. The price of gold dropped by 8.3725 manats, to 2,047.531 manats per ounce on November 13 compared to the price on November 12. The price of silver fell by 0.1734 manats, to 23.9471 manats per ounce.…
DetailsThe Russian government’s commission has approved a bill that reduces the rate of mineral extraction tax (MET) for production of rare and rare earth metals to 4.8% from 8%, the government said in a statement. “The bill suggests reduction of the MET rate to 4.8% from 8% applicable to production of ores of rare metals…
DetailsIn January-October Ukraine imported 17.425 million tons of coal valued at $2.461 billion. According to the State Fiscal Service, the share of coal in total imports was 5.3%. The largest coal suppliers were Russia ($1.525 billion, or 62% of the whole imports), USA ($739.278 million, or 30%) and Canada ($126.946 million, or 5.2%). Other countries…
DetailsThe Vorkutinskaya mine of Vorkutaugol has started mining coal at the new breakage face of the Troynoy layer. The reserves of the long face No. 612 are some half a million tons of coking coal. It is intended to mine 90 thousand tons of coal per month there. The length of the face is 195…
DetailsIn Q3 Kinross Gold produced 586.2 thousand ounces of gold equivalent, down by 10.5% YoY. In 9 months the output decreased by 8.8% YoY, to 1.842 million ounces. The Kupol deposits in Chukotka yielded 366.4 thousand ounces, down by 15.8% YoY due to the extraction of ore with lesser gold content. The company has also…
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