Albert Avdolyan has completely cleared the salary debts to the employees of the Hydrometallurgical Works (510 people) in the amount of 27 million rubles and to Intermix-Met LLC (170 people) for 9 million rubles. Avdolyan has also become the sole owner of the Yuzhnaya Power Company. All these companies are a part of the privatized…Details
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In 2019 Evraz intends to sell 13.7 thousand tons of vanadium, up by 7% from the forecast for 2018 (12.8 thousand tons). The increase has to do with the sales of stocks. In mid-term the company also plans to optimize its manufacture at Kachkanarsky Mining and Processing Works to develop iron ore stocks with higher…Details
In August Russia exported 423.3 thousand tons of raw aluminum, up by 42.15% YoY. In January-August, according to the customs statistics, the exports totaled 2.15 million tons valued at $3910 million, up by 12.2% and by 25.2% YoY respectively. In August the average prices was $1809 per ton, up by 8.2% MoM. (Ukrainian metal)Details
In January-August Russia exported 540 thousand tons of copper valued at $3551 million, up by 11.3% and by 27.9% YoY respectively. The volume of primary copper exceeded 80%. In August the average primary copper price was $5897 per ton, down by 9.4% YoY. Copper wire rod price was $6196 per ton, up by 4.3%. (Ukrainian…Details
In January-September Kuzbassrazrezugol mined 36.2 million tons of coal, up by 1.2% from the plan and by 1.2 million tons YoY, including 4.8 million tons of coking coal. 31.5 million tons of coal have been shipped to the customers, in particular, 22.3 million tons for exports. The local market received 9.1 million tons. Factories processed…Details
Artem Nazim, the ex-chief accountant of Dneprovsky Iron and Steel Combine, has been appointed to the same office at Dneprovsky Iron and Steel Works. Olga Zaremba, who has been the DMZ chief accountant for two months, has been relieved of her duties from October 21. Instead of Nazim, the chief accountant at DMK is now…Details
Ukraine has launched complaints at the World Trade Organization to challenge antidumping duties imposed by Armenia and Kyrgyzstan on certain types of Ukrainian steel pipes, documents published by the WTO showed. Ukraine said the two countries, both members of the Russia-dominated Eurasian Economic Union, should have phased out duties that were “higher than necessary, erroneous…Details
Polyus has started preparations for the preliminary estimation of the Sukhoy Log gold-ore deposit in Irkutsk region. The company intends to have received all the information by late 2018 and the estimation of reserves in 2020. In January 2017 the SL Zoloto LLC, a daughter company of Polyus, won the auction to develop the largest…Details
In January-September Sakhalin region mined 8.2 million tons of coal, up 1.5-fold YoY. Solntsevskiy Coal Pit LLC provided for the most yield – 5 million tons. The rest was mined by 9 other companies. In 2017 the region mined 7.6 million tons, up by 9.7% YoY, with 4 million tons contributed by Solntsevskiy Coal Pit.…Details
Highland Gold Mining Limited, the gold-extracting assets of which are situated in Khabarovsk and Zabaikalye regions, has presented the results for the third quarter and 9 months. In Q3 the Mnogovershinnoye, Belaya Gora and Novo-Shirokinskoye deposits yielded 4.4% more gold YoY – 74,826 ounces. In 9 months the output was 203,747 ounces of gold and…Details
OMZ-Spetsstal has commissioned a new coal injector for the LF-VD/VOD machine in the steel-smelting shop No. 8. The device will inject carbon-containing powder into metal during smelting at the LF-VD/VOD machine. Prior to the assembly of the coal injector, the carbon was added with the help of carbon-containing wire. The project will help the company…Details
The Uralelectromed subsidiary on the manufacture of non-ferrous metals alloys has modernized one of the two ore-smelting furnaces. According to the subsidiary director Tagir Khafizov, the modernization will allow for a more precise control of the raw materials loading technique and will improve labor conditions. The repairmen have dismantled the old lining and disassembled the…Details
Severstal-Metiz has mastered the manufacture of rebar ropes in special winding. At the request of its client – the company Apatit – the company started manufacturing rebar ropes in narrow coils. They are put on the drilling rigs and used in shafts with unstable rock. “While making the order we have taken into account all…Details