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Since the start of the year and as of February 18, the largest coal miner in Sakhalin – Solntsevsky Coal Pit LLC has extracted 900 thousand tons of coal. The enterprise is operating at the Solntsevskoye deposit. Extraction is carried out at two sites – Yuzhniy-1 and Yuzhniy-2. This year the company intends to mine…
DetailsIn 2018 Russian Copper Company increased copper cathode output by 6% YoY, to 216 thousand tons. According to the group president Vsevolod Levin, Mikheyevsky Mining and Processing Works was able to increase copper extraction to 92%. Karabashmed increased raw copper output by 12%, to 139 thousand tons. Copper content reached 99.2% with the target of…
DetailsMetalmeistars now has the largest optic-fiber laser cutting machine. The unique machine has been made by Bystronic (Switzerland). The price of the machine is around 1 million euro. Its size is 6.25 x 2.5 meters. “Now we can make larger parts. Even though the new machine is larger, it consumes less electricity than the old…
DetailsIn order to decrease the shadow economy on the scrap market, the income tax of the population has to be decreased from the current 10% to 5% for private entrepreneurs. The Latvian association of waste procurement has voiced this to the Ministry of Finances. At present the higher tax does not allow Latvian companies to…
DetailsThe state enterprise Lvivugol has concluded 7 agreements on the delivery of pit-props made of fir valued at 25.2 million UAH. The company announced 12 purchases, but only 7 agreements were concluded. The Sokal subsidiary of the forestry enterprise Galselles has received two orders valued at 8.7 million UAH. The company will supply almost 5…
DetailsVolnogorsk Mining and Processing Works has concluded an agreement with Energy Trade Group LLC for the delivery of electric energy valued at 189.14 million UAH. In March-June the company has to supply 96.5 million kW-h valued at 1.96 UAH per kW-h. This is 5% cheaper than the December 2018 price from DTEK Trading (2.06 UAH).…
DetailsThe State commission on reserves has positively assessed the report on the reserves of the rare-earth metal raw materials at the Chuktukon deposit. The deposit is situated in the Krasnoyarare earthrsk region. The prospecting work was carried out in 2014-2018. According to the report, the reserves of the deposit are as follows: rare earth trioxides…
DetailsThe Arbitrary court of the Sverdlovsk region has ordered Russkiy Chrome 1915 to pay 13.8 million rubles for the damage done to the environment. The fine was imposed in 2017. The defendant asked to decrease the fine, as it had partially paid it. But the court ruled fr the complete Russkiy Chrome payment. (Ukrainian metal)
DetailsA subsidiary of the state holding Rosgeologia has obtained all the necessary permits on the project to study the Gitche-Tyrnyauzskoye ore field. The corresponding state contract was concluded last summer. The size of the field in Kabardino-Balkaria is 1.7 square km. The project will be carried out till the end of 2020. (Ukrainian metal)
DetailsIn 2018 Beloretsk Iron and Steel Works decreased net profit by 8% YoY, to 925 million rubles. The revenue grew by 6%, to 25.37 billion rubles. Exports increased by 37%, to 5.7 billion rubles, while sales on the domestic market dropped by 0.5%, to 19.65 billion rubles. The company accounts receivable increased from 6.27 billion…
DetailsIn 2018 Russia exported 8.246 thousand tons of stainless steel products, up by 18% YoY. The share of the flat rolled metal grew from 18.8% to 28.2%, that of bars – from 24.6% to 27%, of wire from 1.1% to 1.4%, electric welded pipes – from 11.6% to 13.9% and of pipe fittings from 1.8%…
DetailsDneprovsky Iron and Steel Works will host an extraordinary meeting of the shareholders on February 25. The meeting will start at 10 a. m. DMZ manufactures steel, pig iron, rolled metal and wares. In 2011 it was merged with Dneprokoks. (Ukrainian metal)
DetailsAccording to TMK, in 2019 the Russian pipe market will mostly follow trends of the previous year. In 2018 pipes consumption dropped slightly following the decrease in housing construction. At the same time OCTG and large diameter pipes witnessed an increase in demand. This year TMK expects the growth of local pipe consumption by 2%…
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