Russia’s United Metallurgical Company (OMK) has launched construction of a 50-billion ruble seamless pipes facility at its subsidiary Vyksa Iron and Steel Works. “The goal of the project is to satisfy current and future demand in line and threaded seamless pipes, including pipelines for difficult production conditions and directional drilling by oil and gas companies…Details
Interdepartmental Commission has visited uranium deposit and measured the background radiation level, YurAsia company reported. The radiation background in the camp ranges from 30 to 72 micro-roentgens per hour, and at the quarry – 75 micro-roentgens per hour. The radiation background rose to 130 micro-roentgens per hour at the mining site. After the completion of…Details
DTEK has limited electricity supplies to the state enterprise Mine named after Surgay in Ugledar, Donetsk region. “On April 22, the electricity supplies to the mine were limited because of the debt of 322.5 million UAH”, the company said. The Ministry of energy, the State Service of the energy supervision and the city council of…Details
In March, Dneprovsky Iron and Steel Combine produced 231.404 thousand tons of metal, up by 1.2% from the target. The works also produced 346.741 thousand tons of sinter (+3.5%), 202.638 thousand tons of pig iron (+4.3%) and 227.905 thousand tons of steel (+0.8%). The rolling shop manufactured 60.509 thousand tons of metal, with pipe site…Details
Zaporozhye Iron Ore Complex has increased wages from April 1, by 15% on average. In Q1, two mines of the enterprise extracted 1.123 million tons of iron ore, up by 1% from the target, and sold 1.242 million tons, up by 7.8%. In March, ZZhRK mined 384.7 thousand tons of ore, up by 1% from…Details
Shareholders of Makeevkoks, situated on the Ukraine-uncontrolled territory, refreshed the supervisory board, by removing two of its members, as well as changing the auditor. The decisions were taken at the shareholders’ meeting on April 18. In particular, the shareholders have re-elected Igor Nadych and Olga Vinogorodskaya as members of the supervisory board for three years,…Details
On April 21, a Stepnaya mine employee of the state enterprise Lvivugol has been mortally injured.
The locomotive driver was only 32 years old.
A special commission to investigate the accident has been created. (Ukrainian metal)
In January-March, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. The GOK fixed liabilities decreased from 352.6 million rubles to 337.8 million rubles, while short-term liabilities grew from 2.047 billion rubles to 2.053 billion rubles. Gross profit increased 18.5-fold, to 1.572…Details
Gold and silver prices increased in Azerbaijan on April 22 compared to the prices on April 19. The price of gold grew by 5.9075 manats, to 2,175.048 manats per ounce. The price of silver went up by 0.0649 manats, to 25.5949 manats per ounce. The price of platinum increased by 6.511 manats, to 1,541.679 manats.…Details
Head of the State Committee for Industry, Energy and Subsoil Use, Emil Osmonbetov, suggested residents of Ton district of Issyk-Kul region of Kyrgyzstan to join the commission that would work at the uranium deposit. He stated this at a meeting with the villagers. Last weekend, an on-site meeting of members of the interdepartmental commission to…Details
Collecting of signatures under a petition, demanding to ban development of Tash-Bulak uranium deposit in Issyk-Kul region of Kyrgyzstan, started on social networking sites. The author of the petition is some Alena Khromenko. She invites everyone to sign the petition on a special site. As of today, 7,495 people have signed the petition with the…Details
Civil activists have held a flash mob “We are against uranium” near the monument to Urkuya Salieva in Bishkek. Organizer of the event was Ak-Zhol Ytymagi Public Foundation. Director of the foundation told reporters that he did not trust the company that wanted to develop Tash-Bulak uranium deposit in Issyk-Kul region. The activist demanded from…Details
German company Aurum Deutschland AG will build a mining and metallurgical plant in the Kordai district of the Zhambyl region. The major construction project was discussed at a meeting of Zhambyl regional administration with representatives of German business. The idea of the project arose after Nursultan Nazarbayev urged German investors to invest in Kazakhstani projects…Details
The price of one ounce of gold decreased by 22.831 manats or by 1.04% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,176.0646 manats. The price of one ounce of silver increased by 0.0832 manats or by 0.3%, to 25.4735 manats. The price of one ounce of platinum…Details
Belarus will resume negotiations with Sudan on the second site for gold extraction after the situation in the country is stabilized, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared. The second site has been chosen but conditions for using it have not been totally agreed upon. “We will definitely keep an eye on…Details
In January-March, Kremenchuk Steel Works produced 4292 tons of casting, down by 27.7% YoY.
Moreover, the plant is forced to fire over 500 employees in March-April.
This is done in order to bring the number of employees to the order volume and the debt to Ukrzaliznytsia. (Ukrainian metal)
SANY cutter-loader machinery has been tested at the Capitalnaya mine of the Mirnogradugol state enterprise. According to the chairman of the Donetsk regional military-civilian administration Alexander Kuts, the state will finance the creation of four more long faces to develop the mine. The cost of the machinery is 208.6 million UAH. The financing comes from…Details
The volume of transportation of mining and metallurgical cargo via the Dnepr River could grow 2-fold, to 2.5 million tons. But so far the depth of the river does not correspond to the sizes of ships necessary to transport such cargo. At present the ships with the capacity of 6 thousand tons are operating at…Details
From now on DCH Steel Management will manage the operation of both Sukhaya Balka and Dneprovsky Iron and Steel Works. Still, this is not enough to make a full vertically integrated mining and metallurgical group. Coal mining and ore processing are the group’s weak links. In 5 years DCH intends to invest $150-200 million in…Details
RZD International LLC under the project to construct and repair railroads in Serbia will buy metal structures valued at more than $5.8 million from Voronezhstalmost. The viaducts to be constructed and repaired are situated on the Stara Pazova – Novi Sad site on the Belgrad – Stara Pazova – Novi Sad – Subotitsa – state…Details
TOREX, owner of Amurstal in Komsomolsk-on-Amur, hopes to get a subsidy from the federal budget. The Ministry of industry and trade intends to provide major enterprises with support. The company plans to spend money to clear interest rate on loans, thus decreasing them by 4.5%. At present the ministry is choosing companies to participate in…Details
In 2018 Kurilgeo LLC gold output grew by 37% YoY, to 1.325 tons, and silver – 9%, to 3.8565 tons. Ore mining increased by 28%, to 760 thousand tons. Revenue went up by 46%, to 3.452 billion rubles. Net profit amounted to 447.8 billion rubles, up by 75.8%. Ainskoye deposit, developed by the company, has…Details
Karelsky Okatysh is preparing to put into operation three new Caterpillar 777E dump trucks with the lifting capacity of 90 tons. 7 such machines are already operating at the quarries and have proven their efficiency. “Small dump trucks have a number of advantages. They are universal thanks to their compact size. Where the 220-ton machines…Details
RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…Details