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Kuzbassrazrezugol and Beijing CATIC Industry Limited have signed a memorandum of cooperation in carrying out projects in Kemerovo region. In particular, the coal company intends to buy mining and processing machinery valued at $70 million from China. According to the memorandum, the company will consider purchasing two WK-35 excavators, as well as processing machines within…
DetailsNazarovsky Pit, a part of SUEK, has reached the output target for 2018 in advance, having extracted 3.25 million tons of coal. Until the end of the year the company intends to mine some 250 thousand tons more, thus reaching the annual output of 3.5 million tons of coal. The Pit has become the fourth…
DetailsIn January-November Ukrainian ports increased cargo handling by 0.6% YoY, to 121.5 million tons. According to the Administration of Seaports, handling of metal products grew by 11%, or by 1.45 million tons. Exports increased by 10 million tons, to 88.8 million tons, while imports grew by 2.6 million tons, to 21.5 million tons. In particular,…
DetailsIn November Corum Group signed an agreement with ViruKeemiaGrupp (VKG, Estonia) for the delivery of 8 electric substations. According to the company statement, the substations will be delivered to the Oyamaa mine, which extracts slate coal. “The substations have been modified according to the needs of the customer”, the group noted. The substations will be…
DetailsGold prices decreased in Azerbaijan on December 12, while silver, platinum and palladium prices increased. The price of gold dropped by 3.842 manats, to 2,115.4205 manats per ounce on December 12 compared to the price on December 11. The price of silver grew by 0.0245 manats, to 24.8449 manats per ounce. The price of palladium…
DetailsThe aluminum casting works RosALit has passed the technological audit of the spare parts manufacture organized by the Russian representatives of the Volvo Group. In December the company will supply the first batch of its own spare parts – transmission case covers – for Volvo trucks to the plant in the city of Kaluga. The…
DetailsEnergomashspetsstal continues its cooperation with ArcelorMittal Temirtau (Kazakhstan). Under a previously concluded contract the company has shipped another batch of back-up rolls. The batch included 10 bulk rolls for cold- and hot-rolling mills. The total weight of the batch was 306 tons. This month 250 tons more will be shipped to AMT. In January EMSS…
DetailsUralKuz has started selling bulk forgings made of 50-ton ingots. Such products are in high demand in machine-building. This year some 1500 tons of such forgings have already been sold. The ingots are supplied by Chelyabinsk Iron and Steel Works. The new forgings are used by Mechel enterprises, as well as supplied abroad – to…
DetailsIn 2018 Ruspolymet has doubled its exports, to 2 billion rubles. Next year the company intends to further increased exports by 1 billion rubles. At present the company exports rings and heat-resistant steel forgings. By 2024 Ruspolymet expects to have increased its exports to 6 billion rubles annually. (Ukrainian metal)
DetailsThe volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles. 3 thousand jobs will be created. The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)
DetailsThe shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved payment of 2.114 rubles per share in dividends for January-September, the company said in a statement on December 12. The shareholder register for dividends is to close on December 18. MMK paid 1.589 rubles per share in dividends for April-June, 0.801 rubles per share…
DetailsIn January-October Russia exported 161.2 million tons of coal up by 10.3% YoY. In October coal exports dropped by 23.3% MoM, to 14.8 million tons. Revenue from coal exports in 10 months increased by 25.5%, to $13.7 billion. According to the Federal Customs Service, coke exports in 10 months decreased by 9.6% YoY, to 9.6…
DetailsIn January-November the volume of industrial output in Kazakhstan increased by 4.5% YoY, including by 4.7% in mining. Iron ore mining grew by 7.3% due to the increase in the output at Sokolovsko-Sarbaysky Mining and Processing Works. Non-ferrous ores output increased by 3.9%. (Ukrainian metal)
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