International rating agency Fitch Ratings has upgraded the long-term issuer default rating of the Russian steelmaker Severstal to BBB from BBB-, with a stable outlook. “The rating upgrade reflects Severstal’s tested conservative financial policy during the supply-driven steel price turbulence in 2016-2017 and increasing protectionism since 2018. Its strong financial profile has been driven by…Details
Russian oil companies Rosneft, Lukoil, Gazprom Neft, Surgutneftegas and Tatneft have asked Prime Minister Dmitry Medvedev to allow them selling used oil and gas pipes or using them for construction. Oil companies used to sell used pipes as scrap metal or used up to 80% of the old pipelines for construction. The sold pipes sometimes…Details
In March Sverdlovsk railroad transported 12.3 million tons of cargo, up by 2% YoY. In January-March transportation grew by 1.6% YoY, to 34.4 million tons. In particular, the railroad transported 2.7 million tons of ferrous metals, up by 10.9%, 518.6 thousand tons of scrap (+4.6%), 3.1 million tons of iron and manganese ore (+9.2%), and…Details
KMK-Partners has become a resident of the Belogorsk advanced development territory in Amur region. This is the seventh resident registered in the territory. Next year the company will start producing construction metal structures. It intends to produce some 4 thousand tons of metal structures per year. The company will also repair construction machines. Investments in…Details
The Central electrotechical laboratory of Evraz NTMK has turned 60. The order to create the laboratory was signed by the first director of the works in 1959. Now the laboratory performs some 18 thousand control and repair operations of 415 machines, 889 power transformers, and 20 thousand electric appliances. This year the laboratory, employing 74…Details
Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, has paid bills for the combined amount of $173 million. Ferrexpo is expected to get EBITDA of $500 million in 2018 as opposed to $551 million in 2017. In January-June 2018 its net profit fell by 29.4% YoY, to $152.21 million, while its revenue grew…Details
In February world pig iron manufacture grew by 6.1% YoY, to 95.994 million tons. According to World Steel Association, Ukraine produced 1.59 million tons of pig iron, securing the 9th position in the top-10 pig iron manufacturers, following USA (1.7 million tons), but preceding Taiwan (1.185 million tons). The largest producer is still China –…Details
In January-March, Sayano-Partizanksiy pit in Krasnoyarsk region increased coal output by 5% YoY, to 277 thousand tons. Since the start of the year Russky Ugol has commissioned 4 new machines at the pit. Thus, two new BelAZ-7555B dump trucks have started transporting coal. A Chetra T-35.01 bulldozer and a Hitachu ZW310-5A forklift truck have also…Details
A new Rosinka – 50/60 cooling tower has been assembled in the power shop of the Polymetal Manufacture, a subsidiary of Uralelectromed, replacing an outdated machine.
The old machine has been operating for 60 years.
The new cooling tower has been assembled and tested. (Ukrainian metal)
The Chief Expertise Service of Russia has reviewed the design documentation of the reconstruction of the copper-nickel ore mining enterprise and approved it. The Komsomolsky mine, a part of Norilsk Nickel, is situated in the Talnakh district industrial zone of the Norilsk city. Reconstruction will increase the mine capacity to 4 million tons per year.…Details
In 2018 Canadian Silver Bear Resources Plc, developing the Mangazeya project in the Republic of Sakha (Yakutia), produced 594,921 ounces of silver. Ore mining totaled 80,831 tons, and processing – 51,147 tons with the average content of 780 g of silver per ton. Last year the company sold 433,095 ounces of silver valued at $6.4…Details
Drazhnik LLC, a daughter company of Susumanzoloto, for the first time in its history put its dredger into operation in March (on March 25). Usually dredgers start working in late April. All the other 7 dredgers will be commissioned shortly. The company will be operating at 8 sites. Last year Drazhnik yielded 1803.6 kg of…Details
Chelyabinsk Iron and Steel Works has produced rebars for the construction of the South-Urals State University dormitory.
The new dormitory for 1.5 thousand students will be constructed in 2020.
The building will consist of 2 sections of 11 and 18 storeys, with one-, two- and three-room blocks. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) has been awarded several medals and certificates at the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. The panel of experts and international jury at the 2019 Archimedes Salon awarded both MMK and the Central Research Institute of Structural Materials (CRISM) Prometey with a certificate and gold…Details
Russian holding Safmar invested about $130 million in construction of the Nezhinsky ore-dressing utility in Belarus, including a mine, an ore-dressing plant, electric power generation, railway, highway, housing and other infrastructure, in January-March, Safmar said. The entire project was estimated at $2 billion and the launch was slated for early 2020. Safmar said that it…Details
Chelyabinsk Pipe-Rolling Plant, or ChelPipe, has signed a $200-million agreement to sell more than 150,000 tons of large-diameter pipes to Turkmengaz, the company said in a statement on April 8. The pipes will be used in construction of an about 200-kilometer pipeline on the territory of Turkmenistan. The first batch will be shipped in April-June.…Details
Turkmengeologia State Corporation of Turkmenistan has discovered iron ore deposits at the “Gyzylgaya-V” area of the Chagyl deposit in the Gyzylgaya settlement of the Turkmenbashi district in the country’s Balkan region. The presence of the corresponding components in the iron ore necessary for the production of cement has been confirmed. During the geological exploration work,…Details
The Russian group of companies MetProm has carried out the first delivery of the main technological equipment to the Tashkent Iron and Steel Works (TMP). The manufacturer of the equipment delivered was the Italian concern Danieli, one of the world’s largest manufacturers of metallurgical equipment. When choosing a supplier, not only the cost of equipment…Details
Azerbaijan exported another batch of locally produced aluminum sections to Denmark on April 3. Exports were implemented on the basis of the order received by Sumgait Technologies Park (STP), one of the representatives of “Made in Azerbaijan” brand. This is the second batch of aluminum sections exported by Azerbaijan to Denmark. The first order was…Details
Metalloinvest has signed an agreement with the authorities of the Kursk region and the town of Zheleznogorsk on social and economic partnership in 2019. According to the agreement, the company will invest over 1 billion rubles. “Mikhailovsky GOK is a driver of the regional economy. In 2018 the consolidated budget of the region received over…Details
In order to expand the mineral and resource base of Kazakhmys Corporation in key regions, Kazakhmys Holding LLC has created a new prospecting company – Kazakhmys Barlau LLC. Galym Nurzhanov has been appointed the company CEO. The task of the company is to provide Kazakhmys with new deposits of copper with the combined reserves of…Details
Cherepovets Iron and Steel Works has carried out a scheduled repair of its 5000-mill in the sheet-rolling shop.
The repair lasted for 6 days.
Investment in the project totaled 94 million rubles.
The preparation for the repair began in late 2018. (Ukrainian metal)
The output of Chelyabinsk Zinc Works, a major facility of the Ural Mining and Metallurgical Company (UMMC), amounted to 50,851 tons of commercial zinc, 239 tons of cadmium, and 1,729 tons of indium in January-March, the plant said in a statement. CEO Pavel Izbrekht attributed the result to upgrading. In 2018, the company invested 1.3…Details
Ormet has received a right to commission the second stage of the Djusinskiy pyrite-polymetallic ore mine. The construction lasted from March 2017 till February 2019. Investments in the project totaled some 500 million rubles. Since the start of operation Djusinskiy mine has already extracted 300 thousand tons of ore. The operation of the mine is…Details