The Arbitrary court of Volgograd region has declared the Volgograd Iron and Steel Works “Krasniy Octyabr” bankrupt. According to the court decision, bankruptcy proceedings at the company will last for 6 months. The bankruptcy of the company was initiated by the tax service, as Krasniy Octyabr had tax debts of 130 million rubles. The works…
DetailsLvivugol miners have been paid 10 million UAH for September. Now the September salary has been paid for 63%. On November 12 Lvivugol received the second part of payment for coal sold – 15 million UAH. 10 million UAH were spent to clear salary debts. So far the miners have been paid 88.1 million UAH,…
DetailsSeverniy Mining and Processing Works is modernizing its processing factory. By the end of the year the company intends to have assembled 64 separators there. The new machinery has been purchased under an investment program. After the modernization all the separators will be of the same type. This will help decrease repair time and ease…
DetailsEvraz is carrying out a project to reconstruct the Tashtagol mine. The project will improve the company raw materials safety thanks to the increase of iron ore mining 1.5-fold, from 2.2 million tons to 3.25 million tons per year. Investments in the project will reach 6.8 billion rubles. The balance reserves of the mine as…
DetailsThe construction of the “7 November-new” mine started in Kemerovo region. The mine will be developing the Sychevskiy-Perspektivniy site deposits. The license for the site was purchased in 2015 to replace the mine named after November 7, which had depleted its resources. The miners have been transferred to the Magistralniy site of the mine named…
DetailsIn January-October Chukotka Autonomous District mined 601.5 thousand tons of coal, up 1.5-fold YoY, and by 35% from the whole last year. The main coal output is provided by Beringpromugol LLC. Since late 2016 the company has been developing the Fandyushkinskoye field deposits. This year the company has mined 471 thousand tons of coal, up…
DetailsIzhstal has mastered the manufacture of a contact rail used to provide the subway wagons with current. Previously such rails have been imported. The billet for the manufacture of this rail is made of low-carbon steel, and then is rolled at the bar mill-450. The trial batch of rails with the volume of 50 tons…
DetailsIn January-October Zaporizhstal increased payments to budgets of all levels by 29% YoY, to 3.2 billion UAH. According to the company statement, payments to local budgets grew from 505 million UAH to 574 million UAH. The increase in tax payments is due to the growth of salary at the company. Thus, as of October the…
DetailsThe Ministry of Energy and Coal Industry has not taken any decision yet on the shut down of the Novovolynskaya mine No. 9. According to the deputy minister Anatoly Korzun, the mine is intended to yield 90 thousand tons of coal next year and commission two new long faces. “We see no need to shut…
DetailsSvyatogor has started using the overpass No. 6 to unload loose cargo. “This overpass is very important for the stable provision of the processing manufacture with raw materials and the production of raw copper. The reconstructed overpass replaced an old one, which had been in the operation since 1947”, the company said. The construction of…
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