Metalloinvest has signed a long-term loan agreement with Credit Agricole CIB (France). According to the company statement, the loan of 72 million euros will be attracted for 12 years under the Euler Hermes Aktiengesellschaft guarantees. Metalloinvest intends to spend the money to purchase Takraf GmbH machinery. The machinery will be stationed at the Lebedinsky Mining…Details
NLMK Group, a global steel company, is designing equipment to implement stamp charging process at Altai-Koks. This will boost coke quality and reduce the cost of its production through use of more cost-efficient grades of coking coals. Stamping technology is under implementation at coke plant No. 5, launched in 2006 with a design capacity of…Details
Local residents are dissatisfied with the development of Ishtamberdy gold field in Chatkal district of Jalal-Abad region. They held a protest. Residents are unhappy that the developer Full Gold Mining does not comply with environmental standards. As the State Committee of Industry, Energy and Subsoil Use reported, officials intend to visit the field and sort…Details
The Cabinet of Ministers has adopted a new decree on scrap procurement. Uzvtortsvetmet was ordered in two months to organize in all cities and district centers special points of acceptance of scrap from individuals. All the equipment containing ferrous and non-ferrous metals from January 1, 2019 will have to be submitted to Uzmetcombinat and Uzvtortsevtmet…Details
A miner died at the Rodina mine of the Krivoy Rog Iron Ore Industrial Complex.
The 32-year old employee was carrying out hazardous work.
According to the police, the preliminary reason of death is the electric shock. (Ukrainian metal)
The channel capacity of the Kamysh-Zarya – Volnovakha route, through which raw materials are delivered to iron and steel works in Mariupol, is still below the desired level. “The Mariupol direction is still problematic. Only 18-22 pairs of cargo trains per day pass there, while the full operation of Mariupol Ilyich Iron and Steel Works…Details
Ukrainian scrap procurers and metal companies ask the members of the Verkhovna Rada to pass the decree on de-shadowing of the scrap market. The draft decree presupposes making amendments to the current laws of scrap metal, accounting and to the Criminal Code. The decree cancels the division of the scrap into household and industrial and…Details
Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, and the authorities of the city of Kamenskoye have signed a memorandum of cooperation to improve environment. The document has been signed by the city mayor Andrey Belousov and the company CEO Alexander Podkorytov. DMK is actively participating in the infrastructure development.…Details
In 2018 Ukraine witnesses the falling of ferrous scrap procuring. In 5 months procurement totaled 1.51 million tons. “Since early March ArcelorMittal Kirviy Rih has been excluded from scarp procurement list. That’s some 30-40 thousand tons per month”, the UAVtormet association president and Keramet CEO Vladimir Bubley said. According to him, scrap procurement has also…Details
Prime Minister Mukhammdekaliy Abylgaziev has ordered to find the investor to extract gold from Makmal tailings. The mine was commissioned in 1986. The enterprise used to employ 3 thousand people and yield 250 kg of gold per month. This year the government reported of the complete thinning of the resources. Investors can be offered the…Details
Polyus intends to put the Sukhoi Log gold deposits in Irkutsk region in operation by 2026. So far the company has bored 43 thousand running meters. The capacity of the factory is expected to be 30 million tons of ore per year. Extraction share will reach 88-90%. Average annual output will be 1.6 million ounces…Details
The Moscow Coke-Gas Works has begun the final stage of the gasholder construction to regulate gas pressure in the gas system of the company. The total amount of investments is 114 million rubles. This is the first gasholder construction in Russia in the past 30 years. The gasholder is expected to be put into operation…Details
In May industrial prices in Ukraine grew by 0.8% YoY after a zero growth in April, an increase of 0.3% in March, 1.2% in February and 4.4% in January. According to the State Statistics Service, coal became 4.3% more expensive, while coke – 3.6%. Since the beginning of the year industrial prices have grown by…Details
Ukrainian companies can count on being excluded from the US steel and aluminum sanctions lists. “We believe that we can seriously rely on being excluded from the duties lists. US is rather seriously reviewing our arguments”, deputy minister of economical development and trade, trade representative of Ukraine Natalia Mikolskaya said following the negotiations with US…Details
Corum Group will become a heavy engineering arm of the country’s biggest energy group, DTEK Energy. The company will retain its brand and continue operations in Ukraine and internationally. Corum businesses that have joined DTEK Energy will continue to operate on competitive external markets both in Ukraine and abroad. Moreover, Corum will keep its brand…Details
In 2017 Trading House MMK sold 1.2 million tons of metal valued at over 46 billion rubles.
The share of the end customers reached 65%.
TH MMK, an official seller of MMK products, has 30 divisions in Russia and 5 in Kazakhstan.
Its strategic regions are the Urals, Povolzhye and Siberia. (Ukrainian metal)
Elgaugol LLC has put into operation 2 Volvo loaders. The new machines to load coal have the capacity of up to 200 thousand tons per month. The special construction of the ladle with the volume of 12 cubic meters makes it easier to load coal, resulting in the speed up of the operation and the…Details
Hundreds of Krasniy Octyabr employees stopped working and went on a strike. The reason was the news on the labor condition changes because of the FIFA World Cup. The workers were enraged by the tiny salary they would receive during the forced delay in the company operation. According to FIFA environment demands, since May 25…Details
An employee of a contractor company perished at the Mariupol Ilyich Iron and Steel Works. The accident with the employee of the Azov Bud-Proekt LLC happened on June 8. The welder fell into the skip pit while working at the blast furnace No. 5. The blast furnace shop of Mariupol Ilyich operates 5 furnaces with…Details
This year Zaporizhstal will invest some 34 million UAH in the improvement of the working conditions of its employees. According to the company statement, 19 premises with the combined size of 6 thousand square meters will be repaired. Earlier the company has already assembled crane conditioners in the sheet-rolling shop, cold-rolling shop No. 1 and…Details
Altai-Koks will invest some 4 billion rubles in modernization of the coke-oven plant No. 5. “We’re operating on 5 coke-oven plants, and the fifth one will be reconstructed, we’re switching to the ramming technique. It will increase the efficiency of the plant. The project will be carried out in 2 years”, the company CEO Pavel…Details
Rosterminalugol, operator of Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC) has shipped 10 million tons of export coal year-to-date. According to the stevedoring company, the milestone ton was loaded onto the Panamax ship Robert Oldendorff. This result was achieved on June 8 (in 2017 – on June 12). From the…Details
A factory workshop for the production of small gold bars will be opened in Kyrgyzstan, the Chairman of the National Bank Tolkunbek Abdygulov stated at the meeting of the parliamentary committee on budget and fiscal policy. According to him, the bank together with Kyrgyzaltyn is working on the opening of the workshop. “We need it…Details
In May Dneprospetsstal produced 21.8 thousand tons of steel, on the April level. Rolled metal manufacture dropped by 0.5% MoM, to 14.3 thousand tons. The total cost of products manufactured in May reached 863929 thousand UAH, up by 2.8% MoM. In January-May DSS produced 107.4 thousand tons of steel and 71.52 thousand tons of rolled…Details
Azovstal Iron and Steel Works, a part of Metinvest, is forced to shut down its converter No. 2 from June 26 for essential repairs. The company has to make this move under pressure form environment activists, who claim the converter is seriously damaging the city of Mariupol air. At present Azovstal converters make 22 steel…Details
Kopy Goldfields (Sweden) has published an adjusted estimate of the JORC mineral resources of the Krasnoye deposits. The licensed territory in the Irkutsk region contains two sites – Krasniy and Vostochniy. The evaluation was carried out by Micon International Co Limited on the basis of prospecting works in February. The deposit resources have increased by…Details