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Until the end of the year Electrozinc will liquidate its non-operating lead manufacture. A part of the freed space will be used to construct a new electrolysis shop. Investments in the project will exceed 100 million rubles. The sinter department of the lead manufacture, operating since 1963, was shut down in 2012. (Ukrainian metal)
DetailsZagorsky Pipe Works has finished the re-certification procedure according to EN 10219-1. The certificate confirms the company right to supply its pipes to the countries working with the European system of pipe certification. The certificate is valid until October 2019. ZTZ received its first EN 10219-1 certificate in 2016. (Ukrainian metal)
DetailsYakutugol has finished delivering coal from its Djebariki-Khaya pit due to the wrap up of the summer navigation season. In May-October the company shipped 307 thousand tons of coal. The shipping plan has been exceeded by 2%. Coal has been shipped by Yakutia rivers to 14 northern and central settlements. (Ukrainian metal)
DetailsPrices of gold, silver and palladium decreased in Azerbaijan on October 10, according to the data published by the Central Bank. The price of gold dropped by 2.805 manats, to 2,022.456 manats per ounce on October 10 compared to the price on October 9. The price of silver fell by 0.0504 manats, to 24.4568 manats…
DetailsThe Ministry of Finance and the State Committee of Uzbekistan on Privatization, Demonopolization and Development of Competition left the Almalyk Mining and Metallurgical Combine with full net profit for 2017. Last year the combine earned 124 billion soums of net profit. Of this money, 88.2% (state share) – 109.4 billion soums – were decided to…
DetailsTajikistan needs some $500 thousand to complete the prospecting works at the Kurgovad deposit. The deposit has large resources of alumina, the main raw material for the manufacture of aluminum. The project aims among other thing at “solving current economic and social issues of development of Tajikistan, mastering the manufacture of competitive products to replace…
DetailsUral Mining and Metallurgical Company has attracted a debut syndicated loan of EUR 100 million. The loan has been provided by a pool of European banks: Raiffaisen Bank International AG, Raiffaisenbank, Rosbank and Societe Generale. The 3-year loan is structured as a classical re-export financing secured by the future supplies of copper and other export…
DetailsSSM-Tyazhmash has produced a steel ladle, a loading chute and a platform to transport chutes for Cherepovets Iron and Steel Works. The chute has the volume of 100 cubic meters and weighs 78.3 tons, while the platform has the length of 15.1 meters, the lifting capacity of 189 tons and weighs 51 tons itself. By…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, has started a $60-million expansion of a rail wheel production at its subsidiary Evraz Nizhny Tagil Metallurgical Plant (Evraz NTMK) by 78,000 units per year, Evraz said in a statement. The company plans to launch two fully automated lines for full section manufacturing of rail wheels…
DetailsIn September Dneprospetsstal decreased steel output by 7.9% MoM, to 19343 tons. According to the company statement, rolled metal manufacture decreased by 5.7%, to 13.229 thousand tons. In January-September steel output dropped by 2.3% YoY, to 188.151 thousand tons, and that of rolled metal – by 0.9%, to 125.588 thousand tons. (Ukrainian metal)
DetailsArcelorMittal Kriviy Rih has finished the scheduled repair of the blast furnace No. 7. According to the company statement, as a result the pig iron output increased to 16 thousand tons per day, and will have further increased to 17 thousand tons by mid-October. Investments in the repair totaled 240 million UAH. The repair started…
DetailsIn January-September Ferrexpo Plc, controlling Poltava and Yeristovo Mining and Processing Works, produced 7.756 million tons of pellets, up by 1.3% YoY. In 9 months the company produced 7.257 million tons of pellets with the iron content of 65% and 484.57 thousands tons with the iron content of 62%. In July-September pellets output grew by…
DetailsDeputy Minister of Energy and Coal Industry Anatoliy Korzun says the Cabinet of Ministers has allocated UAH 136 million ($4.8 million) in wages for the country’s miners. “The government has signed a resolution on the allocation of UAH 136 million to pay off wage arrears for miners. Now the last conciliation procedures are underway. I…
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