The Cabinet of Ministers has confirmed the creation of the state enterprise National Coal Company. It will unite 19 state enterprises, which include 33 state mines. The creation of this state enterprise will optimize the structure of coalmining companies by uniting them in a single legal entity and improving mines efficiency. In 2017 the state…Details
DTEK Energo has purchased shares of Svet Shakhtera, Druzhkovka Machine-Building Works and Mining Machines, previously parts of Corum Group. “These companies are the main suppliers of coalmining machines and equipment to the group. This deal will allow DTEK Energo to decrease expenses on machinery, provide its coal enterprises with spare parts on time and improve…Details
Export of Russian coal from January through November increased by 5% YoY, to 170.428 million tons, the Ministry of Energy said.
The commodity exports volume in November reached 15,339,000 tons.
Coal mining in January-November amounted to 371,772,000 tons, of which 323,146,000 tons were delivered. (PortNews/Ukrainian metal)
In January-October Ukraine sold 1.721 trillion UAH worth of goods and services, up by 24.06% YoY. According to the State Statistics Service, in October mining and processing products sales increased by 23.1% YoY, including exports – by 24.9%: in particular in mining – by 24.2% (by 6.9%) and in processing – by 22.9% (27.1%). The…Details
The corrected project of the state budget for 2018 presupposes provision of 300 million UAH to cheapen loans, attracted by the state coalmining enterprises for the construction and development. Their debt for electricity consumed at the volume of 1.4 billion UAH will be cleared from the special fund. The source of money for this fund…Details
This year Volyn region miners have lost some 130 million UAH because of the unfinished construction of the mine No. 10, According to the regional authorities, some 600 million UAH are needed to commission the first stage of the mine. Then the enterprise has to earn money for the second and third stages itself. The…Details
The volume of metal wares output in Volgograd region in January-October 2017 totaled 44 billion rubles, up by 8.3 billion rubles. Modernization of metal machinery at the local plants positively affects the industrial indexes. In particular, the revamping projects are carried out at Volzhskaya Kuznitsa LLC, Volzhsky Pipe Works LLC. This year Severstal Ropes has…Details
In January-November Russky Ugol mined over 12.7 million tons of energy-generating coal, up by 10% YoY and by 4% from the planned target. Krasnoyarsk district companies demonstrate the highest growth of the output – by 15% YoY and by 7% from the plan. The region yielded 5.8 million tons of coal. The Republic of Khakasia…Details
The plant in the town of Davlekanovo, a part of Ryazan Pipe Works, has started manufacturing thin-walled pipes of cold-rolled steel. In particular, in November the company started producing section pipes of 20x20x1.0 (1.2) mm, 25x25x1.0, 30x20x1.2 and 40x20x1.0 mm. In December the company intends to start producing round pipes of 18×1.0 (1.2), 20×1.0 (1.2)…Details
At present Kimkano-Sutarsky Mining and Processing Works is operating at 80% of its capacities. “We ship some 140 thousand tons of iron ore concentrate per month. We deliver to both local, and foreign customers. By the end of the year we intend to have reached our project capacity – 3.2 million tons per year”, the…Details
REMZ employees have resumed operation after their salary debts have been cleared.
In November REMZ produced 30 thousand tons of steel, the largest monthly volume this year. The target has been exceeded by 65%.
In a month the works hired 50 people and intends to employ 65 more. (Ukrainian metal)
In January-November Azovstal Iron and Steel Works produced 3.499 million tons of rolled metal, up by 13.2% YoY. According to the company statement, steel output grew by 15.3%, to 3.946 million tons, while that of pig iron – by 18.1%, to 3.466 million tons. In November Azovstal produced 354 thousand tons of rolled metal, 378…Details
ASRZ LLC is modernizing electric filters of the gas-purifying machine at converters Nos. 1 and 2 of Azovstal Iron and Steel Works. The company produces metal structures, while Dneproenergostal supplies electric equipment. “To create parts and joints of the future filter body ASRZ has developed designs using 3D-models of the whole unit. 3D-modelling helps avoid…Details
In January-October Yakutia obtained 21.5 tons of gold, including 11.8 tons of ore gold and 9.7 tons of alluvial gold. Alluvial gold target has been outperformed by 7%. Ore gold output is slightly lagging behind, but should increase. The target for this year is 24 tons of both ore and alluvial gold. In 2011 the…Details
ArcelorMittal Kriviy Rih is creating a specialized repair enterprise the Foundry-Mechanical Plant LLC on the basis of 7 shops. Its main activities will be the repair business. The creation of the company started in November and is scheduled to end in April 2018. The new enterprise will provide repair services both to its own companies…Details
As of early December Kimkano-Sutarsky Mining and Processing Works has shipped 1.5 million tons of iron ore concentrate since the start of operation in 2016. In January-September the works shipped 1.167 million tons. In Q3 the company produced 469.9 thousand tons of iron ore concentrate. At present, according to the company CEO Yuri Makarov, KSGOK…Details
In January-October Telen mined 97 million tons of coal. As of November 15 output reached 105 thousand tons. “Telen intends to operate while its license is still valid – till 2059. Our plans for the future is to increase output, expand sales markets and construct industrial premises”, the company said. In 2016 the company obtained…Details
Natalka Mining and Processing Works, the main new project of Polyus, has received the first batch of Dore gold. The company is testing the new machinery. Polyus expects the project to reach full capacity by late 2018. Natalka gold-extracting factory with the capacity of 10 million tons of ore is the largest in Russia. It…Details
The rolling shop No. 1 of the Zlatoust Electrometallurgical Works has started manufacturing new products – the 45×580 mm hot-rolled strip. “The strip has been manufactured at the 1150-mill of the 2.8-ton steel ingot. In just one smelting of the 560×560 mm ingot we were able to receive the 45×580 mm strip with the high…Details
Corum Group has purchased a Doosan DBC160 drilling-milling center for its plant in the city of Kharkiv for 1 million euro. This is the largest investment in the manufacturing machinery of the company in the past several years. According to the company the purchase will allow it to produce most of the spare parts on…Details
In October world pig iron manufacture increased by 1.7% YoY, to 99.649 million tons. According to World Steel Association, China was leading with 60.015 million tons, up by 2.1% YoY. Ukraine occupies the 9th position with 1.655 million tons, followed by Taiwan with 1.25 million tons. In November Ukraine produced 1.83 million tons of pig…Details
The management of Zaporozhye Aluminum Works hopes that the Cabinet of Ministers will write off its 50 million UAH debts to the Pension Fund. According to the fund, Zaporozhye region companies’ debts stand at 62.204 million UAH. ZALK is the largest debtor with 53.32 million UAH, followed by Zaporozhye Titanium and Magnesium Works (4.24 million…Details
Since the start of the year Dalenergougol LLC has mined 60 thousand tons of coal at the Vostochniy site of the Ilyichevskoye deposits. The company operates four Belaz-7547 with the lifting capacity of 40 tons each at the site, as well as Komatsu PC 750 and Hitachi 650 excavators. By the end of the year…Details
In October Russian Railroads transported 8.9 million tons of iron ore, on the level of the year start. Since the beginning of the year some 91.3 million tons of ore have been transported, down by 0.2% YoY. Exports continued decreasing due to the growth of local consumption. The largest decrease in exports was in the…Details
S&P Global Ratings has improved the TMK rating to the Stable. The agency has also confirmed the company long-term ratings in foreign and local currency on the level of B+. “The Stable forecast shows our expectation of the company to continue making efforts to decrease the share of loan funds”, the agency said. According to…Details
In November Zaporizhstal produced 300.5 thousand tons of steel, down by 3.6% YoY. According to the company statement, pig iron manufacture increased by 14.8%, to 316.9 thousand tons, while rolled metal output dropped by 30.2%, to 186.2 thousand tons. The decrease in manufacture is explained by the capital repairs of 1150 and 1680 rolling mills…Details