In January-April Zapadnaya Mining and Ore Company mined 112 kg of ore gold at the Badran deposits in the Republic of Sakha (Yakutia). Silver output totaled 8.4 kg. Actually, this volume was obtained in 2 months, as in March the company did not mine. In late February the company license was revoked. By April Zapadnaya…Details
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In April Russia produced 4.32 million tons of pig iron, down by 2.1% YoY (4.462 million tons in March). In January-April pig iron production totaled 17.28 million tons, down by 0.3% YoY. Ukraine increased pig iron output in April by 11.9% YoY, to 1.649 million tons (1.678 million tons), and by 9.8% YoY in 4…Details
Uralelectromed has mastered the manufacture of wire rod with the diameter of 10 mm. So far the company has been producing only 8-mm wire rod. The suggestion to produce this wire rod came from the Cable Alliance Holding, and the contract for the pilot batch of wire rod was concluded. As a result UEM shipped…Details
Volzhsky Steel Structures Works is participating in the project on the environment modernization of the manufacturing process at the Krasniy Octyabr Iron and Steel Works. According to the VZK sales director Julia Ilchenko, the company will produce gas pipeline structures. The company is also actively cooperating with the enterprises of the fuel and energy complex,…Details
Metinvest has modernized the railroad station “Uzlovaya-1” at the Avdiivka Coke and Chemical Works. Investments totaled 24 million UAH. Now the railroad switches and traffic lights along the entire route are managed in automatic mode. With the help of the computer with a large display a person on duty at the station monitors all the…Details
Zaporizhstal has presented its environment-protection measures at the 2nd International Environment Forum. The environment protection department director Inna Kholina described measures taken by the works to decrease water consumption and water discharge. “The large-scale program on decreasing environment pressure on the region allowed us in 2017 to reduce water intake by 10% and decrease used…Details
In March Metinvest increased EBITDA by 14.8% MoM, or by $29 million, to $225 million, with its revenue up by 19.91%, or by $182 million, to $1.096 million. As of March 31, the group total debt reached $3.086. In March Metinvest sold 619 thousand tons of semi-finished products valued at $275 million, in particular, 374…Details
Polyus has attracted an ING Bank loan of $70 million at the fixed rate. The loan has to be paid in full in one installment in 2023. The company intends to spend this money to cover its current activities Polyus is one of the top-10 gold-extracting companies in the world. It has the second largest…Details
In April Russia produced 6.03 million tons of steel, up by 2.4% YoY (6.23 million tons in March). In January-April steel output totaled 23.797 million tons, up by 0.9% YoY. Ukraine increased steel output by 6% YoY, to 1.721 million tons (1.711 million tons), with 6.985 million tons produced in the first 4 months of…Details
The first stage to replace rigging of the electrolysis baths has started in the nickel electrolysis shop of Kola Iron and Steel Company. The work is carried out within the investment project to stop using nickel anodes. Instead, the company will use nickel powder, obtained from tubular furnaces, as raw materials. The trial batch of…Details
Uralelectromed has commissioned a new converter in the metal shop of its subsidiary – Proizvodstvo Polymetallov (Polymetal manufacture). The machine produces blister copper. It has replaced an outdated machine. The cost of the project is 40 million rubles. The company expects the new converter to operate for 30-40 years. The UEM subsidiary operates 4 converters…Details
According to Promnastil CEO Dmitry Gaponov, at present galvanized steel grating is in demand. Hence the company is increasing output. In 2 years grating manufacture increased 3-fold. 20% of the product is sold in the South Federal District. At the same time Gaponov noted, that the market was inactive. The construction of industrial buildings has…Details
The prices of the main precious metals increased on May 31, according to the data published by the Central Bank. The cost of gold increased by 7.7095 manats, to 2215.61 manats per ounce compared to the price on May 30. The cost of silver increased by 0.2793 manats, to 28.0939 manats per ounce. The cost…Details