This year Ukrzaliznytsia intends to finish the electrification of the Potoki – Zolotnishino route, which unites the main railroad with the Poltava Mining and Processing Works. This is expected to improve the efficiency of the company operation. According to Ferrexpo investors and communications director Ingrid MacMahon, the route electrification will decrease the time of products…Details
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In January-April Ukraine increased metal exports by 4.6% YoY, to 5.159 million tons. In addition, 6.181 million tons of rolled metal were produced, with 5.16 million exported, or 83.5%. In January-April 2017 the share of exports was 81.7%. The share of semi-finished products in the exports volume was 43.9%, up from 40.3%. Flat rolled metal…Details
The Zaporozhye region prosecutors have filed a claim to the court to recover 20 million UAH to the city budget from one of the largest metal companies of the region – Zaporozhye Abrasive Works. The prosecutors have found out that the company has been using the land site of over 50 ha without any agreements…Details
The energy saving project at the DTEK Pavlogradskaya Central Processing Factory will allow the company saving 70% of electric energy on lighting. DTEK Esco has completely financed and assembled 650 new LED-lamps as well as replaced 6 km of cable network. “This modernization will allow us saving 1.1 million kW-h per year, or 1.8 million…Details
The regional state enterprise Primteploenergo has announced a tender to estimate the market value of the 100% stake in Lermontovsky Mining and Processing Works in order to take a decision on selling it. The maximum price of the contract is 3.8 million rubles. The work has to be carried out within 20 days. Earlier the…Details
In 2019 Rusal intends to start reconstructing the capacities of the Yaroslavskaya Mining Company LLC (Yaroslavsky Mining and Processing Works), which has been idle since September 2013. Commissioning of the enterprise is scheduled for Q3 2020. “The works used to produce calcium fluoride, which cost $406 per ton, while China and Mongolia sold it much…Details
Mechel intends to buy Izhevsk Works of Metallurgy and Machine-Building (Izhmetmash). A group of Mechel representatives has held a meeting with the local ministry of industry. According to Udmurtia governor Alexander Brechalov, those were the second negotiations with the potential buyers. Earlier the works was offered to Izhora-Metall. On July 9 Izhmetmash will be reorganized.…Details
The Segal foundry-press plant has put into operation a new press machine. This is the seventh press machine operated by the company. It will help increase output and product quality, as well as strengthen positions on the Russian and foreign markets. The city mayor Sergey Yeremin participated in the event. (Ukrainian metal)Details
Metalloinvest is improving its sales and operation planning efficiency. Within the Industry 4.0 business transformation program the company is using the Quintiq solution at all of its key enterprises: Lebedinsky and Mikhaylovsky Mining and Processing Works, OEMK and Ural Stal. “The Quintiq solution helps to efficiently optimize the whole delivery chain. It will help us…Details
The state enterprise Vostochniy Mining and Processing Works has ordered SIA Zodiak Plus (Latvia) the delivery of sulfur valued at $1.23 million, or 38.95 million UAH without VAT. This year the company has to deliver 10 thousand tons of 9995 grade sulfur according to GOST 127.1-93 at $123 per ton or 3895 UAH per ton.…Details
In January-May Zaporizhstal increased rolled metal output by 13.8% YoY, to 1.5 million tons. Steel manufacture grew by 7.4%, to 1.7 million tons, and that of pig iron – by 28.5%, to 1.7 million tons. In May Zaporizhstal produced 311.1 thousand tons of pig iron, 320.4 thousand tons of steel and 307.1 thousand tons of…Details
KAZ Minerals intends to buy the controlling stake in the Baimskoye copper-porphyry deposit (Chukotka) development in June-July. The license to develop the deposit is owned by Baimskaya LLC. KAZ Minerals is expected to pay $1 billion and also submit a part of its shares. According to Goldman Sachs, the development of the Baimskoye deposits is…Details
Ormet has received the right to put into operation the first stage of the Djusinsky ore deposits. The project capacity of the mine is 220 thousand tons of ore per year. Investments in the first stage of the project totaled 2.4 billion rubles. Ormet obtained the license to develop the mine in 1999. In 2004-2014…Details