Beringpromugol LLC intends to have increased coal mining at the Fandyushkinskoye Pole deposits in Chukotka to 2 million tons per year by 2024. In 2020 a new processing factory with the capacity of 1 million tons per year will be put into operation. According to the company CEO Denis Kurochkin, until the end of the…
DetailsThe “Hovering Bridge” in Moscow is being constructed using the rebar threads supplied by Severstal-Metiz. For the construction of the bridge the company has already supplied over 170 tons of rebar threads. They were used as rebars in ferroconcrete structures. Now the bridge is ready for operation. The “Hovering Bridge” is a V-type structure. Its…
DetailsIn August Dneprovsky Iron and Steel Combine underproduced 10 thousand tons of rolled metal because of the forced idle time of the 400/200 mill. According to the acting director of the rolling shop on 400/200 mill Igor Chuyko, when the works resumed operation the mill did not operate in normal order because of the lengthy…
DetailsIn August Zaporizhstal produced 353.4 thousand tons of steel, up by 9.6% YoY. According to the company statement, pig iron output increased by 28.4%, to 381.8 thousand tons, and rolled metal – by 3.7%, to 2.175 million tons. In January-August Zaporizhstal produced 2.58 million tons of steel, 2.358 million tons of pig iron and 2.175…
DetailsIn January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works earned 3.9 billion rubles, up by 25% YoY. The company net profit increased by 6.3% YoY, to 16.1 million rubles. The main factor for the growth of revenue was the increase of non-ferrous rolled metal sales. “Sales increased by 14.7% YoY, to 10.9 thousand tons. With powder sales…
DetailsChusovskoy Iron and Steel Works, a part of OMK, has begun an investment project on the construction of a new mill to produce spring billets. The project will decrease import dependence and increase the company capacities to produce few-leaf springs. The capacity of the new mill will be over 5.7 thousand tons of spring billets…
DetailsThe Federal Antimonopoly Service hosted a meeting on the graphitized electrode market competition. According to the director of industrial control department Nelli Galimkhanova, the meeting was gathered following two claims from Rostov Electrometallurgical Works and Krasniy Octyabr. The situation is difficult, as the market has been experiencing a sharp shortage because of decrease in capacity…
DetailsA ship loaded with 62,000 tons of steam coal last week departed the port of the American city of Baltimore and should arrive in Yuzhny port in Ukraine in mid-September, Ukrainian Ambassador to the United States Valeriy Chaly has reported. According to him, the relevant contract for the supply of coal was signed between the…
DetailsThe state enterprise Vostochniy Mining and Processing Works has not received 160-180 million UAH of profit because of the halt of Smolinskaya and Ingulskaya mines in Kirovograd region, “It’s been three months since the mines stopped operation and the uranium ore was not mined. According to our preliminary calculations, we have suffered some 160-180 million…
DetailsCoal exports via Rosterminalugol Terminal, the largest dedicated coal port in Russia’s North-West region and a member of the largest coal port holding Port Management Company LLC, has reached 16 million tons. The company reported that the milestone was recorded on August 21. The 16-millionth ton was loaded onto Handymax dry bulk carrier Albion Bay.…
DetailsManagement of Dneprovsky Iron and Steel Combine is interested in providing safe labor conditions and competitive salary to its employees. Since the new start of the works 365 employees joined its ranks, all of them local citizens of Kamenskoye. “Even now there is a way to increase wages. We also want to review the bonus…
DetailsVSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…
DetailsThe Arbitrary court of Rostov region has satisfied the claim of Level LLC to Rostov Electrometallurgical Works LLC on the reclamation of 25.9 million rubles. According to the agreement between the companies Level supplied 27.2 million rubles worth of scrap, but because of the untimely payment further deliveries were not carried out, while the buyer…
DetailsThe southern part of the Vograshorskaya mine has 23 million tons of coking coal. “It was impossible to get to those deposits, so we decided to construct a separate sloping hole”, Vorkutaugol executive director Yevgeniy Balukov explained. The construction has been complete, and the company has started preparing the breakage face. The development of the…
DetailsIn January-August gold-extracting companies of Irkutsk region obtained 14.11 tons of gold, down by 2.3% YoY, including 7.466 tons of ore gold and 6.643 tons of alluvial gold. 3 companies mine for ore gold in the region. Pervenets, a part of Polyus, mined 4.18 tons. Vysochaishiy yielded 2.728 tons, and Druza LLC – 558.7 kg.…
DetailsIn January-June Seligdar received 283.3 million rubles of net losses, down by 42% YoY. Earnings increased by 19.6%, to 2.3 billion rubles. Gross profit dropped by 1%, to 699.6 million rubles. Losses before taxation totaled 343.5 million rubles, down by 43%. EBITDA decreased by 16%, to 711.9 million rubles. As of June 30, the company…
DetailsSberbank CIB has signed two loan agreements of providing Vysochaishiy, a part of GV Gold, with $150 million (8.7 billion rubles). The first agreement presupposes the loan of $100 million (5.8 billion rubles) for 5 years. While the second is for 3 billion rubles ($50 million) for 3 years. (Ukrainian metal)
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