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Growing dependency of the Russian coal industry on exports creates risks, as the external markets are volatile, president Vladimir Putin told governors of the country’s coal-producing regions on August 22. “Our consumption grew to 180 million tons last year, but we exported 210 million tons. The growing dependency on the external markets creates threats and…
DetailsSouthern Kuzbass, a subsidiary of Russian metals and mining group Mechel, has launched production at a 400-million ruble longwall at the Lenin underground mine with reserves of 560,000 tons of coal, the company said in a statement on August 22. The new longwall should raise the mine’s capacity and production of coking coal. Monthly loading…
DetailsArcelorMittal Kriviy Rih is launching a new Ecocity project. Its goal is to support the social and environmental initiatives of the residents of Kriviy Rih on improvement and landscaping of urban areas, resource saving and rational use of waste. The best of them will be financed by the company by allocating grants. The total prize…
DetailsNLMK’s carbon oxide (CO) emissions set to reduce by 3,000 tonnes per year, GHG (СО2) emissions set to reduce by 650,000 tonnes per year NLMK Group, a global steel company, and the Administration of the Lipetsk Region have signed a memorandum of intent to build a new recovery power plant at NLMK Lipetsk, running on…
DetailsAccording to the Order of the Directorate of Rosprirodnadzor (Federal Service for the Supervision of Use of Natural Resources) for Zabaikalye Region, the state environmental expert committee of the federal level approved design documentation for Udokan Mining and Metallurgical Plant Stage 1 with the capacity of 12 mtpa of ore. The expert committee found that…
DetailsVenturing into the steel sector through these inorganic route entailed quite a struggle for the company, with the acquisition of the debt-ridden ESL materialising only after protracted battles in bankruptcy courts. Vedanta, industry news, ESL, steel maker, Electrosteel Steel, BPSL, Bhushan Power & Steel, JSW Steel Shortly after acquiring ESL, Vedanta announced capacity expansion of…
DetailsNEW DELHI: A couple of weeks back, over 200 families living in a prominent Noida housing society got eviction notices from a bank asking them to vacate their homes. The notices, sent by the Union Bank of India, were nothing less than the shock of their lives for the residents of Gardenia Gateway who were…
DetailsReuters reported that thyssenkrupp was filing a complaint with a European court to dispute an antitrust decision that blocks a planned joint venture with Tata Steel. The complaint to the General Court of the European Union seen as a symbolic move comes after the Commission in June vetoed plans to create Europe’s second-biggest steelmaker, fearing…
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