Polyus intends to put the Sukhoi Log gold deposits in Irkutsk region in operation by 2026. So far the company has bored 43 thousand running meters. The capacity of the factory is expected to be 30 million tons of ore per year. Extraction share will reach 88-90%. Average annual output will be 1.6 million ounces…Details
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The Moscow Coke-Gas Works has begun the final stage of the gasholder construction to regulate gas pressure in the gas system of the company. The total amount of investments is 114 million rubles. This is the first gasholder construction in Russia in the past 30 years. The gasholder is expected to be put into operation…Details
In May industrial prices in Ukraine grew by 0.8% YoY after a zero growth in April, an increase of 0.3% in March, 1.2% in February and 4.4% in January. According to the State Statistics Service, coal became 4.3% more expensive, while coke – 3.6%. Since the beginning of the year industrial prices have grown by…Details
Ukrainian companies can count on being excluded from the US steel and aluminum sanctions lists. “We believe that we can seriously rely on being excluded from the duties lists. US is rather seriously reviewing our arguments”, deputy minister of economical development and trade, trade representative of Ukraine Natalia Mikolskaya said following the negotiations with US…Details
Corum Group will become a heavy engineering arm of the country’s biggest energy group, DTEK Energy. The company will retain its brand and continue operations in Ukraine and internationally. Corum businesses that have joined DTEK Energy will continue to operate on competitive external markets both in Ukraine and abroad. Moreover, Corum will keep its brand…Details
In 2017 Trading House MMK sold 1.2 million tons of metal valued at over 46 billion rubles. The share of the end customers reached 65%. TH MMK, an official seller of MMK products, has 30 divisions in Russia and 5 in Kazakhstan. Its strategic regions are the Urals, Povolzhye and Siberia. (Ukrainian metal)Details
Elgaugol LLC has put into operation 2 Volvo loaders. The new machines to load coal have the capacity of up to 200 thousand tons per month. The special construction of the ladle with the volume of 12 cubic meters makes it easier to load coal, resulting in the speed up of the operation and the…Details
Hundreds of Krasniy Octyabr employees stopped working and went on a strike. The reason was the news on the labor condition changes because of the FIFA World Cup. The workers were enraged by the tiny salary they would receive during the forced delay in the company operation. According to FIFA environment demands, since May 25…Details
An employee of a contractor company perished at the Mariupol Ilyich Iron and Steel Works. The accident with the employee of the Azov Bud-Proekt LLC happened on June 8. The welder fell into the skip pit while working at the blast furnace No. 5. The blast furnace shop of Mariupol Ilyich operates 5 furnaces with…Details
This year Zaporizhstal will invest some 34 million UAH in the improvement of the working conditions of its employees. According to the company statement, 19 premises with the combined size of 6 thousand square meters will be repaired. Earlier the company has already assembled crane conditioners in the sheet-rolling shop, cold-rolling shop No. 1 and…Details
Altai-Koks will invest some 4 billion rubles in modernization of the coke-oven plant No. 5. “We’re operating on 5 coke-oven plants, and the fifth one will be reconstructed, we’re switching to the ramming technique. It will increase the efficiency of the plant. The project will be carried out in 2 years”, the company CEO Pavel…Details
Rosterminalugol, operator of Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC) has shipped 10 million tons of export coal year-to-date. According to the stevedoring company, the milestone ton was loaded onto the Panamax ship Robert Oldendorff. This result was achieved on June 8 (in 2017 – on June 12). From the…Details
A factory workshop for the production of small gold bars will be opened in Kyrgyzstan, the Chairman of the National Bank Tolkunbek Abdygulov stated at the meeting of the parliamentary committee on budget and fiscal policy. According to him, the bank together with Kyrgyzaltyn is working on the opening of the workshop. “We need it…Details