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…
DetailsIn 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…
DetailsMechel 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.…
DetailsThe 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)
DetailsMetalloinvest 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…
DetailsThe 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.…
DetailsIn 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…
DetailsKAZ 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…
DetailsOrmet 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…
DetailsAvdiivka Coke and Chemical Works underreceived another batch of coal, delivered by train. In June 2 the local police was informed that 1700 kg of coal disappeared from the cargo train. Earlier, on May 27 some 5 thousand tons of coal were stolen on the same route. Last year the police noted 112 thefts of…
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