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Metalloinvest has signed a long-term loan agreement with Credit Agricole CIB (France). According to the company statement, the loan of 72 million euros will be attracted for 12 years under the Euler Hermes Aktiengesellschaft guarantees. Metalloinvest intends to spend the money to purchase Takraf GmbH machinery. The machinery will be stationed at the Lebedinsky Mining…
DetailsNLMK Group, a global steel company, is designing equipment to implement stamp charging process at Altai-Koks. This will boost coke quality and reduce the cost of its production through use of more cost-efficient grades of coking coals. Stamping technology is under implementation at coke plant No. 5, launched in 2006 with a design capacity of…
DetailsLocal residents are dissatisfied with the development of Ishtamberdy gold field in Chatkal district of Jalal-Abad region. They held a protest. Residents are unhappy that the developer Full Gold Mining does not comply with environmental standards. As the State Committee of Industry, Energy and Subsoil Use reported, officials intend to visit the field and sort…
DetailsThe Cabinet of Ministers has adopted a new decree on scrap procurement. Uzvtortsvetmet was ordered in two months to organize in all cities and district centers special points of acceptance of scrap from individuals. All the equipment containing ferrous and non-ferrous metals from January 1, 2019 will have to be submitted to Uzmetcombinat and Uzvtortsevtmet…
DetailsA miner died at the Rodina mine of the Krivoy Rog Iron Ore Industrial Complex. The 32-year old employee was carrying out hazardous work. According to the police, the preliminary reason of death is the electric shock. (Ukrainian metal)
DetailsThe channel capacity of the Kamysh-Zarya – Volnovakha route, through which raw materials are delivered to iron and steel works in Mariupol, is still below the desired level. “The Mariupol direction is still problematic. Only 18-22 pairs of cargo trains per day pass there, while the full operation of Mariupol Ilyich Iron and Steel Works…
DetailsUkrainian scrap procurers and metal companies ask the members of the Verkhovna Rada to pass the decree on de-shadowing of the scrap market. The draft decree presupposes making amendments to the current laws of scrap metal, accounting and to the Criminal Code. The decree cancels the division of the scrap into household and industrial and…
DetailsDneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, and the authorities of the city of Kamenskoye have signed a memorandum of cooperation to improve environment. The document has been signed by the city mayor Andrey Belousov and the company CEO Alexander Podkorytov. DMK is actively participating in the infrastructure development.…
DetailsIn 2018 Ukraine witnesses the falling of ferrous scrap procuring. In 5 months procurement totaled 1.51 million tons. “Since early March ArcelorMittal Kirviy Rih has been excluded from scarp procurement list. That’s some 30-40 thousand tons per month”, the UAVtormet association president and Keramet CEO Vladimir Bubley said. According to him, scrap procurement has also…
DetailsPrime Minister Mukhammdekaliy Abylgaziev has ordered to find the investor to extract gold from Makmal tailings. The mine was commissioned in 1986. The enterprise used to employ 3 thousand people and yield 250 kg of gold per month. This year the government reported of the complete thinning of the resources. Investors can be offered the…
DetailsPolyus 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…
DetailsThe 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…
DetailsIn 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…
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