Severstal Steel Ropes, a part of Severstal-Metiz, has developed an improved version of TU006 rope for the speed descent attraction. It features increased size of the plastic all-round compression, more wire and a unique core structure. These novelties make the rope smoother and more flexible, at the same time retaining its strength over the whole…
DetailsOn March 24 a Zaporizhstal employee loaded ferrous scrap metal weighing 60 kg into his car and tried to drive with it out of the Balka Srednyaya. The thief has been detained by the security. The damage to the company was estimated at 455 UAH. On May 8 a Zaporozhye court fined the thief for…
DetailsIn May iron and steel works in CIS countries increased wire rod price to $595-600 per ton FOB Black Sea from $580 per ton, according to Platts. Rebars became $20 more expensive ($560 per ton). The gap between prices of wire rod and rebars has widened to $35 per ton. One of CIS works has…
DetailsAccording to Victor Galasyuk, the chairman of the Verkhovna Rada committee on industrial policy, the situation with the provision of domestic metal companies with scrap is worsening, and immediate reaction of authorities is required. He reminded that in order to provide the stable operation of Ukrainian metal industry the Verkhovna Rada had increased the scrap…
DetailsCenterra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2018, the Media Relations Department of the company has reported. Kumtor produced 100,220 ounces of gold in the first quarter of 2018 compared to 127,400 ounces of gold in the same period of 2017. The…
DetailsUkrgazvydobuvannya has concluded 6 agreements with Interpipe Ukraine LLC on the purchase of pipes valued at 3.04 billion UAH. The Victor Pinchuk company will supply 52 thousand tons of various pipes at 50-77 thousand UAH per ton. The pipes will be produced by Interpipe Niko Tube and Interpipe NTZ, as well as Siversk Pipe Works…
DetailsA 30-years old miner perished at the depth of 622 meters in the Centralnaya mine of the state enterprise Mirnogradugol.
“He went into the mine, where a rock cave-in later occurred. The miner fell from the anchoring and into the shaft”, the Donetsk region prosecutor’s office reports.
The police are investigating the accident. (Ukrainian metal)
In April railroad deliveries of rolled metal produced by NLMK to domestic customers and abroad totaled 1.08 million tons, down by 9.8% MoM, but up by 5.5% YoY. In March the results were +19.2% and +3.4%, while in February –11.4% and +2.3% respectively. In January-April the company shipped 4.4 million tons of metal, up by…
DetailsZlatoust Electrometallurgical Works has finished assembly of railroad to transport the floor-type loading machine at the thermal annealing furnaces site being constructed in the rolling shop No. 3. The foundation for the rails with the length of 48 meters each has been completed. At present the floor-type loading machine is being assembled. Bosio annealing furnaces…
DetailsUralelectromed has started modernizing the pouring complex of the anode furnace No. 2 at the copper-smelting shop with the unification of two anode removers for two types of anodes – 260 and 392 kg (at present the complex produces anodes weighing 260 kg). This year the company will commission the second stage of the copper…
DetailsThe board of directors of the Russian gold producer GV Gold has recommended that the shareholders approve payment of 2.238 billion rubles, or 40.6973 rubles per common share, in dividends for 2017, the company said in a statement on may 15. The amount includes 12.731 rubles per share of interim dividends for January-June 2017. The…
DetailsNLMK Group, a global steel company, announces that Sergey Karataev has decided to step down as NLMK Group’s Acting CFO. He has decided to continue his professional growth beyond the financial function as First Deputy General Director of Freight One (PGK), NLMK Group’s affiliate. NLMK Group is currently considering candidates for the CFO role. Details…
DetailsThe gross output of raw and semi-processed gold in the powder form reached 28,848 kg in January-April, up by 8.4% YoY.
The overall output of raw and semi-processed silver in the powder form amounted to 334,194 kg, down by 6.5% YoY, the Statistics Committee of the Kazakh National Economy Ministry reports. (Kazinform/Ukrainian metal)
A delegation of the European Union and the International Atomic Energy Agency has arrived in Kyrgyzstan to study uranium heritage sites in Mailuu-Suu town, Jalal-Abad region. It is expected that experts will visit the tailing dumps in Ailampa-Sai, Kulmen-Sai, Koy-Tash valleys, as well as tailing dumps Nos. 6, 20 and 21. The specialists will be…
DetailsThe prices of the main precious metals decreased in Azerbaijan on May 15, according to the data published by the Central Bank. The cost of gold decreased by 14.1695 manats, to 2228.802 manats per troy ounce compared to the price on May 14. The cost of silver decreased by 0.3847 manats, to 28.0122 manats per…
DetailsMagnitogorsk Iron and Steel Works (MMK) and Turkish metallurgic company Coskunoz have launched a 1-billion ruble MMK-Coskunoz-Alabuga car parts facility in Russia’s republic of Tatarstan. The plant is located in the Alabuga special economic zone. It will produce steel car parts for Ford Sollers and other domestic car makers. The projected capacity is 150,000 tons…
DetailsSredneuralsky Copper-Smelting Works has started the scheduled repair of the Vanyukov furnace No. 1.
The company intends to invest some 238 million rubles in the repair.
The furnace commissioning is scheduled for June 8.
The Vanyukov furnace No. 1 was put into operation in 1994, and No. 2 in 2009. (Ukrainian metal)
In January-April Magadan region mined 261.8 thousand tons of coal, up almost 2-fold YoY. The increase has to do with the scheduled growth of output at the Kolyma Coal Company, which became the leader in coalmining. Two more companies are operating in the region – Association of business cooperation LLC and North-Eastern Coal Company LLC.…
DetailsPetropavlovsk shareholders demand the board of directors replaced and one of its founders Pavel Maslovsky, as well as independent directors Sir Roderick Line and Robert Jenkins returned. The claim was voiced by CABS Platform Limited and Slevin Ltd., which together own 9.11% in Petropavlovsk. The issue will be on the agenda of the annual meeting…
DetailsZagorsky Pipe Works has received the right to use the API logo on its products. The company has successfully completed all the attestation procedures and has become the fifth large diameter pipe producer in Russia to be able to export pipes for foreign projects, which require API 5L certificate. The company began preparing for the…
DetailsEvraz NTMK has started selling railroad wheels to Slovakia. This year the company will supply some 1 thousand wheels to ZOS Trnava. ZOS Trnava is Evraz’s new client. The company is one of the top-5 wagon-repairing enterprises in Europe, namely BB TS Werk Knittelfeld (Austria), Kolowag (Bulgaria), FWN (Germany) and SZ-Vit (Slovenia), with whom Evraz…
DetailsThe High Court of London has started four-day hearings of a dispute between Russian aluminum giant UC RUSAL of businessman Oleg Deripaska and Interros of tycoon Vladimir Potanin over a sale of shares in metals giant Norilsk Nickel. Both businessmen arrived to the court to testify. A long-standing shareholder conflict, which was resolved in 2012…
DetailsIn January-March Rusal revenue totaled $2.744 million, up by 19.5% YoY. The revenue grew following the increase of aluminum prices at the LME by 16.7%, to $2.159 thousand per ton from $1.85 thousand per ton. As the result the adjusted EBITDA increased by 20.4%, to $572 million from $475 million. Aluminum output in January-March dropped…
DetailsEn+ president Maxim Sokolov during the High Court of London process said that Rusal must buy 1.9% of Nornickel under the Roman Abramovich’s Crispian offer to keep balance, even though the price was high. “Unfortunately, when the company is cornered, we are forced to accept this premium. We do not want to buy this stake,…
DetailsIn January-March Ferrexpo invested over 748.9 million UAH ($27.8 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, in the maintenance of reserves and development of PGOK 501 million UAH ($18.6 million) was invested, and in the development of EGOK and BGOK – over 247.9 million UAH ($92.…
DetailsRinat Akhmetov, the owner of Avdiivka Coke and Chemical Works, has started the procedure of squeeze out of the company shares, having estimated the price of the plant at its annual profit. In particular, Barlenco Ltd. (Cyprus) has sent out an irrevocable claim to buy out shares from all the owners of the company stakes.…
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