In 2018 Neryungry-Metallik LLC will invest some 2 billion rubles in development and machinery modernization, up by 22% YoY. In particular, 990 million rubles will be spent to support and develop manufacture, including 570 million on capital repairs. Prospecting will receive 130 million rubles. Last year the company operated at three deposits: Gross, Tabornoye and…Details
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In March the Far Eastern Railroad transported 4.2 million tons of cargo, up by 2.6% YoY. Handling in Q1 totaled 12 million tons, up by 4.3% YoY. In particular, the enterprise transported 4.9 million tons of coal, 130 thousand tons of ferrous metals and 27 thousand tons of ferrous metals scrap, up by 5.6%, by…Details
Kyshtym Electrolytic Copper Plant will in April receive a modern system of two universal and two buffer conveyers to transport anodes to the copper electrolysis shop. The new machinery will unite all the current and additional rows of electrolysis baths into one chain. Thus, the project of the shop modernization will be complete. The project…Details
The department of the Main territorial service of justice in Kiev has published a list of the largest salary debts among companies in the capital. In particular, the state enterprise Luganskugol, which has been reregistered in Kiev, owes its employees 2.5 million UAH. This is the only metal or mining company in the list. Among…Details
Metal companies received the most VAT reimbursement in March. According to the State Treasury, ArcelorMittal Kriviy Rih received 1.303 billion UAH, while there was no reimbursement to the works in February. It is followed by Mariupol Ilyich Iron and Steel Works – 675 million UAH (471.5 million UAH in February) and Zaporizhstal (419.5 million and…Details
In March Ukrainian coal production reached 2.996 million tons of coal, which is 107% of the planned targets, the Trade Union of Coal Mining Industry of Ukraine informed with a reference to the Energy and Coal Industry Ministry. In particular, the production of coalmines managed by the Energy Ministry made up 389,419 tons, which amounted…Details
In February Russian railroads transported 8.5 million tons of ore, up by 3.7% YoY. Since the beginning of the year railroads have transported 17.7 million tons of ore, up by 4% YoY. Transportation on local destinations increased by 10%, while exports dropped by 30%. China showed the main decrease – by 200 thousand tons. Iron…Details
Evraz NTMK has produced over 7 thousand tons of rolled metal for the construction of a new MMK sintering factory. Flanged beams and steel rounds accounted for the main part of the metal supplied. The metal is used for the construction of main structures in the sinter shop, the sintering machines No. 1 and 2…Details
Anzhu LLC has won the right to develop the alluvial gold site at the Nyamnyagindja Brook in Yakutia. ADK LLC and Poisk Zoloto also participated in the auction. The auction ended with the bid of 227.997 million rubles. The C1 reserves of the site are estimated at 1042 kg of gold. The size of the…Details
Russia plans to file a complaint to the World Trade Organization (WTO) against Washington’s decision to introduce import duties on steel and aluminum, but does not plan any direct countermeasures, Deputy Industry and Trade Minister Viktor Yevtukhov declared on April 3. “The issue here is not only in introduction of retaliatory duties, there is a…Details
ArcelorMittal SA, Vedanta Resources and a group comprising Russia’s VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, Reuters reported quoting a joint statement of the companies. Essar Steel is among a dozen of India’s biggest debt defaulters that were pushed into the bankruptcy court last year after a…Details
Smart Stahl GmbH (Austria) has confirmed the purchase of the rolling mill from the insolvent KVV Liepājas metalurgs for 1.6 million euros. The equipment will be handed over to a trade company, created by Smart Stahl. The deal will be finalized in early May. (Ukrainian metal)Details
Russian steelmaker Severstal plans to invest 8 billion rubles to increase output of flat hot-rolled and cold-rolled products by 500,000 tons and to launch a new product, rolled metal with a width of 1,850 millimeters, the company said in a statement on April 3. Severstal plans to buy and upgrade equipment, and has already signed…Details