Torex-Khabarovsk, the owner of the only steel producer in Russia’s Far East Amurmetal, and Hong Kong company Debang Guangdong International signed a letter of intent to create a metals cluster basing on capacities of Amurmetal, the Far East Development Ministry said in a statement on January 9. “The sides plan to start implementation of the…Details
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Vice President of Full Gold Mining, which is developing Ishtamberdy gold deposit in Ala-Buka district of Jalal-Abad region of the Kyrgyz Republic, explained why the company fired 400 employees. He told this at a meeting with the head of the State Committee for Industry, Energy and Subsoil Use Ulanbek Ryskulov. According to him, it is…Details
In 2018 Zaporizhstal intends to invest 34 million UAN in improving the life of its employees. According to the company statement, 19 premises with the size of over 6 thousand square meters will be repaired. “Since 2012 we have repaired 100 premises, and the organization of the comfortable rest for our employees is going on”,…Details
The Nikolaev Shipyard of Smart Maritime Group is working on the repair of LS-42 dredger for Mariupol Ilyich Iron and Steel Works sintering factory. The shipyard started repairs in autumn 2017. The companies have a vast experience of cooperation. Last year the shipyard produced a barrel mixer for the works, with the diameter of 2.8…Details
This year Novokuznetsk district will open a new coal pit in addition to 24 coalmining enterprises already operating. The pit will be commissioned by Energia-NK and it will be situated on the Bingiro-Listvaynsky site, not far from the Mikhailovka village. Its project capacity is 1 million tons of coal per year. The pit will operate…Details
In 2017 Belarus Iron and Steel Works increased revenue by 30% YoY despite new antidumping duties, imposed by some countries, to $1.2 billion. Exports account for 85% of the total sales. Russia consumes 22.9% of BMZ metal. Other major importers are Israel, USA, Ukraine and Egypt. In 2015 the company commissioned the bar and wire…Details
The State Committee of Industry, Energy and Subsoil Use put a deposit of placer gold Baymak on auction, official website of the committee reported. The deposit is located in Ala-Buka district of Jalal-Abad region. The deposit was discovered in 1956 following the ancient mining of placer gold. Kyzyl-Tokoy, Orto-Tokoy, Baymak, Ala-Buka, which now constitute Nizhnekassanskoye…Details
In 2018 ArcelorMittal Kriviy Rih intends to produce at least 6.5 million tons of steel. “We also plan to manufacture 5.7 million tons of rolled metal and 10 million tons of concentrate”, the company CEO Paramjit Kahlon said. In 2016 AMKR reached its 10-year maximum in steel output – 7 million tons. It was planned…Details
China Railway Tunnel Group has started work on the investment project to modernize the Shargunkumir Company. The investment project presupposes the increase of the company capacity to 900 thousand tons of coal per year. The Chinese company will clear 10 old mines and create a 2227-meters long tunnel. The total cost of the project is…Details
In 2017 prices of industrial products in Kazakhstan increased by 17.6% YoY. According to the Ministry of the national economy, prices in mining industry increased by 27.2% and in processing by 8.3%. In particular, metal ore prices grew by 15.8%, coal – by 10.3%, zinc – by 23.7%, copper – by 19.7%, aluminum – by…Details
Last year the Commercial court of Dniepropetrovsk region ordered to arrest accounts of Dneprovsky Iron and Steel Combine. DMK appealed. On January 2 the court satisfied the company claim. Dneprovsky Iron and Steel Combine was a part of Industrial Union of Donbas (ISD), created in 1995. In May 2017 it was confirmed that DMK was…Details
Ukraine’s metallurgical sector has plunged into recession mainly due to the crisis in the eastern region of Donbas. Last year, the output of steel, one of the main exports items of Ukraine, fell by 12%, while the production of pig iron and rolled metal was down by 15% and 14%, respectively, according to Ukrmetallurgprom association’s…Details
In 2017 Ukraine imported 19.8 million tons of coal valued at $2.7 billion. According to the State Fiscal Service, Russia supplied $1.552 billion worth of coal (56.57%), USA – $682.01 million (24.85%), Canada – $182.2 million (6.64%) and other countries – $327.65 million (11.94%). Exports mostly went to Russia – $57.475 million (54.48%), Slovakia –…Details