Interpipe has certified its premium tight gas threaded joints UPJ-M for the correspondence to ISO 13679 CAL IV. “The certificate confirms the correspondence of the joints to the highest level of requirements. The tests have been carried out in Italy”, the company said in a statement. The UPJ-M joints can be used in the most…Details
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Volnogorsk Mining and Processing Works has announced the purchase of 14 hinged dump trucks with the lifting capacity of 55 tons at the expected price of 400 million UAH. On December 20, 2017 the company announced the purchase of 7 dump trucks at the price of 200 million UAH, and on January 4 – 7…Details
Energomashspetsstal has finished the shipping of bulk machinery to ISD Dunaferr (Hungary). In particular, the company has shipped 10 slag ladles with the volume of 11 and 16 cubic meters. The total weight of the ladles was 200.5 tons. The delivery is performed under the contract signed in August 2017. According to the agreement, the…Details
PAO Severstal, one of the world’s leading vertically integrated steelmaking and mining companies, has launched a production line for polymer-coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (MCW No. 3). The launch ceremony was attended by Alexey Mordashov, Chairman of Severstal’s board of directors, Alexander Shevelev, CEO of Severstal, Oleg…Details
Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has signed an agreement with a club of banks for a $240 million pre-export finance facility (the “PXF-2018”). The new PXF has a 5-year tenor with a 4-year grace period; interest rate is linked to…Details
Mechel PAO reports its results in the Ecological Awareness Year announced in Russia in 2017. The group’s production facilities implemented a series of large-scale projects in a bid to improve the ecological situation in the regions of its production and administrative operations. Those include: – Mechel-Coke conducted technical upgrading of its benzene facility in the…Details
Belarus Iron and Steel Works is asking its lenders to postpone the payment of $70 million from this year to the next. “On the verge of 2015 and 2016, when we had a difficult period, we did take the state aid. Now we are paying back interest on those loans. In 2018 we have to…Details
Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021. According to the company statement, $3.69 million were spent on paying loans on pre-export financing. After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)Details
SAT&Company intends to build a mining and processing works at the Gornostayevskoye deposits in the East Kazakhstan region valued at $252.5 million. The GOK will process cobalt-nickel ores and extract nickel, cobalt and FN-20 ferronickel. The project capacity will be 1.9 million tons of ore and 9.5 thousand tons of nickel material per year. In…Details
The Ministry of Finances suggests increasing the volume of sanctions for the breach of precious metals and stones mining, using and storing rules. The maximum fines for companies and individual entrepreneurs could increase 5-fold, to 250 thousand rubles, for officials – 4.7-fold, to 70 thousand rubles. The decision is aimed at decreasing the grey market.…Details
ArcelorMittal Temirtau has been fined for 600 million tenge for the damaged caused to the environment. The Department of ecology says that this fine has nothing to do with the black snow. At the same time the company has been fined for polluting the environment. “The air pollution exceeded the norms. The company also failed…Details
Since the start of the year the prices of precious metals have increased by 6% as opposed to the 1.5% growth in the last week of 2017. For January 8-14 the following sales prices are set: gold – 20462.92 drams per 1 gram (up by 4.8%), silver – 266.26 drams (up by 6.8%), platinum –…Details
In 2017 the uranium holding ARMZ mined 3 thousand tons of uranium, having 100% fulfilled its annual target. In particular, its Khiagda enterprise obtained 693 tons of uranium. It is expected that the company will reach the project capacity of 1 thousand tons per year in 2019. Dalur retained its output volume and extracted 592…Details