In mid-August ZEMZ received a batch of Bosio heating furnaces. Now the new batch of furnaces is being assembled in the export site of the rolling shop No. 3. The first 5 furnaces will be assembled and commissioned in January 2018. The company started assembly on November 7. The foundations for all the 5 furnaces…
DetailsThe arbitrary court of the Kemerovo region has introduced 6-months bankruptcy proceedings at the Zarechnaya Coal Company. Sergey Tushkov has been appointed the insolvency administrator. His report is expected on May 7, 2018. The company accounts payable are 33.4 billion rubles. (Ukrainian metal)
DetailsZaporozhye Titanium and Magnesium Works has concluded an agreement with Mars-A LLC on the purchase of coal valued at 8.11 million UAH. By the end of the year the company will have supplied 1500 tons of coal of unknown grade at 5405 UAH per ton. The price meets the lower border of the top-10 summer…
DetailsOn November 27, 21 miners of the Buzhanskaya mine went on strike. The miners of the third and the fourths shifts remained underground. The protest started after salary was not paid. “The Buzhanskaya miners were not paid August salary in full, and only 10% for September, with nothing for October”, the chairman of the Independent…
DetailsThe Lugansk Power Enterprise LLC has published a list of debtors. According to the company statement on its Facebook page, Alchevsk Iron and Steel Works, situated on the temporarily uncontrolled territory but reregistered on controlled territory, owes it 870.584 million UAH as of November 24. DTEK Sverdlovantrazit owes 463.145 million UAH, DTEK Rovenkiantrazit – 2.131…
DetailsIn 2017 Khabarovsk region intends to mine 22 tons of gold. The previous record was set in 2004, when the enterprises of the region mined 21.1 tons of gold. In January-October the region obtained 19.845 tons of gold, up by 18.5% YoY, including 15.909 tons of ore gold and 3.936 tons of alluvial gold, up…
DetailsInterpipe has developed 26 new sizes of railroad wheels, 12 new sizes of axles, 6 sizes of wheel pairs and 32 regimes of thermal treatment. The new wheels have already received the necessary certificates in some European countries, and the sales have already started to France, Germany, Austria and the Czech Republic. This year Interpipe…
DetailsData on 29 fields and 111 perspective areas of solid minerals in Uzbekistan will be presented at the Uzgeoinvest-2017 forum. The jubilee 10th international conference the “Investment Potential of Hard Minerals of Uzbekistan Uzgeoinvest-2017” will be held in Tashkent on December 6. The conference is traditionally organized by the State Committee of the Republic of…
DetailsIn January-September the state enterprise Vostochniy Mining and Processing Works received 351.81 million UAH of net profits, up 2.1-fold YoY. Net income increased by 52%, to 2.37 billion UAH. According to the company statement, its gross profit in 3 quarters increased 2-fold, to 618.72 million UAH. In 2016 VostGOK received 493.89 million UAH of net…
DetailsMariupol Ilyich Iron and Steel Works carries out a major reconstruction program to improve its positions on foreign markets. Thus, the company has signed an agreement with Primetals Technologies Austria for the delivery of machinery to reconstruct the 1700 sheet-rolling shop valued at over $25 million. “The world metal market is changing and we are…
DetailsThe Trading House Attika LLC was not able to sell the Armavir Electrometallurgical Works for 248.4 million rubles. The auction has been cancelled as no bidders participated in it. AEMZ was put up for sale in October. The lot included, among other things, the 85 ha land plot for construction of an iron and steel…
DetailsIn Q3 Seversk Pipe Works received 100.6 million rubles of net profit, as opposed to net loss of 42 million rubles in Q2 2017 and 396 million rubles in Q3 2016. In January-September the losses totaled 35.9 million rubles as opposed to net profit of 840 million rubles in January-September 2017. Sales in Q3 reached…
DetailsIn 2018 the Tajik Aluminum Company plans to start developing the Konchochskay group of deposits. The deposits have large reserves of gold, silver, mercury, antimony and other metals. “In 2018 we will start mining and processing gold, silver and antimony”, the company said. TALCO obtained the license to develop the deposits in December 2015. The…
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