Russia and Ukraine plan to sign a new contract on supply of Ukrainian uranium to Russia in summer, International Uranium Enrichment Center General Director Gleb Yefremov said. “This year the agreement on creation of the IUEC was renewed for another 10-year period, but given the current inexplicable prices for uranium, for uranium fuel components, we…
DetailsPoland’s Weglokoks plans to import Russian coal. The company has already received consent from the government. Poland produces 80,000-110,000 tons of coal daily, but needs 150,000 tons. As a result, Poland can have an up to 5 million ton shortage in 2017. Weglokoks spokesman Pawel Cyz said that the company was considering various opportunities and…
DetailsShareholders of Ordzhonikidze Mining and Processing Works decided to change the name of the company. At the first in three years meeting they renamed the company Pokrov Mining and Processing Works. They have also approved of the reports, reelected the supervisory board, revision commission and the board. In 2013 OGOK received the net loss of…
DetailsPlants of Russian aluminum producer UC RUSAL in the cities of Bratsk, Irkutsk and Krasnoyarsk have had power outages due to setbacks on the Boguchanskaya GES and Berezovskaya GRES power plant units, the Energy Ministry said in a statement on June 27. The details are being clarified, the ministry said. (Prime/Ukrainian metal)
DetailsIn May Russia produced 4.3 million tons of pig iron, down by 2% YoY. In 5 months pig iron output dropped by 0.6% YoY, to 21.634 million tons. Ukraine in May decreased pig iron manufacture by 31.8% YoY, to 1.53 million tons, with 8.058 million tons produced in January-May, down by 20.9% YoY. Kazakhstan pig…
DetailsIn order to improve polymetallic ores processing at the Khandiza deposits, the processing factory has been reconstructed, adding 6 Ts-15 thickeners. After that Almalyk Mining and Processing Works decided to construct another thickener. The construction is underway. The new machinery will be put into operation in late August. (Ukrainian metal)
DetailsUzbekistan Iron and Steel Works is reorganizing the manufacture of import-replacing metal products – fasteners for machine-building. The capacity of the new complex is 5 thousand tons of fasteners per year. The company will assemble a new Sytco A. G. equipment to produce hot-rolled metal with 16-36 mm diameter, Berkshire Establishment LLP line to produce…
DetailsThe Pipe Metal Company starts beta testing of the TMK eTrade – the first in Russia Internet store to sell pipe products. The store is expected to start functioning in full in September. At present TMK eTrade has the following services: pipe cost calculator based on a number of parameters (type and form, material, diameter,…
DetailsOn June 29 the employees of Dneprovsky Iron and Steel Combine intend to hold another meeting protesting against the shut down of the main manufacture. According to the meeting organizers, representatives of the owner and the city authorities have been invited. “We do and will do our best to put the works back into operation…
DetailsThe Armenian government has freed Lydian Armenia, operating at Amulsar deposits, from paying customs duties on the import of equipment and raw materials. According to the minister of economical development and investments Suren Karayan, the company has already invested some 44 billion drams ($90 million). 180 billion drams more will be invested. The cost of…
DetailsPolymetal has resumed operation at Kutyn gold deposits in Khabarovsk krai. The company bought the deposits in 2011, but in September 2014 the operations were suspended. Prospecting has been complete only on two thirds of the site. The new round of prospecting will start in April 2018. As of 2015, the estimated gold reserves of…
DetailsVIZ-Stal has finished modernization of two machines to produce nitrogen, used in the process of the thermal treatment of metal. The project will increase energy efficiency. Within the project the company replaced two of the three air separation units. The capacity of each new unit is 8 thousand cubic meters of pure nitrogen per hour.…
DetailsOver 40 units of mining machines were delivered to the Gaysky Mining and Processing Works in January-June. In particular, the company received Henkon Siberia machines, Charmec 6605B, Russian and Finnish drilling machines, as well as several dump trucks and load-haul-dump machines. This year Gaysky GOK will spend 1.7 billion rubles on modernizing mining equipment and…
DetailsFerrexpo Plc intends to get a renewable credit line for $500 million until September 30, 2021. According to the agenda of Poltava Mining and Processing Works shareholders meeting scheduled for July 17, the borrowers will be Ferrexpo Finance plc, Ferrexpo AG, and Ferrexpo Middle East FZE, while PGOK will act as the pledge. PGOK shareholders…
DetailsPJSC ArcelorMittal Kriviy Rih launches flashmob #stayinukraine “I stay to work in Ukraine” for those patriots of their country, town, company, who are not ready to capitulate abroad and who are energetic enough to support Ukraine during tough transformational period of changes. Currently PJSC ArcelorMittal Kriviy Rih, the biggest steel and mining plant of Ukraine,…
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