Beloretsk Iron and Steel Works has put in operation a new bearing test bench. The equipment allows finding careless suppliers, decrease expenses on purchases and the number of unscheduled repairs. Ball and roller bearings are the most needed spare parts at BMK – each year the company buys some 30 thousand pieces of bearings at…Details
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Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal”, and the company’s management team visited production departments of the Yakovlevsky mine, and approved of next year’s business plan, while meeting employees of the plant. The chairman and managers visited the central control room where the production management is located, as well as…Details
Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov,…Details
The state enterprise Selidovugol has concluded an agreement with Vizarremprom LLC on the supply of spare parts for the sections of mechanized anchoring valued at 80.15 million UAH. In particular, the company has to deliver 22 types of products to the 1/3 Novogrodovskaya mine within 10 working days since 100% prepayment. The agreement is valid…Details
The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…Details
Irkutsk Aluminum Works has started shipping the KEP-2 coke to produce baked anodes. The main customer is Sayanogorsk Aluminum Works (SAZ), which produces baked anodes for its own metal manufacture, as well as for other Rusal works. So far 38 railroad cars with KEP-2 weighing 2380 tons have been shipped to SAZ. IrkAZ was able…Details
Inaglinsky GOK, 100% owned by Kolmar Group LLC, has purchased two sites with coal deposits in Neryungrinsky district of Yakutia for 182.4 million rubles. The auctions have been considered not taken place, as there was only one bid – from Inaglinsky GOK. According to the auction commission, the bid meets all the demands and the…Details
In November Russia produced 6.025 million tons of steel, up by 1.4% YoY, but down from 6.225 million tons in October. In 11 months steel output totaled 66.453 million tons, up by 2.9% YoY. Ukraine decreased steel output in November by 4.9% YoY, to 1.85 million tons (1.91 million tons in October). In January-November Ukraine…Details
Ormet is finishing the construction of infrastructure at the Luchistoye quarry needed to start mining. The site has electricity, water supply system and lighting. The depth of the quarry is 20 meters. The first tons of ore will be extracted from below 30 meters. By the end of the year the company plans to have…Details
Kazakh company Kazatomprom has delayed its delivery of uranium to Iran as it is seeking the permission of six world powers involved in the 2015 Iranian nuclear deal. Galymzhan Pirmatov, Kazatomprom’s chairman, was quoted by Financial Tribune daily as saying that the delivery of uranium concentrate to Iran could be possible only after obtaining permission…Details
The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…Details
Russian aluminum giant UC RUSAL has approved of all conditions that hydropower giant RusHydro has set for its participation in construction of the Taishet aluminum smelter, RusHydro CEO Nikolai Shulginov declared. “They’ve approved them. We are now to take them into account while developing necessary documents, and if we don’t, we will stop,” he said.…Details
In 2018 Vysochaishiy (GV Gold) intends to produce up to 3 tons of gold at the Taryn Mining and Processing Works at the Drazhnoye deposits in Yakutia. The factory started operating in May and already reached project output. In 2017 it is expected to process 530 thousand tons of ore with the average gold content…Details