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The supervisory board of Russia’s republic of Tatarstan-based Alabuga special economic area approved a $250 million cold-rolled flat metal products facility to be built by Gemont Metal until July-September 2020, the area said in a statement on March 12. The first stage of the plant will have a capacity of 770,000 tons annually. It will…
DetailsPetropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…
DetailsThe Supreme Court of London has cancelled the prohibition to Crispian Investment of Roman Abramovich and Alexander Abramov, owning 6.3% in Norilsk Nickel, to sell some 4%. Since February 16 Rusal has been struggling against the sell of Crispian share in Nornickel for $1.47 billion to Bonico Holdings, a Whiteleave company, claiming the breach of…
DetailsThe Ukrainian government is taking steps to remove Ukrainian products from under the U.S. sanctions for steel and aluminum products, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska has said. “We believe that Ukrainian products, which have been represented on the American market for a long time, do not pose…
DetailsThe court has ordered Valki-Ilmenit LLC to pay 5.92 million UAH to Irshansk Mining and Processing Works. In particular, the fine itself amounts to 1.28 million UAH, annual interest to 848 thousand UAH and inflation payment is 3.79 million UAH. The company will be paying this amount by installments (493 thousand UAH a month) till…
DetailsFor the International Women’s Day on March 8 Zaporizhstal has prepared a number of events for its women employees and the veterans of the company, as well as provided monetary aid to single mothers, mothers with many children and children with special needs. According to the company statement, all the women employees received money prizes…
DetailsKarelsky Okatysh has put into operation the forth water boiler after capital repairs. The cost of the reconstruction was 8 million rubles. Capital repairs of the water boilers are carried out once a 4-year. Previously the repair of each water boiler lasted for almost a year. Now it was possible to decrease the term 2-fold.…
DetailsUral Steel has successfully passed the audit of its energy management system for the compliance with ISO 50001. Pronap+ experts, who have carried out the audit, have praised the company energy management system development prospects. This year Ural Steel will have to carry out a lot of work for the certification to take place. As…
DetailsThe warehouse of Metallservice, situated in Moscow, will be reconstructed. According to the Moscow Chief Architect Sergey Kuznetsov, the usage of the building will not be changed, but its size will grow. “After reconstruction the total size of the building will reach 1.3 thousand square meters”, Kuznetsov said. The facades of the building will be…
DetailsKorolevsky Pipe Works has opened a new warehouse in the city of Taganrog. The new site started operating on March 5. KTZ is one of the largest pipe manufacturers in Russia. It has the pipe plant in the city of Korolev, manufacturing assets in Voronezh, as well as the manufacturing-warehousing complex in Ivanteevka, with the…
DetailsIn January-February Azovstal Iron and Steel Works produced 602 thousand tons of rolled metal, up by 2.2% YoY. According to the company press-service, steel output dropped by 9.5%, to 631 thousand tons, while that of pig iron grew by 1.9%, to 629 thousand tons. In February Azovstal produced 265 thousand tons of rolled metal, 279…
DetailsFire appeared in a mine of Zaporozhye Iron Ore Complex in the village of Malaya Belozerka, when some 80 miners were working at the depth of over half a kilometer. 6 miners received damages because of the fire, with the burnings of one of them being severe. According to the medics, the condition of 5…
DetailsExport of Russian coal in January-February increased by 4% YoY, to 28.6 million tons, the Ministry of Energy said. In February coal exports totaled 13.988 million tons. Coal mining in January-February amounted to 69.233 million tons, of which 61.100 million tons were delivered. (PortNews/Ukrainian metal)
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