The Russian presidential administration is watching the development of a conflict between the shareholders of metals producer Norilsk Nickel, spokesman Dmitry Peskov declared on February 26. “Bearing in mind the size and the importance, the social importance, the economic importance of the company, the Kremlin is of course watching how the management situation is unfolding,”…Details
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Ukraine in January reduced steel production by 0.1% compared to the same period in 2017, but increased by 1.9%, to 2.1 million tons, from December 2017, ranking tenth in the rating of 64 countries, the world’s major producers of this product, compiled by the World Steel Association (Worldsteel). In January the growth of steel smelting…Details
PJSC ArcelorMittal Kriviy Rih continues to resettle the residents from the area of possible displacement of the earth surface in the Saksaganskiy district of Kriviy Rih and is ready to purchase every household located in the streets Lavrenyova and Chistopolskaya (“Zhukovka settlement”), at the price of 425 thousand hryvnia providing the conclusion of the sales…Details
Odessaoblenergo (the power-distributing company) ordered Trading House of Odescable the delivery of cable valued at 146.28 million UAH. Until February 2019 the company will have supplied 291 types of wire and cable produced by Odescable, Akvaton (Rovno) and Kamcable (Russia). Of the total volume the ASXsn cables account for 56.69 million UAH. Of them the…Details
The first blasting operations were carried out at the 570th horizon of the large gold deposit, Muruntau, located in the Kyzyl Kum and developed by the Navoi Mining and Metallurgical Combine. Over the past 50 years, since the beginning of the Kyzyl Kum development, more than 1.5 billion cubic meters of rock have been mined…Details
A pipe of a local mining company in Ak-Tyuz village, Kemin district, running along the road, burst and chemical wastes flowed into the river and onto the road. According to local residents, the pipe runs from the gold recovery plant to the dam from the tailing dumps. “It happened yesterday. The wastes have been flowing…Details
Ukrzaliznytsia (Ukrainian Railways) has concluded 37 agreements with Sota Ukraina LLC for the delivery of steel valued at 110.32 million UAH. In particular, Darnitsa Wagon-Repair Works placed 36 orders valued at 106.66 million UAH. The two most expensive orders (8.23 million UAH) provide for the supply of sheet steel produced by Mariupol Ilyich Iron and…Details
Inna Ponomareva has become a new CEO of the metal trading company Firma Vicant. She has previously worked as the sales director. Grigory Nosko, who headed the company prior to Ponomareva, left Vikant. In 2017 Vikant imported 121 thousand tons of rolled metal and started cooperating with Metinvest in pipes purchases. This year the company…Details
In 2017 Chelyabinsk Iron and Steel Works received 5.392 billion rubles of net profit, down 2.8-fold YoY. Revenue grew by 10.7%, to 118.567 billion rubles, domestic sales accounted for 106.303 billion rubles. Gross profit fell by 26,6%. Sales profit dropped almost 2-fold, to 6.965 billion rubles. The company accounts receivable increased from 25.475 billion rubles…Details
Polymetal has concluded the first agreement on the sale of concentrate from Kyzyl. The purchaser of the concentrate is one of the current trade partners of Polymetal’s, which for the past two years has acquired a considerable volume of concentrate from Maysky. According to the agreement, the buyer has to purchase at least 50% of…Details
Novgorodsky Iron and Steel Works has begun the final stage of copper electrolysis shop scrap-conveyor reconstruction. The conveyor transports anode remnants from the electrolysis shop to the copper smelting shop. Earlier all was done manually. Scrap was unloaded from the height of 1.7 meters, which made the process difficult and dangerous. The conveyor will be…Details
The researchers from the Institute of Geology and Mineralogy have found gold-containing minerals at the Maletoyvayam deposits in Kamchatka. The prospecting was carried out at the order of the research company Elekhim. In particular, the new type of mineral contained compounds of gold with tellurium, sulfur and selenium. Gold can be found with silver impurities,…Details
Ingalinskaya-2 Mining and Processing Factory in South Yakutia has increased its coal processing capacities to 2.5 million tons per year. Concentrate output depends on the coal grade – from 40% to 63%. “The project capacity of the factory was 1.5 million tons. Last year we reached 1.7 million tons. The factory was put into operation…Details