A new investor – the Region Group of Companies – appeared at the Saratov Works of Reservoir Metal Structures, which is in the insolvency procedure. “We have decreased expenses to the minimum. January and February are already loaded, we have no debts. We hope that the situation improves”, the company CEO Mikhail Savran said. (Ukrainian…Details
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Zlatoust Electrometallurgical Works goes on with its projects to expand the grade and section portfolio. In particular, in 2017 it started manufacturing new grades of heat-resistant steel (ep99id, ep648vi, ep718 and ei943). These grades are widely used in the manufacture of structure elements and parts operating under high temperature. Last year ZEMZ also started manufacturing…Details
Chelyabinsk Iron and Steel Works has sold 1.5 million tons of rail and beam rolled metal since the corresponding mill has been put in operation. ChMK rails are shipped to the Russian Railroads and used in Moscow subway construction and industrial sites of major companies, as well as exported to Belarus and Kazakhstan. The main…Details
Magnitogorsk Iron and Steel Works (MMK) has received a successful supervisory audit of its environmental management system by meeting the requirements of a new version of the international standard ISO 14001. Following the assessment, specialists representing the authoritative international certification body TÜV Nord Cert (Germany) confirmed that the system entirely met the requirements of the…Details
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable the use of cloud, Internet of Things and Machine Learning technologies…Details
Ukraine in 2017 increased exports of titanium-containing ore and concentrate in natural terms by 26% compared to 2016, to 583,772 tons. According to customs statistics released by the State Fiscal Service, during this period exports of titanium ore and concentrate in monetary terms increased by 25.3%, to $105.235 million. Major exports were made to the…Details
In 2017 Tajikistan mined 1.7 million tons of coal, having set a record. 18 enterprises mine for coal in the republic. The 4 largest promised to mine 1.5 million tons of coal. Other companies obtained some 200 thousand tons. For the past four years Tajikistan has been mining record-high volumes of coal: 870 thousand tons…Details
In 2017 Chukotka region yielded 25.348 tons of gold, down by 13.14% YoY. Silver output dropped by 19.59%, to 130.839 tons. Alluvial gold output reached 2327.35 kg, up by 9.5% YoY. Ore gold extracting decreased by 14.92% YoY, to 23.021 tons, mostly because of the thinning of reserves. Last year the regional authorities expected gold…Details
In January-November 2017 Armenia increased metal output by 11.4% YoY after the drop of 6.3% in 2016. According to the National Statistics Service, ferromolybdenum output grew by 3.9%, to 6098 tons. In November 2017, 577 tons were produced, up by 12.3% MoM. Molybdenum concentrate output in 11 months increased by 3.8%, to 10133 tons, with…Details
In February Magadan region will hold auctions for the sale of 11 sites of alluvial and ore gold. All participation offers are accepted through February 12. Sites in Omsukchansk, Severo-Evensk, Srednekansk, Tenkin and Khasyn districts will be offered for sale. The cost of the lots depending on the site ranges from 1 million to 17.6…Details
The Lipetsk pipe company Svobodniy Sokol has purchased assets belonging to the insolvent Lipetsk Iron and Steel Works Svobodniy Sokol for 756.2 million rubles. According to the company CEO Igor Yefremov, this includes premises, metal and special machinery, lease right, patents, trade marks, railroad transport and social objects. The starting price of the lot was…Details
Uralmashzavod has completed the final stage of dragline 11/75 shipping. The corresponding contract with VostokUgol (Novosibirsk region) was signed in October 2016. The machine will be operating at the Vostochniy pit and is expected to start working in Q1. (Ukrainian metal)Details