The Eurasian Development Bank (EDB) and Bogatyr Komir Company signed a loan agreement to finance Bogatyr Komir’s investment program aimed at modernizing coal production processes at the Bogatyr mine, the press service of EDB said in a message. The document was signed by Andrey Beliyaninov, Chairman of the Management Board, from the EDB, and Murat…Details
Karabashmed, a part of the Russian Copper Company, has celebrated the 20-years anniversary of creation and resumption of manufacture. Karabash Copper-Smelting Works was created in 1910. It was one of the main suppliers of copper for the Russian industry, military in particular. But for almost 100 years the company has been operating without gas-purifying systems,…Details
RM-Steel has resumed the manufacture of sections.
The products are intended for the LADA 4×4 (Niva 21214) project.
The sections will be produced according to ISO 9001:2015 and IATF 16949:2016.
The main goal of the company for the coming years is to create favorable conditions for the development of machine-building and automobile enterprises. (Ukrainian metal)
KMAruda has passed the audit for the correspondence to ISO 9001:2015 (quality management), ISO 14001:2015 (environment management system) and OHSAS 18001:2007 (professional safety and health management). The certification audit was carried out by SGS Vostok Ltd., a Russian subsidiary of SGS (Switzerland). KMAruda started implementing the management systems in early 2017. “The granting of the…Details
The Onexim Group of Mikhail Prokhorov has left the ranks of Rusal shareholders, according to the company statement on the Hong Kong stock exchange. On February 16 Onexim’s share in Rusal decreased from 6% to 0%. At the same time the share of Zonoville Investments Limited increased to 26.5% from 20.5%. Onexim, which owned 17%…Details
In 2017 Metinvest compensated for the decrease in demand for concentrate on the domestic market with exports. The first half-year of 2017 was difficult as to iron ore raw materials sales. “We stopped supplying iron ore raw materials to 4 Ukrainian companies – Donetskstal, Yenakievo Iron and Steel Works, Alchevsk Iron and Steel Works and…Details
Metinvest Group forecasts the growth of metal consumption on the domestic market at 8%. “In 2017 the domestic demand grew by 5-6%. This year we expect it at the level of 8%. We hope that the infrastructure construction and metal processing provide for the growth”, Metinvest sales director Dmitry Nikolayenko said. Last year the group…Details
The state enterprise Mirnogradugol has ordered Vizarremprom LLC the delivery of a chain conveyer valued at 81.98 million UAH (with VAT). The machine has to be delivered at the expense of the seller within 90 days of the full prepayment. The competitor of the winner was Promspetsvyrobnytstvo LLC, the offer of which was 3.7% more…Details
In January Ukraine produced 1.67 million tons of rolled metal, down by 7% YoY, of which 1.4 million tons were exported, up by 31.3%. Semi-finished products accounted for 46.7% (47.6% in January 2017), flat rolled metal – 27.3% (31.4%) and long rolled metal – 26% (21%). The capacity of the domestic market was 370 thousand…Details
In 2017 Izhstal increased supplies of metal to Belarus by 68% YoY, or by 7 thousand tons. Deliveries to MAZ increased 2.3-fold, to Gomselmash – 2.8-fold. Metal sales to major agriculture machinery manufacturers grew 2.5-fold, and to Minsk Wheeled Hauled Motor Vehicle Works – 3-fold. Izhstal sells metal to over 20 industrial companies in Belarus.…Details
In 2017 TMK Chermet supplied over 2 million tons of scrap to its key customers, or more than 10% of the total Russian scrap procurement. The company subsidiaries supplied 835 thousand tons of scrap, or 40% of the total volume. “Today TMK Chermet unites 4 regional divisions with 19 sites. The increase of our own…Details
Chelyabinsk Iron and Steel Works has replaced gas-purifying equipment of two machines in the oxygen-converter shop. The repair was carried out at the steel-treating machine and the continuous casting machine. “The oxygen-converter shop has seen a major reconstruction lately. We have replaced almost all the main machines and stopped using the outdated ones. Now we…Details
Miners of the state enterprise Selidovugol have gone on a hunger strike in the building of the Ministry of Energy and Coal Industry. “The miners demand their salary debts to be completely cleared. Taking into account the inflation processes, they also call to increase tariff rates. As well as return the “stolen reserves” and provide…Details
At least 25 million soms are needed to launch Dzhergalan mine, MP Maksat Sabirov said on February 22 at a session of the Parliament. According to him, the company has no collateral, so it is not issued a loan for development. “If the mine starts working, many people will get a job. I ask you…Details
Rosterminalugol (a part of Port Management Company), the largest specialized state-of-the-art coal terminal in the European part of Russia, reached on February 20 the 3-millionth ton mark from the beginning of this year, the stevedoring company said. The third millionth ton was loaded to the Panamax dry bulk carrier Indigo Ace. The M/V Indigo Ace…Details
The refining shop of Kola Iron and Steel Works has started commissioning of the new technology to clear shop dust of lead. This is a part of the investment project on unique nickel manufacture technology of arc-extraction. Instead of smelting nickel anodes the company will use nickel powder from tube-type furnaces. The cost of the…Details
Tochinvest ShZMK (Shadrinsk Metal Structures Works) has opened a shop of dip galvanizing. The company manufactures products for power, industrial and social construction. “This is one of the most environmentally clean enterprises”, the Kurgan region governor Alexei Kokorin believes. “As to the output, this year 12 thousand tons are expected”. The region provided the company…Details
The Prime Minister of Ukraine Vladimir Groysman demands from the minister of energy and coal industry Igor Nasalik to remove the so-called watchers from the state coal enterprises. “Private mining is doing fine. While the state not. Why? Because of the parasitic watchers. So let’s make government seek for finances and you just get them…Details
The minister of energy and coal industry Igor Nasalik criticizes the Ministry of Finances and state banks for not providing loans to state mines under state guarantees. “Unfortunately, I know how state banks finance Ukrainian economy. I have experienced this when preparing state guarantees for the coal industry financing”, he said. Earlier the ministry informed…Details
Coal producer Kolmar plans to invest about $2 billion in a plant on the territory of accelerated development Southern Yakutia and a terminal in the free port of Vladivostok until 2021, CEO Sergei Tsyvilyov declared on February 21. Construction of the Inaglinsky plant comprising an enrichment facility and three mines will require 62 billion ruble…Details
The state enterprise Selidovugol has ordered the individual entrepreneur Georgy Kacheyshvili the delivery of shaft props valued at 24.76 million UAH. The entrepreneur will have to supply 13780 cubic meters of wooden props. The average price of the props is 1900 UAH per cubic meter. Last year Universal Invest-Story LLC supplied such props at 1300…Details
Energomashspetsstal will supply a new batch of rolls to ArcelorMittal Kriviy Rih.
The batch with the total weight of 78.96 tons will consist of 13 rolls.
The delivery is scheduled for Q2 2018.
The contract was concluded in 2016.
The companies have been cooperating since 2011. (Ukrainian metal)
Severstal has selected suppliers of the main machinery for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works with the capacity of 2.9 million tons of pig iron per year. Under the contract Danieli Corus B. V. (the Netherlands), Paul Wurth S. A. (Luxembourg) and TMT GmbH (Germany) will design,…Details
Delta LLC has acquired the property complex of the insolvent Rostov Coal Company LLC, a part of Zaporizhstal (Ukraine), for 50 million rubles. The initial price was 309.9 million rubles. Rostov Coal Company was created within the 6.9-billion rubles project to construct the Bystryanskaya 1-2 mine in Rostov region to supply cheap blast furnace coke…Details
In January Sukhaya Balka produced 218 thousand tons of iron ore, up by 2.8% MoM. Last January the works did not mine ore because of the absence of license. On November 7, 2017 the company license was prolonged for 20 years. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2%…Details
In 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…Details