Severstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop). The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH. The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)
DetailsVolzhsky Pipe Works has finished the scheduled modernization of the main sites at the pipe-rolling shop No. 3, which produces hot-deformed seamless pipes for oil and gas industry. In particular, the sites of the pipe hot-rolling and casing pipes treatment have been modernized. The works have considerably improved the operating characteristics of the shop machinery.…
DetailsMining Service has purchased a Hitachi excavator to comply with the output program of the Vasilyevsky mine. The new excavator is expected to dig some 200 thousand cubic meters of rock each month, with the possible increase to 250 thousand cubic meters. Vasilyevsky mine is the gold-extracting company in Krasnoyarsk region. Its current output is…
DetailsIn 2018-2020 Norilsk Nickel intends to produce 210-215 thousand tons of nickel of its own raw materials each year. According to the company statement, copper output is expected to total 400-420 thousand tons. Palladium and platinum production might reach 100-105 tons. Nornickel keeps the forecast for 2017 output at 206-211 thousand tons of nickel, 377-387…
DetailsMetinvest, a mining and metallurgical group, has repaid $56.7 million on new eurobonds with maturity on December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the report, this amount consists of $26.445 million interest income for the period from August 18 to November 18, $20.138 million of the…
DetailsEnergomashspetsstal will supply rolls to Mariupol Ilyich Iron and Steel Works. The agreement was concluded in October. According to the contract, EMSS will produce 22 supporting rolls with the total weight of 499 tons. The rolls will be used in the cold- and hot-rolling mills. The delivery is scheduled for Q1-2 2018. (Ukrainian metal)
DetailsThe Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation – the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are…
DetailsEvraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus). The change in the ownership took place on November 17. Drampisco and Palmrose B.V. are Evraz’s daughter companies. In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)
DetailsSL Zoloto, a joint venture between Polyus and Rostec-Business Development, has initiated a 180,000-meter survey drilling program at Sukhoi Log, the biggest gold greenfield project, in Russia’s Irkutsk region, Polyus said in a statement on November 21. “The campaign, which is scheduled to last for two years, will provide the basis for Polyus to update…
DetailsThe ex-director of the state enterprise Volynugol will pay for the damages done to an employee by illegal firing. According to the Novovolynsk city-district court, the claim of the regional prosecutors has been granted. Now the state enterprise, represented by its ex-director, has to pay 24.5 thousand UAH to the employee as the average salary…
DetailsThe ChTPZ Group has started producing a new type of long pipes of stainless chromium-nickel steel with the diameter of 20 mm, wall thickness of 2 mm and the length of 18-20.3 meters. The manufacturing process is organized at Pervouralsky Pipe Works. The first batch of pipes with the combined length of 24 thousand meters…
DetailsIn January-September the gold-mining company Vysochaishiy received 2.3 billion rubles of net profit, down 2-fold YoY. Revenue dropped by 28.1%, to 7.37 billion rubles. Gross profit fell 1.6-fold, to 3.9 billion rubles, sales profit – 1.8-fold, to 3.37 billion rubles. In 2016 Vysochaishiy produced over 5 tons of gold, including 4.8 tons in Irkutsk region.…
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