The state enterprise Mirnogradugol has ordered Vizarremprom LLC the delivery of anchoring for shaft operations, parts of mechanized anchoring sections and hydraulically operated mine props valued at 102.22 million UAH. According to the agreement, within 90 days of the 100% prepayment receipt the company has to deliver 30 units of hydraulic anchoring at 174396 UAH…Details
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The state enterprise Mine named after Surgay has concluded agreements on the delivery of goods valued at 199,999 UAH each at the total amount of 1.8 million UAH. As the expected price of each purchase was below 200 thousand UAH, the enterprise was allowed not to hold the open trade. (Ukrainian metal)Details
In the town of Ukrainsk (Donetsk region) miners from the Ukraina mine of the state enterprise Selidovugol have made a preliminary strike and are preparing for mass actions because of the non-payment of salary. “On January 15 the first shift of the miners didn’t come to the work, a part of the second and third…Details
“Non-Ferrous Metals Alloys Manufacture” of Uralelectromed has received new machinery valued at 10.5 million rubles. In particular, hydraulic forming machines have been supplied from Turkey and vertical milling machine – from Belarus. The new machinery will improve productivity and increase product range. The purchase of the new mills was presupposed in the program of modernization…Details
Metinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…Details
In December 2017 Kazakhstan produced 0.424 million tons of steel, up by 13.9% YoY and by 2.2% MoM. In 2017 steel manufacture totaled 4.663 million tons, up by 9.4% YoY. Ferroalloys output increased by 6.6% YoY in 2017, to 1.948 million tons. In December 2017 output grew by 5.2% MoM and by 6.1% YoY, to…Details
Brazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…Details
Magnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…Details
Gazprom is negotiating a 20% discount with pipe producers. A source said that the decision had been already made and all pipe producers agreed on the discount. Two sources said that the issue was discussed between Gazprom and pipe producers’ executives on January 16 but no final decision had been made. One more source said…Details
The Toshkovskaya Mine of the state enterprise Pervomayskugol has put a new long face into operation. Its length is 200 meters, and the reserves are estimated at 150 thousand tons of coal. With the output of 100 tons per day, the miners have enough work for some 4 years. It should be noted that prior…Details
In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…Details
In 2018 ArcelorMittal Temirtau intends to increase steel output by 8.8% YoY, to 4.35 million tons per year. According to the company statement, metal sales are expected to grow to 4 million tons. “We also plan to produce 3.94 million tons of pig iron. We have to prove that we can reach this target, as…Details
The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…Details