In 2018 Ukraine intends to invest 2.5 billion UAH in modernization of coal enterprises. “We’re switching to the management mode, when every mine is responsible for its efficiency. Restructuring the industry will let the country save some 1.5 billion UAH”, the minister of energy and coal industry Igor Nasalik said. Still until the document on…Details
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Metinvest has stopped supplying hot-rolled coils to EU after the introduction of the fixed duty of 60.5 euro per ton. Still, according to the company marketing director Roman Kurashev, Metinvest has not completely abandoned the market. “We sell coils there from our European works”, he said. He noted, that Metinvest reoriented its exports from EU…Details
The Saranskaya, Abayskaya, named after Kuzembaeva and named after Kostenko mines have resumed operation. According to ArcelorMittal Temirtau press service, at present the company is evaluating the resumption of operation at other mines. AMT management offered miners to increase their salary by 30%. During the strike the coal for metallurgical operation was purchased from other…Details
En+ Group, belonging of Oleg Deripaska and owning 48.13% of Rusal, has attracted VEB to two aluminum projects. In particular, VEB will invest 18.5 billion rubles in the construction of the first stage of TaAZ with the capacity of 420 thousand tons per year, and 7.7 billion rubles on the creating of aluminum plates manufacture…Details
Magnitogorsk Iron and Steel Works has been named one of the World Wildlife Fund’s Top Ten most environmentally responsible mining and metallurgic companies in Russia in 2017. MMK came eighth place in a list, the highest achievement for Russia’s iron and steel companies. The results of the study were presented at the UN office in…Details
The mining site No. 1 of the Pershotravenskoye Mine Group of DTEK Pavlogradugol has mined 1 million tons of coal since the beginning of the year. It is planned that this and other sites will outperform their annual output target. “Some 10 years ago this was an unachievable result. At that time for all the…Details
Titanium Investments LLC, previously Crimean Titanium, situated in the Russia-annexed Crimea, intends to start constructing a new titanium dioxide shop valued at 31.2 billion rubles in 2020. According to the program of Crimea development, designed by the occupational authorities, the capacity of the shop will be 80+40 thousand tons per year. Titanium Investments (Moscow) was…Details
Kachkanarsky Mining and Processing Works has produced the 200-millionth ton of pellets. The anniversary batch was shipped to Evraz NTMK, where pellets are used in pig iron manufacture. KGOK annual output is around 6 million tons of pellets with the Fe content of over 60%. The company started manufacturing pellets in 1970. The first batch…Details
In January-November Ukraine mined 31.964 million tons of coal, down by 13.6% YoY, or by 5.044 million tons. According to the Ministry of energy and coal industry, energy-generating coal output dropped by 12%, or by 3.55 million tons, to 25.758 million tons, while coking coal – by 19%, or by 1.489 million tons, to 6.206…Details
The new Metinvest strategy program presupposes increasing steel output at the group’s assets. According to the group marketing director Roman Kurashev, this concerns Mariupol Ilyich Iron and Steel Works and Azovstal, the loading of which at present is around 70-80%. “Unfortunately, right now we can’t give them more, as we cannot provide for sufficient deliveries…Details
Ukrainian Center of Steel Construction expects metal structures consumption to grow by 15% YoY in 2017, to 75 thousand tons. At the same time metal constructions output will reach 85 thousand tons. This year manufacturing activity was witnessed at 81% producers, with 46% of the companies increasing output. Most of the exports (85%) went to…Details
Ukrmetallurgprom forecasts that in January 2018 Ukraine will produce 2 million tons of steel, 1.9 million tons of pig iron and 1.8 million tons of rolled metal. According to updated data, in November Ukraine produced 1.87 million tons of steel, 1.83 million tons of pig iron and 1.6 million tons of rolled metal. A slight…Details
In 2018 Metinvest SMC will start constructing a large distribution center in Dnepr with the capacity of 40 thousand tons of metal. “This will allow us to concentrate on that site a number of items, which are periodically in demand”, the company CEO Dmitry Lippa noted. According to him, thus Metinvest will be able to…Details