Energomashspetsstal has finished shipping machinery to Bharat Heavy Electrical Limited. According to the company press service, under the contract it has produced 3 turbine rotors of low pressure. The first rotor was shipped in December 2017, and the other two – in January. The total weight of the machinery is 200 tons. (Ukrainian metal)Details
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The board of directors of Russia’s Magnitogorsk Iron and Steel Works (MMK) has recommended paying 0.806 rubles per common share in dividends for 2017, the company said in a statement on February 6. In 2017 the company paid 0.869 rubles per share in dividends for January-June and 1.111 rubles per share, or a total of…Details
Uzbekistan plans to increase coal production to 11.1 million tons by 2021 to meet the needs of the population and industry. The Uzbek Ministry of Economy announced the approval of the Program for the further development and modernization of the coal Industry for 2017-2021. Given that in 2017 the volume of coal mining amounted to…Details
Azovstal Iron and Steel Works was the largest VAT recipient in January among metal and mining companies – UAH 768.9 million refunded (UAH 381.5 million in December 2017). According to the State Treasury Service, it was followed by ArcelorMittal Kriviy Rih with UAH 584 (UAH 659.4 million) and Mariupol Ilyich Iron and Steel Works with…Details
In 2017 Vysochaishiy increased gold output by 37% YoY, to 224.5 thousand ounces (6.983 tons), mostly because of the growth at Taryn GOK. This year the company expects the output to grow to 280-300 thousand ounces. The increase will be the result of Taryn GOK and Ugakhan site GOK reaching their project capacities. Revenue from…Details
Last year over 1 thousand cargo cars were sent for repairs because of the damages done by the customers. The most careless customer of the Pridneprovskaya railroads is ArcelorMittal Kriviy Rih, which has damaged over a half of all cars. Other car-damaging clients of the Ukrainian railroads are Zaporizhstal, Dneprovsky Iron and Steel Combine and…Details
In 2017 DTEK Pavlogradugol was enlisted in the TOP-100 major taxpayers, having paid around 3.5 billion UAH of taxes, up by 900 million UAH YoY. Some 937 million UAH were paid in the Western Donbass, including 166.6 million UAH to Pavlograd, 125.5 million UAH to Ternovka, around 111.5 million UAH to Pershotravensk, 430.7 million UAH…Details
Kazakhstan Electrolysis Works has shipped the first ever batch of liquid aluminum to Giessenhaus LLC. “The volume of the batch was 5 tons. In just 1 hour all the metal has been loaded into a special vacuum-ladle, which keeps the required temperature. The delivery time was around an hour and a half. During delivery aluminum…Details
In late 2017 the prospecting works were completed at the Tuylkusay site in Kostanay region. Estimated reserves of gold there are 5.3 tons. Rare-earth metals have also been found. A plant with the capacity of 48 thousand tons of refractories will be constructed in the city of Arkalyk. The cost of the project is 0.9…Details
The Third Mining and Geological Company LLC has registered gold reserves of the Chulbatkan field in Khabarovsk region. C1+C2 resources amount to 20.7 million tons of ore and 32.8 tons of gold with the average contents of 1.58 g per ton. The local ministry of natural resources hopes to get the first gold by the…Details
The converter No. 1 has been repaired in the metal shop of Karabashmed. Even though repairs provide for the faultless operation of the metal machinery, this fall the company intends to put three new Kumera converters into operation. Their capacity is 150 tons. Karabashmed will also assemble new gas-purifying equipment. (Ukrainian metal)Details
A new tungsten-processing plant and a mining-processing complex will be built in the Primorye region under the agreement with the Volfram Company, which also presupposes the stabilization of Lermontovsky GOK operations. Investments in all the projects for 2018-2025 are estimated at 1.5 billion rubles. Some 500 jobs will be created for the locals. (Ukrainian metal)Details
In a year the Lipetsk-based Svobodniy Sokol will start producing pipes with the diameter of 1200 mm. The high-quality pig iron pipes will be used to construct main water and sewer pipelines in Russian regions and abroad. “We’re preparing to conclude a contract on the delivery of new pipe-making equipment with a company from Germany…Details