Russia’s Ural Mining and Metallurgical Company (UMMC) has acknowledged industrial development of two nickel fields near the city of Voronezh – the Yelanskoye and Yelkinskoye fields – with reserves of about 1 million tons reasonable, UMMC said in a statement late on October 11. “The combined reserves of nickel at the two fields amount to…Details
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The mine constructors of Gaysky Mining and Processing Works were among the first to test the operation of the HoldCab power cables produced by the Cable Alliance Holding LLC. These cables are used to transmit high voltage from the above ground power plants to the main subterranean plants of the main horizons under construction. The…Details
The Demidov Group of Companies has opened a new warehouse in the city of Nizhniy Novgorod. There customers are now offered sheets, bars and sections. All the metal is certified. In addition to the standard service mix the new warehouse also offers cutting metal to the clients specifications. (Ukrainian metal)Details
Within the Metalloinvest program on the modernization of the mining and transport complex Mikhailovsky Mining and Processing Works receives new machinery. In September the company mining fleet was increased with a new drilling mill. It has already been assembled. It is planned to be put into operation at the quarry this month. (Ukrainian metal)Details
Zagorsky Pipe Works will supply over 28 thousand tons of pipes to Kolskaya Verf (Kola Shipyard), a daughter company of NOVATEK. The batch will contain the 1020 and 1420 mm pipes. They will be used in the construction of the shore structures within construction of a shipyard in the village of Belokamenka in Murmansk region.…Details
The losses of Metinvest in H1 amount to $329 million, or 8% of the consolidated revenue. According to the group statement, losses from the seizure of assets in the temporarily occupied regions of Donetsk and Lugansk regions totaled $293 million, with $228 million being plants and machinery and $82 million – stocks. At the same…Details
Victor Vekselberg and Mikhail Prokhorov received a total of 2.46 billion Hong Kong dollars ($315 million) from the sale of some 3% of Rusal shares. 456 million shares were placed at 5.4 HKD, with a 7.5% discount. There were 70 offers, with top 10 investors acquiring over 60% of shares. Of the volume sold Vekselberg…Details
In January-September MMK increased steel output by 1.9% YoY, to 9.569 million tons. Pig iron manufacture grew by 3.1%, to 7.509 million tons. Sales went up by 1.2%, to 8.759 million tons. In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)Details
Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels. The award ceremony took place on October 10 at the Material Science & Technology 2017 International conference in Pittsburgh (USA). This award was…Details
In January-June Metinvest B. V. sold 38% of metal products in Europe, 21% in Ukraine, 20% in the Near East and North Africa and 11% in CIS. Metal revenue reached $1.213 billion, or 38% of the total revenue, with earnings in Europe up by 27% YoY. Experts believe that because of the new European antidumping…Details
Under the contract with ArcelorMittal, Energomashspetsstal has supplied a batch of supporting rolls for rolling mills to Kazakhstan. 263.23 tons of rolls have been produced for the ArcelorMittal Temirtau 1700 hot-rolling mill, as well as for 1400 and 1700 cold-rolling mills. (Ukrainian metal)Details
In January-September Amur region yielded 20213 kg of gold, up by 19.7% YoY. In particular, the region obtained 13499 kg of ore gold and 6714 kg of alluvial gold. In January-September 2016 Amur region yielded 16887 kg of gold, including 5872 of alluvial and 11012 kg of ore gold. The main contributors to the output…Details
Karelsky Okatysh has started the construction of a road to its new quarry Vostochniy. The development of the deposits is expected to start in 2021-2022. This will be not only the technological road, but also a transport vein of the regional level. “Our task is to create a road for dump trucks. The length of…Details