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The first complex of new electrolysis baths has started operating at the nickel electrolysis shop of Kola Iron and Steel Company, a part of Nornickel. The project to implement the new highly efficient technology of electric extraction presupposes the use of nickel powder instead of nickel anodes. The first stage of the program envisions 42…
DetailsIn November 2017 ferrous metals throughput remain on the previous year level – 6.1 million tons. And in 11 months railroad transported 65.8 million tons of ferrous metals, up by 1.8% YoY. According to Severstal, domestic demand in 2017 will grow by 7% YoY, to 40 million tons of steel. Growth of demand for metal…
DetailsRUSAL has presented a list of the company’s most important events and achievements in 2017. The achievements form part of the company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental performance, increase its share of value added products, and develop social infrastructure in the communities where…
DetailsIn 2018 Amurmetal intends to produce 1 million tons of metal. “This year we have produced 180 thousand tons of metal. The goal for the next year is 1 million tons”, Torex executive director Sergey Zyubr declared. He has also announced the modernization of the bar shop, which will begin on February 1, 2018. The…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 24.8 million tons of coal this year, up by 37% YoY. This result, provided as of December 28, takes into consideration the forecast for the rest of the year. In…
DetailsThe Federal Agency of Subsoil Use (Rosnedra) has announced a competition for the right to use the subsoil with the view of prospecting and mining tungsten-molybdenum ores at the Tyrnyauzskoye deposits in the Kabardino-Balkar Republic. The initial payment for the site is some 1.08 billion rubles. The site will be auctioned on April 17, 2018.…
DetailsThe Priamurye region-based mining company Odolgo increased alluvial gold output in 2017 to 38.9 kg. Last year the company obtained 37.6 kg of gold. At the same time, the output plan for 2017 has been only 50% fulfilled. The target for the next year has not been officially set yet, but according to the company…
DetailsNovgorodsky Iron and Steel Works is finishing the modernization of power machinery in the copper electrolysis shop. In December it has replaced 9 out of 12 electrolysis series shunting switches. This transfer will considerably decrease expenses on managing and repairing the machinery, having prolonged its service life. The cost of one shunting switch is 3…
DetailsIn 2017 Elgaugol LLC has purchased over 20 units of mining machinery. In particular, in December the company received 4 BelAZ dump trucks with the lifting capacity of 130 tons. In early 2017, 5 KamAZ buses were purchased to bring employees to the work. The company has also purchased 5 lifters. “In 2018 we intend…
DetailsThe capacity of the processing factory at the Stoylensky Mining and Processing Works has increased by 800 thousand tons of iron ore concentrate per year thanks to 4 new press-crushing mills. Thus, the annual capacity of the GOK has reached 17.4 million tons, completely covering the needs of NLMK in iron ore concentrate with Fe…
DetailsTMK intends to issue bonds valued at 60 billion rubles. According to the company statement, the decision was taken at the board of directors meeting on December 25. The bonds will be issued for 15 years. At present TMK has two issues of eurobonds with the maturity in January 2018 and April 2020 with the…
DetailsThe Ministry of industry and trade has responded to the claim of domestic metal makers pointing to the Kazakhstan dumping with flat rolled metal supplies, and following the address of Russian Steel has started an investigation. Kazakh metal companies have drastically increased supplies, which, as claimants say, is connected to the state subsidizing steel makers.…
DetailsCentravis Production Ukraine forecasts that in 2017 its sales will grow by 20% YoY. “Sales volume-wise we will grow this year by 20% it tons”, the company sales director Waldemar Scheiermann said. According to him, the company orders portfolio in 2017 narrowed as it cut short-run and low-margin products. (Ukrainian metal)
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