The Board of Directors of the World Steel Association (Worldsteel) has elected Alexey Mordashov, Chairman of PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, a member of the association’s 2017/2018 executive committee at Worldsteel’s 51th General Assembly in Brussels, Belgium. Alexey Mordashov is the only Russian representative in Worldsteel’s…
DetailsMetalloinvest has started pilot operation of the concentrate intake facility at Mikhailovsky GOK. The company has invested 1.3 billion rubles in the project. The maximum design capacity of the facility is 3.2 million tons of concentrate per year. During the facility’s pilot operation, the company specialists will adjust the equipment and operating models in order…
DetailsThe Zyuzins family decreased their consolidated share in Mechel from 55.04% to 50.1%, having given 4.93% to Veriotex Holdings Limited as a repayment of the debt. At present Igor Zyuzin owns 26.47% of the company, a part of which is owned through Calridge Ltd. “In October Calridge transferred 20.534 million shares as debt settlement”, the…
DetailsThe pipe and wheel holding Interpipe intends to create a joint venture with the French Vallourec. The Antimonopoly Service of Germany recorded the corresponding appeal on October 4. In 2016 Interpipe sold 458 thousand tons of pipes, down by 10% YoY, and 114 thousand tons of wheels, up by 22%. (Ukrainian metal)
DetailsThe main owner of Rusal Oleg Deripaska will retain control over Nikolaev Aluminum Works, which it has sold to Glencore. Deripaska’s En+ Group concluded a non-binding agreement with Glencore to exchange the Swiss corporation 8.75% of Rusal shares (through Amokenga Holdings Ltd) for En+ shares (owns 48.13% in Rusal). The parties agreed that Glencore would…
DetailsIn January-September Lipetsk region foreign turnover increased by 42.5% YoY, to 3.4 billion rubles. According to the local customs office, exports increased by 42.6%, to $2.8 billion, imports – by 42%, to $223 million. NLMK ferrous metals accounted for 96.5% of the total exports. (Ukrainian metal)
DetailsThe Pipe Metallurgical Company will supply daughter companies of Lukoil with some 18.4 thousand tons of casing pipes with premium TMK UP joints. According to the company statement, TMK will deliver 12 thousand tons of pipes to Lukoil-West Siberia and 6.4 thousand tons to Lukoil-Komi. The pipes of 114-339 mm diameter will feature the GreenWell…
DetailsAgrisovgaz has started producing high-precision castings of aluminum alloys using vacuum-film molding. The castings are made on the modern equipment. The products are tested for quality on site. The company can now produce castings of 2-80 kg of aluminum and zinc alloys with the capacity of 600 tons per year. (Ukrainian metal)
DetailsAt the Novogrodovskaya mine of the state enterprise Selidovugol in Donetsk region 34 miners of the first shift refused to go above ground. According to the chairman of the International Miners Union of Ukraine Mikhail Volynets, they demand paying salary. “The miners want their salary debts cleared”, he wrote on his Facebook page. (Ukrainian metal)
Details“An investor from China doesn’t modernize production at Makmalzoloto,” Kyrgyzaltyn JSC cited deputy of the parliament Kozhobek Ryspayev. Yesterday he said that the investor, who was ready to work at Makmal, was tripped up. Kyrgyzaltyn specified that it was not a question of modernizing the existing production at Makmalzoloto plant. Kyrgyzaltyn signed an agreement with…
DetailsThe Verkhovnaya Rada budget committee has rearranged funds, which will allow paying salary to miners. “Some 306 million UAH will be spent to clear salary debts to miners”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. In particular, Mirnogradugol, where employees of only one mine were paid…
DetailsBeloretsk Iron and Steel Works has become a member of the International association of manufacturers, sellers and consumers of welding electrodes and equipment Electrode. This will strengthen the company partner relations and expand its sales market. The Association unites 32 companies from Russia, Ukraine and Kazakhstan. “BMK joining the Association is an important event for…
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