Severstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz. The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability. The company is not disclosing the deal conditions or the buyer of its…Details
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The first vessel with gas coal from US for DTEK thermal power plants arrived in Ukraine. “The Navious Galileo arrived on October 26. The coal from US will be unloaded in usual mode”, the Yuzhniy Sea Trade Port authorities reported. The first batch is 75 thousand tons of coal, which will be supplied to Ladyzhino…Details
The competition committees have set the Zaporozhye Aluminum Works privatization conditions. According to the State Property Fund head Vitaly Trubarov, 68.009% of the ZALK state shares will put up for auction at 278.37 million UAH. In 2011 Rusal shut down the works. A year ago its equipment and machinery was cut into scrap and illegally…Details
The net profit of the Russian steelmaker Novolipetsk Steel (NLMK) soared by 63% YoY, to $1.022 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 27. Revenue grew by 28%, to $7.25 billion, and EBITDA by 31%, to $1.869 billion. In July-September, the net profit…Details
Three people died from carbon monoxide poisoning in a mine in Batken region, the Ministry of Emergency Situations reported. According to it, the accident occurred in Samarkandek village in Garym section. The dead S. Ormonov, born in 1970, I. Ibragimov, born in 1972, and Akmat Uulu U., born in 1987, illegally mined coal. Rescuers of…Details
Next year there will be no profitless state mines in Ukraine provided the government plan of coal industry reformation is carried out. “I have promised that if the plan of actions, agreed upon with the government, is carried out, next year all our state mines will be profitable”, the minister of energy and coal industry…Details
The arbitrary court of Perm region has settled the amicable agreement between the Kamastal Iron and Steel Works LLC and R-Line Transport Systems. The latter in July applied to the court to announce Kamastal bankrupt because of its debt of 22.7 million rubles. Later two more claimants appeared. But during the court session R-Line and…Details
ArcelorMittal Tubular Products Aktau is finishing constructing a unique shop. The new ship to assemble pipes in dual sections is a joint venture of AMTPA and KazTurboRemont. The commissioning of the new shop will create some 150 jobs. The shop will weld pipes into dual 24-meter sections. Its capacity will be 300 km of pipe…Details
In January-September Tajikistan mined 1384 thousand tons of coal, up by 21 thousand tons from the whole 2016 yield. “This is the highest result in the history of the republic”, the Ministry of industry and new technologies reported. The high results have been secured by Fon-Yagnob (617 thousand tons), Talco-Resource (286 thousand tons) and the…Details
In 2021 Azerbaijan intends to obtain 5987.9 kg of gold, up from 5312.2 kg in 2017. Thus, in 2018-2021 gold output will increase by 12.6%. In particular, in 2018 gold output is expected to reach 5471.5 kg, in 2019 – 5635.7 kg, and in 2020 – 5804.7 kg. Iron ore concentrate manufacture will also grow:…Details
Neryungri-Metallik, a part of Nordgold, has laid the foundation for the gold-extracting factory at the Gross mine. The largest Nordgold project in Russia will be commissioned in mid-2018. The development of Gross began in Q4 2015. The mine is expected to yield some 12 million tons of ore and produce around 7 tons of gold…Details
Stoylensky Mining and Processing Works has purchased 3 new 136-ton BelAZ dump trucks for the transportation of rock in the quarry. With these new trucks the company fleet now consists of 35 machines, enough for operation in 2018. The truck body is strengthened from inside with Quard steel sheets. Such a protection increases the body…Details
The city of Izhevsk entrepreneur Alexei Isupov and the Industrial and investment complex Vector (Crimea, annexed by Russia) have signed an agreement to create the Izhevsk foundry works Vector. The new company will process aluminum for Crimea. Investments will total 70 million rubles. 50 jobs will be created. The Izhevsk party will prepare the manufacturing…Details