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In January-October world steel output increased by 1.411 billion tons, according to World Steel Association. In October output grew by 5.9% YoY, to 145.25 million tons, with capacity loading at 73%. China manufactured 72.36 million tons of steel in October, followed by Japan (8.97 million tons), India (8.63 million tons), USA (7 million tons) and…
DetailsRussia’s largest coal-mining region, Kemerovo, plans to raise coal output to 240 million tons in 2017 from 227.4 million tons produced in 2016, governor Aman Tuleyev told the region’s Council of People’s Deputies. “We have not closed a single company despite all the problems, and we’ve even managed to build new ones and to hold…
DetailsThe construction of the railroad around Ukraine for the Crimean Titanium Works in Armyansk will begin in 2018. According to the so-called minister of internal policy of the Russia-occupied Crimea Andrey Vasyuta, the railroad will be used to transport ammonia to the company. Previously the station has been in Ukraine. As the works lacks the…
DetailsDarasun Mine LLC will resume gold mining in December. “We are now cleaning and restoring the air and water ways. Water will be pumped out in January-February 2018, after that we will examine the lower horizons”, the company said. The mine is now drying out shaft horizons, examining the gold-extracting factory and purchasing spare parts.…
DetailsCorum Group has won a tender to produce 200 sections of anchoring valued at over 250 million UAH for the Pokrovskoye Mine Group, the largest coking coal miner in Ukraine. The contract has to be fulfilled by May 2018. “This is a new anchoring structure named DT 08/18, which is a continuation of the DT…
DetailsIn 2018 Metinvest intends to increase the loading of Unisteel LLC capacities 2.5-4-fold YoY, to 50-80 thousand tons of galvanized rolled metal. In 2017 the company will produce slightly over 20 thousand tons of metal, while the project capacity of the machinery is 100 thousand tons, thus it has the prospects of increasing output. With…
DetailsMagnitogorsk Iron and Steel Works has concluded a 10-year agreement with Gazprom Mezhregiongaz Kurgan for the delivery of gas. The volume of the deal is 40.4 billion rubles without VAT. The agreement is valid through December 31, 2027. At present the main volume of gas to MMK is provided by Novatek-Chelyabinsk. Thus, MMK is diversifying…
DetailsAs of November 19, the gold-mining company Susumanzoloto has obtained 5042 kg of gold in Magadan region, up by 14% YoY. The increase is the result of the investment in the mining machinery fleet expansion. Thus, this year Susumanzoloto has purchased 3 loading complexes. During the current gold-mining season the company has invested 1.2 billion…
DetailsRussia has all the prerequisites to increase aluminum consumption from the current 6 kg per capita to 10 kg by 2020. And this is one of the tasks of the Aluminum Association, the organization chairman Valentin Trischenko declared. “For this we need to direct all our efforts to the import of all industries. We hope…
DetailsIn January-October Severstal sold 912 thousand tons of coated rolled metal, up by 13% YoY. Galvanized metal sales increased by 20% YoY, or by 93 thousand tons, to 570 thousand tons. Polymer-coated metal sales reached 343 thousand tons, up by 2% YoY, or by 8 thousand tons. “We believe metal consumption in this sector will…
DetailsThe state enterprise United company Ukruglerestructurizatsia has ordered Diviteya LLC the work on physical liquidation and environment protection within the project to shut down the mine named after Artem for 90.2 million UAH. By May 2019 the company will have to liquidate all the shafts, demolish all the buildings, recultivate land, organize landscape, plan territory…
DetailsBlack Iron Inc. (Canada) has finished the new feasibility study for the construction of the Shimanovsky Mining and Processing Works in Kriviy Rih valued at $748 million. According to the document, the construction of the mine and the works will be carried out in 2 stages. The capacity of the first stage will be 4…
DetailsIn the next three years Metinvest is going to buy 50 BelAZ quarry dump trucks with the lifting capacity of 30-50 tons and over 130 tons. According to the group statement, Metinvest and BelAZ have signed an agreement for long-term cooperation. Within 3 years BelAZ will be supplying Metinvest with trucks and spare parts. At…
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